Monday, April 06, 2015
PRIVE at Estate Islands, Aventura is moving ahead!
Privé Island – March 31, 2015
Privé Developers, LLC proudly announces the issuance of its foundation permit from the City of Aventura. Construction of the twin-tower luxury condominium project, located on South Florida’s last undeveloped island, will begin immediately, with completion projected for the second quarter of 2017.
“We are anxious and thrilled to commence construction and to deliver this special and unique project. Having the opportunity to build a project such as Privé on what is arguably one of the most irreplaceable pieces of real estate in South Florida is every developer’s dream, and we are humbled to have the opportunity to be that developer.”
Privé, a 160-unit luxury project, can begin construction now that its developers received their building permit from the city of Aventura.
The two 16-story towers should be completed by the second quarter of 2017.
The developers were locked in a battle with homeowners who oppose the development and the installation of sidewalks, and it resulted in delay by the city issuance of building permits.
A $140 million construction loan was cancelled a few months ago, for this reason.
The conflict reached physical confrontations when the developer built the sidewalks despite the opposition of these homeowners.
Privé residences will range from 2,585 square feet to 9,000+ square feet.
It is expected to boast 70,000 square feet of indoor amenity space , two pools, a tennis court, a playground, jogging path, a fishing pier and a marina.