ONE Sotheby’s Visits The Grand Opening of New Affiliate Office in Rome

 

Sotheby’s International Realty recently celebrated the grand opening of their newest affiliate office in Rome, Italy and the ONE Sotheby’s team participated in the festivities. ONESIR CEO and Founder Mayi de la Vega along with agents Liza Lamar and Claudia Fernandez de Pinto had the opportunity to network with colleagues, and also meet with architect Piero Lissoni, who has designed The Ritz-Carlton Residences, Miami Beach. The event was held in a classic Italian villa, and featured a magnificent display of diamond jewelry. Miami’s real estate market was a hot topic at the event, and many affluent European buyers are interested in purchasing properties in our city.

The Sotheby’s International Realty brand continues to grow and expand with affiliate locations in Asia, Europe, North America, Latin America, the Middle East, and the United Kingdom. We look forward to working closely with the new affiliate office and making connecting Italian buyers with the best Miami has to offer.

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ONE Life Spotlight: Stellar Cellars

 

Spring 2015’s edition of ONE Life magazine shines a light on world trends, culture and design as the award-winning, proprietary lifestyle publication of ONE Sotheby’s International Realty. We’re blogging the unique content available in this exclusive publication. The second installation explore what every oenophile knows; that not every fine wine is worth a spot in their cellar. We’ll take a look at some of the blue-chip bottles that are always in demand.

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“Cream always rises to the top,” noted wine critic Robert M. Parker Jr. once observed. He was referring to Bordeaux’s Château Latour, but the adage could be applied to most of the world’s blue-chip wines: the Bordeaux First Growths (Latour, Lafite, Mouton, Margaux and Haut-Brion), Château Pétrus, a handful of white and red Burgundies led by the Domaine de la Romanée-Conti, a few Italian reds and a cluster of cult Cabernets from California.

Over the past few decades, prices for these wines have outperformed almost every stock market on the planet. Consider Château Mouton-Rothschild from the legendary 1982 vintage. When the wine was first released, it sold in the neighborhood of $400 per case. By March 1994, according to Decanter magazine’s Fine Wine Tracker, it had risen to $1,375; in November 2005, it was $6,670. The same case is now worth around $12,000.

The explanation for these skyrocketing prices can be found in the timeless law of supply and demand. Production at the First Growth estates rarely exceeds 20,000 cases annually; each time a locus of new wealth develops around the world, those fledgling millionaires and billionaires seek the same wines as badges of honor. In the case of Château Pétrus, where output seldom exceeds 4,000 cases, competition and prices are higher still. By the time you get to Romanée-Conti, the flagship wine from the Burgundy estate of the same name, only 450 cases are available in an average vintage.

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Little wonder, then, that a superlot of Romanée-Conti recently sold for more than $1.6 million at an auction conducted by Sotheby’s wine division. The lot consisted of six bottles from each vintage from 1992 through 2010, 114 in total. The result wasn’t surprising, considering that a single case of the 1990 had sold for slightly more than $120,000 at auction three years earlier.

Both of the Sotheby’s auctions took place in Hong Kong, the current epicenter of demand for fine wine. Asian collectors have been bidding up the price of Bordeaux and Burgundy for nearly a decade, with Château Lafite-Rothschild emerging as the re- gion’s ultimate prize. Prices have now cooled, but at their peak a case of Lafite from a noteworthy vintage sold for two or three times as much in Hong Kong as in London or New York.

On the surface, then, it would seem that blue-chip wine is the ultimate collectible—but, like any other investment, it has its pitfalls. Someone buying fine wine as an investment needs to have pristine storage conditions (constant levels of temperature and humidity, with backup generators to guarantee the environment). They must be prepared to hold the wine for years and sometimes decades. They must display sound judgment in choosing vintages; a case of 2000 Château Pétrus, for example, is cur- rently worth nearly $36,000, while a case of the 2004 would sell for one-third as much. Above all, they have to realize that constantly accelerating prices are not guaranteed: Ultimately, wine is worth what someone is willing to pay for it.

