Novo Lifestyle June 2024

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NOVO NOVO LLifestyle ifestyle

HAMPTONS

MIAMI

NEVADA

LOCAL
NYC NYC
LOCAL HAPPENINGS:
HAPPENINGS:
HAMPTONS
MIAMI
ON THE MARKET ON THE MARKET TECHNOLOGY TECHNOLOGY SUMMER TRAVEL SUMMER TRAVEL ARTS & ARTS & ENTERTAINMENT ENTERTAINMENT IINTERNATIONAL NTERNATIONAL NEW DEVELOPMENTS NEW DEVELOPMENTS GLOBAL: GLOBAL:
NEVADA FEATURED FEATURED LISTINGS LISTINGS
JUNE 2024 JUNE 2024 Magazine Magazine

M A G A Z I N E

Dear Clients,

We are excited to share our June newsletter which features updates on local events in NYC, Miami, and Las Vegas, along with insights into new international developments Additionally, you will find valuable information on travel, health and wellness, technology news, and current mortgage rates.

Best Regards,

Vol. XXI

FOOD & DINING FOOD & DINING

HAMBURGER AMERICA

PIZZA FUNHOUSE

The Serafina team has rebranded their Serafina Express location in Greenwich Village as Pizza Funhouse, a bright red and yellow restaurant You can grab a slice to-go, or sit down for a whole pie and a meatball parm

The heart of Pizza Fun House's menu is focused on influences from Roman, American, and Neapolitan pizza styles The team conceived a specific dough using a combination of Antimo Caputo Chef's 00 Flour and American flour, which is meticulously crafted with a special prefermentation process that excludes salt.

Hamburger expert George Motz serves one of the most talked-about-burgers in town He recently teamed up with the team behind Schnipper’s to open this sunny yellow luncheonette with a burger “America deserves.” Beyond the smash burger and Motz Burger (with fried onions) available, there’s the off-menu Chester, as well as wedges of pie, coffee, and chocolate chip cookies

SAN SABINO

The team behind Don Angie has opened a seafood-filled follow-up offering whimsical Italian dishes like pepperoni carbonara and head-on shrimp Parm Eater critic’s visited the restaurant during opening week and called its menu a flavorful “rollercoaster ride”

NEW DEVELOPMENT NEW DEVELOPMENT

MANHATTAN & BROOKLYN

MAVERICK chelsea, NYC
BROOKLYN TOWER
MANDARIN ORIENTAL RESIDENCES OLYMPIA DUMBO
Brooklyn, NY
Brooklyn, NY
THE GREENWICH BY RAFAEL VINOLY New York, NY

NYC PRIDE

NEW YORK NEW YORK

Sunday, June 30, 2024, starting at 11am

New York City's Pride celebrations began in 1970 after the Stonewall Uprising, evolving into an annual civil rights demonstration known as The March. It originated as a political protest against anti-LGBT policies and attitudes

NYC Pride 2024's theme is "Reflect Empower Unite " Events will celebrate the LGBTQIA+ community and mark the 55th anniversary of the Stonewall Uprising, as well as the 40th anniversary of Heritage of Pride

THE NYC FATHER'S DAY GUIDE

Honoring your dad on Father's Day in New York City involves treating him to a meal at a great restaurant, selecting a thoughtful gift based on his interests, and planning fun activities together. Personalized gifts and quality time are key to creating lasting memories and showing appreciation. SEE FULL LIST HERE

SPORTS & ENTERTAINMENT SPORTS & ENTERTAINMENT

DIVISION DIVISION

MIAMI MIAMI

CATCH MIAMI’S NEW GLAMOROUS NEW ART DECO INSPIRED OUTPOST

Under new ownership, the popular seafood restaurant makes its return to the 305

Catch, a renowned seafood restaurant, is reopening in Miami Beach on May 10 under new management by Catch Hospitality Group The opulent 23,000 square feet venue features indoor and rooftop dining areas with a design inspired by Miami Beach's history, incorporating 1920s elements and Mediterranean Art Deco influences.

