This month, we’re featuring a beautiful summer rental in Sagaponack, perfect for a peaceful Hamptons escape, along with an exciting new development in Miami blending luxury living with strong investment potential.
As we move into summer, inventory is starting to rise, but new listings typically slow down through Labor Day. If you’re thinking about selling, now is the ideal time to capture early summer interest.
Don’t miss our top picks for new restaurants, art openings, and summer events across NYC and the East End. From waterfront dining to outdoor concerts, there’s so much to enjoy right now.
Warmly,
F O O D & D I N I N G
OBVIO
From the creators of Casa Cruz, Obvio is located in Nomad. However, unlike its Upper East Side counterpart, this new venue is not a members-only club Instead, it functions as a cocktail bar infused with clubstaurant elements, featuring giraffe-print walls and chevronpatterned carpeting. Begin your evening with caviar sliders, and don't forget to indulge in cinnamon churro fries from the “Happy Endings” dessert menu before you head out
QUICK ETERNITY
Quick Eternity recently debuted at the South Street Seaport in the Financial District, offering Schneider’s modern take on a historic seaside whaling tavern The bar’s name is inspired by chapter 41 of Moby-Dick, where the peril of hunting the Sperm Whale is described as leading to a "quick eternity"
CARIÑITO
A Michelin-recognized taquería from Mexico City, known for its bold Southeast Asian twist, is opening its first New York City location as a six-month pop-up at 86 University Place in Greenwich Village Cariñito, celebrated for its adventurous pop-ups in cities like Paris, London, and Singapore, is making its muchanticipated NYC debut with a menu tailored to local tastes One of the highlights is the Cariñito Crunchywrap, a crispy, chili-infused tribute to the beloved late-night Taco Bell classic. Another standout is the What She's Having Taco, a Katz's deli-inspired pastrami brisket creation that playfully nods to *When Harry Met Sally*
This magnificent 4,682square-foot residence at 565 Broome SoHo presents a flawless combination of elegance and contemporary luxury. Featuring 10-foot ceilings and beautiful 6-inch wideplank white oak flooring, this bright four-bedroom home includes five bathrooms and one powder room. It offers stunning panoramic views of Midtown and the historic charm of SoHo, f i b th th d
$85,000 (Two Weeks) $85,000 (Two Weeks)
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Set on 1.2 acres near a serene reserve, this 8,000 sq. ft. home features 7 bedrooms and 6 baths across three levels. Highlights include a grand foyer, formal living and dining rooms, a spacious great room, and a chef’s kitchen with high-end appliances. The primary suite offers a sunlit dressing room and a spa-like bathroom. The lower level includes a home theater and additional bedrooms. Outdoors, enjoy a heated Gunite pool, BBQ areas, and expansive
in a
landscaped backyard.
SPORTS
The Championships 2025 Schedule
The Championships 2025 is set to occur from **30 June 2025 to 13 July 2025**.
The event kicks off with two days dedicated to **Gentlemen's and Ladies' Singles matches**.
Following that, **Gentlemen's and Ladies' Doubles** will commence on Wednesday, with **Mixed Doubles** starting on Friday. Additionally, the **Junior Championships** (for players aged 18 and under) will begin on **Saturday, 5 July**. In the second week, competitions for **wheelchair competitors** and **14 & under juniors** will be held alongside the invitation event.
TICKETS
NBA DRAFT
June 15: NBA Early Entry Withdrawal Deadline (5 p m ET)
June 25: 2025 NBA Draft First Round (8 p.m. ET)
June 26: 2025 NBA Draft Second Round (8 p.m. ET)
MARKET UPDATE 2025
Market Insights: Current Trends and Considerations
As we near the summer, inventory is on the rise, although listings generally decline until Labor Day. If you're contemplating a listing, now is the ideal time, as optimal visibility is starting to wane
Demand is increasing, but buyers are exercising caution due to rising interest rates and uncertainty about potential Fed cuts
Credit spreads reached their peak in April but have slightly eased, indicating some relief within the equity markets Caution persists in credit markets, but risk levels remain manageable.
