From Porsche to Palate: Miami’s Luxury Condo Scene Embraces Culinary Stardom

In a city where branded residences already feature car elevators and fashion house finishing touches, Miami’s latest luxury development is betting on the power of gastronomy to attract ultra-wealthy buyers. Jean-Georges Miami Tropic Residences, the first-ever residential project from legendary Michelin-starred chef Jean-Georges Vongerichten, is set to redefine luxury living through the lens of culinary excellence.

The 48-story architectural masterpiece, rising in Miami’s coveted Design District, represents a bold departure from the automotive and fashion-branded towers that have dominated the city’s luxury real estate landscape. While the Porsche Design Tower made headlines with its innovative sky garages and Dolce & Gabbana’s upcoming project promises haute couture living starting at $3.5 million, Jean-Georges is betting that the way to a luxury buyer’s heart is through their stomach.

“The evolution of branded residences in Miami reflects a deeper understanding of what today’s ultra-high-net-worth individuals truly value,” says Douglas Rill, veteran Florida broker at Century 21 America’s Choice. “It’s no longer just about the name—it’s about the lifestyle experience that name represents.”

A Recipe for Success

The numbers suggest the timing couldn’t be better. Miami-Dade County’s luxury condo market has shown remarkable resilience, with sales of units priced over $1 million surging 122.2% this August compared to 2019 levels. The Jean-Georges project, with prices starting at $1.6 million, enters a market where branded properties command significant premiums.

The development, a collaboration between Terra and Lion Development Group, promises 329 meticulously crafted residences ranging from one to four bedrooms, plus select penthouses. But it’s the 41,000 square feet of amenity spaces that truly set this project apart. The crown jewel? A ground-floor restaurant complex spanning 27,500 square feet, where Vongerichten will blend his various culinary concepts into a singular dining experience.

Beyond the Plate

“This isn’t just about putting a celebrity chef’s name on a building,” explains David Martin, CEO of Terra. “We’re creating an ecosystem where culinary excellence informs every aspect of daily life.” The amenities read like a wish list for the gastronomically inclined: a private dining room with indoor-outdoor flexibility, a chef’s kitchen for resident use, and a sophisticated bar and lounge space.

But perhaps most telling of the project’s ambitions are the unexpected touches: a podcast recording studio, wellness facilities including cold plunges, and even a squash court—suggesting that while food may be the central theme, the development aims to satisfy all aspects of a luxury lifestyle.

The Business of Branded Luxury

The Jean-Georges project joins an increasingly crowded field of branded residences in Miami. Mercedes-Benz, Cipriani, and Aston Martin have all planted their flags in the city’s skyline. Meanwhile, Bentley Residences is under construction in Sunny Isles Beach, with units starting at an eye-watering $5.6 million.

“Not everyone will be able to say they live in a Jean-Georges tower,” notes Juan Arias, CoStar’s director of market analytics. “That exclusivity, combined with the genuine lifestyle integration the brand represents, allows developers to command significant premiums.”

Looking Ahead

With groundbreaking scheduled for summer 2025 and completion targeted for 2027, the Jean-Georges Miami Tropic Residences represents more than just another branded development—it’s a bet on the future of luxury living. As traditional luxury brands continue to enter the real estate market, this culinary-focused approach might just prove to be the secret ingredient Miami’s high-end market has been waiting for.

For Vongerichten himself, who has built an empire of over 60 restaurants globally, including the two-Michelin-starred Jean-Georges in New York, this represents a natural evolution. “This project embodies my vision of combining culinary excellence with lifestyle spaces,” he says. And in Miami’s competitive luxury market, that combination might just be the perfect recipe for success.

