Avva Residences & Marina, a five-unit luxury waterfront condominium project in Aventura, has recently launched sales, The Real Deal has learned.
With one residence per floor, each condo in the five-story building is planned to have 5,059 square feet of interior space, and 1,123 square-feet of terrace with a summer kitchen, David Markovich, president of development sales for Decorus Realty, told TRD. The firm is exclusively handling sales and marketing for Avva.
Prices range from $3.15 million to $4.25 million for the penthouse.
The project, at 20605 Northeast 34th Avenue, is being developed by a Mexican developer, said Markovich, who declined to name the developer.
Property records show that Aventura 34th Ave LLC paid $2.3 million for the 22,239 square-foot lot in December 2012. Salo Wagenberg is listed as the entity’s registered agent on several documents.
In 2013, the Aventura commission voted to rezoned the site, a former park, as RMF3A Multifamily Medium Density Residential, from RS2 Residential Single Family, based on Wagenberg’s request, city records show. The zoning category permits multifamily residential buildings with a maximum density of 45 dwelling units per acre and a maximum height of seven 7 stories or 80 feet. The developer agreed to a stipulation to restrict the maximum number of dwelling units to five.
When completed, Avva will feature a rooftop terrace with pool, fitness center, lounge area and a playground. Each unit includes a yacht slip in the adjacent private marina, two private elevators and four enclosed garage parking spaces, according to marketing materials.
The residences are being offered in three-, four- and five-bedroom configurations, with four or five baths, a powder room and private service suite. The units are to be custom designed by Interiors by Steven G. and will include Italian kitchen cabinetry by MiaCuccina with Sub-zero and Wolf appliances, marketing materials show.
Avva is expected to break ground during the second quarter of 2016, and will be completed in the summer of 2017, Markovich said.
The project is among at least 21 new condo buildings with more than 2,625 units announced for the Aventura market that stretches from the Broward County line south to Northeast 163rd Street, and the Intracoastal Waterway west to I-95, according to Cranespotters.com data. Aventura Place and Bellini Williams Island are among the projects already completed this cycle.
In March, the Château Group — a luxury developer that has announced plans for at least seven new towers during this cycle — opted to unload rather than build upon a prime site in Aventura. Granite Aventura LLC paid $21.6 million for the nearly two-acre vacant site on Northeast 185th Street just east of Biscayne Boulevard in Aventura.