Sunny Isles will soon have a new take on exclusivity and private living. Despite a legal battle with nearby homeowners, construction is well underway on the Privé at Island Estates condo project in Aventura. Privé will be a 160 unit, 16-story project with an expected delivery in early summer of 2017. The project is being developed by BH3 and Gary Cohen with Sieger Suarez and interiors by Steven G. Pricing ranges from $2.1 million to $11.4 million and units come in 2,3,4,5,6 and 7 bedroom layouts which range from 2,585 SF to 9,500 SF. About 25% of the pre-construction buyers have been from South Florida, which is very rare new-construction in Miami. The development will also feature a state-of-the-art gym and spa in each tower, full-service staff, private dining, poolside cafe, wine room, cigar room, tennis courts, multiple swimming pools, a marina and natural jogging trails.
Expansion of North Beach
With new measures having been approved by the Commission, North Beach is underway to become the next neighborhood that the city focuses its developmental efforts on. These long anticipated proposals will help city planners bring a more centralized hub to the area, as well as a rumored town center.
The ordinances will increase height maximums from 75 to 125 feet and allow for a short-term rental district, while still protecting the older or architecturally significant buildings in the area from rapid demolition by setting a six month moratorium. This vote paves the way for large-scale developments in North Beach, both residential and commercial. Developers say they have plans to build a 175-room hotel that will include plenty of retail space and parking on 72nd Street.
Allowing a short-term rental district will decrease the six month minimum for rentals, which will help families who are looking for extended vacation homes. It would allow for services such as Airbnb, which will ultimately increase the value and help preserve the older buildings, whose high maintenance costs are not covered by rental income.