Exclusive beachfront property to capture resort lifestyle in trendy South of Fifth neighborhood

Alison Antrobus, principal of Miami-based Antrobus Design Co., has been appointed the lead designer for Ocean House, a luxury beachfront property in South Beach’s trendy South of Fifth neighborhood. A veteran designer of the area, Antrobus has provided the vision behind several of the neighborhood’s penthouse hideaways and fashionable restaurants including Prime 112, Prime Italian and Prime Hotel, among others. With experience rooted in all aspects of interior design, architecture, sculpture, painting and fashion design, Antrobus will visually and experientially transform Ocean House into a warm and sophisticated environment reflective of its unique location.

“In this real estate market of multi-residential buildings, we as a community are moving away from the warmth of neighborhoods and our connection to nature as homes grow closer to the sky, away from backyards and gardens,” says Antrobus. “It is my intention to reclaim that sensibility and offer amenities that conjure the emotions of privacy, comfort and relaxation associated with that feeling of ‘arriving home.’’’

The announcement comes after iStar Residential unveiled plans for a multi-million dollar redesign of the interiors and common areas of the property, incorporating protected historic structures and a new seven-story beachfront residential condo with modern and sophisticated design elements. Featuring fewer than 30 private residences within two historic towers and a newly constructed seven-story condo, Ocean House will capture intimate, resort-like living, and capitalizes on its unparalleled location with 18 beachfront homes, including several penthouses exceeding 6,000 square feet. Completion is projected for spring 2012.

Antrobus’ vision will convert the atmosphere of the public spaces of Ocean House from a multi-residential property into that of a private beachfront home. She states, “My concept was to take the program of a luxury residence and apply it to the common areas of the building; for example, make the pool deck feel like a pool within a garden, and make the lobby feel like a living room.” Ocean House will feature a living room with a cascading staircase, library, billiard room, screening room, and a wine room; each of which will be infused with a sense of history through the use of an eclectic array of furnishings and finishes, and will be set against a neutral color palette of twilight- and ocean-inspired greens and grey blues. Historic elements of the façade and the terrazzo floor of the original lobby will be preserved in a nod to the former Villa Luisa, formerly known as the Walburne Hotel, built in 1946.

Ocean House’s outdoor living environments will be transformed into private gardens and courtyards with the use of lush tropical foliage. While large hedges along the south, west and north will provide a sense of intimacy and exclusivity from neighbors, an ocean deck featuring an infinity pool, elevated pool cabanas, plush sun beds and entertainment grounds, including a gourmet outdoor kitchen, will boast panoramic views of the Atlantic Ocean and South Beach’s sands (mention the gourmet outdoor kitchen).

The property will feature world-class amenities, exclusive services and perks that offer residents a resort-like experience in a gracious, residential setting. Features include a private beach club, state-of-the-art gym and spa facilities, beachfront pool with sunning beds and private cabanas and richly appointed entertainment areas, as well as 24-hour security, butler and valet services. Ocean House residents will also enjoy preferred access to local businesses including renowned restaurants, salons, child and pet care, among others, to provide residents with personalized on-demand benefits.

About Alison Antrobus

Alison Antrobusis the principal of Miami-based Antrobus Design Co. Internationally recognized for her interior design accomplishments, Antrobus and her projects have been published in several notable publications, including Architectural Digest, Architectural Digest Italia, Metropolitan Home, Hospitality Style and Cool Restaurants Miami, among others. She has been a guest on CNBC’s The Big Idea with Donny Deutsch, and her products have been featured on NBC’s Today. Along with developing an exclusive line of furniture, Antrobus is currently working on her first book about design. In addition, Antrobus is making a mark in the world of fashion with her revolutionary, patented handbag invention—The Antrobus Bag, available at antrobusluxurygroup.com.

Consequently, Antrobus is highly sought after for her professional acumen. She was invited to open the Miami office of the internationally acclaimed property and design firm Yoo, while appointed as Senior Designer for the Icon Brickell project in Miami. She has also been a consultant for international luxury watch brand Philip Stein on several of its products and was hired to design the company’s first flagship store in Cozumel, Mexico and booth at the prestigious Basel Watch Fair in Geneva.

Alison earned a Bachelor’s Degree in Architecture and Interior Architecture at Rhode Island School of Design.

About iStar Residential

iStar Residential is one of the largest investors in luxury condominium, multi-family and master-planned residential developments throughout the United States, having financed and invested in $10 billion worth of such projects since 1993. Its portfolio includes interests in more than 18,000 condominium units in the nation’s top markets, as well as 65,000 acres in master-planned communities with the potential to support an estimated 50,000 single-family and multi-family units. The company’s unique, fully integrated platform extends from property entitlement and development to construction, bridge and long-term financing through asset servicing, property and portfolio management. iStar Residential is a division of iStar Financial, a $9 billion finance and investment company focused on the real estate industry and traded on the New York Stock Exchange under the symbol “SFI.” For more information, visit istarresidential.com.

LUXURY BEACHFRONT PROPERTY IN TRENDY SOUTH OF FIFTH NEIGHBORHOOD OFFERS PRIVACY AND SOPHISTICATED COMFORT AT THE OCEAN’S EDGE

Developer iStar Residential (residential real estate arm of iStar Financial) has created an intimate setting with 18 beachfront homes, including several penthouses exceeding 6,000 square feet. Ocean House captures intimate, resort-like living in the city’s idyllic South of Fifth neighborhood. The property’s limited availability, backyard oasis of sand and ocean, and easy access to South Beach’s renowned culture and nightlife make Ocean House one of the world’s most desirable addresses.

A multi-million dollar redesign by designer Alison Antrobus will preserve Ocean House’s historic integrity – original structure built in 1946 — with completion projected for early 2012. The property will feature world-class amenities as well as exclusive services and perks that offer residents a unique, customized experience in a gracious, residential setting. Features include a private beach club, state-of-the-art gym and spa facilities, beachfront pool with sunning beds and private cabanas, e-concierge and richly appointed entertainment areas, as well as 24-hour security, butler, wine room with resident vintner and individual wine lockers for residents, and valet services. Ocean House residents will also enjoy preferred personalized on-demand benefits including access to renowned restaurants, salons, child and pet care, among others.

To request additional information, contact Cervera Real Estate at the Ocean House Sales Office at 305.763.8171.

About iStar Residential:

iStar Residential is one of the largest investors in luxury condominium, multifamily and master-planned residential developments throughout the United States, having financed and invested in $10 billion of residential projects since 1993. iStar Residential’s portfolio has included interests in over 18,000 condominium units in the nation’s top markets and 65,000 acres in master planned communities having the potential for an estimated 50,000 single family and multifamily units. The Company’s unique, fully-integrated platform extends from property entitlement and development to construction, bridge and long-term financing through asset servicing, property and portfolio management. iStar Residential is a division of iStar Financial, a $9 billion finance and investment company focused on the real estate industry and traded on the New York Stock Exchange under the symbol “SFI”. For more information, visit www.istarresidential.com.