Developer Redesigns Aventura Condo Project, Adds Partner, Battles Lawsuit

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Village at Island Estates, northeast Miami-Dade County, FL

MIAMI, FL -- Less than a year after announcing plans to build the proposed Village At Island Estates condo complex on a vacant island between Aventura and Sunny Isles Beach in Northeast Miami-Dade County, the project's developer - who was recently hit with a lawsuit that attempts to halt the project - has partnered with an "opportunistic real estate firm" to redesign and rename the project in time to relaunch presales in September 2013, according to a new report from CondoVultures.com.

Rendering of  Prive, proposed pair of eight-story condo towers
between Aventura, FL and Sunny Isles Beach  FL

Developer Gary Cohen - who planned to build a pair of eight-story, Mediterranean-style towers with a total of 148 units on a nearly nine-acre island just east of the exclusive Aventura neighborhood of Williams Island - has partnered with BH3 Development to build an "iconic" project with two 16-story towers and a combined 160 "ultra-luxury" units for a complex that is to be renamed Prive, according to a joint statement.

Gregory Freedman

BH3 Development with Gregory Freedman, Daniel Lebensohn, and Charles Phelan is a real estate firm focused on South Florida and New York City. In South Florida, the firm has bought and resold condo units in various projects, including the Trump Hollywood in Hollywood and the Fontainebleau III Sorrento and Terra Beachside Villas in Miami Beach, according to a company statement.

The lawsuit named the project's development group, The Village At Island Estates LLC; Gary Cohen, as the "sole member" of The Village At Island Estates; and the city of Aventura as defendants, according to court records.

Daniel Lebensohn

Cohen responded on August 16, 2013 through a spokesperson: "The case is a baseless and frivolous claim and will be proven so."

For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC

225 Midtown Building

225 NE 34th St.,

Suite 209B

Downtown Miami, Florida, 33137

800-750-0517.