Juan Carlos Gonzalez, a Colombian developer, intends to break ground for a seven-story, 41-unit condominium in Bay Harbor Islands early next year.
Unit sizes at the Bijou Bay Harbor condominium would be 900 square feet to 2,000 square feet, and the prices start at $530 per square foot. The location in Bay Harbor Islands is near both Bal Harbour and Miami Beach.
Bijou Bay Harbor is the first South Florida condo project for Gonzalez, who runs Acierto Inmobiliario, a development company in Colombia that does commercial and residential projects.
Gonzalez is working on the Bijou Bay Harbor development with architects Luis Revuelta and Charles Benson and designer Adriana Hoyos.
A U.S. affiliate of Gonzalez’s company paid $8.5 million in March for the site of Bijou Bay Harbor at 9521 East Bay Harbor Drive in Bay Harbor Islands, county property records show.
Colombians are looming larger in South Florida’s real estate market. In July, Colombia was the leading source of foreign buyers searching for properties on the website of the Miami Association of Realtors, replacing recession-burdened Brazil for the first time in 13 months. [Miami Herald] — Mike Seemuth