Gil Dezer is assembling a big chunk of land in Sunny Isles Beach

Miami /
Jul.July 15, 2016 03:45 PM

With his Porsche Design Tower condominium nearing completion, Gil Dezer has already set his sights on another prime piece of land in Sunny Isles Beach.

The developer has a piece of bayfront land owned by Publix under contract, and after closing he hopes to combine it with a neighboring 3-acre site he already owns, The Real Deal has learned.

Publix owns three parcels at 18330 Collins Avenue, where it currently operates a 42,000-square-foot grocery store that was built in the 1980s. The store itself is practically waterfront, separated from the Intracoastal Waterway only by its rear loading dock.

Two years ago, the supermarket chain filed plans to build a new three-story location with a parking garage much closer to Collins Avenue, plus a sleek 21-story condo tower designed by architect Kobi Karp on the waterfront land it was vacating.

But after strong public backlash from Sunny Isles residents — including a public critique from an attorney representing Dezer, according to a report from the Miami Herald — Publix withdrew the condo portion of its plans.

Publix still plans on razing its current store and building a new three-story building with 53,000 square feet of space closer to Collins Avenue, and has now signed a unity of title for the parcels it needed to move forward with the project, county records show. The unity covers two of the parcels.

That leaves one to-be-vacant bayfront parcel up for grabs — and Dezer has already called dibs.

Dezer told TRD that he placed the land under contract last year. The contract is contingent on Publix moving its store, and the grocery chain still has two more years to make that happen, he said.

Dezer Development already owns the land immediately to the north, which measures roughly three acres, and adding the Publix land gives him roughly five acres of waterfront land with about 500 feet of frontage on the bay. The deal also comes with 13 acres of submerged land, he said, which could be developed into a marina for whatever project is built on his combined parcels.

Since the deal hasn’t closed, Dezer said it’s too early to talk about plans for the property. He did say that there’s strong demand for product on the western side of Sunny Isles Beach in the $500,000 to $1 million range, as opposed to the multimillion-dollar condos currently trading on the ocean side.

And while his firm might not even get to it this cycle, Dezer said, that’s just part of doing business.

“It’s part of our business plan. We don’t mind holding it for future inventory,” Dezer told TRD. “We plan on building here for many many years.”


Related Articles

arrow_forward_ios
Planned Waldorf Astoria Miami wins design approval
Planned Waldorf Astoria Miami wins design approval
Planned Waldorf Astoria Miami wins design approval
Rendering of N29 project as seen from NW 29th Street and 1st Avenue and Carpe Real Estate Partners co-founder David Weitz (L&L Carpe Wynwood Holdings)
Miami board rejects design for massive Wynwood mixed-use project, N29
Miami board rejects design for massive Wynwood mixed-use project, N29
https://therealdeal.com/sanfrancisco/2021/10/19/sf-planning-commission-chooses-laundry-over-housing/
Surfside collapse mediation hits standoff, as rival sides dig in heels on disbursements
Surfside collapse mediation hits standoff, as rival sides dig in heels on disbursements
Don Peebles, Michael Swerdlow and a rendering of the development (Black 55)
Don Peebles drops remaining $160M claims tied to Overtown development lawsuit
Don Peebles drops remaining $160M claims tied to Overtown development lawsuit
Lissette Calderon and renderings of The Julia (Neology Life)
Lissette Calderon scores $78M construction loan for second Allapattah multifamily project
Lissette Calderon scores $78M construction loan for second Allapattah multifamily project
From left: Cavalli Tower with Hussain Sajwani of Damac and the Surfside condo collapse site (Damac, Wikimedia, Getty)
From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
Pompano Beach mixed-use project scores $45M construction loan
Pompano Beach mixed-use project scores $45M construction loan
Pompano Beach mixed-use project scores $45M construction loan
Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...