Construction of 41-unit Bay Harbor condo begins

The developer has sold 70 percent of Bijou Bay Harbor

Miami /
Jun.June 03, 2017 09:15 AM

UPDATED June 6 10 a.m.: The developer of Bijou Bay Harbor held a groundbreaking ceremony to launch construction of the 41-unit condominium in Bay Harbor Islands.

The development company behind the condo project, called Ability by Acierto, has sold 70 percent of the units.

The development site at 9521 East Bay Harbor Drive in Bay Harbor Islands is located across the Intracoastal Waterway from the Bal Harbour Shops shopping center.

Pre-construction prices for the 41 units at Bijou Bay Harbor range from the mid-$600,000s to $2 million for penthouses. The sizes of the units range from  900 square feet to a little more than 2,000 square feet.

Bijou Bay Harbor is the first South Florida development by Ability by Acierto, a U.S. development company founded by developer Juan Carlos Gonzalez.

Gonzalez runs Acierto Immobiliario, the second-largest real estate development company in Colombia, which has built 10 million square feet of commercial and residential projects.


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
arrow_forward_ios

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

Loading...