The Real Deal Miami

Barbara Salk’s firm unveils ION East Edgewater details

Sakor Development hopes to start building 330-unit tower during fourth quarter of 2014

June 10, 2014 01:30PM

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ION East Edgewater rendering and Barbara Salk

ION East Edgewater rendering and Barbara Salk

Barbara Salk and Stephen Kornfeld’s Sakor Development unveiled the details of the company’s planned ION East Edgewater condo project.

Sakor hopes to start construction of the 330-unit development at 2701 Biscayne Boulevard during the fourth quarter of 2014, according to a written announcement released by a project spokesperson on Monday. Arquitectonica designed the 36-story tower, while Hirsch Bedner is handling interior design. The project is slated for a late 2016 completion.

An affiliate of Encore Housing Opportunity Fund is partnering with Sakor through a joint venture. Encore’s principals are part of downtown’s massive Miami Worldcenter development. Cervera Real Estate is exclusively handling ION’s sales and marketing.

Prices for ION units begin in the low $300,000s. The project includes one, two and three-bedroom condos, along with six two-story townhomes.

Salk spent more than a decade at the Related Group before launching Sakor with Kornfeld. — Eric Kalis

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