Under the proposed special area plan, Sunbeam Properties would build 1,936 residential units, including 117 units of workforce housing, 870,000 square feet of office/retail space, a 112,500-square-foot hotel with about 300 rooms, and about 5,000 parking spaces.
Aztec Group’s Peter Mekras arranged the financing.
The Estate Companies developed the project in 2021 and achieved 95% occupancy in six months.
The project is slated for 2,351 residential units anbd 540,000 square feet of office space.
Construction of the high-end and modern FIRST Apartments project started in March 2020 and was successfully completed in fall 2021.
The new mixed-use apartment community named Alhambra Parc will feature 33-units and retail on the ground floor.
The mega complex features a 316-key Hilton Miami Bayfront Hotel with endless amenity and entertainment areas, 163 Sky Residences with exclusive owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space.
South Florida-based Two Roads Development acquired the 3.5-acre prime waterfront site with plans for an ultra-luxury branded residential property.
Bidding deposits and qualifications must be submitted to the court-appointed receiver, Michael Goldberg, no later than 5 p.m. on Friday, May 20, 2022.
The portfolio consists of three waterfront sites, totaling 1.36 acres, each with site plan approval already in-place for the development of a luxury mid-rise condominium with high-end amenities.
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