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Craig Robins is the real estate maverick lauded for rejuvenating Miami's
fallen neighbourhoods. Betty Liu talks to him about his biggest project
yet and his passion for low-rise development.
There is very little that is understated in Miami's South Beach area
with its cacophonic mix of bawdy bars, colossal luxury cars and
bikini-clad women.
Now the developer who helped shape this beach community is building a
Mecca to the moderate - a place where the brash youngsters of South
Beach would find themselves later in life with families and careers.
That is AQUA, an as-yet unbuilt gated community on Allison Island just
north of South Beach, which is as much an ode to modernist architecture
as it is to that growing American yearning for "community". All 8.5
acres are being developed by Craig Robins, the property maverick lauded
for rejuvenating Miami's fallen neighbourhoods, including the Design
District.
But it is also a subtle affront to other property developers in Miami
and property companies elsewhere in the US that have skinned the land to
erect ever-higher condominiums, which Robins and his architects complain
mar the landscape.
"I want to prove that low-rise is more beautiful than high-rise," Robins
says in his spacious headquarters near the beach. To prove the point,
one of his architects, Walter Chatham, opens an issue of Ocean Drive
magazine to an advertisement for a luxury tower condominium, which
prominently displays a half-dressed woman in the foreground. "What does
this have to do with selling condos? This ad's a self-parody of real
estate in South Florida," Chatham says.
Indeed, neighbourhood associations had objected to plans by two other
developers for the former hospital site, which would have built the very
towers Robins detests. He only obtained approval from the associations
and the city by presenting the AQUA concept and demonstrating his past
commitment to constructing original, aesthetically pleasing buildings
rather than standard, profit-driven ones.
In creating AQUA, Robins and his team of architects from New York and
Miami are letting the clean lines of the four-story houses, with their
panoramic views of the palm tree-lined streets and ocean, attract
residents. Elevators within each home will take residents to their
limestone-tiled living rooms, pear wood kitchens with Bulthaup taps, or
wraparound balconies.
In describing one of his own buildings, Chatham fills in the blanks:
"You can imagine the tropical setting, you can have friends over and
head up to the terrace for the evening sunset . . . " and soon, one can
almost feel the ocean breeze and the sublime tartness of frozen
margarita.
"Every one of them is going to have a roof garden and each one is going
to be designed by a different architect so you won't have the same
houses on each block," Robins said. "In typical developments, the
backyards always face the water. Here, the ocean is going to be shared
by everyone. In this place, all the streets end at the water - no matter
where you are, you'll always see water."
That, Robins insists, will encourage interaction as people stroll or jog
on the ocean's edge, building a sense of community. "This is about
building a neighbourhood and about doing it in a way that's real," he
proclaims. Along with the 46 houses, which range in price from $800,000
to $3m, the project includes three low-rise apartment buildings set back
from the rest of the homes.
AQUA marks the most expensive project for Robins at $125m, underlining
how quickly the Miami property market has risen. It was only in the late
1980s that Robins took $20,000 and bought two buildings in South Beach,
then a desolate area of drug addicts and hollowed out Art Deco hotels,
beginning the transformation that eventually drew in celebrities,
business tycoons and designers such as the late Gianni Versace.
Robins claims Versace fell for South Beach after staying at the Marlin
Hotel, one of his properties, prompting the fashion designer to purchase
a property on Ocean Drive. Robins also sold one of his hotels to Gloria
Estefan, the Latina pop music singer, and her husband, Emilio.
Miami Vice (the television show) gave visual images of this place first.
Then you had the fashion catalogue business which drew in the young,
beautiful people but nobody else," Robins explains. "Then the art crowd
moved in, then the international playboy types and so, finally, you had
art, fashion and people. It's become a jet-set place."
It is clear Robins is no ordinary property mogul, stretching out on a
blue couch sipping a mix of Perrier and apple juice while being
interviewed. His affinity for design as art, which is a theme in each of
his projects, is evident throughout the office of his development
company, Dacra, from the chairs upholstered in cherry-red rope to the
straw-stuffed couches.
Robins himself describes Dacra as more a creative company with a focus
on property. The company has experimented outside property, publishing
children's books and creating marketing campaigns for the state
government.
Robins' fascination with art is most obvious in the Design District,
where he has bought 20 buildings for more than $25m. The projects there
include one building called the Living Room which will literally look
like an oversized living room from the outside, complete with concrete
furniture, to the passer-by.
"We're more a creative company that expresses itself through real estate
projects," he explains. "We're not working in the conventional model of
a real estate company." Rather than acquire singular buildings, Robins
purchases clusters of properties, then builds a neighbourhood.
"If you go in and acquire a lot of property . . . you can appreciate the
value of the whole neighbourhood," he says. As proof, Robins notes that
South Beach property prices have risen between 10 and 20 times since he
first invested there in 1987.
For AQUA, Robins gained inspiration from visiting places such as San
Francisco and Berlin, where he saw a "consistent modernist style of
architecture" throughout the German capital. He borrowed the vertical
lifestyle of people in San Francisco, whose steep hills have created
houses where living rooms are on third floors for the better views and
bedrooms are on lower levels.
"I want residents, when they're looking across the street, to have an
incredible view of rich and beautiful architecture," Robins says. "I
want the same thing that happens to Americans when they go to Europe and
say 'Wow' at all the buildings. That's a much better view than the one
you get from a 30-storey building."
Copyright: The Financial Times Limited
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