JDS Seeks Minority Equity Investor for Dolce & Gabbana-Branded Brickell Supertall at 888 Brickell
Michael Stern’s JDS Development Group is seeking an equity investor for its planned Dolce & Gabbana-branded supertall at 888 Brickell Avenue, according to The Real Deal. The site is valued at more than $100 million, according to a source cited by The Real Deal, and JDS plans to stay in the deal and is seeking only a minority equity investor, according to another source cited by the outlet.
| Quick facts (according to The Real Deal) | |
|---|---|
| Address | 888 Brickell Avenue, Brickell, Miami |
| Developer | JDS Development Group (Michael Stern) |
| Brand | Dolce & Gabbana |
| Stake sought | Minority equity investor |
| Reported site valuation | More than $100 million (per a source) |
| Capital-markets team | Newmark: Adam Spies, Marcella Fasulo, Hampton Beebe, Avery Klann |
| Planned height | 1,049 feet |
| Planned units | 250 condo-hotel units |
| Architect / interiors | Studio Sofield / M2Atelier |
| Site purchase | $61.2 million, spring 2024 (half-acre site) |
| Acquisition financing | $35.7 million loan from G4 Capital Partners |
The equity raise
According to The Real Deal, the property is on the market with Newmark’s Adam Spies, Marcella Fasulo, Hampton Beebe and Avery Klann, citing marketing materials. The Real Deal noted that The Promote first reported the site was “in play.”
The structure described is a partial recapitalization rather than an outright sale. According to The Real Deal, a source said JDS plans to stay in the deal and is seeking only a minority equity investor. The outlet did not report a target raise amount, a timeline for selecting a partner or the identity of any prospective investors.
The tower plan
According to The Real Deal, JDS plans a 1,049-foot-tall condo-hotel tower with 250 units on the site. Studio Sofield is the architect, and interiors are by M2Atelier, the outlet reported. The project was announced as Dolce & Gabbana’s first residential tower, according to The Real Deal.
The amenity program reported by The Real Deal includes two lobby bars and a pool club, an indoor padel court, a golf simulator, a yoga and Pilates studio, a spa, a theater, a lounge and a lap pool.
The Real Deal describes the planned tower as a supertall. Height, unit count and amenities reflect the plan as reported and could change as the project moves through design, financing and approvals.
The site
JDS paid $61.2 million for the half-acre development site in the spring of 2024, financing the purchase with a $35.7 million loan from G4 Capital Partners, according to The Real Deal. The reported valuation of more than $100 million comes from a source cited by the outlet and is not an appraisal or a transaction price.
For context on other branded projects in the neighborhood, see our Brickell Branded Tower Matrix and our Brickell neighborhood guide. Our coverage of construction financing for Mercedes-Benz Places Miami and the 1428 Brickell buyer’s guide cover other large Brickell projects in development.
What to watch
The Real Deal did not report a construction start or a delivery date for the tower, and Haute Residence has not independently confirmed one. Items to follow include whether JDS selects a minority equity partner, the size and terms of any investment, and whether the design, unit count or brand program change. Haute Residence will update this story when JDS, Dolce & Gabbana or Newmark make an announcement.
FAQs
What is planned at 888 Brickell Avenue?
According to The Real Deal, JDS Development Group plans a 1,049-foot-tall condo-hotel tower with 250 units, branded by Dolce & Gabbana. Studio Sofield is the architect and M2Atelier designed the interiors. The amenity program includes two lobby bars, a pool club, an indoor padel court, a golf simulator, a spa, a theater and a lap pool.
What kind of investor is JDS looking for?
According to a source cited by The Real Deal, JDS plans to stay in the deal and is seeking only a minority equity investor. Newmark’s Adam Spies, Marcella Fasulo, Hampton Beebe and Avery Klann are marketing the opportunity, the outlet reported. The Real Deal did not report a target amount, a timeline or any prospective investor.
How much is the 888 Brickell site worth?
A source cited by The Real Deal valued the site at more than $100 million. That figure is not an appraisal or a sale price. According to the outlet, JDS paid $61.2 million for the half-acre site in spring 2024, financing the purchase with a $35.7 million loan from G4 Capital Partners.