More condos proposed in North Miami Beach

Miami /
Aug.August 08, 2014 09:45 AM

Another high-rise condo project is being proposed in North Miami Beach, a city located just west of Sunny Isles Beach and south of Aventura, The Real Deal has learned.

Biscayne Cove LLC, owned by Keystone Holdings principals Enrique Puig and Reinaldo Mouriz, applied for a zoning change to allow two 145-foot tall residential towers to be built just east of Biscayne Boulevard by Northeast 163rd Street on a 4.2-acre site where Area Code 55 Brazilian Steakhouse and the shuttered Miami Grill restaurant now stand.

Dubbed Riverwalk at North Miami Beach, the proposed project includes 295 units and a ground-floor restaurant. Riverwalk is also slated to be built next to a 4.4-acre site by the Oleta River, where a pair of developers hopes to build two 25-story towers, and less than a mile from Marina Palms, a 25-story twin condo tower project now under construction near Maule Lake.

Calls to Puig and Mouriz were not returned.

Biscayne Cove bought the land, which is presently zoned for commercial uses, from Brinker Florida for $8.3 million in August 2005. The city allowed residences to be built on the site back in 2006, but the permit lapsed when the developer failed to start construction within 18 months. The city approved the development again last year, but those plans were stalled by ABC Fine Wines and Liquors, which feared the project would obscure its store that’s located just south of Area Code 55.

Thanks to a new site plan, which allows traffic on Biscayne Boulevard to continue accessing the liquor store, ABC has dropped its objections to Riverwalk, according city planner Carlos Rivero.

The latest plans for Riverwalk at North Miami Beach will come before North Miami Beach’s Planning and Zoning Board on Monday.


Related Articles

arrow_forward_ios
13900 Northeast Third Court and 18905 Northeast 25th Avenue (Google Maps)
Claridge House, Regents Park at Aventura nursing homes trade for $33M
Claridge House, Regents Park at Aventura nursing homes trade for $33M
Related's Jorge Pérez and Jon Paul Pérez, Teddy Sagi and a rendering of the White House Inn
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
PMG flips former Johnson & Wales lots for $10M
PMG flips former Johnson & Wales lots for $10M
PMG flips former Johnson & Wales lots for $10M
Ex-Sagamore Hotel owners set North Miami record with $11M home sale
Ex-Sagamore Hotel owners set North Miami record with $11M home sale
Ex-Sagamore Hotel owners set North Miami record with $11M home sale
Medical Properties Trust CEO Edward K. Aldag, Jr. with North Shore Medical Center (WikiMedia via John Nuno)
Medical Properties Trust expands South Florida portfolio with $276M buy
Medical Properties Trust expands South Florida portfolio with $276M buy
12350 Biscayne Boulevard and buyer Yoram Izhak (Google Maps)
Johnson & Wales sells more North Miami properties for $21M
Johnson & Wales sells more North Miami properties for $21M
Coronado Towers in North Miami (Google Maps, Getty)
North Miami condominium’s balconies deemed unsafe
North Miami condominium’s balconies deemed unsafe
The Johnson and Wales campus and PMG principals Kevin Maloney and Ryan Shear (PMG)
PMG pays nearly $60M for Johnson & Wales North Miami campus
PMG pays nearly $60M for Johnson & Wales North Miami campus
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...