Wednesday, January 14, 2015

News about the Privé project in Aventura

Privé condo developers sue Aventura for $200M over delays


 We read this in the South Florida Business Journal  -  Jan 14, 2015,

Is the  Privé project endangered ? 

 I don't think so. But I'll  keep my eyes wide open.

Construction of Privé in Aventura has been held up because the developer hasn't secured city approval for a double sidewalk.

The developers of the Privé at Island Estate condominium project filed a $200 million lawsuit against Aventura demanding that the city lift the regulatory hurdles that have delayed its construction.

The 160-unit project in two 16-story towers would be constructed on an eight-acre island in the Intracoastal Waterway. Visitors would have to drive through another island with single-family homes to get there.

Under an agreement developer Gary Cohen made with the city in 1998, he must build sidewalks on both sides of the streets from the mainland through the first island to his island if he wants to build a multi-family project. However, three homeowners have filed a lawsuit that has so far prevented Cohen from building the sidewalk through their lawns.

Aventura has refused to let Privé launch vertical construction because the double sidewalk doesn't run all the way through.

"We have no choice but to go to court to have our development rights enforced – rights which we have had indisputably for 40 years," Cohen said in a news release. "Unfortunately, the kind of action we're taking is necessary and not uncommon when developing waterfront property in South Florida."

According to the lawsuit, the 1998 agreement between Aventura and Cohen said the developer will agree to install a second sidewalk, but it doesn't specify whether that must take place before development begins or that the sidewalk must be continuous. The lawsuit said Aventura is attempting to add words or phrases to the 1998 agreement that would stall the project.

The agreement doesn't require that the sidewalk be completed first, the developer said.

"We feel that the city has dealt with Privé in a perfectly fair manner and the city has fully complied with applicable law in considering all the requests and applications of Privé," said Weiss Serota Helfman Pastoriza Cole & Boniske attorney David M. Wolpin, who represents Aventura in the matter.

Cohen is partnering with BH3 Management to develop Privé. In the complaint, the developer said 71 of the 160 units have been sold with $192 million in sales under contract and $55 million held in escrow. The developer hopes to deliver the units in the first quarter of 2017.

Because of the delay with the city, Privé can't close on its $150 million construction loan and may have to find an alternative loan on less favorable terms. If the project doesn't move forward, the developers could lose over $190 million in sales contracts and over $11 million in soft costs.

"We know sidewalks are not the real issue here," BH3 principal Daniel Lebensohn said. "It is clear these homeowners' petty actions and abuse of the system are only meant to try and stop our project altogether, and the City of Aventura, for whatever reason, is enabling their efforts.
This has got to stop and will be stopped."

For more information, or to make a reservation

Call Henry B. Nathan – (800) 416-2747   (954) 296-674

United Realty Group Inc.

New Construction in North Bay Village

North Bay Village is one of the most underrated waterfront areas. I have always liked
the very convenient location, midway between Miami Beach, Miami, and North Miami Beach. Stunning views from many points, access to ocean waters, proximity to Midtown, South Beach; and a certain small town atmosphere that have been lost in most other places in South Florida.

Two big waterfront condo projects approved in North Bay Village 

Two condominium projects were preliminarily approved along Kennedy Causeway in North Bay Village.

The city's zoning commission signed off on the projects on Tuesday night and they will go before the city commission in January for final approval.


The larger project is a 75-unit condo by Miami-based Brick Village 79 LLC at 1601 Kennedy Causeway. It acquired the 1.07-acre site, the home of the Trio on the Bay restaurant, for $4.5 million in June.
Brick Village plans to build a 22-story tower with 45 two-bedroom condos and 30 three-bedroom condos. It would also have 2,000 square feet of offices, 2,135 square feet of retail, 2,000 square feet for restaurants and a 234-space parking garage. The tower would include a pool and spa.
Attorney Gerardo Vazquez, who represents the developer, couldn't be reached for comment. Brick Village is controlled by four managing members: Leonidas Lima de Macedo, Transinvest Logistics & Investment, JG Seven, and Carmel Investors.


Bay Village Venture, a company headed by Jose Saal in North Miami Beach, plans to construct a 43-unit condo building at 1725 Kennedy Causeway. Saal said his 19-story project will be called Piave.

It will feature four units per floor, all of them corner units, with 40 two-bedroom condos and three three-bedroom condos. The building will also have a 2,251-square-foot restaurant on the ground floor, a pool, a gym and a 120-space parking garage.

"It's a great location in the middle of the bay," Saal said. "You are in close proximity to everything, close to South Beach and close to Aventura. You can see all the way to downtown Miami."
Saal said he hopes to break ground in six to eight months. He doesn't have the pricing finalized yet. Next up, Saal said he'll partner with Brick Village to propose building a bay walk along the causeway so visitors can enjoy the water.

