MIAMI-The development once touted to be the catalyst for North Miami Beach's redevelopment has a new lease on life with construction expected to begin soon on the 468-unit condominium project.
The development, once known as Marina Grande, is now under new ownership and has a new name--Marina Palms Yacht Club & Residences. The project being built on 14 acres near the 17200 block of Biscayne Boulevard is being built by affiliates of the Plaza Group and the DevStar Group, according to the Miami Herald.
Marina Palms will consist of two condominium buildings, consisting of 234 residences in each tower, and a full-service marina with 112 slips.
George Helmstetter, a principal with the DevStar Group, says “There is no real sense of arrival when you cross the border into North Miami Beach. This will be an icon that defines the entrance into North Miami Beach.”
The two-, three- and four-bedroom residences start in the low $600,000s, with prices starting in the low $300s per square foot.
The first tower is expected to be finished sometime next year, with the entire project wrapping up sometime in 2015. See story in the Miami Herald.
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