The property, which has 150 feet of waterfront, was approved by Bay Harbor Islands for a 30-unit, eight-story building with a pool and cabanas called Akua. The asking price breaks down to $361,800 per approved unit, and about $217 per square foot for the planned 49,909-square-foot building.

The land comes with plans for a project that was designed by Frankel Benayoun Architects, led by architect Markus Frankel. Frankel is designing a number of boutique projects in the two-island town, which has been flooded with proposals for roughly 30 new condo and townhouse projects. Commercial and multifamily development is only allowed on the east island.

Bal Harbour Mayor Gabriel Groisman made the announcement at Tuesday night’s Village Council meeting, saying he had received a letter from Whitman Family Development withdrawing its proposal and requesting a meeting where new expansion plans could be discussed. Whitman Family Development submitted new plans last Friday for a planned expansion of Bal Harbour Shops. Grossman said his initial impression was that any new plan “would be a smaller plan than before.”

This was the second time Deco Capital Group had proposed a height increase for eight lots it acquired in 2014 for $14 million. New York-based RWN Real Estate Partners, backed by billionaire Marc Rowan, is a majority partner in the venture. The planned building would have had 15 luxury condos on top of premium retail, overlooking Maurice Gibb Park.  

Midtown Five opened on January 1 after receiving a Temporary Certificate of Occupancy, and demand for apartments there is proving to be strong.

There are already 70 signed leases in the 400-unit apartment building, a developer spokesperson told TNM. Those numbers place the building ahead of the developer’s schedule for leasing, and are exceeding the typical pace for a building of this size, they say.

About three dozen tenants are now living in the building, just days after the TCO was issued.

Landlords and real estate brokers planning to rake in rent money from pot dispensaries, in the wake of Florida voters approving medical marijuana by 71 percent, will have to wait a little longer in Miami Beach.

DESIGNED BY OMA AND REM KOOLHAAS, THE STRIKING TOWERS
OF PARK GROVE SET A NEW ARCHITECTURAL STANDARD
IN THE QUIET SEASIDE ENCLAVE OF COCONUT GROVE.

Here are some pictures of Related's "Paraiso"

A Beautiful showroom, just by the Bay

Originally founded as the Married Ladies' Afternoon Club in 1900, the Miami Women's Club evolved into a prominent social and cultural institution. Notably, the club played a pivotal role in establishing Miami's public library system. The building itself showcases a distinctive U-shaped Mediterranean Revival style, offering picturesque views of Biscayne Bay.

A Miami condo’s location is only part of the journey. Elevator waits, garage access and building operations can change how an apartment fits daily life.

Panorama Tower Brickell Rentals || Construction Update

ADDRESS: 10201 Collins Ave. [ Bal Harbour, FL ] 33154

LOCATION 

Less than a mile from Bal Harbour Shops, directly on Bal Harbour beach, and just moments from Haulover Park and the inlet, life here is a 360-degree panorama of carefree glamour.

FLOORS: 28

UNITS: 40 oceanfront

• 25 floors of mixed 1, 2, 3 & 4 bedrooms apartments, with maid quarters
• 1 floor with 4 Penthouse and 2 floors with 4 Duplex Upper-Penthouses.

MAINTENANCE FEE: $0.95 per sq. ft.