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Bay Harbor Islands going bananas!!

Cashflow In Miami
June 16, 2021

9461 E Bay Harbor dr

9201 E Bay Harbor dr

1135 103rd St, Bay Harbor Islands, FL 33154

This little town right behind Bal Harbor mall with amazing schools is going through a wave of development!

Continuum South Beach developer Ian Bruce Eichner acquired two waterfront sites from Bay Harbor Islands-based Taubco, with plans to build two condo projects.

Eichner’s Continuum Company paid $29.5 million for the land at 9201 and 9461 East Bay Harbor Drive. He’s planning to build two buildings with a combined 142 units with 34 boat slips on the sites. Eichner expects there will be a six-month to one-year lag before he begins on the second project.

The first project in Bay Harbor Islands is being designed by architect Luis Revuelta and calls for about 70 units. Sales are expected to launch in September, and the development could be completed by late 2023.
CMC Group  with Ugo Colombo and Morabito Properties will  begin sales of Onda, a planned 41-unit, eight-story development at 1135 103rd Street in Bay Harbor Islands, Morabito .  Construction could begin in the fall and the building could be delivered in 2023.

Prices will range from about $1.6 million to more than $8 million for the penthouse. The building, designed by Bernardo Fort-Brescia of Arquitectonica, will have more than 300 feet of bay frontage and a private marina with 16 slips.

Ambienta Developers from Chile is launching sales of its first condo development in South Florida in Bay Harbor Islands.  Ambienta Bay Harbor Islands, a planned 30-unit building at 9901 West Bay Harbor Drive, is expected to break ground this year. Revuelta Architecture International is designing Ambienta’s Bay Harbor Islands building, a seven-story development with two- and three-bedroom units ranging from 1,229 square feet to 1,662 square feet. The building will feature a double-height lobby, glass facade, and gardens designed by David J. Odishoo. Each unit will include two parking spaces and storage.Condo prices will range from about $761,000 to $1.2 million.

The developer could break ground this summer  and top off by July 2022 with closings expected to occur in the spring of 2023. The developer assembled the site for about $5.9 million beginning in 2018.


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