The Richman Group Starts Construction on Mixed-Use Apartment Community in Downtown San Diego

SAN DIEGO, CA – The Richman Group of California Development Company has started construction on a seven-tale luxury apartment building with 5,841 square feet of ground floor retail space on a 0.57-acre site in Downtown’s East Village. The mixed-use project called F11 will front on the north side of F Street between 11th Avenue and Park Boulevard in the tech/design innovation hub called the I.D.E.A. District.

F11 will feature 99 apartments (11 one bedrooms, 51 two bedrooms and 37 studios), parking for 103 vehicles in a multi-level partially subterranean parking garage and extensive recreational amenities. The project is scheduled to open in early 2018.

Architects DesignARC designed a modified H-shaped building that showcases a large indoor/outdoor activity center on the third floor with a luxurious pool/spa area, entertainment center and outdoor kitchen. Other amenities include a fitness center and indoor bocce ball court.

The development team also includes Nexus Plotting Consultants, landscape architects Wimmer Yamada and Caughey and general contractor Cannon Constructors.

The Richman Group of California, which is partnering with the long-time property owner Shearn H. Platt, is a subsidiary of The Richman Group Development Corp., ranked in the top seven of multi-family apartment owners in the United States. Financing for the $45 million project was provided in part by PNC Real Estate and The Richman Group (TRG).

“Since I grew up here and have spent much of my career in San Diego, I’m delighted to start construction on The Richman Group’s first San Diego project,” said Luke Daniels, the president of The Richman Group of California Development Company, who helped establish the company in January 2014. Daniels was a key member of the development team for several iconic San Diego projects, including Park Laurel overlooking Balboa Park and Mission Hills’ 1Mission, which earned the Gold Nugget Grand Award for best mixed-use project in the Western United States.

The Richman Group of California has developed an impressive portfolio in a small time. This month, the company completed construction of its first project, Ventana, a mixed-use project in downtown Fullerton with 95 affordable apartments for seniors and 3,244 square feet of ground floor retail space, and finished the foundation for Sage, a five-tale apartment community in Cerritos with 132 market-rate apartments and deluxe recreational amenities.

Later this year, The Richman Group of California will break ground on a 23-tale, high-rise apartment tower across the street from the Central Library in Downtown San Diego, at 330 13th Street. The project, designed by DesignARC, and Rob Wellington Quigley, FAIA, of San Diego and landscape architect Spurlock Poirier of San Diego, is plotted for 222 apartments and more than 7,000 square feet of commercial space, as well as an adjoining low-rise building, which will include two penthouses, a restaurant with extensive outdoor seating and a park-like open space corridor.

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New 57-Story Luxury Condominium Tower Set to Rise on Biscayne Bay in Miami, Florida

MIAMI, FL – OKO Group, the Miami-based development company founded by international real estate and hotel magnate Vladislav Doronin, has revealed details about Missoni Baia, the firm’s 57-tale luxury condominium tower set to rise along 200 feet of unrivaled Biscayne Bay frontage.

Located in the quick-growing Edgewater neighborhood of Miami, Missoni Baia is the first-ever branded residences from Missoni, the iconic luxury fashion and design house founded in 1953. In keeping with Missoni’s artisanal heritage, the expert integration of style, craftsmanship and engineering makes for a residential experience of unparalleled quality and a striking edifice that marks its presence on waterfront and skyline alike. The 649-foot-tall tower, located at 777 N.E. 26th Terrace, directly on the water, consists of 146 expansive residences, each with waterfront views, ranging from two to four bedrooms, and 2,500 square feet to 3,700 square feet.

Vladislav Doronin, Chairman and CEO of OKO Group, said: “Over three decades ago, on my first business trip to the US and just before setting up real estate company, Capital Group, I visited Miami and chose that I would one day build in this bright and vibrant city. Missoni Baia represents the ultimate in quality designed by an award-wining architect, Hani Rashid, who has recently been commissioned to design the Hermitage Modern Contemporary Museum in Moscow. The state-of-the-art amenities, influenced by my personal passion for wellness, are unlike any other offered in private residences in Miami. This unique and sophisticated residence, with interiors by Paris Forino, under the Creative Direction of Angela and Rosita Missoni and landscaping by Enzo Enea, located right on the Biscayne Bay waterfront, will be a game changer for the city.”  

