Boutique mixed-use development in MiMo launches sales

Will include 63 condos, five townhomes and ground floor retail

TRD MIAMI /
Aug.August 11, 2015 11:15 AM

Renderings of 64 Park Place

A new mixed-use condominium project is coming to MiMo, The Real Deal has learned.

Argentina-based Vitrium Capital is developing 64 Park Place, a 68-unit boutique building with ground floor retail. Westside Estate Agency has been tapped as the exclusive sales and marketing firm for the mid-rise development at 6443 Biscayne Boulevard, in the heart of the Miami Modern Biscayne Boulevard Historic District.

“This project is right in our backyard and a terrific opportunity for WEA to present itself to the market,” Cyril Bijaoui, principal and broker at WEA Miami, said in a statement. “The MiMo District is benefitting from a long overdue renaissance and WEA is very excited to be part of it.”

MiMo, which is located between 50th and 77th streets along the boulevard, was known for its run-down motels. Now, the area has seen a transformation with a steady influx of trendy shops, good restaurants and new office space.

The units at 64 Park Place break down to 63 one, two and three-bedroom condos, as well as five two-story townhomes. Prices will range from the low $300,000s to the upper $700,000s. Amenities will include a rooftop pool and deck with views of Biscayne Bay and Legion Park, an interior bamboo garden, gym and a parking garage.

Ground floor retail for the project will span 2,324 square feet. Twenty-five percent of the building is reserved, according to a press release.

Developers paid about $2.67 million for the 35,864-square-foot assemblage in January 2014, according to Miami-Dade County property records.

Los Angeles-based WEA opened its Miami office earlier this year, Bijaoui told TRD. The firm works with celebrity and high net worth clients, and averages $9 million per transaction.

64 Park Place is slated for completion in late 2017. Also nearby is the planned Boulevard 57, a 108-unit development between 57th and 58th streets.


Related Article

arrow_forward_ios
Miami Design District (Credit: Miami Design District)

The Weekly Dish: Robuchon restaurants set Miami opening dates, new restaurants planned for MiMo & more

Developer of American Legion project in MiMo scores $51M loan

The Weekly Dish: the Halal Guys head to Davie, MiMo gets a new pizza joint…and more

Miami board grants approval to Legion East with design changes

Legion Memorial Park development plans meet stiff opposition from residents

Alex Karakhanian buys dry cleaners building in MiMo for $1.5M

BarMeli to open in former Michy’s space on Biscayne Boulevard

Another Biscayne Boulevard restaurant, the Fed, shutters

arrow_forward_ios