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.