Developer adds to Dean’s Gold assembly in North Miami Beach

CK and Privé acquired the strip club next door for $23.5M in September

Nov.November 05, 2015 11:15 AM

After dropping $23.5 million on the strip club Dean’s Gold in North Miami Beach, a group of Aventura investors and developers have expanded north, buying the adjacent 1.8-acre parking lot for $12.7 million.

An affiliate of CK Holding Group and Privé Land Banking bought the property, which is sandwiched between Dean’s Gold and ABC Fine Wine & Spirits, north of 163rd Street along Biscayne Boulevard.

In September, CK and Privé acquired the strip club, at 2355 Northeast 163rd Street, with plans to develop it into a mixed-use project designed by Miami-based Arquitectonica. Dean’s Gold has a triple-net lease for that property.

The assemblage is located within a district recently rezoned for high-density redevelopment. CK and Privé financed the parking lot acquisition with an $11 million loan from Marquis Bank.

Biscayne Office Center LLC sold the parking lot, according to Miami-Dade County records. Carlos Raul Saidon, Leon Miguel Angel Wilensky, Charles Ittah, Hugo Behar and Soly Dimal are all company managers. The Hollywood-based LLC paid $5 million for the site in 2006, property records show.

Nearby at 16385 Biscayne Boulevard, 13th Floor Investments and Key International are developing the Harbour, a 125-unit, twin tower condo development.

Privé Group is also partnering with CK Holding on an office condo project just west of Aventura. Forum Aventura, also designed by Arquitectonica, will have 12 stories with ground level retail condos and a rooftop terrace.

Related Articles

Gil Dezer and 3909 Northeast 163rd Street (Credit: Google Maps)

Dezer picks up office building next to Intracoastal Mall

Rendering of the project, Davide Bizzi and Jeff Bercow

North Miami Beach approves Bizzi & Partners’ mixed-use tower

Alex Zylberglait of Marcus & Millichap and 2020 Northeast 163rd street

Argentine investor nabs North Miami Beach Opportunity Zone property

Rendering of Crescent Heights’ project with Russell Galbut

Crescent Heights to begin construction of massive Edgewater project

Daily Digest Miami

Ken Griffin pays nearly $100M for Palm Beach estate, new renders of 830 Brickell office tower: Daily digest

From left: Jacob Serure, Elliot Shainberg, Deme Mekras, and Aaron Kurlansky with California Club Apartments

Coral Springs investor buys apartment complex near Aventura

Brett David and a rendering of the auto spa

Prestige Imports plans $2M “auto spa” in North Miami Beach

Jorge Savloff and Marco Tenenbaum with a rendering of the project

Blue Road wins approval for Capri condo tower in North Miami Beach