The Harbour, a planned condominium development on Biscayne Bay in North Miami Beach, has reached 73 percent under contract and is breaking ground on Wednesday.
Key International and 13th Floor Investments are co-developing the project, which will consist of two 32-story towers with 425 residences at 16385 Biscayne Boulevard.
Remaining units range in size from 1,032 square feet to 2,442 square feet, with prices from $552,000 to $1.2 million.
In August, the developers closed on a $30.5 million purchase for the project’s five acres of land. The seller was an affiliate of Southern Homes Mangement, which paid $3.7 million for the property in 2004, according to Miami-Dade property records.
When completed, the Harbour will feature an aromatherapy trail, with plantings of chamomile, eucalyptus and other plants aimed at restoring and soothing the mind and body. The trail — available only to residents — will also be peppered with watering stations that will offer water infused with coconut, lemon and green tea, and chlorophyll, the developers told TRD last year.
Other amenities include an outdoor Vita course, a variety of watersports, marina and boat rental, and an indoor-outdoor spa.
Sales for the North Miami Beach project are handled exclusively by Key International Sales. The project is now 73 percent under contract, according to a spokesperson. That’s up from 70 percent in August when they completed the land deal. Groundbreaking was originally expected by the end of last year.
The waterfront project represents the fourth collaboration between Key International and 13th Floor Investments. The two firms’s other developments include 400 Sunny Isles, Eden House and 1010 Brickell. — Ina Cordle