Choose wisely the next time you bid on a bottle at auction. But even if your wine doesn’t appreciate significantly in price, the good news is: You still have the consolation of drinking it.

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Hottest Wines At Auction:

Not all wine ages well, and only a small fraction tends to have collectible value. Here, a quick guide to some wines that have consistently appreciated over time.

Bordeaux: The First Growths (Lafite, Mouton, Latour, Margaux and Haut- Brion); Petrus, Ausone, Cheval Blanc and Le Pin; Château d’Yquem; most wines from the 1855 Classification

Burgundy: Domaine de la Romanée- Conti; top small growers such as Coche-Dury, Comte Lafon and Domaine Leroy

Rhone Valley: Hermitage la Chapelle from Paul Jaboulet; the single- vineyard Cote-Rotie from Guigal (La Mouline, La Turque and La Landonne)

Italy: Sassicaia; Ornellaia; Solaia by Antinori; Biondi-Santi Brunello; the single-vineyard Barbarescos from Gaia (Sori Tilden, Costa Russi and Sori San Lorenzo)

California: The cult Cabernets (Screaming Eagle, Harlan Estate, Bryant Family, Grace Family); select wines from Araujo, Colgin, Dalla Valle, Diamond Creek, Opus One

Champagne: Vintage-dated Krug, Salon, Dom Pérignon and Salon

Port: The best vintages (1963, 1970, 1977, 1994 and 2000) from the top producers (Dow, Graham, Fonseca, Taylor Fladgate)

Click here to see the full issue.

To subscribe to ONE LIFE Magazine click here.

ONE Sir Presents: Gale Block Party

 

ONE Sotheby’s invites you to join us for a block party at the Gale Boutique Hotel & Residences in Fort Lauderdale Beach! In celebration of one of our latest and highly anticipated projects, we hope you can join us on Thursday, April 30 from 6-10pm for an enjoyable evening! Click here to RSVP.2b855d2b-efcc-493b-aa54-980c93c1c4ef

Interested in learning more about the Gale Boutique Hotel & Residences? Click here.

ONE Sir Presence at Broward Real Estate Forum

 

ONE Sotheby’s International Realty played an integral role in the immense success of Thursday’s The Real Deal Broward Forum & Showcase held at Design Center of the Americas. ONE Sotheby’s, along with our exclusive projects RIVA, Metropica, Gale Fort Lauderdale, and Ritz-Carlton Residences Miami Beach were all sponsors of the event. Each of our sponsoring properties were represented by booths with representatives handing out brochures, answering questions, and networking with agents and brokers.IMG_3394

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Scott Leventhal, Co-Founder of The Trillest Companies and the force behind Metropica as well as Bradley Deckelbaum, owner of Premier Developers responsible for RIVA both participated in the “What’s Next for Development in Broward?” panel discussion.

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Read more about the event from The Real Deal here.

 

 

ONE Life Spotlight: Living Art with Developer Eduardo Constantini

 

Spring 2015’s edition of ONE Life magazine shines a light on world trends, culture and design as the award-winning, proprietary lifestyle publication of ONE Sotheby’s International Realty. We’re blogging the unique content available in this exclusive publication. The first installation will be a look at developer Eduardo Constantini who knows that its not money but art that makes the world go round. This spirit is guiding his newest luxury residence in Miami.

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For Eduardo Constantini, the 68-year-old founder of Consultatio Real Estate and MALBA contemporary art museum in Argentina, everything in life and business begins with art. For a start, the luxurious sales gallery of his new project— Miami’s Oceana Bal Harbour—is adorned with art pieces personally selected by Costantini, including works by Lucio Fontana, Wifredo Lam and Pablo Fonseca.

On a busy afternoon, sales associates work amid the balm of some very accomplished art, as Costantini takes the long view. “To me, art is a constant, in my blood,” says Constantini. “I’ve been collecting for 40 years. Art energizes our buildings. It’s not just a marketing tool, and we’re not in this for the short run. We have a curatorial team, like a museum, and art is integrated into the design of our projects.”

