Alta Developers Plan to Build 96 Unit Development in North Miami
In North Miami, Alta Developers plans to replace an outdated waterfront apartment complex with a 96-unit condo development.
According to an Alta application to Miami-Dade County, the Miami-based development company, directed by Raimundo Onetto, wants to construct an 18-story structure on the 0.8-acre plot where the demolished Mid Bay Club Apartments once stood at 11950 North Bayshore Drive. Records show that in April, Alta asked the county to permit a reduction of the necessary setback from the shoreline to 25 feet.
Buildings with curved balconies and floor-to-glass windows are seen in renderings. A rough estimate of 96 condos has been given for the project, which was designed by Revuelta Architecture International.
According to records, Alta spent $14 million purchasing the Mid Bay Club Apartments and an empty 0.2-acre land across the street last year.
The application for the North Miami project comes as Alta is planning a number of additional projects.
Alta plans to erect an 18-story, 223-unit apartment complex next to Dadeland Mall at 9600 South Dixie Highway. It would be the second 18-story multifamily building constructed by Alta there. It is anticipated that the first 296-unit tower will shortly acquire its certificate of occupancy.
In recent years, North Miami has attracted the attention of investors and developers. The enormous SoLé Mia at 15055 Biscayne Boulevard is being built by Turnberry Development and LeFrak, under the direction of Jackie Soffer. When finished, it will feature 4,000 residential apartments. A joint venture between Turnberry and developer Carlos Rosso is planning a 32-story, 303-unit condo structure in addition to three apartment towers.
North Development Launches Condo-Hotel Brand-Domus Brickell Park
North Development is launching a ground-breaking new condo-hotel that is poised to revolutionize the hospitality sector in Miami’s Brickell neighborhood, Domus Brickell Park. Ricardo Dunin, CEO of Oak Capital and Edifica are partnering on this project creating the North Development group.
With 171 fully equipped condo-hotel suites Domus will rise 12 stories tall and will be located in the vibrant Brickell neighborhood at 1611 SW 2nd Avenue. The superbly designed studio, one, and two-bedroom units, with sizes ranging from 330 to 979 square feet and costs ranging from $400,000 to $900,000, were created by Zyscovich Architects with interiors by Urban Robot.
Owners will pay far less in fees without sacrificing the integrity of the high-end hospitality concept by getting rid of the developer’s ownership of the common areas while still providing professional management for the individual units. The project’s prohibition against yearly occupancy for periods longer than six months and one day gives it another competitive edge. Although still enabling out-of-towners to enjoy their units while in Miami, this minimizes the natural friction between long-term residents and the transient rental market.
Before arriving, guests can check in online and get the entry code for their unit on their phone. By giving the building a chance to get acquainted with the visitors beforehand, this not only provides convenience but also boosts building security. Only owners and visitors can enter the units because the access key is needed to utilize the elevator. There will also be a visitor call center open around-the-clock.
The Peacock Room is located in the expansive lobby at the center of the structure. This area offers a full range of food and drink options throughout the day, including a market, fine wine, specialty brewed beer, and gourmet coffee. It has mellow music, high-speed internet, and co-working spaces that will draw both locals and visitors. Domus Brickell Park has a wellness area with modern fitness equipment, a steam room, and other amenities. Also, there is a rooftop pool deck with cabanas, a hot tub, a grilling area, and an entertainment space.
North Development has a long-term interest in utilizing the Domus brand in other areas, and the building is anticipated to open in late 2025. The sales center is located at 1200 Brickell Avenue, Miami.
If you or someone you know have an interest in purchasing at Domus Brickell Park, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
