Watch: Monaco Yacht Club & Residences And The Rebirth Of North Miami Beach

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Haute Residence held a special webinar on the ongoing rebirth of the north Miami Beach area, highlighted by the currently under construction Monaco Yacht Club & Residences that will house 39 waterfront residences and a private, 12-boat slip marina.

Haute Living's April Donelson hosted Matthew Barry, Managing Director at Optimum Asset Management USAEdgardo Defortuna, President and CEO of Fortune International Group, and Thomas Mooney, Director of the Planning Department in the City of Miami Beach. Watch the webinar below.

The conversation included a detailed presentation of the fine living to be soon experienced by a select number of buyers at Monaco Yacht Club & Residences, which is being developed in collaboration with two of the top names in design, Piero Lissoni and Arquitectonica.

"One of the highlights of anywhere in Miami Beach is the views. Every unit has the West view across the Intracoastal Waterway," said Barry. He added his personal experience as he detailed the unparalleled landscapes found at Monaco Yacht Club & Residences. "We are fortunate to have a wide Bayview so it is not only unobstructed with the water, it is unobstructed because of the single-family homes and the islands across from us. Having had the privilege in my own life to live in Miami Beach on both, the bay and ocean sides, my wife and I prefer the bayside. More activity, boating, and a lot more happen during the day on the bayside, and then at night after sunset. You get to see the city of Miami come to life, and the dynamic architecture and lighting of the city is always interesting and attractive."

Defortuna and his team at Fortune have presented the Monaco Yacht Club & Residences virtually during the quarantine. "We have a wonderful team of agents," he said. "When we were ready to open the sales center, they couldn't really get the personal touch and the personal feeling (with buyers) due to quarantine restrictions, so we delivered more of a digital presentation." The sales gallery is now open at 6897 Collins Avenue, just a short walking distance from the property site.

He also spoke about the smart investment that buyers will gain. "In comparative values , we are very attractive and, on top of that, you can have your boat docked right at your doorstep. The prices are going to adjust and, I think that being the pioneers in this area for this quality building, the buyers that are going to buy here are going to really see significant increases in their price."

As a distinguished public servant with a career spanning more than 30 years, Mooney spoke expertly about the City of Miami Beach and the different steps and regulations that have been taking place to develop and reenergize the North Beach area (approximately 69th Street to 72nd Street south to north, and Indian Creek Drive to Collins Avenue east to west). "The key here was to develop a more consistent and holistic set of development regulations that strive to create a walkable, 24-hour town center area. The goals of the area were to not just spur development, but to also spring the right type of development."

Join Haute Residence for our upcoming webinar:

Thursday, June 11th at 3PM EST / 12PM PST

Three of the leading Compass real estate agents from the New York and New Jersey area to talk about the latest in their markets and the industry. REGISTER.

To watch more webinars by Haute Residence featuring top real estate developers, brokers, agents and industry insiders, visit

Monaco Yacht Club & Residences webinar - Thomas Mooney, Matthew Barry, Edgardo Defortuna

Top: Thomas Mooney, Matthew Barry. Bottom: Edgardo Defortuna

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