ART­FUL LIV­ING

IN­VEST­MENT IM­PRE­SARIO CHAD LOWETH FUSES HIS LOVE FOR ART WITH HIS BUSI­NESS EX­PER­TISE TO CRE­ATE A STUN­NING NEW SPEC HOUSE IN OLD CUT­LER BAY.

Ocean Drive - - Space Abode & Beyond - BY JEAN NAYAR

It’s never too late for a new be­gin­ning, and Mi­ami res­i­dents are al­ways chas­ing that next big thing. An avid art col­lec­tor and pa­tron, Mi­ami-based en­tre­pre­neur Chad Loweth opened the Sce­nario Gallery in Wyn­wood last year to bring a hand­picked set of prom­i­nent in­ter­na­tional artists and col­lec­tors to­gether with a fresh ap­proach to pro­gram­ming and ex­hi­bi­tions. Yet as a busi­ness­man who spent decades in fi­nance and hedge funds, Loweth also ex­cels at teach­ing emerging col­lec­tors about the in­vest­ment value of con­tem­po­rary art and how to nav­i­gate its mar­ket with fi­nesse. His foray into res­i­den­tial real es­tate de­vel­op­ment merges his skills in art and com­merce—as ev­i­denced in his new­est prop­erty, the Bal­ada House, a tour de force in Old Cut­ler Bay with in­te­ri­ors by de­sign dy­namo Karla Pohlmann; listed at $18 mil­lion, it’s slated for com­ple­tion later this year. We asked the de­vel­oper and the de­signer about cre­at­ing an art­ful ap­proach to life. Why Old Cut­ler Bay? Chad Loweth: It’s one of Coral Gables’ great­est gated com­mu­ni­ties—sur­rounded by state parks, ac­ces­si­ble via the his­toric Old Cut­ler Road, and a paradise for boaters. It’s also one of the most de­sir­able com­mu­ni­ties to raise a fam­ily, with its cen­turies-old banyan trees that look like some­thing out of a

fairy tale, its highly ac­claimed schools, great shop­ping, and won­der­ful restau­rants. How would you de­scribe the grounds at Bal­ada? CL: Unique. A dou­ble lot on a cor­ner cul-de-sac with no neigh­bors across the way and fac­ing an un­touched state park of pro­tected land. It’s pri­vacy at its ut­most. What’s your vi­sion for the houses you de­velop in this area? CL: This is the fifth prop­erty I’ve de­vel­oped in Coral Gables. My vi­sion from the be­gin­ning was to de­velop houses with a mod­ern feel, open floor plans, and el­e­ments of warmth, [with] a blend of nat­u­ral ma­te­ri­als that re­flects the sur­round­ing na­ture. An in­door-out­door life­style was al­ways part of the idea, al­low­ing res­i­dents to have their boats docked right in the back­yard with a straight path to the bay. High­lights in the Bal­ada House in­clude a flex­i­ble lay­out within ap­prox­i­mately 10,000 square feet, seven large bed­rooms— in­clud­ing a stun­ning master bed­room over­look­ing the park and wa­ter—seven bath­rooms, pri­vate bal­conies, an in­cred­i­ble gym area, a li­brary, and a wine cel­lar. How do the in­te­ri­ors of the home re­flect the big-pic­ture vi­sion? Karla Pohlmann: It was a nat­u­ral process to pre­serve all the open ar­eas and flow of spa­ces and en­hance the beau­ti­ful views. I cre­ated the façade as a con­tin­u­a­tion of the in­te­rior by ob­serv­ing a co­her­ent lan­guage be­tween el­e­ments. I was stunned watch­ing the sun­set from in­side.

right: A bridge con­nects the two sides of the ap­prox­i­mately 10,000-square-foot home. below: A view of the mod­ern din­ing room. op­po­site page: In the liv­ing room at 9380 Bal­ada Street in Coral Gables, a large video wall serves as a high­tech show­case for...

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