Kolter, BH Start Revenue For North Miami Apartment Project

Kolter, BH Start Revenue For North Miami Apartment Project

Kolter’s urban division and BH Group are launching sales for Solana Bay, a planned waterfront condominium in North Miami.

The joint enterprise is creating the 10-tale boutique setting up with 52 models at 2305 Northeast 123rd Street on the web-site of the White Property Inn, a shuttered two-story resort done in 1969. Delray Beach front-centered Kolter City and Aventura-centered BH tapped Douglas Elliman as the distinctive product sales agent, and a revenue gallery is opening later this month, a press launch states. 

Overlooking Keystone Position, Bay Harbor Islands and Indian Creek, Solana Bay is designed by Coconut Grove-based Arquitectonica. Flooring options show two-, 3- and four-bedroom models ranging from 2,200 square ft to additional than 4,000 square feet, the release states. Costs will get started at $2.3 million, a spokesperson for the joint undertaking said.  

Models will feature non-public foyers, outsized main bedrooms with unobstructed drinking water sights and significant terraces. Amenities will include a rooftop pool, an executive board room overlooking Biscayne Bay, 450 ft of h2o frontage and an leisure lounge, the launch states. 

In January, Kolter City and BH paid $20 million for the 1.1-acre site. BH had earlier partnered with Coconut Grove-primarily based Connected Group and Israeli billionaire Teddy Sagi to redevelop the White Dwelling Inn house. But Linked and Sagi resolved to pull out of the job following the North Miami Town Council accepted the development previous calendar year. An affiliate of Associated, BH and Sagi sold it to an affiliate of Kolter City and BH.

Kolter Urban’s father or mother enterprise, Kolter Group, is led by CEO Bobby Julien. The agency has been involved in more than $29 billion of household jobs in the course of the Southeast that are possibly completed or less than construction, the launch states. 

Led by Liat and Isaac Toledano, BH is amid the most active real estate enhancement and expenditure firms in South Florida. In November, the business also partnered with Kolter to purchase an 84-space hotel in Miami Beach. The joint venture paid $24 million for the Crystal Beach Suites Miami Oceanfront Hotel. 

Much more not too long ago, BH teamed up with Süzer Team, an Istanbul, Turkey-based mostly personal fairness business, to perhaps purchase one of the tallest hotels in South Florida. The partnership is under deal to order the W Miami, a 50-tale creating with 148 rooms in Miami’s Brickell neighborhood. 

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