When the famed Argentine developer got involved with his first U.S. effort—the 142-unit Oceana Key Biscayne—he was quick to infuse the building with art. “We included two specially commissioned murals by the Brazilian artist Beatriz Milhazes,” says Costantini, who also lent one of his pieces to Milhazes’ exhibition at the Perez Art Museum Miami, her first solo museum show in the United States. “To me, the real enjoyment is the conception of the project, considering the interaction of the art and the design. Good architecture and art changes people, lifts them up, and that’s an effect you want to create as a developer.”

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The larger, 240-unit Oceana Bal Harbour has an even more ambitious art program. “Oceana Bal Harbour will have more than 10 pieces of museum-quality work in the public areas, along with two Jeff Koons sculptures,” Costantini says, pointing out that all of the art will be “owned by the residents of Oceana Bal Harbour.”

Koons is a truly international artist and ap- peals to Oceana residence owners, who are often art collectors in their own right,” he says.

Costantini himself is a lifelong collector. In 2001, he took his love of art to a new level by donating his entire collection— some 200 pieces—and founding MALBA, a contemporary art museum in Argentina that now houses more than 500 works.

Costantini—who presides over a $3 billion real estate portfolio—comes from humble beginnings. He grew up with 13 brothers and sisters in a town outside Buenos Aires. By 28, he managed to save enough money to pursue a master’s degree in quantitative economics at the University of East Anglia, England, which he received in 1975.

After returning to Argentina, he went into banking for a while before entering the real estate business. Since then, he has spearheaded some of his country’s largest projects— including the development of the Nordelta “city within a city” in Buenos Aires, a planned community with some 30,000 residents and various neighborhoods, schools, a medical center, shopping malls, cinemas, banks, restaurants, sports clubs and five-star hotels— as well as multiple projects in Uruguay. At the moment, he’s developing another planned community in Argentina, Puertos del Lago.

For Oceana Bal Harbour, Costantini worked with some of the world’s top designers. “Our residence owners are citizens of the world, and we’ve assembled an international team for Oceana Bal Harbour,” he says. “Piero Lissoni is our interior designer, and Enzo Enea is creating the landscape design. Bernardo Fort-Brescia of Arquitectonica has done the building itself. Miami has become a global city, and the Oceana team is perfect for a project with global ambitions.”

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Aside from serving as an ideal showcase for contemporary art, Oceana Bal Harbour, which is set back from Collins Avenue, is a thoughtful structure in all respects: The garage is underground, which beautifies and cools the property, and the entire project is LEED certified. The 28-story building is parallel to the ocean and Biscayne Bay, situated on a 5.5-acre site with 400 feet of beachfront. The central breezeway of the building, which connects the ocean and the bay, is 50 feet wide and 60 feet tall. Apart from opening up the property and creating a sustainable out- door meeting space, the breezeway serves as a choice setting for a Koons sculpture, which will be visible from Collins Avenue.

Pluto and Proserpina—one of two Koons pieces for which Costantini put up $14 million—will be displayed in the breezeway’s reflecting pool. Before it lands in its permanent home, the larger-than-life sculpture is traveling the globe as part of “Jeff Koons: A Retrospective.” A centerpiece of the retrospective, Pluto and Proserpina began its journey at the Whitney in New York. The sculpture is on view at Paris’ Centre Pompidou through April 27 before moving on to the Guggenheim in Bilbao in June.

In 2016, coinciding with the opening of Oceana Bal Harbour, Pluto and Proserpina will be unveiled at the condominium, along with another Koons sculpture, Ballerina. (Ballerina will be on display at Costantini’s MALBA in May.)

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For Costantini, giving residents joint ownership of the art collection at Oceana Bal Harbour is a continuation of his belief in the unifying power of contemporary art. “Within Miami, a city that is becoming an art center, we are located within a neighborhood, Bal Harbour, where art is especially important,” he says. “The art collection at Oceana will also establish a sense of community, which is an important aspect of all my projects.”

