Playing into the senses of Chad Oppenheim and Shlomy Alexander’s Modernity
We borrow from nature the space upon which we build. – Tadao Ando
Miami has been synonymous with modernism ever since architects like Morris Lapidus and L. Murray Dixon descended upon South Beach during the art deco era. Current-day Miami is home to numerous equally talented architects, including a handful—such as Bernardo Fort-Brescia, Kobi Karp and Rene Gonzalez—whom the Magic City can proudly call homegrown.
Yet, as this stunning property suggests, few have a flair for blending modernism with monumentalism quite like Chad Oppenheim. Set in the exclusive estates section of Bal Harbour, 252 Bal Bay Drive is a new-build, eight-bedroom waterfront estate sprawling over 14,000 square feet. Along with a private dock and translucent infinity-edge pool, the home comes with a pair of indoor tropical gardens, as well as a second-floor art gallery, all for a purchase price of $36 million.
It turns out that convincing billionaires to invest millions in luxury real estate is not the easiest sell.
In big cities across the US, glass skyscrapers and sprawling spec homes that broke ground to fanfare just years ago are now standing with empty units left to sell. Some have said there has been a slower influx of foreign capital thanks to economic instability abroad. Meanwhile, stricter regulations on all-cash, anonymous real-estate purchases — a favorite of foreign investors — have been introduced, potentially throwing some cold water on the luxury real estate boom of recent years.
As demand for multimillion-dollar properties has fallen in recent months, developers are leaning increasingly on flashy extras to attract buyers. Here, we've rounded up some of the most extravagant perks we've seen lately.
The Alexanders wanted to build a home that embraced the duality of Miami’s subtropical setting, both its growing urbanity and its natural beauty. They approached architect Chad Oppenheim, who had also designed his own waterfront Miami home. ‘I’ve learned a lot by living in a house that I designed,’ he says. ‘You have to create the most incredible space possible.