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South Florida

Brazilians buy up 17 percent of Bay Harbor project

Rendering of O Residences
Rendering of O Residences

A boutique development in Bay Harbor Islands sold 17 percent of its units during December 2014  — all to Brazilian buyers.

Three of the Brazilian buyers were on a real estate buying trip and the remaining four signed on the spot, according to O Residences.

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The waterfront residential project with 41 units offers buyers access to a range of boats allowing them to participate in recreational water activities, according to a news release.

S2 developers Claudio Stivelman and Marc Schmulian, said the location is key to the project’s success. Bay Harbor currently has more than 18 planned projects.  — Katherine Kallergis