Douglas Elliman’s Jay Parker, Witkoff’s Alex Witkoff, Monroe Capital’s Ted Koenig and a rendering of the 1901 Collins Avenue (Douglas Elliman, Witkoff, Monroe Cash)
Monroe Funds tapped Douglas Elliman to guide income of their planned Auberge-branded resort and condo progress at the Shore Club residence in Miami Beach front, The Serious Offer has discovered.
Top Elliman brokers Dina Goldentayer, Bill Hernandez and Bryan Sereny will be leading profits for the 49-unit venture at 1901 Collins Avenue, in accordance to resources. The envisioned start marks a move forward for the Shore Club, which has been closed because the pandemic commenced.
The Auberge-branded oceanfront Shore Club home will include things like a new 17-story tower a spa and members’ club and a juice bar, restaurant and cafe bar. Robert A.M. Stern Architects and Kobi Karp Architecture & Interior Design are the architects. Accredited options also call for a 110-critical resort.
Auberge’s other qualities consist of the Auberge du Soleil in Napa Valley and the Auberge Seaside Residences in Fort Lauderdale.
The developers will return to the Miami Seaside Historic Preservation Board in mid-December. They will request a waiver that makes it possible for them to safe a demolition permit for portion of the challenge, prior to securing a creating allow for a new framework, in an goal to expedite the in general construction. The historic hotel was developed in 1939 and redesigned by architect David Chipperfield in the early 2000s.
New York-primarily based Elliman is familiar with the house: The brokerage earlier led sales and promoting of the prior Fasano-branded venture that the former owner, HFZ Cash Team, had prepared for the web page. That task was canceled before the pandemic. Monroe acquired HFZ’s interests in the Shore Club entities that owned the house in 2020, and introduced Witkoff on as a lover.
The Shore Club will probably be a person of a handful of new beachfront tasks clustered near just about every other on Collins Avenue that will incorporate a historic preservation element. New York-dependent developer Michael Shvo and his partners secured their closing acceptance for the Raleigh Lodge-anchored growth at 1751, 1757 and 1775 Collins Avenue in March. And a group led by New York-based mostly Eldridge Industries’ Todd Boehly is organizing a revamp of the Delano Resort at 1685 Collins Avenue.
The Shore Club has confronted a sequence of hurdles, such as opposition from the nearby Setai Resort & Residences. The Setai apartment affiliation and entities tied to the Nakash spouse and children experienced challenged the historic preservation board’s May perhaps 10 choice in favor of Witkoff and Monroe Capital’s designs, but the board voted versus a rehearing of the proposal in September.
A previous proprietor of the Shore Club, The Clark Estates, alleged that Witkoff and Monroe orchestrated a “crooked and secretive land grab” of the firms that owned the Shore Club to obtain manage of the venture. The Clark Estates sued Witkoff and Monroe previously this yr. The scenario is continue to pending, court docket files clearly show.
