I asked Jim Cohen and Javier Llunch about the new Glasshaus condominium going up on 27th Avenue.
For more than 20 years Jim Cohen has been a leader in the luxury residential real estate industry. As the Senior Vice President of Development Sales for Fortune, Jim leads all sales efforts for the firm’s entire development marketing portfolio (both domestic and international) including Fortune’s own developments as well as third-party developments. G.D8 with Element Development LLC, are the developers of Glasshaus condominium on SW 27th Avenue in Coconut Grove.
Javier Lluch has successfully developed and managed real estate projects, properties and investment funds from Florida to Illinois for almost two decades, including partnerships with some of the largest U.S. real estate firms, articulating real estate investment transactions close to a billion dollars. While working for Citigroup and Morgan Stanley, Mr. Lluch negotiated and established important institutional relationships in the U.S. and Latin America, managing relationships worth upwards of a billion dollars of investment funds.
Glasshaus offers very intimate and private residences, home to only 23 owners. Pricing starts at $595.000.
I asked Jim if he felt that the Glasshaus was one of their luxury collection, for which Fortune is known.
“Absolutely. Familiarize yourself with Daniel Ribeiro, Brazilian co-developer for Glasshaus and a few of his developments recognized for their innovative designs and emphasis on ultra-luxury residential projects. GD8 has been honored by FIABCI International Real Estate Federation with the prestigious Prix D’ Excellence award,” said Jim.
I asked Javier Lluch what made him choose Coconut Grove for his latest project.
“Coconut Grove is strategically situated in a pivotal location within Miami, offering prime real estate property for residents who enjoy walking to a bohemian village, waterfront parks and playgrounds also to include Dinner Key Marina, the city’s largest marina. Lifestyle the neighborhood calls for walking distance to the heart of the village, bay front parks and playgrounds, sailing and yacht clubs, art galleries, museums, gourmet restaurants, street side cafes and lounges playing live music with on-going community events and festivals coupled with its close proximity to Downtown Miami, Brickell, Key Biscayne and South Beach, were key factors in choosing Coconut Grove as home to Glasshaus Residences,” said Javier.
G.D8 with Element Development LLC, the developers of Glasshaus, own several properties in the Grove where they will develop similar boutique style buildings in the future.
Javier has lived in Coconut Grove for the last 20 years. Coconut Grove is his home, “where my family resides and I am currently raising my children,” he said.
He went on, “Coconut Grove is a hidden treasure offering a unique lifestyle, few other neighborhoods in the city can compare to. Founded by yachtsmen, made famous by artists best described as casual wealth, flip flops and Maserati’s offering an urban core lifestyle in one of the few walkable waterfront parks the city has to offer.
“A neighborhood like no other where you will find luxury high-rise bayfront towers, smaller intimate boutique style buildings and million dollar homes adjacent to charming private cottages coupled with high end hotels, sailing and yacht clubs is very unique to the Coconut Grove community.
“My favorite thing about Coconut Grove is its natural beauty and vegetation the neighborhood offers; oak trees, pelicans and peacocks roaming the streets of our amazing bayside village in an ecological friendly community.”
A special feature of Glasshaus is the exotic Zen Garden located on the ground level where their Garden Villa Lanai’s and glass to ceiling fitness center is located, it capitalizes on the natural beauty and charm the Grove has to offer, an amenity exclusive to Glasshaus residents enjoying the beauty of the Grove while relaxing in the privacy of their home.
Ground breaking is December, 2017. The estimated completion of project is Q4 2018.
Here is the deposit structure:
20% at Contract (Now)
20% at Ground breaking (Estimated 4th Quarter of 2017)
10% at Top Off
50% Balance at Closing (Estimated 4th Quarter of 2018)