11950 N Bayshore drive , North Miami Waterfront North Miami vacant mutlifamily compex sold! 12000 N Bayshore drive , North Miami Bulk buyout happening now!

11950 N Bayshore  drive , North Miami
Waterfront  North Miami  vacant mutlifamily compex sold!

The Miami-based company bought the 0.8-acre site at 11950 North Bayshore Drive for $15 million. Alta is envisioning a 50-unit to 90-unit high-end condominium development.
The two-story, 27-unit Mid Bay Club Apartments building was constructed in 1964, property records show. The selling entity, which paid $1.5 million for the building in 2011, is led by William R., William E. and Eileen Prevatel, as well as Patricia Wood. Demolition of the existing building is expected in the next two months, and construction could start in summer 2023.

12000 N Bayshore drive , North Miami
Bulk buyout happening now!
At 12000 Bayshore Dr., Related representatives are buying out condos in Mariner’s Bay, a 1981 four-story structure along a full block with boat slips. It has secured 32 of the 46 units already, and is closing in on more, approaching the 37 it needs for the condo association to be dissolved, making way for development there that will transform 800 feet of bayfront.

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