Photo via Miami Tropic Residences

From Bulgari to Porsche: Branded Residences Are Flooding the Prime Market – and Selling

In 1927, the Sherry-Netherland apartment hotel marked a milestone as the world’s first “branded” residence on New York’s Fifth Avenue. Leveraging the reputation of the popular Sherry’s restaurant, the property, with its Gothic minaret and elegant apartments, made waves in the realm of luxury real estate. Fast forward almost a century… and here, the category of “branded” residences has experienced a significant increase, growing by about 150% in the last decade. Today, the landscape boasts over 700 branded residential developments, totaling over 100,000 homes in various stages of completion or planning globally, according to WATG Strategy. And a doubling of the sector’s size is expected by 2027, fueled by increasing interest in established markets like New York, Miami, London, Dubai, as well as in emerging markets like Oman, Poland, and Guyana.

What distinguishes recent years, besides the exponential growth of the sector, is the variety of brands eager to participate, particularly in the luxury segment. In addition to traditional hotel companies, fashion and jewelry houses like Armani, Roberto Cavalli, Fendi, and Bulgari, along with car manufacturers like Porsche, Bentley, and Aston Martin, have entered the arena. Chris Graham, founder of Graham Associates, defines a home with these designer labels as a “trophy purchase.” For both consumer companies and real estate developers, such collaborations prove advantageous for both parties. Recognizable brand names can command premiums on high-end developments, even in the most competitive markets. Edgardo Defortuna, president and founder of Fortune International Group in Miami, emphasizes the tangible impact of these brands, not only in terms of premiums but also in accelerating the sales processes. Historically, hotel companies have dominated the development of branded properties, constituting approximately 84% of the sector.

The expertise of hoteliers in the development and management of properties aligns well with the concept of residences as long-term versions of short-stay hotel rooms. Hospitality brands continue to be attracted to real estate, with Peninsula, Aman, and Rosewood making significant strides. Peninsula Residences London, with a reported sale of a penthouse for around $123 million to hedge fund magnate Ken Griffin, showcases the allure of these developments. Aman reported sales of branded residences totaling $2.4 billion in 2022, and Rosewood Residences has expanded its pipeline by over 200% in the last two years. Contributions are also expected from Mandarin Oriental, Six Senses, Equinox, and Faena. However, the shift to branded residences without adjacent hotels is not without challenges, as providing exclusive services and amenities solely for residents can result in higher maintenance costs. The market becomes more intricate for non-hospitality brands venturing into residential development. Companies like Jacob the Jeweler, Nobu, and Casa Tua, originally renowned for their expertise in jewelry, sushi, and Italian cuisine, are becoming lifestyle brands with real estate projects. Miami, a hub for international buyers and a city ranked among the top for branded developments, is experiencing an eclectic boom. Luxury automobile brands like Bentley Residences, Aston Martin Residences, and Porsche Design Tower are making significant strides, offering unique amenities like the futuristic “Dezervator” elevator in the Porsche tower.

Porsche and Aston Martin are targeting their enthusiasts, offering exclusive deals like a limited-edition Aston Martin Vulcan race car with a $59 million penthouse in Miami. As these brands enter the residential development space, they emphasize maintaining the aesthetic and craftsmanship associated with their luxury vehicles. Bentley’s first residential project, scheduled to open in 2026, aligns with the brand’s commitment to sustainable luxury. By 2030, Bentley aims to sell 100% electric cars, targeting a more progressive audience interested in sustainability. In New York, the third-largest market for branded residences globally, Aman exemplifies the trend with ultra-luxury residences, a five-star hotel, and a private club within a beautifully restored Art Deco building. This integrated approach, offering top-end buyers every imaginable indulgence under one roof, indicates a growing desire for security and confidence in markets where wealth is still relatively new.

Source: Robb Report
Photo: Bentley Residences

Case quartiere Palm Beach

Redefining Luxury Living: Branded Real Estate’s Ascendance in Miami and Beyond (Source: The New York Times)

