Northlink Capital is launching sales for a planned short-term rental-friendly condo project in Miami Beach’s North Beach neighborhood.
Prices at 7200 Collins, the 12-story, 222-unit building planned at 7200 Collins Avenue start at $600,000, according to a press release. New York City-based Northlink, led by Robert Rosenthal, tapped OneWorld Properties to lead sales for the project, the release shows.
Units at 7200 Collins will range from studios to two-bedrooms, spanning375 square feet to 1,200 square feet, the release shows. The design team includes Revuelta Architecture International and interior designer Adriana Hoyos. Amenities in the building will include a fitness center, two pools and a library, according to the press release.
7200 Collins will also have ground-floor retail, the release shows.
Rosenthal bought the site, originally at the address 7140 Collins Avenue, for $17.3 million in 2021 and won approval for the condos in 2022. Construction is expected to begin later this year, with the project slated for completion in 2027, a spokesperson confirmed.
It is one in a stacked pipeline of condo projects planned for North Beach, a long-overlooked neighborhood that started attracting developers after a 2018 upzoning.
Last month, Mendy Chudaitov’s Lefferts began closings for its 72 Park condos at 580 72nd Street, the first of four North Beach projects Chudaitov has in the works. Also last month, Constellation Group, Boschetti Group and Vietmar scored a $42.3 million construction loan for their planned Ella Miami Beach, a 10-story, 103-unit short-term rental-friendly condo building at 6940 Abbott Avenue with prices starting at $500,000.
David Martin’s Terra and the Meruelo family are collaborating on a controversial redevelopment of the Deauville Beach Resort site at 6701 Collins Avenue in North Beach, as well, with the plans pending final approval.