A rate cut in June is unlikely, with July and later months being potential options, influenced by strong job data and stable inflation This uncertainty is affecting mortgage rates, which are fluctuating between 6 5% and 7%
While listings have increased nationally, Manhattan's inventory has decreased by 11% since April 2019, creating both stability and opportunity. Prices in Manhattan have stagnated for a decade, contrasting with national trends and highlighting longterm value
The current landscape suggests a gradual build-up in the market, with signs of resilience in Manhattan Savvy buyers and sellers should keep a close eye on data for potential shifts on the horizon
Global
Prime
International
MARKET UPDATE
Housing Markets Face Uncertainty
Global luxury housing markets are slowing, with 2 8% annual growth down from the long-term average of 5 3% Uncertainty over interest rates and unpredictable US trade policies are dampening buyer confidence
Regional trends:
Strong performers: Seoul (18 4%), Dubai (16 4%), Tokyo, Manila
In the UK, falling mortgage rates and disinflation may revive the housing market after a recent dip, but future sentiment remains uncertain
The US student visa crackdown could benefit the UK student housing sector, which saw strong Q1 investment
GLOBAL SCALE IN ALLIANCE WITH KNIGHT FRANK
71 LANGUAGES SPOKEN OVER 487 OFFICES IN 53 COUNTRIES
NEW DEVELOPMENT - INTERNATIONAL
V I L L A C A P P O N I
F L O R E N C E , I T A L Y
Villa Capponi has been transformed into a luxurious residence with 14 elegant apartments that combine classical charm and modern amenities Each apartment showcases the villa's heritage and offers views of the Italian gardens and Florentine hills, while incorporating contemporary technologies
Once owned by the influential Capponi family in the eighteenth century, owning a part of Villa Capponi means stewarding a historic piece of Florentine real estate, ideal for exploring Tuscany from an elegant and exclusive base
DETAILS
Condominium (Freehold)
Vacation Homes
Restoration/Conversion
Elmar Cucine kitchens
Devon & Devon and Antonio Lupi baths
Savio Interiors floors and doors
Bianco Carrara and Bardiglio marble
Advanced smart home
heating/cooling
Wi-Fi connectivity
Chelini Firenze furnishings in common areas
Villa Capponi offers stunning views of Tuscany, near Florence, attracting prominent families and providing a blend of countryside charm and Renaissance splendor just 20 minutes away.
The Delmore – Sculptural Luxury in Miami’s Billionaire’s Triangle
The Delmore – Sculptural Luxury in Miami’s Billionaire’s Triangle
Welcome to The Delmore, a visionary new landmark rising in Surfside’s coveted Billionaire’s Triangle
Welcome to The Delmore, a visionary new landmark rising in Surfside’s coveted Billionaire’s Triangle
Designed by Zaha Hadid Architects and developed by DAMAC International, this 12-story boutique
Designed by Zaha Hadid Architects and developed by DAMAC International, this 12-story boutique building offers just 37 ultra-luxury residences each a mansion in the sky building offers just 37 ultra-luxury residences each a mansion the sky.
Set on 200 feet of private beachfront, homes feature wraparound terraces, Molteni&C kitchens,
55,000+ square feet of wellness and leisure
Set on 200 feet of private beachfront, homes feature wraparound terraces, Molteni&C kitchens, private elevator access, and sweeping views of the ocean, bay, and skyline Signature amenities private elevator access, and sweeping views of the ocean, bay, and skyline. Signature amenities include a glass-bottom pool suspended 125 feet in the air, a Michelin-starred private restaurant, and include a glass-bottom pool suspended 125 feet in the air, a Michelin-starred private and 55,000+ square feet of wellness and leisure
Starting at $15 million, The Delmore is the pinnacle of coastal elegance. Starting at $15 The Delmore is the pinnacle of coastal elegance.
ORNARE
Ornare is dedicated to quality and sustainability, using high-quality raw materials, skilled labor, and advanced machinery to meet project specifications
The brand sources certified wood and materials from responsible suppliers and recycles production waste, merging product excellence with environmental care
*Core Values:**
Focus on high technology and quality
Commitment to enhancing customers' quality of life
Emphasis on originality and individuality in products
Ornare offers diverse solutions for various home spaces while collaborating with leading architects Founded by visionary engineers Murillo and Esther Schattan, the company aims to expand its international presence in key markets
For Evaluation Contact Fabiola Bacelar Lwow fabiola@ornarehamptons com
UNDERRATED PLACES TO TRAVEL THIS SUMMER
Sardinia, Italy, is more than its beautiful coastline; it offers rich cultural and historical experiences inland Visitors can explore charming towns, traditional cuisine, and ancient ruins, including nuraghi stone towers. Food lovers will enjoy local dishes like culurgiones and porceddu, paired with wines such as Cannonau and Vermentino. Outdoor activities abound, from hiking in Gennargentu mountains to visiting the Grotta di Nettuno
Traditional festivals showcase Sardinia's vibrant culture through music, dance, and costumes The island promises an unforgettable journey filled with natural beauty, history, and flavors
L S
LITTLE ISLAND SUMMER SHOWS
Little Island has announced an exciting summer performance lineup featuring nine commissioned world premieres from June 1 to September 22 The diverse programming includes music, dance, theater, opera, comedy, jazz, pop, and funk, showcasing a range of genres.
