The Real Deal Miami

Peebles buys Bath Club site for $21M

Developer launched sales of luxury Miami Beach condos in December

February 03, 2014 10:30AM

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Don Peebles and Bath Club Estates rendering

Don Peebles and Bath Club Estates rendering

A company tied to developer Don Peebles has acquired the future site of the Bath Club Estates project in Miami Beach for $21 million.

The Peebles affiliate picked up the nearly one-acre of oceanfront land at 6747 Collins Avenue, according to Friday’s written announcement from the Ackman-Ziff Real Estate Group, which represented the seller.

Peebles began sales of the 13 luxury Bath Club Estates in December. The project is designed by Arquitectonica with one condo per floor. Unit options include a penthouse and two massive villas.

Planned amenities include plunge pools on unit balconies and two chauffeur-driven Maseratis. The units can be customized, as buyers would have their choice of interior designers.

Miami-based Ackman brokers Robert Kaplan and Mark Rutherford marketed the site for sale. — Eric Kalis

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