Wednesday, January 14, 2015

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.

A PROJECT BY BRICK VILLAGE

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.

PIAVE

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. 

hbnathan@gmail.com

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