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19-Story Mixed Use

Cashflow In Miami
November 11, 2021
19-Story Mixed Use

16300 NE 19TH Ave, North Miami Beach

19-story mixed use approved in North Miami Beach!

An affiliate, co-owned by Ozkan -developer from Istanbul, Turkey, paid $5.2 million for the 37,500-square-foot lot at 16300 Northeast 19th Avenue in November. The seller, Afin Developer Group’s Alejandro Araujo, previously had planned to build a seven-story, 129-room hotel on the site.

The variances and site plan for the 224-foot-tall Skygarden 19-story mixed use tower still needs to be approved by the North Miami Beach City Commission.

Ozkan will construct a 341-unit multifamily building, with 12,635 square feet of retail and 405 parking spaces, designed by Coral Gables-based Permuy Architecture. Skygarden will also feature garden terraces on the 6th, 9th, and 15th floors, as well as a rooftop garden and pool.  The 124 one-bedroom and 217 two-bedroom units will far exceed the 550-square-foot minimum requirement for individual apartments. Skygarden’s apartments will range from 593 square feet to 991 square feet.  Apartments will collect monthly rents ranging from $2,100 to $2,750.

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