Ian Bruce Eichner and his daughter Allie Eichner are launching a wellness-focused condo on the waterfront North Miami site where they completed a $48.5 million bulk buyout this fall.
The planned 12000 Sport & Wellness Waterfront Residences is slated for the site at 12000 North Bayshore Drive in North Miami and will rise 20 stories and have 262 units, according to a news release.
The spread will include condo units, penthouses and townhomes, all with access to the project’s waterfront Mermaid Club, which will include a 20-slip marina, floating pools, paddleboards and kayaks, the release shows.
The Eichners tapped a design team that includes Kobi Karp Architecture, interiors firm Paul Duesing Partners and landscape design firm Urban Robot.
Units will range from one to three bedrooms, spanning between 1,000 and 3,500 square feet, according to the release.
Prices start at $1.4 million, a spokesperson confirmed. Sales will be led in-house by Continuum Realty, and construction is set to begin next year.
The project’s amenities will include a fitness center, spa facilities, indoor pickleball courts, sports simulators and putting greens, the release shows.
The Eichners’ New York and North Bay Village-based Continuum Company completed the bulk buyout for the 4.3-acre site in November, spending $48.5 million for the 1981-built four-story, 46-unit property. Negotiations with the building’s owners started in 2022, with the association facing at least $6.5 million in repairs and the burden of long-term maintenance.
Shortly before completing the buyout, Continuum was slapped with a lawsuit by CW Investment Advisers, alleging the developer owed over $500,000 in unpaid fees related to the 12000 North Bayshore Drive buyout.
Wellness-focused condo projects are a growing segment of Miami’s development pipeline.
Earlier this month, Ricardo Dunin launched his House of Wellness-branded condos in Brickell, a 34-story, 656-unit project that includes a “lifestyle director” who will oversee wellness and social programming. Residents will be able to participate in an “Integrated Wellness Method” that assesses and tracks health over time.
In January, David Martin’s Terra landed a $410 million construction loan for his 194-unit Well Coconut Grove. Amenities at the project include a wellness center with a bathhouse, hyperbaric chamber and crystal cave lounges, and residents will have access to health coaching services.
