January 30, 2023
Arte Officially Sells Out At Nearly 225 Million
Arte Surfside, the ultra-luxury 12-story oceanfront luxury condominium at 8955 Collins Avenue, has officially sold-out for near-$225 million following the closing of Residence 201, its last remaining listing, for $17 million in as-is condition. The six bedroom home spanning 6,975 square feet of interior space and 1,488 of terrace space was designed by master Italian architect Antonio Citterio and sold unfurnished to a family, who were drawn to its water views and large living spaces featuring two kitchens, a dedicated oceanfront entertaining level, and a master suite overlooking the ocean. The residence was previously leased to Ivanka Trump and Jared Kushner.
The Real Deal
August 16, 2022
Sapir beats deadline, scores $89M in Israel for Soho hotel
Alex Sapir’s firm scored a much-needed $88.6 million loan from the Israeli bond market for its NoMo SoHo hotel. Sapir Corp faced a tight deadline to raise the money in Israel. Earlier this month, Sapir’s lender offered the firm a $5 million discount on its $105 million senior loan if it repaid its outstanding debt by Aug. 18, according to a filing on the Tel Aviv Stock Exchange. Sapir Corp beat the clock. Its Israeli money will be used to pay down the senior loan from Goldman Sachs. The new financing will mature in 2026 with an interest rate of 6.75 percent, according to the stock exchange. The Israeli bonds began trading this week.
May 16, 2022
Exclusive: This NYC Hotel Is the First in the US to Offer Bookings Via NFT
The crypto revolution is coming for the hospitality industry. Crypto owners looking to combine their digital assets with something in the real world have a new option: Take a vacation. The NoMo SoHo hotel in New York City has become the first hotel in the United States to offer NFT reservations. Starting Monday, May 16, the property is combining curated NFTs with stays in some of its guest rooms, plus added perks. For now, only 300 such NFTs will be released, starting at .41 ETH, or $836 at the time of launch. While a couple hospitality companies have joined the worlds of sports, entertainment, art and spirits in the NFT game, most have stuck to the digital art aspect of things. For example, Marriott Bonvoy, the brand’s loyalty program, unveiled NFTs at this year’s Art Basel Miami, but those unlocked pieces of original art and 200,000 Bonvoy points. Other hotels have set up NFT galleries, while luxury Venetian hotel Ca’ di Dio offered a few exclusive experiences via NFTs in honor of its 2021 opening.
June 8, 2021
Miami Beach’s Most Expensive Penthouse Just Sold In America’s Largest Known Cryptocurrency Real Estate Deal That Could Change Housing Forever
On May 27th, $22.5 million of data heat, zeros, and ones quietly shifted across the financial landscape, transferring ownership of a shiny, new 5,067 square foot,...
January 25, 2021
Inside The Residences At Arte Surfside In Miami Where A $33 Million Penthouse Just Broke Records
A short drive uptown from Miami Beach, the small seaside retreat of Surfside has been drawing some of the world's most famous names. With the opening of the Four Seasons Hotel at the Surf Club, the area became a trendy destination, and now its fancy new neighbor is also creating buzz. ARTE is a one-of-a-kind residential compound offering just 16 stunning oceanfront residences.
April 19, 2019
A Garden Party Wonderland Wedding in Soho
They met in a Santa Monica bar in 2014 when he suggested a different angle for the Instagram photo she was taking of her cocktail. When it came time to plan a wedding, two-plus years later, Alina Chu, 35, who works in fashion, and Jason M. Mullens, 45, a chief HR officer, were just as focused on the visuals. The pair hired the Silhouette Group design firm to create an Alice in Wonderland–meets–Secret Garden look at NoMo Soho, with its leafy entrance and greenhouse-style roof. At the ceremony, Ballet Academy ballerinas danced as Alina walked down the aisle to the sounds of a gospel choir. “The girls opened around me like a flower to ‘Ave Maria,’ ” Alina says. Bottles labeled DRINK ME welcomed guests to a reception with yet more performers, such as a Korean drummer to honor Alina’s heritage and a Cuban cigar roller to reflect Jason’s. The night ended with a mossy green cake followed by deliveries of fried chicken. According to Jason, “You’ve never seen a woman crush fried chicken like my wife.”
April 25, 2017
NoMo SoHo to Debut Panoramic Penthouse Residence Spring 2017
NoMo SoHo, the 264-room chic New York City hotel located at the intersection of art, music, culture and fashion, has announced it will reveal a reimagined luxury penthouse April 2017. The tallest building in Manhattan's fashionable SoHo district, the hotel's new 1,100-square-foot signature suite with 1,000-square-feet of outdoor terrace space will showcase unparalleled views of the New York skyline and an all-new sophisticated and modern design perfect for memorable stays.
The Real Deal
Sapir Corp. sells two condos at Arte in Surfside for $23M
The Sapir Corp. sold two condos at Arte Surfside for $23.4 million, leaving one developer unit left for sale at the boutique oceanfront condo building. The developer recently sold unit 701 to Arte36 LLC, a Delaware entity, for $12.2 million, or about $3,900 per square foot. It also sold unit 802 to Joseph H. Menzin for $11.2 million, or close to $3,600 per square foot.