The Real Deal Miami

Consultatio tops off Oceana Bal Harbour

Developer spent $8M on art alone to feature in project's sales gallery

February 19, 2016 03:00PM

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The now-topped-off Oceana Bal Harbour construction site in Bal Harbour

The now-topped-off Oceana Bal Harbour construction site in Bal Harbour

Oceana Bal Harbour, an upcoming condo tower in the small village of Bal Harbour, has officially topped off its 28th floor.

Consultatio Real Estate is developing the 240-unit project, which is located on a beachfront site at 10201 Collins Avenue. Each of the building’s units will be flow-through, meaning they have exposures on both the building’s eastern and western sides.

The all-glass tower broke ground in late 2013 and is scheduled to open January 2017, according to a news release. Its lower floors have already received interior buildouts.

Oceana Bal Harbour’s sales center was one of several featured by The Real Deal in November for the “sales center showdown,” which documented the growing trend of sales gallery extravagance as developers fight to outdo each other.

Developer Eduardo Costantini told TRD at the time that art was a major component of Oceana, which is why his firm spent $8 million curating pieces for its $4 million sales center.

Arguably one of Oceana Bal Harbour’s most distinctive features is a 60-foot breezeway notched through the building’s center. That gap will host Jeff Koon’s 11-foot-tall “Pluto and Proserpina” sculpture.

As construction continues, the project’s sales center will be torn down and replaced with Oceana’s outdoor amenities: tennis courts, green spaces and a grand entrance.

The site was formerly known as the Bal Harbour Beach Club before Consultatio purchased it in 2012 for $220 million. A year later, the developer closed on a $332 million construction loan from a group of lenders led by HSBC and began sitework. — Sean Stewart-Muniz

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