When architect Bernardo Fort-Brescia became involved with the project, he knew art would be a primary element from the get- go. “Eduardo was looking to create a sister project to Oceana Key Biscayne with major exterior art pieces,” Fort-Brescia says. So Fort-Brescia carefully designed a space that would let the work shine. “From the beginning, we were keen to create a minimalist design solution, going back to the principles of ‘less is more,’” he says. “There’s a conceptual clarity in the creation of simple volumes, and this creates an ideal setting for the exterior artwork.

“The two gently curving towers are connected by a glass bridge,” he continues, “creating a breezeway of monumental proportions. This grand-scale gateway dramatizes the connection between the land and the ocean. The tall and broad arch sits in perfect alignment with an inland linear park, connecting the entrance of Oceana with the Bal Harbour yacht basin. The combined elements of the arch and the park result in an urban design statement of seldom-seen dimensions. And, of course, the gateway is a perfect setting for Jeff Koons.”

To showcase the art and architecture, Costantini and Fort-Brescia relied on Enea Landscape Architecture. The Switzerland- based firm—who is also working on Miami buildings designed by OMA, Zaha Hadid and Enrique Norten—was the perfect choice for Oceana, says Fort-Brescia: “Enzo [Enea] understood the idea of geometric purity and translated it into the landscape. The minimalist approach appears in the pure stretch of lawns and the planning of green areas, spaces that welcome the art at Oceana.” Enea certainly understands Costantini’s vision. “Oceana was designed to celebrate art, and everything—all the colors and textures in the garden—must be curated, a kind of stage for the Koons sculptures,” says the designer.

Landscape Architecture. The Switzerland- based firm—who is also working on Miami buildings designed by OMA, Zaha Hadid and Enrique Norten—was the perfect choice for Oceana, says Fort-Brescia: “Enzo [Enea] understood the idea of geometric purity and translated it into the landscape. The minimalist approach appears in the pure stretch of lawns and the planning of green areas, spaces that welcome the art at Oceana.” Enea certainly understands Costantini’s vision. “Oceana was designed to celebrate art, and everything—all the colors and textures in the garden—must be curated, a kind of stage for the Koons sculptures,” says the designer.

To Costantini, the importance of art at Oceana is a reflection of Miami’s place in the world, both in the realm of contemporary art and in terms of international cachet.

“I read recently that by 2023, Miami will be the number three city in the western world in terms of having a concentrated population of individuals with high net worth,” he says. “We’ll be right behind New York and London.

“I’ve been coming to Miami for 25 years,” he adds, “and bought an apartment here in 2008. It was such a different city 25 years ago. I could not have imagined then what this city would become. But I always trusted Miami—the city of the future.”

Click here to see the full issue.

To subscribe to ONE LIFE Magazine click here.

 

ONE Sotheby’s Sponsors eMerge of Americas

 

ONE Sotheby’s International Realty will be a second-time sponsor of eMerge Americas, a prominent tech conference attended by innovators from around the world. Bringing together some of the world’s top leaders throughout a large variety of industries, eMerge will feature an impressive lineup of speakers including author, Deepak Chopra, musician, Pitbull, and founder of SiriusXM Satellite Radio, Martine Rothblatt. Other panelists are Jim McKelvey, co-founder of Square, Maria Contreras- Sweet, Administrator of the U.S. Small Business Administration, and Julián Castro, U.S. Department of Housing and Urban (HUD) Secretary, among others. The conference will also feature exciting events that include a Hackathon, a Startup Showcase Bootcamp, Fashion Show and much more.

In addition, ONE Sotheby’s will have a booth at the conference displaying our exclusive project, Brickell City Centre- one of the most exciting mixed-use developments being constructed in Miami.

