Monica Venegas: Featured Power Broker of Miami’s Luxury Real Estate
By Angela Betancourt
Photography by Korey Davis
It’s hard to deny that Miami is experiencing a boom in the ultra luxury real estate market. This year the Wealth Report, issued by the London-based real estate consultancy firm Knight Frank, placed Miami in sixth place of the most important global cities for the wealthy.
The demand for the Miami lifestyle and its growing influence on the world stage is attracting wealthy buyers and investors seeking the best money can buy.
At the forefront of this growth is the Venegas International Group, a Miami-based international boutique real estate company that specializes in luxury acquisitions, project development, marketing, and property management services. Venegas International Group also provides guidance on risk assessments and portfolio diversification.
The company was founded by real estate power house Monica Venegas who has spent the last 20 years successfully connecting real estate investors with high-end residential properties.
Venegas has worked with high-profile developers in South Florida including the Terra Group, the Related Group, Millennium Partners, and the Château Group. Additionally, she’s offered pre-construction access to iconic buildings like Portofino Tower, Murano at Portofino, Icon South Beach, 900 Biscayne Bay, Trump Hollywood, Four Seasons, Château Beach, and Fendi Château Residences, among others.
Her expertise in luxury residential, commercial, and international real estate has resulted in more than $3 billion in sales.
“International buyers come to Miami looking for a lifestyle, and price is not the main factor,” said Venegas. “Rather, branded developments with service, design, amenities and location are the components that drive these elite buyers most. They want to know who is behind the project.”
Most recently, Venegas International Group was entrusted with the launch, marketing, and sales of the new Fendi Château Residences in Surfside, which is slated to be completed for the summer of 2016.
Venegas reports that the condominium is already 90% sold as of July. This much-anticipated project is the fashion house’s first luxury branded real estate property in the world. Its extravagant units range from $7 million to $25 million.
“Fendi Château is the first Fendi Residences worldwide. It’s a boutique building with 58 flow-through private residences in 300-lineal feet of ocean front.”
When complete, residents will enjoy amenities such as an attaché lifestyle with white glove service, amenities such as a private restaurant, kids club, screening room, a spa with an indoor European thermal pool, doorman, and much more.
Venegas International Group was also responsible for the sold out Château Beach Residences in Sunny Isles Beach. This stunning 33-story ocean front property has 84 units priced from $1.5 million up to $25 million for the 9,050 sq ft, two-story penthouses. Some of the post amenities include a wine lounge, cigar bar, and indoor and outdoor wellness facility, and a private swimming pool.
She has been part of the success of these two properties, consulting developers with her expertise in the marketing and sales of developments. With this, the success of these two properties doesn’t really come as a surprise to Venegas. She has seen Miami’s real estate market evolve over the years.
“I’ve been a part of Miami’s history. Miami was once a small town and now it’s a cosmopolitan city on the world’s radar,” said Venegas. “As a result, Miami has become one of the fastest growing real estate markets in the world and there is an increasing number of clientele looking for the high-end lifestyle.”
Thus, the Venegas International Group has worked hard to expand its global presence to meet the demands of international investors from new markets.
“Europe used to be a strong market. Now the Middle East and Asia, especially China, are the markets that are most looking to invest in both residential and commercial real estate. Over the past seven years, we’ve paid a lot of attention to those markets. I have a very strong commitment with the Chinese particularly in Beijing and Shanghai. I go there 3-4 times a year,” she said.
Over the course of the next several years, Venegas International Group plans to continue building a strong presence in China and further expand their services into new markets. Locally, the firm has expanded their services with the recent launch of their Sports, Arts, & Entertainment Division and partnership with tennis marketing company Premier Tennis. The two new ventures further cements Venegas International Group as an industry leader in Miami and the world.
Venegas International Group Is located at 888 Biscayne Blvd, Suite 111, Miami, FL 33132 (786) 567-4122
For more information on Venegas International Group, please visit www.venegasinternationalgroup.com