Estate Companies plans Soleste apartments in North Miami Beach

23-story tower, dubbed Soleste NoMi, will have 367 units

Miami /
Sep.September 17, 2020 03:30 PM
Jeff Ardizon and Robert Suris, with a Soleste NoMi Beach rendering (Credit: The Estate Companies)

Jeff Ardizon and Robert Suris, with a Soleste NoMi Beach rendering (Credit: The Estate Companies)

The Estate Companies received approval for a waterfront 23-story apartment tower in North Miami Beach.

The tower, dubbed Soleste NoMi, will have 367 units, 2,708 square feet of commercial space and 655 parking spaces. It will be on almost two acres at 16395 Biscayne Boulevard.

The Estate Companies expects to break ground toward the end of the year on the 686,000-square-foot tower, according to a press release. Apartments will range from 700 square feet to 1,300 square feet, with one-bedroom, two-bedroom and three-bedroom units. The complex will include a pool, waterfront promenade, fitness center, spa, rooftop garden and co-working stations.

North Miami Beach gave site plan approval for the project at its commission meeting on Tuesday, according to the release.

The land is owned by a company with ties to Keystone Holdings, a Miami-based developer led by brothers Mike and Reinaldo Mouriz and cousin Enrique Puig. The Estate Companies is the sole developer on the tower.

Keystone bought the land in 2005 as part of an $8.3 million deal.

At the city commission meeting, an attorney representing Keystone requested a reduction in the size of the apartment tower originally planned for the site. The tower was supposed to stand 32 stories with 480 units.

In 2016, Keystone sold some of the land bought in that 2005 deal, the land at 16375 Biscayne Boulevard, to Transamerican Development for $13.4 million. A project on Keystone’s website sharing the same address and description said the so-called “Keystone Grand” was supposed to be finished by the fourth quarter of 2022.

Other Keystone projects under construction, according to its website, include a 7,000-square-foot medical center at 385 West 49th Street in Hialeah, a 112-unit mixed-use development at 1200 Northwest 57th Street and a 154-unit mixed-use building with 11,000-square-feet of retail at 10 Northwest 42nd Avenue in Miami.

The Estate Companies has been busy growing its Soleste brand of apartments. In February, it completed Soleste Twenty2, an eight-story, 338-unit development at 2201 Ludlam Road in West Miami. This month, the company scored a $36 million construction loan for Soleste Spring Gardens, an eight-story apartment complex in Miami’s Health District. Also this month, the company secured a $4.7 million loan with plans to bring an eight-story, mixed-use multifamily project dubbed Soleste Cityline to Dania Beach.






    Related Articles

    arrow_forward_ios
    Gil Dezer and renderings of the project (Renderings via Zyscovich Architects)
    Neighbors sue to overturn approval of Dezer’s mega project in North Miami Beach
    Neighbors sue to overturn approval of Dezer’s mega project in North Miami Beach
    Christopher Forest Longsworth (Invesca)
    Invesca CEO Christopher Longsworth dies at 36
    Invesca CEO Christopher Longsworth dies at 36
    Freedom Marina and Pennell’s Marina (Courtesy of William Cunningham III)
    Two Deerfield Beach marinas sell for $18M, buyer plans multifamily project
    Two Deerfield Beach marinas sell for $18M, buyer plans multifamily project
    16395 Biscayne Boulevard and a renderings of the project with (top) Robert Suris and (from left) Mike Mouriz, Reinaldo Mouriz and Enrique Puig (Google Maps, Estate Cos.)
    Estate Companies pay $13M for North Miami Beach apartments dev site
    Estate Companies pay $13M for North Miami Beach apartments dev site
    Renderings of 502 NY 207th Street and Coastland Construction president Alex Rodriguez (Coastland, Miami Gardens)
    Touchdown! Housing development near Hard Rock Stadium scores $38M loan
    Touchdown! Housing development near Hard Rock Stadium scores $38M loan
    The Allen Apartments with Mark Samuelian, Michael Gongora and Ricky Arriola (Miami Beach Community Development Corp., Wikipedia Commons)
    Miami Beach may create incentives for affordable housing developers
    Miami Beach may create incentives for affordable housing developers
    Nick Rojo and Jeff Burns (Affiliated, iStock)
    Affiliated Development launches $125M workforce housing fund
    Affiliated Development launches $125M workforce housing fund
    Northland's Lawrence Gottesdiener with the Del Oro and Plantation Meadows apartments (Google Maps)
    Plantation apartment complexes sell for $57M
    Plantation apartment complexes sell for $57M
    arrow_forward_ios

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

    Loading...