The developers will demolish adjacent apartment buildings at 455 and 521 Northeast 39th St. The architect, Miami Beach-based Kobi Karp, is designing buildings of varying heights. Sale prices for lofts begin just under $300,000. Prices for one-, two- and three-bedroom condo units begin in the mid-$500,000s, and four 2,444-sf townhouses are priced between $999,500 and just over $1 million. Eight penthouse units of more than 2,500 sf with private, 1,500-sf terraces will cost more than $1 million.

The partners would not disclose the construction cost, but say sell-out is estimated at $59 million. Fawell says Tivoli departs from the modern, urban surroundings to reflect a "European-style residential village." The courtyard, he says, will feature arched pathways, gazebos with climbing bougainvillea, wrought iron staircases with Mediterranean tile risers, fountains, pools and an outdoor spa. Locally based Geomantric Designs has the landscaping contract. The complex will also contain a fitness center, business center and meeting room. All residential units will have private ground-floor parking.

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