Exploring a 10-mile stretch along the enchanting Miami coastline reveals a plethora of opulent shopping opportunities. However, it’s not haute couture or luxury cars that shoppers are taking home with them; they are securing homes with prestigious labels. The market for branded real estate is experiencing an impressive surge. According to a report by Knight Frank, global real estate consultants, the demand for luxury condominiums bearing renowned names is expected to grow by 12 percent annually until 2026. Just as purveyors of blue jeans and handbags have long recognized the allure of a prominent label, property developers now understand its significance. In virtually every major city, prospective homeowners can peruse residences offered by well-known hospitality brands such as Four Seasons, Aman, and Ritz-Carlton. Surprisingly, more unconventional brands are now venturing into this trend, with luxury car and fashion couture companies eyeing condos as their next frontier. In the tranquil enclave of Sunny Isles Beach, nestled within Miami-Dade County, some of the prominent towers boast illustrious names like Porsche Design Tower, Residences by Armani Casa, and the upcoming Bentley Residences. By 2026, the Bentley Residences will soar into the sky, featuring an exterior adorned with recessed glass in Bentley’s iconic diamond-in-diamond quilted design, instantly recognizable to aficionados of the esteemed British automaker. All of these remarkable developments share a common visionary: Gil Dezer.

For over a decade, he has been quietly placing his bets on this moment, expanding his brand partnerships as Miami’s real estate values continued to climb. “Today’s automobile brands aspire to be more than just cars; they aim to establish themselves as lifestyle brands,” remarks Mr. Dezer, who first joined forces with Porsche in 2012. “This sentiment extends to everything, from golf clubs to sunglasses, and we were fortunate to be at the forefront of this evolution in real estate.” The New York Times reports that Mr. Gil Dezer, the scion of the Dezer Development empire in South Florida, has played a pivotal role in marrying two seemingly disparate worlds: real estate and automobiles. The Dezer Development, owned by his father, Michael Dezer, commands an impressive presence, boasting ownership of nine towering structures sprawled over nearly 30 acres of prime Miami oceanfront real estate. Simultaneously, Michael Dezer is renowned as a zealous car collector, housing a staggering fleet of approximately 1,800 vehicles, many of which are exhibited within his privately owned automotive museum. In contrast, Gil Dezer’s personal collection, totaling 32 cars, is relatively modest. Nonetheless, he wholeheartedly embraced the family business, standing at the intersection of two passionate pursuits: real estate and cars. While the Armani brand may seem a tad unusual in this context, the concept of auto-branded buildings harmonizes seamlessly with Dezer Development’s vision.

The Dezer family has already carved a niche in branded real estate, with Gil Dezer being the first developer to secure a licensing agreement with Donald Trump. This collaboration resulted in the construction of six Trump-branded towers. Notably, Mr. Dezer openly supports the former President, even choosing to hold his wedding ceremony at Mar-a-Lago in 2007. However, the early 2010s marked a change of course for the company when they ventured into a licensing agreement with Porsche, a pioneering move for the company. Mr. Dezer recognized that for the project to thrive, he needed to think beyond conventional boundaries. “Porsche doesn’t exactly correlate with real estate,” he remarked. The Porsche Design Tower, which broke ground in 2014 and welcomed residents in 2017, exudes the same sleek, high-octane masculinity that characterizes the car shows Mr. Dezer frequented as a child with his father. The building itself lacks a dedicated pedestrian entrance. Instead, visitors are greeted by a graphite-hued archway bearing the inscription “Porsche Design” in the iconic Porsche 911 font. Upon arrival, residents can either park and enter the airy lobby adorned with the same bronze, red, and black hues as Porsche’s logo or opt for a more unique experience: driving their vehicles into the building via the patented car elevator known as the “Dezervator.” This innovative elevator, which conveniently deposits cars behind a glass wall in front of each unit, was heralded by Stefan Buescher, the CEO of Porsche Lifestyle Group, as a standout feature. He stated, “It was a natural continuation to transfer our unique design principles to the world of real estate.”

Creating the Porsche Design Tower was a substantial financial investment, with Mr. Dezer allocating $480 million to the project. Of this considerable sum, he estimates that roughly ten percent was dedicated solely to the creation of the Dezervator. Nonetheless, he views this expenditure as entirely justified. Initially, the idea stemmed from the notion of parking a Porsche, Lamborghini, or Bugatti in one’s living room. However, the concept evolved, with buyers increasingly attracted to the privacy that these units offered, circumventing the inconveniences associated with condo living, particularly for prominent individuals. The allure of brand recognition played a pivotal role in attracting buyers like Juan Pablo Verdiquio, a Miami-based real estate developer. In 2017, he acquired a three-bedroom unit in the Porsche Design Tower. His roster of neighbors now includes iconic figures like Lionel Messi, Alicia Keys, and Swizz Beatz.

