57 Ocean, the widely-anticipated, ultra-luxury residential project on Miami Beach’s Millionaire’s Row, has officially topped off construction at 18 stories.
Developer Multiplan Real Estate Asset Management celebrated the milestone on Aug. 5th in tandem with the boutique oceanfront project’s exclusive sales broker, Fortune Development Sales, and the general contractor, Moss Construction. 57 Ocean (5775 Collins Ave.), which is now approximately 60% sold, comprises 71 residences and a myriad of five-star, Blue Wellness-inspired amenities and designs, including a holistic spa with products by One Ocean Beauty, a wellness pavilion with a thermal suite and relaxation areas, meditation and hanging gardens, poolside treatment cabanas, and beyond.
Completion of the project, which broke ground in April 2019, is on-schedule for next fall’s projected delivery date.
In the face of the COVID-19 outbreak, the team of visionaries took the opportunity to forego a traditional celebratory event by building a six-foot-by-20 sand sculpture on the beach, adjacent to the site. The sculpture — featuring a relief of 57 Ocean’s iconic undulating exterior, designed to resemble waves on the water — called attention to the project’s ongoing support of the Oceana organization, which works to protect the world’s oceans.
“This is a triumphant moment for us,” said Marcelo Kingston, Managing Partner of MultiplanREAM. “Our team has worked tirelessly to ensure that all deadlines were met and expectations of our buyers are exceeded. The global response to our project has been overwhelming. To be more than halfway sold, with dozens of new prospective buyers reaching out to us daily — recognizing the unmistakable value of a project of this size, scope, and setting — is a point of pride to us, as well as to our founder, Dr. José Isaac Peres.”
Dr. Peres, one of the world’s most well-known developers, founded MultiplanREAM and worked tirelessly to create the concept of 57 Ocean. His love of the ocean and first-hand appreciation for the healthful benefits of living on the water — as well as his long-time mantra that wellness is the ultimate luxury — inspired the design. Since its initial unveiling, buyers from across the globe have been flocking to 57 Ocean to purchase homes there. In June, the sales team announced the purchase of a $7.8 million Sky Residence to a Miami Beach resident, who singled-out the project for its new construction, amenities, and oceanfront setting.
“57 Ocean is unlike anything that’s currently on the market in Miami Beach,” said Edgardo Defortuna, founder and CEO of Fortune Development Sales. “Our buyers know that this project is rare, offering a lifestyle that surpasses all wants and needs – especially in the wake of COVID-19. These huge interiors, large terraces, the connection to the water, and focus on health and wellness are a winning combination that simply cannot be overlooked.”
“We are proud to be celebrating this milestone ahead of schedule — a testament to the leadership, expertise, and excellence that have guided 57 Ocean and its rise,” said Scott Moss, CEO of Moss Construction. “This is an absolutely beautiful project that is going to be a huge point of pride for Miami Beach and South Florida, as a whole. The attention to detail is profound — from the unique undulating façade of the building to the stackable sliding doors that seamlessly draw the outdoors in, and the wood-accented ceilings. 57 Ocean is a first-of-its kind project for the area with details that will set it apart from all other luxury buildings.”
Designed by award-winning architect Bernardo Fort-Brescia of ARQUITECTONICA, with interiors by Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean will offer two- to four-bedroom residences, starting at $1.5 million, with sizes ranging from 1,245 to 3,474+ square feet. The well-appointed homes will feature expansive terraces, each stretching up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. In addition to 20 flow-through Sky Residences, starting at $6.95 million, 57 Ocean has one remaining penthouse, priced at $35 million.