South Florida briefs

Miami Beach condo sets non-oceanfront record: $12.4M

Luxury tower Apogee South Beach set a price record for a non-oceanfront unit in Miami-Dade County: $12.4 million, or $2,985 per square foot.

The 4,154-square-foot apartment shattered the old mark of $10.5 million, or $2,448 per square foot, set late last year — also at the Apogee, a Related Group property.

Carlo Gambino of Douglas Elliman represented the seller and Jill Eber of Coldwell Banker represented the buyer; Gambino declined to disclose the identities of the buyer and the seller.

The record is just the latest in a string for South Florida; in March, for example, developer Ian Schrager sold a pair of adjacent triplex penthouses in his Residences at the Miami Beach Edition for $34 million, the priciest pre-construction deal ever for Miami.

SoFla makes history with Zaha Hadid tower

Miami is getting the first residential tower in the western hemisphere designed by Iraqi starchitect Zaha Hadid. Developers Gregg Covin and Louis Birdman cleared the final hurdle for their $300 million project when they received unanimous approval from the city’s urban design review board.

One Thousand Museum — its address is 1000 Biscayne Boulevard, across from the future Museum Park in the heart of Downtown — exemplifies the sternly futuristic style of the Pritzker Prize–winning Hadid.

The skyscraper will stand at 706 feet; its 60 floors will have duplex townhomes, half-floor residences, full-floor penthouses and a duplex penthouse.

Related pulls out of $1B island yacht complex

The Related Group is walking away from its $1 billion plan to remake Miami’s Watson Island because of what it foresees as a long, nasty approval process.

Related CEO Jorge Perez made his decision only two months after signing on to the project, a mega-yacht complex that has been stalled for a dozen years.

Perez proposed supersizing the complex — a marina, two luxury hotel, homes, shops and a convention center — and spent millions of dollars on the new blueprint.

Both residents and the city denounced the expansion, contending the already crowded MacArthur Causeway can’t handle the increased traffic to the publicly owned island.

Chic retail center gets $301M in largest loan deal since recession

A high-end shopping mall proposed for Miami’s Design District has snagged $301.5 million in financing, South Florida’s largest private loan package since the recession.

Dacra, the real estate development company led by Craig Robins, arranged two mortgages — one for $251.5 million from HSBC Bank, and another for $50 million from BREDS II Loan Holdings, a subsidiary of Blackstone Mortgage Trust, the South Florida Business Journal reported.

The 1.1 million-square-foot center has already inked leases with Louis Vuitton, Cartier, Christian Dior and Prada.