Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Locally based Key International is planning to break ground in late 2007 or early 2008 on 400 Sunny Isles. The $206-million, 230-unit condominium project will rise on 163rd Street just west of Collins Avenue in the Sunny Isles section of Miami Beach.

The project, situated on 640 feet of bayfront property, will include two- and three-bedroom lofts, townhouses and flats that range in size from 1,423 to 2,300 sf. Prices will range from the $600,000s to more than $1.7 million. As part of the project, owners will have the option to buy a dry or wet dock marina slip. Fractional yacht ownership will also be offered. The project site used to contain a 250-slip marina, which has been demolished. The project is expected to be completed in early 2010.

Key International president Inigo Ardid tells GlobeSt.com that 160 units have been sold. Ardid says the project is attracting boat owners interested in lower cost alternatives for properties where they can keep their boats next to their homes. “To buy a house on the water may cost $2 million,” Ardid says. “This is the best price alternate in the market for property where people can have their boats at their homes.”

The project will consist of two 20-story towers. It will include “the Sandbox,” a yacht and beach club bistro featuring a bayfront beach, sand floor, sunset pool, cabanas and sand volleyball court. “There will be bay views from each unit and the project is walking distance to the beach,” he says.

Chad Oppenheim is the architect of record and Urbanica Group is the interior designer on the project. Fortune International will handle sales. Key International is also developing the Ivy and Mint, two condominium projects on the Miami River.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.