Oceana Bal Harbour Developers Claim Sell Out Value New Record for Miami

Developer Eduardo Costantini of Consultatio has estimated the sell-out value of their Bal Harbour super-project Oceana Bal Harbour to be $1.3 billion. They claim this would be a record for Miami, and would be a nice return on the $220 million they paid for the site and $332 million construction loan. The 28-story building will feature 240-units and topped off in February. Two penthouse units recently went under contract at $26 million a piece, bringing the project to over 75% sold with the bottom floors already having received their interiors. Opening price points were around $2 million with 2,3 and 4 bedroom layouts. Closings are expected to begin in November. 

Four Seasons Surf Club Condominium & Hotel Resort Nears Completion

The Surf Club has been an integral part of the cultural history of Miami Beach since its inception as a private social club in the 1930's. Since ground breaking in March 2014, The Four Seasons Surf Club Condominium & Hotel Resort in Surfside has quickly become an iconic redesign of a historical landmark on Collins Ave. The building will feature a hotel and residences across 3 glass towers, 2 of which are residential and 1 hotel including 150 residences and 77 hotel guest rooms. The newly restored development will include full five star amenities including oceanfront dinging, spa, gym, shopping, private and hotel pools and beautifully landscaped gardens. Residences come in one-to-six bedroom plans ranging from 1,800 SF to 7,800 SF and 11-foot deep balconies. The Four Seasons Surf Club is a truly exciting new building to shake up North Miami Beach as the towers are completed and construction teams put the final touches before landscapers can finish off. Keep an eye out for late 2016 opening.