With a personal penchant for Porsche cars, which extends to his Taycan and his wife’s Panamera Turbo, Mr. Verdiquio viewed this condominium as a symbol of quality in Miami’s competitive real estate market. “There are thousands of new apartments built each year here, so going with a brand I knew felt like a way to preserve the long-term value,” he explained. “From a financial sense, I really liked that it was branded with Porsche.” Carlos Rosso, a luxury Miami developer, observes a growing trend among homebuyers who are increasingly swayed by the logic that brand association elevates the value of their real estate investment. “We are all in the same market for buyers, and we are all trying to differentiate our products,” he noted. “Every residential building needs to tell a story, and branding is a way to not have to explain what a building is all about. You’re associating yourself with a brand that’s already familiar.” As the head of Rosso Development, Mr. Rosso is currently focused on The Standard Residences, Midtown Miami, a 12-story condominium tower that aims to captivate buyers by harnessing the distinctively audacious ambiance of the Standard Hotels. These hotels are perhaps best known for their West Hollywood iteration, where lithe, sun-kissed models lounged in a plexiglass box behind the front desk.

In 2014, Mr. Rosso joined forces with Mr. Dezer on Residences by Armani Casa, a 56-story condominium tower located in close proximity to the Porsche Design Tower. This opulent building, which opened its doors in December 2019, reflects the design sensibilities of the legendary Giorgio Armani himself. From the tapestries and textiles to hand-selected furnishings, every detail exudes an opulent femininity. Muted floral wallpaper, curved furnishings in taupe and gold – it’s a stark contrast to the Porsche Design Tower’s millionaire-meets-man-cave vibe, with its sharp edges and bold primary hues. Turning his focus to the upcoming Bentley Residences Miami, Mr. Dezer anticipates breaking ground later this year on the site of Miami’s Thunderbird Motel, a historic structure from the 1950s that was demolished in June. This 62-story oceanfront building is poised to elevate the luxury experience by featuring four Dezervator elevators, garages capable of accommodating three to four cars, and private outdoor swimming pools attached to each of the 216 units.

Ocean-view residences will also boast outdoor showers. Common areas will include a Macallan Whisky Bar, a restaurant by Todd English, and a cigar lounge. Units are priced between $5.5 million and $35 million, catering to those seeking an exclusive and distinctive living experience. Ian Reisner, Vice President of Dezer Development, emphasizes the unique nature of these offerings. “People are looking for something unique,” he noted. “There’s not a million Porsches up and down the block — there’s only one. Now we’re going to do even better with Bentley.” For serious car collectors desiring to merge their passion for automobiles with luxury housing, Miami presents several alluring options. The Aston Martin Residences, located in downtown Miami, is a prime example. Currently under construction and scheduled for completion by the end of the year, this 391-unit development is nearly entirely sold out. The 66-story tower boasts a distinctive, gleaming curved sail shape, with units starting at $6.5 million and ascending to $59 million for the triplex penthouse, which includes a rare $2.3-million hypercar, the Aston Martin Vulcan.

The development touts itself as “A car made into a skyscraper,” aiming to embody a timeless, James Bond-approved zeitgeist. According to the developer, German Coto, it will be appreciated by those who value a unique luxury lifestyle. This trend is not confined to Miami alone. On Jumeira Bay Island in Dubai, the Bulgari Lighthouse, a 27-story tower with a distinctive undulating facade inspired by coral, is under development by the luxury watchmaker Bulgari. Lamborghini, which previously attempted a branded residential property in Dubai without success, is now making a renewed effort with planned developments in Egypt, Brazil, China, and Spain. Renowned Lebanese fashion designer Elie Saab has lent his design expertise to residences in London and Dubai, while the late Karl Lagerfeld’s iconic design sensibilities are reflected in five villas on Marbella’s Golden Mile. All these developments, according to Clelia Warburg Peters, Managing Partner of Era Ventures, a tech-based real estate venture fund, cater to the wealthy elite and reflect the notion of living in name-brand playgrounds. As the housing market remains competitive, this trend is expected to gain further traction.

