Boymelgreen scores construction loan on Surfside luxury townhome development

Prices start at $1.2M per unit at the the 68-unit townhome

Miami /
Jan.January 19, 2018 05:30 PM

Rendering of Eden Residences Surfside (Credit: Eden Residences)

Developer Menachem Boymelgreen just secured a $23.5 million construction loan for a planned townhome project in Surfside, property records show.

The developer, under the guise of Eden Surfside LLC, wants to build a 68-unit luxury townhome project on about 2.9 acres. The site, between 93rd and 94th Streets on Collins Avenue, sits across the street from Fendi Château Residences building.

Romspen US Mortgage is the lender.

Records show Boymelgreen paid more than $26.5 million, accumulating the 8-parcel site between 2013 and 2015.

Units at the Eden Residences Surfside will range from 1,500 to 3,000 square feet, and will start at $1.2 million, according to a news release. Designed by Architectonica, the development will include amenities like a private rooftop deck, heated swimming pools, fitness centers and private parking.

The Boymelgreen name is well known in Miami and New York real estate worlds.

The family is tied to a controversial partnership with billionaire Lev Leviev, which failed to successfully build a number of condo developments in New York. Shaya Boymelgreen and Leviev also are responsible for developing downtown Miami’s Marquis Miami building. That partnership was sued by the Marquis Miami Condominium Association for poor construction.

Boymelgreen could not immediately be reached for comment.


Related Articles

arrow_forward_ios
Miami-Dade condo sales map and The Surf Club Four Seasons (Google Maps)
Miami-Dade condo sales stay steady in mid-January
Miami-Dade condo sales stay steady in mid-January
Jared Kushner and Ivanka Trump with Arte Surfside (Getty, Arte)
Ivanka Trump, Jared Kushner to rent luxury condo in Miami’s Surfside
Ivanka Trump, Jared Kushner to rent luxury condo in Miami’s Surfside
Irving Langer and Fendi Château Residences (Getty, Google Maps)
Multifamily honcho sells Fendi Château penthouse in Surfside at a loss
Multifamily honcho sells Fendi Château penthouse in Surfside at a loss
Alex Sapir and Arte by Antonio Citterio (Getty, Arte)
Developer Alex Sapir sells Arte penthouse for $33M
Developer Alex Sapir sells Arte penthouse for $33M
The Surf Club at 9001 Collins Ave. (Google Maps)
Apartment management firm pays $12M for second condo at Surf Club Four Seasons
Apartment management firm pays $12M for second condo at Surf Club Four Seasons
Alex Blavatnik with his Faena House unit (left) and new Fendi Château unit (Getty, Compass)
Alex Blavatnik sells Faena House unit, buys at Fendi Château
Alex Blavatnik sells Faena House unit, buys at Fendi Château
Alex Sapir and Bella Sapir (Credit: Mark Von Holden/WireImage via Getty Images, and ADRIEL REBOH/Patrick McMullan via Getty Images)
Alex Sapir’s family closes on condos at Sapir’s Arte in Surfside
Alex Sapir’s family closes on condos at Sapir’s Arte in Surfside
A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project
Voters decide South Miami, Surfside and Bal Harbour real estate referendums
Voters decide South Miami, Surfside and Bal Harbour real estate referendums
arrow_forward_ios

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

Loading...