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iStar Turns Around Bankrupt Condo Project

MIAMI—Now that the crisis is over, the developer is betting its mixed-use master planned community will completely transform the region when it's completed.

By Jennifer LeClaire | Updated on July 03, 2014

MIAMI—Nearly all of the 160 units iStar Residential owned at One Fifty One at Biscayne are either sold or under contract. iStar just put the units on the market less than six months ago. The strategy: selling condos below replacement costs.

One Fifty One at Biscayne, formerly known as Oaks at Biscayne Landing, is the first phase of a mixed-use master-planned community LeFrak Organization is developing. DevStar Realty managed the sales, marketing and repositioning efforts at the project. 

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