The Real Deal Miami

Condo project underway in Hillsboro Beach

Developer starts 1200 The Ocean six years after finishing similar building nearby
1200 The Ocean rendering

1200 The Ocean rendering

Six years after finishing a boutique condo building in Hillsboro Beach, the Marrano/Marc Equity development firm is back in town with another waterfront project.

Marrano/Marc started construction earlier this month on 1200 The Ocean, an 18-unit beachfront building across State Road A1A from its last Hillsboro Beach development, the Sun-Sentinel reported. Unit prices range from $900,000 to $2.3 million. The firm hopes to finish 1200 The Ocean by September 2015.

Both 1200 The Ocean and Marrano/Marc’s 1200 Hillsboro Mile are to be governed by the same condo documents. The housing collapse resulted in the 11-unit 1200 Hillsboro Mile taking six years to sell out.

Marrano/Marc expects to sell 1200 The Ocean at a much faster clip. The firm already has five of the 18 units under contract since January. [Sun-Sentinel] Eric Kalis