WYNWOOD PRIDE

Miami recently embraced World Pride celebrations with Wynwood Pride, aiming to create an inclusive Pride event in the city Wynwood Pride offers music and performance-driven festivities for various age groups and underserved communities The event spans World Pride Month with panels, parties, and performances in June, including a kick-off party at Arlo Wynwood and a drag festival

NEW DEVELOPMENT NEW DEVELOPMENT SOUTH FLORIDA

OLARA RESIDENCES

West Palm Beach, FL

ANDARE RESIDENCE

Fort Lauderdale, FL

LA MARE - SIGNATURE COLLECTION

Bay Harbor Islands, FL

CONTINUUM CLUB & RESIDENCES

Miami, FL

MR. C RESIDENCE

WEest Palm Beach, FL

TRAVEL TRAVEL

A HAMPTONS-MALDIVES MASHUP IS COMING TO THE CARIBBEAN

Luxe hotelier Banyan Group is teaming up with developer RAV Bahamas Ltd. to create a lavish playground on the isle of Bimini, 30 minutes from Miami.

Street South is getting its Hamptons, and it’s not West Palm Beach

Developer Rafael Reyes, owner of Rockwell Island Development Group, is building an oasis on the Bahamian island of Bimini just 48 nautical miles off the Florida coast to serve the increasing number of moneyed professionals that call Miami home

US AIRLINES FORECAST RECORD 2024 SUMMER TRAVEL, UP 6.3% OVER LAST YEAR

A group representing major US airlines forecast record summer travel with carriers expected to transport 271 million passengers, up 63% from last year

Airlines for America said Tuesday that US carriers plan to fly more than 26,000 daily flights this summer, up nearly 1,400 over 2023, or 56%, when they carried 255 million passengers The summer travel season forecast is for June 1 to Aug 31

Wall

THE HAMPTONS THE HAMPTONS

EAST HAMPTON BRACES FOR ZERO BOND

A public meeting in East Hampton discussed Zero Bond's interest in leasing the Hedges Inn, opposed by Mayor Larsen The upscale Zero Bond establishment, frequented by celebrities, raised concerns about changing the serene ambiance of the area Residents, including former deputy mayor Ken Lipper, expressed worries about potential disruptions to the peaceful setting READ MORE HERE

ANNUAL HAMPTONS INTERACTIVE BRUNCH

Saturday, June 22, 2024 11:00 AM 3:30 PM

Hamptons Tastemaker Vanessa Gordon will host the invitation-only 5th Annual Hamptons Interactive Brunch at a private estate in the Hamptons.

The event will benefit the charity Francesco’s Foundation, whose mission is to promote hope and prevent teen suicide Guests will savor gourmet tasting and beverage stations, shop at designer trunk shows, receive complimentary beauty and spa treatments, explore a curated gifting suite, and mingle at an iconic address in New York’s renowned summer destination - The Hamptons As in year’s past, several boldface names are expected to attend as featured guests A select number of tickets will be available for purchase.

PURCHASE HERE

OLD WESTBURY, NY OLD WESTBURY, NY

6 POLO DRIVE

This captivating Stone Colonial located within the Polo Estates of Old Westbury is set privately behind gates, and far back on over 3 acres of immaculate property, featuring expansive patios, with inground pool and tennis court. Incredible flow and utmost attention to detail throughout the entire floor plan of the home, featuring hallways from one end to the other, formal living room with high soaring ceilings and walls of windows, 2nd floor landings and balconies, formal dining room and spaces for enjoyment and entertainment, first floor bedroom and guest wing, primary suite with 2 primary bathrooms, an elevator that can transport you from lower level (filled with gym, family room, theatre, etc,) up to the top floor, and much more!