Angela Missoni, Creative Director of Missoni, said: “Our design DNA is rooted in aesthetic and technical innovation. That’s just one of the reasons we are thrilled to collaborate with the many innovative and creative individuals on this project. The thought of bringing not just the Missoni vision, but the Missoni lifestyle to a residential project is something I find very inspiring, so when we heard about the concept it seemed like the perfect partnership. I’m looking forward to presenting the world’s first Missoni residential collaboration and celebrating the conviviality and allure of living on the waterfront.”

Hani Rashid, Co-Founder and Design Partner, Asymptote Architecture, said: “Miami is today a globally significant city, and its new architecture needs to reflect and celebrate this coming of age. The architecture for Missoni Baia takes its inspiration from equally gorgeous and pristine sculptural works by the fantastic American minimalist sculptors such as Sol Lewitt and Donald Judd, coupled with the mathematical poetry of the fantastic Venezuelan artist Jesus Soto. These artists celebrated purity, musicality and the eloquence of perfect form, and from that DNA this tower was conceived as a nod to an elegant and new Miami.”

The interior design of the building incorporates Missoni’s trademark colorful design palette and Missoni Home furniture collection in inventive ways, including in all public spaces and amenities. Residents have access to a full suite of lifestyle amenities designed in collaboration with Missoni, offering the comforts of a luxurious resort in a private residential setting. Features include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, five swimming pools including an Olympic-sized lap pool, hot and cold plunge pools, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis courts and an expansive fitness center and spa overlooking the bay. Boasting only three residences per floor each residence is afforded direct access to a dedicated elevator by way of a private lobby.

With only three residences per floor, dedicated elevators with direct access to the apartments, building services include a 24-hour attended lobby, concierge, valet and security. Additionally, each residence will receive two parking spaces in the adjoining garage.

Missoni Baia’s contemporary architecture is the vision of New York-based Asymptote Architecture, led by Hani Rashid and Lise Anne Couture, pioneers in the convergence of technology and art in architecture. The firm is best known for its unorthodox and eye-catching international projects including the Yas Viceroy Abu Dhabi hotel and the upcoming Hermitage Modern Contemporary Museum in Moscow. Missoni Baia is a sculptural tower with an innovative, streamlined, high-performance structure, as evidenced by the aerodynamic super-columns that render the glass façades nearly entirely mullion-free. The fin-like corner columns echo the sails and sleek hulls of super-yachts—a fitting metaphor, given the building’s prominent waterfront setting. Landscaping of tropical plantings and reflecting pools, designed by renowned Swiss landscape architect Enzo Enea, weaves together the indoor and outdoor spaces.

Each of the 146 residences open onto deep, shaded terraces conceived as open-air rooms overlooking Biscayne Bay. Many offer floor-through layouts with multiple exposures and views of the city, the bay, Miami Beach, and the ocean beyond. Three dramatic duplex residences boast expansive private terraces near the water’s edge, while two duplex penthouses feature zero-edge plunge pools overlooking the bay and sculptural glass-enclosed stairs open to the sky above. Interior designer Paris Forino has conceptualized neutral but luxurious backdrops for a broad range of furnishings and art.

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Former HUD secretaries: America's elderly desperately need more affordable housing

(RECAP: Our nation is aging and millions of older adults will struggle to find housing that is both affordable and physically suitable. As co-chairs of the Bipartisan Policy Center’s Senior Health and Housing Task Force, we (Henry Cisneros and Mel Martinez) are releasing a report Monday with a set of recommendations that Congress, the administration and states could implement that would enhance the lives of America’s seniors. The acute shortage of affordable homes forces low-income households of all ages to spend excessive amounts of income just to pay the rent. But, it is particularly tragic when an older adult, often living alone, must forego essentials like nutritious food and medications to pay for housing.)

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