Miami bulk condos happening!
777 N Ocean dr , Hollywood Beach
There was originally supposed to be a bankruptcy auction for the 52 unsold condo-hotel units and the common areas of the hotel at 777 N. Ocean Drive. However, no qualified bids were received by the Aug. 13 deadline. Madison Realty Capital, was approved to acquire the unsold units and common areas. The $43 million bid was based on credit owed by the debtor.
The 274 units previously sold to investors were not included in the deal. However, 777 N. Ocean Drive LLC has the authority to hire a hotel management firm for the property.
The resort owner filed Chapter 11 reorganization in September 2019 to stay a foreclosure lawsuit.
6060 Indian Creek dr , Miami Beach
Integra just closed on an $11.5 million purchase of 65 units . Integra also paid $50,000, each, for three units owned by Setter LLC, managed by Alan Lieberman. It also bought a unit from Oded Tabachnik of Encino, California, for $70,000.
Integra intends to buy all 82 units of a Miami Beach condo-hotel that was once the subject of a fierce foreclosure battle, already spending $15 million for about 80 units. The partnership is still deciding if the hotel will partner with a brand to make improvements to the building.Hotel is planning relaunch next season.
Developer Carlos de Narváez is moving forward with his $100 million luxury auto club project, Drivers Club Miami.Read more
The 2 -acre site was bought out for $1 million last year and is already getting ready to go up!The three-story, 54,300-square-foot building would be built on a 2-acre site. The units would each have two bedrooms and two bathrooms. Rents are expected to be about $1,645 a month. Global One Investment Group is the developer of the property.Read more
Beachside Residences brings a new brand of modern elegance and luxury living to Hollywood Beach. This boutique condominium of just 36 units features a minimalistic design and breathtaking views of the Atlantic Ocean and the Intracoastal Waterway.Read more
We have been writing about this future project for a while now, its offically out in the press! It will be the highest tower in Sunny Isles Beach reaching 749-feet with more than 60-stories!Read more