3H Group Hotels buys dev site in Edgewater

Property is currently home to the Peruvian restaurant Limon y Sabor

Aug.August 02, 2018 01:30 PM

Renderings for hotel development at 3047 Biscayne Boulevard and Hiren Desai

3H Group Hotels continues to target Miami’s Edgewater neighborhood.

The hotel development firm just picked up a property at 3047 Biscayne Boulevard with approved plans to build a 13-story hotel with 137 rooms. The company, led by developer Hiren Desai, is also building an AC Hotel by Marriott just a couple of blocks north with partner Aztec Group.

Records show Biscayne Point Lodging LLLP paid $7 million for the 20,240-square-foot lot. The property, which is currently the site of the Peruvian restaurant Limon y Sabor, was on the market for $8.75 million.

The seller, Prime Biscayne Property LLC, is led by Kevin, Roy and Ronald Faith of Faith Investment Properties Group. FIP also owns the Soho Studios in Wynwood, one of the largest event spaces in Miami.

In June, Miami’s Urban Development Review Board approved a proposal submitted by the seller, which called for a 147,363-square-foot hotel with a pool, tiki lounge and indoor lounge. Plans also feature about 6,900 square feet of commercial space, 10,575 square feet of office space and about 3,700 square feet of open space. Architect Kobi Karp designed the project.

3H Group, formed in 2000, is headquartered in Chattanooga, Tennessee. In South Florida it also owns the 151-unit Hampton Inn & Suites Miami Midtown at 3450 Biscayne Boulevard.

Edgewater continues to explode with new residential construction, including four Paraiso towers, Biscayne Beach, Elysee Miami, Aria on the Bay and Missoni Baia.

Related Articles

Z Ocean Hotel

Developers misrepresented Z Ocean Hotel’s dire finances: judge

321 North Federal Highway and a rendering of the project (Credit: Google Maps)

Dania Beach approves Avid Hotel on Federal Highway

Rendering of Missoni Baia with a concrete truck and Vlad Doronin (Credit: Getty Images and iStock)

5,800-ton concrete pour set for Missoni Baia condo tower

Jeffrey Dagowitz, Ophir Sternberg and 100 21st Street (Credit: Getty Images, Google Maps)

Lionheart and Jeffrey Dagowitz sell Seagull Hotel Miami Beach for $120M

Susan Gale and the South Beach hotels

South Beach hotels hit the market for $24M

Kobi Karp and the Miami Ad School property (Credit: Wikipedia)

Architect Kobi Karp buys Miami Ad School in Wynwood

Hyde Beach House Resort & Residences, Carlos Rosso and Drew Sims

Sotherly closes on acquisition of Hyde Beach House hotel space

Sleep Inn Miami Airport, Holiday Inn Express Miami Airport Central Miami, Gabriel Shamay and David M. Greenberg (Credit: Google Maps)

Amid supply surge, 2 hotels near MIA sell for $21M