SUPERFINE: TAILORING BLACK STYLE
Superfine, curated by Monica L Miller and Andrew Bolton, explores 250 years of Black style, blending history and modern fashion Featuring bold sculptures by Torkwase Dyson and powerful mannequin heads by Tanda Francis, the exhibit pairs items like an 1855 top hat with a 2024 suit, highlighting fashion as both personal expression and cultural legacy.
NYC PRIDE
Celebrate Pride with the LGBTQ+ Community
Join the vibrant Pride March through the West Village or revel in the lively parties at your favorite gay bars alongside the LGBTQ+ community.
The theme for NYC Pride 2025 is “Rise Up: Pride in Protest.” This year's theme takes a more defiant approach compared to previous years “As the LGBTQIA+ community faces rising hostility and legislative challenges, this theme reflects the origins of the Pride movement in protest, serving as a powerful call to action for our communities and allies to unite and march in a bold celebration of advocacy and solidarity ”
MORTGAGE RATES
Update on Mortgage Rate Forecast for 2025
Political and economic uncertainty, along with volatile financial markets, has exerted upward pressure on mortgage rates Initially, projections suggested that mortgage rates would dip below 6% by the end of 2025 However, Fannie Mae has revised its forecasts multiple times to incorporate adjustments in Fed interest rates, inflation trends, housing sentiment, and overall market instability
In a surprising turn of events, the housing organization has recently updated its mortgage rate predictions for 2025 and 2026 The latest forecast presents a significantly more optimistic outlook for the housing market in the coming year, which may help restore homebuyer confidence and stimulate spring housing sales.
Mortgage rates have seen a modest decline over the last few months, now sitting at 6.62% the lowest level recorded since October. Fannie Mae now anticipates mortgage rates to decrease to 6 3% this year and further to 6 2% in 2026 Mark Palim, Chief Economist at Fannie Mae, sheds light on the economic factors that have influenced these mortgage rate revisions.
ARTS & FASHION ARTS & FASHION
SWAROVSKI JUST DROPPED A CRYSTAL-COVERED PAIR OF AIR JORDAN 1S
The Jordan Brand and Swarovski have launched a stunning pair of women's Air Jordan 1 Retro Low OG sneakers, part of the “New Gems” collection These shoes feature over 115,000 premium-cut Swarovski crystals on a low-cut profile made from “caviar fabric,” presented in a classic “Shadow” colorway of black and grey
Inspired by 40 years of Jordan Brand, the design celebrates sport and self-expression Priced at $1,000, these crystal-adorned sneakers were teased nearly a year prior to their release
LOEWE BOOK HONORS THE CREATIONS OF JONATHAN ANDERSON
Jonathan Anderson is leaving LOEWE, prompting the brand to celebrate his 10-year tenure with a large-format monograph titled *Crafted World: Jonathan Anderson’s LOEWE* This 636-page book visually chronicles his significant achievements, including his first Spring/Summer 2015 womenswear show and the latest Spring/Summer 2025 presentation It features stunning photography of designs, campaigns, and store interiors, alongside a foreword by Zadie Smith and conversations with stylist Benjamin Bruno and LOEWE collaborators The book will come in a custom box featuring the LOEWE Anagram.
ENTERTAINMENT ENTERTAINMENT
MEET THE GROUNDBREAKING GEN-Z PHOTOGRAPHER BEHIND THE 2025 MET GALA
Denise Stephanie Hewitt made her fifth Met Gala appearance this year, marking a career milestone In 2025, she became the youngest photographer commissioned by *Vogue* to document the event at the Metropolitan Museum of Art Celebrating her 23rd birthday, she embraced the Gala's theme, “Superfine: Tailoring Black Style,” wearing a custom suit by Julio Colon III. Her artistic vision reflected the theme, showcasing her unique photography style.
THE VIRAL TRADER JOE'S TOTES ARE BEING RESOLD FOR $1M
Trader Joe's has evolved from a grocery store to a destination for trendy products, such as the recently launched Mini Pastel Canvas Totes Released on April 8, these bags sold out quickly, creating a frenzy Originally priced at $2.99, they are now reselling for $30 to $70, with some listings even reaching hundreds of thousands for bulk orders
