IAN BRUCE EICHNER starting sales at La Baia and joining TSG with prime piece of former Mexican Consulate in Brickell.
9201 East Bay Harbor Drive, Bay Harbor Islands
1399 SW 1 AVE, BRICKELL
Island Club Towers LLC and Royale Club Towers LLC, both managed by Irwin Tauber in North Miami, sold sites of 1 acre and 33,750 square feet at 9201 East Bay Harbor Drive and 9461 East Bay Harbor Drive, respectively, to the Continuum Co. Tauber’s company started the approval process in 2019. Both waterfront sites were purchased by world known Continuum South Beach developer May, 2021 for $29,5 million.
A boutique, eight story structure, La Baia, Bay Harbor Islands will feature 68 luxurious residences with 20-boat slips and more than 30,000 SF of resort-style amenities. The project is slated for completion and delivery in November 2023. La Baia is designed by Revuelta Architecture and the rooftop amenity deck and lush greenery was envisioned by world-renowned landscape architect Enzo Enea. Suffolk Construction, one of the nation’s most successful builders spanning over four decades, has been selected as the project’s general contractor. Residences are priced from $810,000.Residences are sized from one- to four-bedrooms and range between 1,100 SF to 2,500 SF. Each La Baia, Bay Harbor Islands home will be delivered completely finished and ready to be designed, decorated and furnished. Every residence features well-appointed fixtures and finishes curated by New York-based Durukan Design. Ceiling heights range between nine- to 10- feet, there are spacious his-and-her walk-in closets, balconies with glass railings and a pair of secure underground parking spots for each owner. In the kitchens, custom Italian cabinetry by Snaidero, is complemented by Miele appliances, along with quartz stone countertops and Hansgrohe fixtures. Every La Baia, Bay Harbor Islands primary bathroom and powder room features marble flooring and dual rainfall showers.
Developer, TSG Group, has purchased an office building at 1399 Southwest First Avenue in Brickell for $31.75 million in August , 2017.
Records show that the Consulate General of Mexico has a ten-year lease that commenced in 2012.
TSG, led by Camilo Lopez and Jorge Escobar, said it secured $53 million in new equity for the development site at 1399 Southwest First Avenue. Property records show an affiliated entity sold the site to a TSG-linked entity last month, which marked the sale to the new partnership. It’s home to a three-story, nearly 35,000-square-foot office building leased to the Consulate General of Mexico.
Together, the developers will build a 70-plus story condo tower with presales launching in early 2022, Eichner said. The property is zoned for 500 residential units and office space, according to a release. The planned project would include ground-floor retail space and office space above, with condo units on top. That was in 2020. So soon we will hear about the renderings and plans for the new tower :)
And one more exciting news from this developers life is the sale of his penthouse - Ian Bruce Eichner, the developer for Continuum South Beach has sold his penthouse in the tower for a cool $35 million. It was originally listed for $48 million in 2014. According to the Wall Street Journal, Eichner had been renting out the penthouse since December 2020 at $200,000 monthly on a short-term lease