Maria Babaev - Luxurylongisland.com VIEW PROPERTY

GREENWICH, CT GREENWICH, CT 545 INDIAN FIELD ROAD

This stunning waterfront Georgian Colonial in Mead Point Association offers breathtaking views of the Long Island Sound Built in 2014, the home features timeless architecture, luxurious finishes, and a sophisticated design The primary suite includes a spa-like bath and balcony Outdoor amenities include multiple seating areas, pool, dock, beach, and cove for various activities Contact for more information

6 baths 6 Beds 1.6 ACRES

$49,500,000 Price 12,500 sqft

Beds
ACRES
Price
6 baths 6
3 26
$7,500,000

NEVADA NEVADA

VIVA LAS VEGAS! WORLD-LEADING CHEFS HEAD TO THE US CITY FOR UNIQUE 50 BEST SIGNATURE SESSIONS DINING EVENTS

Featuring many of the greatest chefs on the planet, ranging from Daniel Humm and José Andrés to Elena Reygadas and Ana Roš, the 50 Best Signature Sessions series, presented in partnership with Resy and American Express, arrives in Las Vegas this June. Teams from 25 restaurants will be involved in one-timeonly collaborative dining experiences – open to the public – as part of the wider programme surrounding The World’s 50 Best Restaurants 2024, hosted in Las Vegas for the first time FULL SCHEDULE HERE

ON THE MARKET ON THE MARKET

77 Bleecker Street, 726

1 BED | 1 BATHS | LOFT | $1,175,000

duplex loft, you’ll be welcomed by an entry foyer adorned with arched doorways, a nod to the building’s rich history Every aspect of the meticulous renovation was carefully considered, from the updated plumbing and electrical systems to the inclusion of Forbes and Lomax light switches throughout

220 Riverside Drive, 5T

2 BED | 2 BATH | 1,136 SQFT | $1,675,000

Presenting a spacious two-bedroom, two-bathroom residence with 11-foot ceilings, South and North exposures, a windowed foyer with tree-top views, herringbone hardwood floors, a pass-through kitchen with granite countertops, and stainless steel appliances

NEW DEVELOPMENT NEW DEVELOPMENT INTERNATIONAL

RETRO CHELSEA

LONDON, UNITED KINGDOM

6

THE BELLAMY

London E14

ROCCO FORTE PRIVATE VILLAS Sicily, Italy SLS INFANTAS RESIDENCE Madrid, Spain ONE GREEN WAY RESIDENCES Quinta Do Lago, Algarve, Portugal

MORTGAGE RATES MORTGAGE RATES

MORTGAGE RATES ARE BACK ABOVE 7%—WILL THEY DROP AGAIN IN 2024?

Industry experts forecast a gradual decrease in mortgage rates in late 2024, but recent projections have been adjusted upwards Fannie Mae initially predicted rates to drop to 58%, now adjusted to 64% The Mortgage Bankers Association also revised their rate prediction

READ FULL ARTICLE HERE

Experts predict varying conditions for the average 30-year fixed-rate mortgage in 2024:

Freddie Mac: Rates will stay above 6.5% through this quarter.

Fannie Mae: Predicts an average rate of 6.6% for 2024, dropping to 6.1% in 2025.

Lawrence Yun (National Association of Realtors): Expects rates to be between 6% and 7% for most of the year due to high budget deficit and persistent inflation

Mortgage Bankers Association (MBA): Forecasts an average rate of 67% in Q2, ending 2024 at 64%

Matt Vernon (Bank of America): Anticipates rates will remain elevated due to economic resilience and inflation, with a possible first rate cut in December, but still below 7% in the coming months

Dr. Lisa Sturtevant (Bright MLS): Predicts initial rate volatility with a drop to 62% by Q4 2024

Yelena Maleyev (KPMG Economics): Expects rates to remain close to 7% for the spring home-buying season, with potential rate cuts at the year's end and significant declines occurring in 2025

Jack Macdowell (Palisades Group): Sees limited rate cuts in 2024, with rates unlikely to drop below 625%

Overall, most experts anticipate mortgage rates to stay between 6% and 7% in 2024, with potential for slight declines towards the end of the year

VISIT OUR WEBSITE VISIT OUR WEBSITE M. Monica Novo M. Monica Novo Licensed Associate R E Broker Associate R.E. 917-699-9227 917-699-9227 MN@Elliman.com MN@Elliman com Top 3% Nationwide | Member of Knight Frank Top 3% Nationwide | Member of Knight Frank 1B+in Residential Sales Residential Sales N O V O C O L L E C T I V E A Team at Douglas Elliman Real Estate NEWYORK ✧ HAMPTONS ✧ FLORIDA ✧ CALIFORNIA ✧ INTERNATIONAL

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