The Real Deal Miami

Developer adds to Dean’s Gold assembly in North Miami Beach

CK and Privé acquired the strip club next door for $23.5M in September

November 05, 2015 11:15AM
By Katherine Kallergis

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163rd and Biscayne Boulevard

163rd Street and Biscayne Boulevard

After dropping $23.5 million on the strip club Dean’s Gold in North Miami Beach, a group of Aventura investors and developers have expanded north, buying the adjacent 1.8-acre parking lot for $12.7 million.

An affiliate of CK Holding Group and Privé Land Banking bought the property, which is sandwiched between Dean’s Gold and ABC Fine Wine & Spirits, north of 163rd Street along Biscayne Boulevard.

In September, CK and Privé acquired the strip club, at 2355 Northeast 163rd Street, with plans to develop it into a mixed-use project designed by Miami-based Arquitectonica. Dean’s Gold has a triple-net lease for that property.

The assemblage is located within a district recently rezoned for high-density redevelopment. CK and Privé financed the parking lot acquisition with an $11 million loan from Marquis Bank.

Biscayne Office Center LLC sold the parking lot, according to Miami-Dade County records. Carlos Raul Saidon, Leon Miguel Angel Wilensky, Charles Ittah, Hugo Behar and Soly Dimal are all company managers. The Hollywood-based LLC paid $5 million for the site in 2006, property records show.

Nearby at 16385 Biscayne Boulevard, 13th Floor Investments and Key International are developing the Harbour, a 125-unit, twin tower condo development.

Privé Group is also partnering with CK Holding on an office condo project just west of Aventura. Forum Aventura, also designed by Arquitectonica, will have 12 stories with ground level retail condos and a rooftop terrace.