Marina Palms is now completed at nearly 95 percent sold: VIDEO

Video by Alistair Gardiner

Marina Palms, a twin-tower, 468-unit condo development in North Miami Beach is now completed and nearly 95 percent sold.

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The Plaza Group and the DevStar Group secured their temporary certificate of occupancy for the Reserve at Marina Palms, the second tower to be delivered. Closings are expected to begin soon, the developers said.

The north tower was completed in November 2015, and is now sold out. At the south tower, 27 units remain unsold with prices starting at $950,000 and penthouses from $1.2 million.

Marina Palms is the first major project to be completed in North Miami Beach this cycle, and the first one in Miami-Dade with a new full-service marina in two decades, the developers said. North Miami Beach, long known for its mid-rise apartment buildings and shopping centers along Biscayne Boulevard, has attracted developers that include the Harbour developers Key International and 13th Floor Investments, CK Prive Group, and a group led by Jay Massirman, Jay Jacobson and Hunt Companies. – Katherine Kallergis