The Real Deal Miami

Privé developers receive building permit from city of Aventura

Scheduled for completion during second quarter of 2017

March 31, 2015 12:45PM
By Katherine Kallergis

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Prive at Island Estates

Rendering of Prive at Island Estates

Privé at Island Estates, a 160-unit luxury development, can begin construction now that developers received their building permit from the city of Aventura.

The twin, 16-story tower development is expected to be completed during the second quarter of 2017.

Developers BH3 and Gary Cohen were locked in a battle with homeowners who oppose the development and the installation of sidewalks, and the resulting delay by the city in issuing building permits. During the process, they lost a $140 million construction loan late last year, BH3’s Dan Lebensohn told TRD.

After months of litigation, developers built their sidewalk in March, despite physical intervention from nearby residents.

Privé will include 70,000 square feet of indoor amenity space and will offer outdoor amenities that include two pools, a tennis court, playground, jogging path, fishing pier and marina. Units will range from 2,585 square feet to more than 9,000 square feet. The towers are designed by Sieger Suarez.

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