Chic has a New Address... From the Company That Put `South of Fifth' On the Map; One Miami - A Project by Visionary Developer Jorge Perez and his Related Group of Florida.

Business Editors/Real Estate Writers

MIAMI--(BUSINESS WIRE)--Aug. 22, 2002

Will Bring Dynamic Urban Lifestyle to Downtown Miami 

After sparking the renaissance of Miami Beach's chic "South of Fifth" neighborhood with a string of successful luxury condominiums, along with earning a reputation as one of the nation's most successful residential developers, Jorge M. Perez, has turned his unique and discerning eye toward transforming downtown Miami.

One Miami, the first new luxury residential project in downtown Miami in more than two decades, will play a pivotal role in turning downtown into a true 24-hour city, according to Perez, founder and chairman of The Related Group of Florida.

"With its exceptional bayfront site and dramatic signature lighting, One Miami will be a soaring tribute to Miami's bright future at the crossroads of the Americas," said Perez. "By attracting young, urban professionals, One Miami will be instrumental in bringing a new 'live, work and play' lifestyle to downtown Miami."

Designed by internationally acclaimed Arquitectonica, One Miami's two magnificent 44 and 45-story residential towers will rise in tribute to the city's energy and vibrancy.

Situated where Biscayne Bay meets the Miami River, One Miami will offer its residents a unique combination of waterfront and cityscape views, exciting floor plans with "state-of-the-art" technological features, fine European cabinetry, outstanding amenities and unit finishes, in an ideal central business district location, enhanced by The Related Group's trademark quality construction.

One Miami joins a long list of successful, innovative and cutting-edge projects by this renowned developer. Perez's world-class reputation has brought instant credibility to One Miami, a project soon to be recognized as the catalyst of the residential renaissance of downtown.

As architects and builders were carving Miami from the land at the end of the 19th century, the Miami River was the hub of development. It was there that Royal Palm Hotel was built and, during the winter season of 1897, its doors opened to America's "royal families" - the Rockefellers, Goulds and Vanderbilts.

Located on the site of the formal gardens of the Royal Palm Hotel, Perez and the One Miami team are bringing Miami back to its roots and establishing downtown as a vibrant center for living, working and playing for future generations.

Reservations are now being taken for One Miami's condominium residences.

"This is an exceptional opportunity to enjoy all the advantages of a waterfront downtown lifestyle," said Alicia Cervera, who is managing sales for the property.

Within walking distance of the American Airlines Arena, home to the Miami Heat, and the new Performing Arts Center, along with newly planned restaurants and clubs in the area, Cervera said, "One Miami becomes the final piece of the puzzle to make downtown Miami an exciting place to live, work and play. One thing is for sure, commuting is transformed from a frustrating and harrowing experience to a pleasant stroll down a tree-lined avenue."

The One Miami site will be developed into a residential enclave that will offer its residents two pools, a business center, fitness center, tennis and a landscaped bay walk, lined with majestic palms. Security features will include a 24-hour, manned gatehouse.

In addition, a fine dining restaurant adjacent to the river and an indoor-outdoor cafe style restaurant are planned along a luxurious baywalk promenade which will be open to the public.

One Miami's "smart" residential units will be pre-wired for HDTV, DirecTV, high-speed Internet access and security systems. The units will consist of studios; one, two, and three-bedroom layouts; and lower and upper penthouses.

For more information and to end your commute, contact Alicia Cervera at the One Miami sales office at 305-373-3500.

About The Related Group of Florida

Founded in 1979, The Related Group of Florida is a totally integrated development organization. The company has achieved continuous profitable growth in all periods of the real estate cycle and has successfully combined innovative development expertise with creative real estate financing and a disciplined approach to property management. Central to its success, the company has developed strong working relationships with several of the largest and most respected financial institutions in the country. The Related Group has developed other signature residences including The Mark on Brickell, Murano, Ocean I and II, Portofino and Yacht Club at Portofino. For more information, visit www.relatedgroup.com.