“We’re living in a new Gilded Age, and there’s a lot of rich people,” she observed. In the past, prime location was the primary way to differentiate high-end assets. However, with prime locations becoming increasingly limited, developers should not be surprised if more unconventional brands endeavor to carve their niche in the residential real estate arena. “I don’t think anyone wants to live in the Coca-Cola building,” Ms. Peters mused. “But would I be surprised if Restoration Hardware introduced their own line of homes? Absolutely not. This is one of the most significant areas of growth in the real estate industry.”

Villa by Major Food Group: Elevating Miami’s Skyline with Unparalleled Luxury Living and Gastronomic Delights

In a world where luxury living knows no bounds, the concept of branded residences has transcended the realm of opulent hotels and expanded into diverse domains. Renowned fashion houses such as Diesel and Missoni, alongside prestigious automakers like Porsche and Bentley, have ventured into the creation of residential towers that embody their brand essence. Now, a celebrated name in the hospitality and culinary scene is stepping into this extravagant arena. As the demand for integrated residential communities gains momentum, a discerning segment of buyers with a penchant for the finer things in life seeks to marry their upscale living with gourmet experiences within arm’s reach. Enter Major Food Group (MFG), the culinary powerhouse behind iconic establishments frequented by celebrities, including Carbone, Sadelle’s Parm, Dirty French, and Contessa. MFG is poised to make its foray into the luxury real estate landscape with the unveiling of “Villa,” a residential tower in the vibrant heart of Miami.

Collaborating with esteemed developers Terra and One Thousand Group, as well as the creative genius of Vicky Charles from Charles and Co. for interior design, MFG is set to redefine luxury living. Vicky Charles, a renowned interiors expert and former design director at Soho House, boasts an impressive portfolio that includes homes for luminaries like Mila Kunis, Ashton Kutcher, and David and Victoria Beckham, as well as projects for industry giants like Sony and Goop. Villa will majestically rise 58 stories above Biscayne Bay, offering an unrivaled 360-degree panorama of Miami‘s captivating skyline and waterfront. With its distinctive copper-hued exoskeletal design, this 650-foot-tall crystalline tower is a work of architectural art, housing a mere 50 exclusive units, each occupying an entire floor. Every facet of these residences, designed to evoke the essence of private villas in the sky, has been meticulously curated by the visionaries at Major Food Group. For instance, the kitchens bear the signature touch of chef Mario Carbone, the creative mind behind Carbone restaurants, while services and amenities have been conceived by MFG’s co-founder, Jeff Zalaznick. Zalaznick comments, “To say that this is a natural evolution is an understatement. At MFG, we don’t merely construct restaurants; we craft immersive worlds where every element is executed with an unparalleled sense of luxury and expertise, right down to the minutest detail. Coupled with our illustrious track record of collaborations with the crème de la crème in the realms of hotels, architecture, design, and art—innovators who comprehend the art of conceptualizing holistic experiences.”

The allure of Villa extends beyond its residential marvel. A three-floor MFG restaurant, exclusively designed for this project, is set to redefine culinary experiences, while private lounges, bars, and restaurants reserved for residents will indulge the most discerning palates. A private chef service adds a personalized touch to gastronomic delights. In total, Villa boasts over 20,000 square feet of amenities, promising an array of culinary activations and programming. Expect cooking classes and demonstrations featuring MFG’s roster of skilled chefs, among other enticing offerings. David Martin, CEO of Terra, sums it up succinctly, stating, “The Villa is a transformational project. It brings together the brightest minds in their respective industries to create a building marked by an unparalleled residential experience. MFG’s resounding success in the hospitality sector endows them with an unparalleled understanding of consumer needs, and this attention to detail is seamlessly integrated into every facet of the Villa brand.”

Source: Forbes


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