On the scene at Turnberry Ocean Club’s broker luncheon: PHOTOS

Developer is in talks with lenders for construction financing

TRD MIAMI /
Dec.December 15, 2016 10:30 AM

With its groundbreaking ceremonies now in the rear view mirror, Turnberry Associates recently held a “Power Brokers” party to showcase the developer’s upcoming Turnberry Ocean Club condo project in Sunny Isles Beach.

The event was held at Turnberry Ocean Club’s sales gallery, where agents from Brown Harris Stevens | Zilbert, One Sotheby’s International Realty, Turnberry Realty and other brokerages gathered to have lunch and check out a fully furnished model unit. Turnberry also had a flock of flashy retailers from Aventura Mall, of which the company owns a majority stake, bring a selection of their merchandise to the party.

Construction began for Turnberry Ocean Club in November, months after the 650-foot tower’s previous groundbreaking date of spring 2016. The building will have 154 units with asking prices starting at $3.9 million for a three-bedroom condo when it opens in 2018. The developer is now looking to close on construction financing and is in talks with several lenders.

One Sotheby’s is handling sales, and 40 percent of the units have been purchased so far. — Sean Stewart-Muniz and Katherine Kallergis


Related Articles

arrow_forward_ios
David Martin and Jackie Soffer, with a rendering of the project

800-key Miami Beach Convention Center Hotel to be a Grand Hyatt

800-key Miami Beach Convention Center Hotel to be a Grand Hyatt
Bruce Weiner

Jeffrey Soffer taps ex-Turnberry CEO to lead resi division at his new company

Jeffrey Soffer taps ex-Turnberry CEO to lead resi division at his new company
Rendering of Turnberry Ocean Club and Jeffrey Soffer

Under-construction Turnberry Ocean Club condo tower scores $460M refi

Under-construction Turnberry Ocean Club condo tower scores $460M refi
Jeffrey Soffer and Fontainebleau Miami Beach

Jeffrey Soffer wants to expand the Fontainebleau Miami Beach

Jeffrey Soffer wants to expand the Fontainebleau Miami Beach
Turnberry Village North Tower

Lawsuit accuses Aventura condo board of election violations

Lawsuit accuses Aventura condo board of election violations
Office building blueprints (Credit: iStock)

Will new Opportunity Zones rules propel an office boom?

Will new Opportunity Zones rules propel an office boom?
Turnberry partners and siblings Jackie and Jeffrey Soffer split up

Turnberry partners and siblings Jackie and Jeffrey Soffer split up

Turnberry partners and siblings Jackie and Jeffrey Soffer split up
First phase of $4B SoleMia project completed

First phase of $4B SoleMia project completed

First phase of $4B SoleMia project completed
arrow_forward_ios

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

Loading...