Bay Village Venture paid $2.1 million for the 0.6-acre site in 2013.

Information from The Florida Business Journal, Dec 3, 2014,

For more information, or to make a reservation

Call Henry B. Nathan – (800) 416-2747   (954) 296-674

United Realty Group Inc.

Saturday, January 03, 2015

The Gale Fort Lauderdale Residences



Completion: Estimated at end of 2016
Developed By: Newgard Development Group and Menin Hospitality
Architect: Garcia Stromberg
128 Exclusive Residences
Starting Price: From $385,000

Call Henry B. Nathan – (800) 416-2747   (954) 296-6741

Nestled on one city block, with stunning views of the Intracoastal, surrounded bv world renowned hotels, restaurants, nightlife, and only a few steps from or Lauderdale Beach, the Gale Fort Lauderdale Residences will offer:

• Two Rooftop Pools
• State of the Art Fitness Center
• Premium Concierge Service
• 24 Hour Valet Service for Residents
• Secure High-tech Parking for Residents
• One Block from the Ocean
• Expansive roof-top sky deck
• Located on the Intercoastal Waterway
• Steps from World Class Shopping, Dining & Nightlife
• Units Delivered Fully Furnished
• Prices from the $385,000


The Gale Fort Lauderdale Residences  –  Units selection:

• 1 Bedroom: 780 – 795 square feet
• 1 Bedroom + Den: 820 square feet
• 2 Bedroom: 1,225 – 1,230 square feet
• 2 Bedroom + Den: 1285 – 1,310 square feet
• 3 Bedroom: 1,985 square feet

The Gale Fort Lauderdale Residences Features and Amenities:


• Residences delivered fully finished
• Smart building technology
• Modern, open-concept floor plans
• Floor-to-ceiling sliding glass doors with impact resistant glass
• Full-width oversized balconies available
• Pre-wired for multiple phone lines, cable TV and high-speed internet
• Spacious walk-in closets
• Gourmet Kitchen with top of the line appliances
• Imported cabinets and contemporary hardware
• Spa like amenities including soaking tubs in Masters
• Dual sinks in select bathroom units
• Custom-finished floors and walls in wet areas
• Glass shower enclosures
• Designer fixtures accessories
• Hotel services for all Owners at all outlets, such as restaurants, room service, bars, fitness center and business center

Call Henry B. Nathan – (800) 416-2747   (954) 296-6741

The Gale Fort Lauderdale Residences Benefits:


• The Gale Ft Lauderdale services will be available to Residents
• Owner privileges at Menin Hospitality Properties
• 24 Hour Valet for all residents
• Units delivered fully finished
• Building Amenities: 2 Rooftop pools (one for residents only on 8th floor), club room and fitness center.

The Gale Fort Lauderdale Residences Deposit Structure:

• 10% at Reservation
• 10% at Contract
• 20% at Groundbreaking
• 10% at 8th Floor
• 50% at Closing

Call Henry B. Nathan – (800) 416-2747   (954) 296-6741

About Fort Lauderdale Beach




Few communities compare with the richness and vitality of Downtown Fort Lauderdale, with its vast array of activities and resources, including a world renowned center for the performing arts, a superb library, museums, restaurants, universities, and a beautiful riverside park. Outdoor cafes, trendy boutiques and galleries at Las Olas, and the picturesque brick paved Riverwalk, adjoining the New River.

Fort Lauderdale has over 3500 restaurants and more than 110 nightclubs offering distinct cuisine and diverse live music nightly A short drive from Port Everglades and the Fort Lauderdale/Hollywood International Airport, Fort Lauderdale has been called the ‘Venice of America’.

Twenty three miles of smooth sand and water and a 165 mile network of navigable waterways boasting sightseeing cruises and the fun filled Water Taxi, Famous as a beach resort, it is also a top destination for boats and yachts.. The Greater Fort Lauderdale community extends from the Atlantic Ocean in the east to the edge of the Everglades, some 25 miles to the west.

Twelve major shopping malls and countless specialty shops, from the exclusive Las Olas Boulevard boutiques to the World’s largest indoor flea market. The new Hard Rock Casino attracts thousands of visitors within its ample entertainment facilities.

Fort Lauderdale most famous beach is a long stretch between Las Olas and Oakland Park Blvd. Notorious years ago for some wild partying by spring break students, it is now an attractive place for locals and tourists as well. Its white sands and multiple restaurants, bars and stores attract mostly the young crowd.

The Galt Ocean Mile is a mile-long strip along the ocean running north from Oakland Park Blvd to the area where Fort Lauderdale meets Lauderdale-By-The-Sea. Many well maintained buildings have wonderful locations close to the beach and great amenities.

For more information, or to make a reservation

Call Henry B. Nathan – (800) 416-2747   (954) 296-6741

Email me: