The Turkish developer Shelton got the greenlight for its first Florida condo project, an 11-story waterfront development in North Miami.
Led by chairman Abdullah Kırkıncıoğlu, the firm is planning an 18-unit complex at 1998 Northeast 135th Street in North Miami. The 0.3-acre site is owned by Monique Benson, who bought it for $480,000 in 2002, according to property records.
Kırkıncıoğlu tapped Kobi Karp to design the project, dubbed Shelton Miami.
The building will have two five-bedroom, 3,000-square-foot units on floors three through 11.
Its amenities will include a spa, fitness center, pool, hobby room and meeting room, according to Shelton’s website. The developer is also offering residents shuttle services to the beach, boating and the airport, the project’s website shows.
The developer has not yet announced pricing for the units. Shelton has not confirmed a timeline for launching sales or starting construction.
It marks the developer’s first project in the U.S. Shelton’s portfolio includes developments in Ankara and Bodrum in Turkey, and its three completed developments are all single-family residential communities.
While the real estate boom has spread across the broader Miami metropolitan region and drawn billions of dollars in investment, North Miami hasn’t had the same pull on condo developers as other enclaves. But the tide is turning.
In November, the Eichner family’s Continuum Company completed its buyout of a waterfront condo building in the city for $48.5 million. The firm previously secured approval for a 22-story, 267-unit project on the site, but the Eichners have yet to release details for their site plans.
Across the water, Bay Harbor Islands has a packed pipeline of condos in the works.
One Sotheby’s International Realty took over sales and marketing of 9900 West, Horizon Group’s planned 23-unit condominium in Bay Harbor Islands, in December. Brooklyn-based developer Redhoek+ has two condos in the works, Pool Haus and Solina Bay Harbor.