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ONE Sotheby’s Sponsors The Real Deal Forum

 

ONE Sotheby’s International Realty and our exclusive developments, Metropica, Gale Fort Lauderdale, Ritz-Carlton Miami Beach Residences and Riva will sponsor the upcoming The Real Deal South Florida Broward Forum & Showcase. Carrying on the success of The Real Deal Miami event that took place in October, the upcoming forum will be dedicated to the booming Broward County real estate market. The all-day showcase is expected to be packed with top brokers, developers and designers networking, learning about the latest projects, and participating in panels about pressing issues affecting South Florida’s real estate industry. Confirmed panel discussion topics include ‘What’s next for development in Broward County’ and ‘Future of foreign investment in South Florida.’TRD_Broward_WebImage1

The Real Deal South Florida Broward Forum & Showcase will take place on Thursday, April 23 at Design Center of the Americas in Dania Beach.

Click here to purchase tickets.

Introducing The Spring 2015 Issue of ONE Life Magazine

 

ONE Sotheby’s International Realty is pleased to announce that the Spring 2015 issue of ONE Life magazine is now available! This exclusive publication highlights top luxury listings throughout Miami-Dade and Broward counties while exploring popular trends in the luxury real estate market of South Florida and around the world. This year’s release will also include a circulation to WSJ subscribers.

This new issue features articles on the intersection of luxury living and art at Oceana Bal Harbour, exotic vacation guides, fine wine collectibles, and an exploration of the new tropical metropolis – Metropica. You will also find lifestyle articles showcasing haute global boutique recommendations, as well as artists, authors, and chefs in the spotlight.

Make sure to check our blog regularly and keep an eye out for selected articles from this issue that will give an in-depth spotlight exciting new subjects!

Click here to see the full issue.

To subscribe to ONE LIFE Magazine click here.

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ONE Sir to Represent Sales and Marketing for Gale Fort Lauderdale

 

ONE Sotheby’s International Realty has been named the exclusive sales and marketing firm for the Gale Fort Lauderdale Hotel & Condos, a $120 million project from Newgard Development Group. Located at 2900 Riomar Street and 410 Bayshore Drive, the 12-story tower is expected to break ground this summer and open early in 2017. Featuring 96 hotel rooms and 128 condos, guest and residents alike will enjoy the rooftop lounge, gym, spa, 24-hour valet and resort-style pools. Offering condos with up to three bedrooms, units will range in price from $399,000 to over $1.2 million. According to The Real Deal South Florida, President of ONE Sotheby’s, Daniel de la Vega said in a statement, “We are delighted with the addition of Gale Fort Lauderdale Boutique Hotel & Residences to our condo development division portfolio. This project will afford residents a luxury lifestyle and will elevate beachfront living in Fort Lauderdale.”Rv6tYOvz8hDwUrBnlkjTG96AYWr_idgrS8sNA16NKow,Sa1ptvLS4dR761b4e-jDqZxNrnvYgtE4vZw2dHXYxMY

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For more information on Gale Boutique Hotel & Residences, click here

Brokers, to download official assets and renderings click here

 

Investing Trends Amongst Ultra High Net Worth Individuals

 

UHNW buyers are increasingly investing in “trophy” properties in global gateway cities according to a recent report from Wealth-X and UBS. The world’s wealthiest 1% are currently snatching up trophy properties in globally significant cities, rather than countries. In fact, the study indicates that the average billionaire owns four properties globally, most of which are outside their primary country of residence.

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This proves that UHNWI are no longer solely focusing on traditional items like superyachts or art when looking to invest. Rather, they’ve elevated luxury real estate to the top of their list for investment efforts. There is no better city than Miami for this category of wealth-building endeavors. Offering value, tropical climate and starchitect driven projects, our communities continue to attract international interest.

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Read more about this trend-worthy topic from Wealth-X. Contact our ONE Sotheby’s international Realty development division to learn more about our exclusive South Florida projects which encompass the most internationally sought-after developments through Miami Dade and Broward. The ONE SIR portfolio of strong residential trophy properties also offers unparalleled opportunities to own your own piece of architectural cache and luxury. We look forward to sharing our exceptional listings with you.

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