Jason Halpern’s New York-based firm, JMH Development is set to announce the start of its second project in the South Florida area. According to Halpern, the Three Hundred Collins, a condominium building with 19 units based in Miami Beach’s neighborhood, South of Fifth will launch its sales in early March. The project will be a five-story building based at 300 Collins Avenue and Thomas Juul-Hansen will design it. This will be the architect’s first Miami-based project. The popular designer-architect has made several designs in New York like the One57 interiors, 11 Beach Street in Tribeca and 505 West 19th Street.
Three Hundred Collins Plans
According to Halpern, the Three Hundred Collins plan consists of units from the second floor to the fifth and the first floor will include an amenity area and lobby while the parking will be behind it. The local project architect will be Charles Benson. The units will have one to four bedrooms and include three penthouses and four two-storied “duplex” condos which will be priced from $1.2 to $9 million. The units will measure from 1,000 square feet to about 3,700 square feet. It is expected that the condos are expected to average about $1,500 for every square foot and the penthouses on the 5th floor will be $2,200 for every square foot. The exclusive agents handling the sales and marketing of the project will be the ONE Sotheby’s International Realty.
Additional features of the project include extensive terraces and 1,500 square-rear yards for the four two-story units. The units will be “column free” with some having 18-foot ceilings that will be soaring. The floors will be made of wide-plank white oak wood, marble kitchens and bathrooms that will be custom designed by Juul-Hansen. Jason Halpern stated that they were thorough with the project’s design and it will not be like the typical condo development in Miami. Amenities on the project will include a rooftop deck including cabanas, a 75-foot pool and a fitness center. JMH invested $13 million for this site and expects to deliver the project by mid-2017.
About Jason Halpern
Jason Halpern is JMH Development’s founder and managing partner. He comes from a third generation of a real estate company that holds over 50 years of a great track record. JMH has led in the acquisition and subsequent developing of a number of pioneering, innovative and historically significant buildings. Mr. Halpern is not like the other developers as he has a niche and passion for developing in historic districts. He ensures that he builds a good rapport within all the cities that he develops which is one of the historic aspects of his company. Respect for the community they develop is a long running guiding principal for both Jason and the company. He also allots his personal resources and time to a number of charitable causes in the community.
New York has become the type of city that has managed to keep more and more people moving to the area. TOWN Residential plays a big part in doing this. More people are checking out the luxury spots and this has made it easier for TOWN to offer up housing that some celebrities and wealthy business men and woman desire. The core of the business for TOWN is in Manhattan. This is an upscale area in NYC that draws a lot of people that are interested in quaint restaurants and great job opportunities. Manhattan is the most populated borough in NYC, and that gives TOWN a lot of different homes and apartments to show potential clients.
There are a lot of people on the TOWN Residential team that have been able to help people find homes. Real estate agents like Gia Williams, Jean Kwon and Lisa Dub have been able to make a lot of people happy. There are certainly lots of properties to consider, and the uniqueness of these properties will fit a lot of different personalities.
TOWN can help anyone that is looking for an opportunity to move to NYC. The thing that has given TOWN Residential an edge is the number of developments that are listed. There are developments like Forsyth on the Upper East Side that people can find information on early. The Circa in Central Park has 38 condos for people to consider. These new developments have made it easy for people to start making plans for new properties that they may have some interest in. There is often a waiting list for some properties in New York. That is why it is good to have these types of real estate companies like TOWN. People that are moving to Manhattan can be plugged into all of the new developments that are on the way. That gives them a chance to decide if they want to wait on some of these new developments.
A large majority of people that move to NYC are finding out that this really is the city that never sleeps. There always seems to be some plans underway for new properties. TOWN has become one of the most successful real estate companies because it is linked a successful team of agents that sell luxury properties. It is the type of company that is able to connect potential home buyers to luxury homes.
The real estate market in Brazil has been strong for the last four years, but this year has been different. The economic meltdown that the country is experiencing is putting pressure on Brazil’s middle-class and the real estate market is suffering because of it. But the interesting fact about Brazilian reals estate is 1 percent of the population owns and controls more than half of the land in the country. Brazil is considered one of the most unequal places in the world when it comes to land distribution. Some Brazilians must still pay a tax to wealthy families in certain parts of Rio because families like the Orleans-Braganza family, which happens to be the name of the old Brazilian royal family, still get a royalty on certain parcels.
That real estate tax system is called enfiteuse, in Brazil, and many of the prominent real estate companies in Brazil don’t like it. Companies like Cabral Garcia Empreendimentos try to stay away from property that was once owned by the royal family or any other extremely wealthy Brazilian family that is due a tax based on the enfiteuse law. Cabral Garcia Empreendimentos manages an assortment of properties in Brazil, and they have been successful in not paying unnecessary taxes because of that antiquated real estate law.
Cabral Garcia Empreendimentos list of properties is impressive, and the company continues to add new residential and commercial properties to their stable of properties even though the commercial real estate market has been suffering this year. The Residential market is not much better because Brazilians are having a difficult time getting loans. Interest rates are out of control, and banks are only lending money if there is ample collateral. Cabral Garcia Empreendimentos doesn’t have that problem, so the company continues to expand in spite of the economic and political issues in the country.
Some scholars say the enfiteuse system started in Rome centuries ago and was introduced to Brazil during the colonization of the country in the 1500s. At that time, all land was considered the property of the royal family and that system has remained intact ever since then. Cabral Garcia Empreendimentos stays away from properties in districts like Copacabana and the city of Petropolis for that reason, but have still continued to develop in the West Zone. Petropolis was the summer home of the royal family and everyone that owns real estate there must still pay a tax to the descendants of the former Brazilian rulers.