Nearly 1,000 New Units Proposed for Bal Harbour
Developers are proposing nearly 1,000 new condo units in the Bal Harbour, Surfside and Bay Harbor Islands market.A combination of local and international developers - in unrelated projects - are proposing to construct 14 towers with combined 140 floors of units on primarily waterfront locations that front the Atlantic Ocean or the Intracoastal Waterway.
"On paper, the Bal Harbour, Surfside and Bay Harbor Islands market is one of the hottest submarkets on the barrier island for proposed condo projects," said Peter Zalewski. Buyers have been increasingly active in the Bal Harbour, Surfside and Bay Harbor Islands market for at least the last year following the January 2012 grand opening of the St. Regis Bal Harbour Resort & Residences located on 9700 block of Collins Avenue. In 2012, buyers purchased 185 new condo units in the St. Regis Bal Harbour Resort & Residences for more than $700 million.
With the average new condo sales price topping $1,490 Sqf at the St. Regis Bal Harbour in 2012, developers are proposing a variety of new projects in the area with differing price ranges and amenities, including the 28-story Oceana with 260 units in Bal Harbour, the 12-story Chateau Ocean with 85 units in Surfside, and the eight-story Island House with 93 units in Bay Harbor Islands. Most condo projects have already begun moving this year with delivery scheduled around 2015 or early 2016.
The glistening shores of Bal Harbour have long been one of the world’s most desired and most prestigious residential destinations. The Bal Harbour, Surfside and Bay Harbor Islands market of the barrier island stretches 20 blocks long from 87th Street north to the Haulover Beach Inlet, and the Atlantic Ocean west to the Intracoastal Waterways between South Beach and Sunny Isles Beach in Northeast Miami-Dade County. A world of swaying palms and pristine white-sand beaches; high fashion from brands like Chanel, Versace, Dolce & Gabbana, Alexander McQueen, and Brioni; and relaxing days and evenings strolling along cafés and sidewalk bistros and sampling the offerings of the area’s most well-known chefs will be waiting for you.
Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
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