Updated, 4:40 p.m., Nov. 9: Originally set to break ground in the spring, Turnberry Associates will begin construction next week on Turnberry Ocean Club, a luxury condo tower in Sunny Isles Beach.
The developer, led by Turnberry co-chairman Jeffrey Soffer, is in talks with lenders for construction financing for the 154-unit, 650-foot tall condo tower, a spokesperson told The Real Deal. Soffer said in a statement that the number of new development projects, coupled with challenges of building a condo tower like his Sunny Isles Beach project affected construction timing.
Units at Turnberry Ocean Club, planned for 18501 Collins Avenue, start at $3.9 million and range from three to six bedrooms. The building hit 40 percent sales, up from the 30 percent reported in July. Buyers hail from Latin America, Europe, the Middle East, Asia and the Northeast, sales director Nikol Solares said.
The project opened a satellite office in Manhattan to continue to tap into that market and is registered in New York. One Sotheby’s International Realty is handling sales. Through a partnership with One Sotheby’s Corcoran Group broker Mike Fabbri, will handle on-the-ground sales in New York.
The all-glass building is being designed by Carlos Zapata, Robert Swedroe, Jan Clausen and EDSA. Amenities, which total about 70,000 square feet, include three lounge areas, three private dining areas, six floors of amenities, thirty-one ocean view cabanas and three swimming pools. Units will have balconies that are 11 feet deep, according to a press release.
Turnberry plans to complete its expansion of Aventura Mall by next year, and is also part of the joint venture building SoLe Mia in North Miami.