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| Preliminary Rendering of proposed Armani Residences By Cesar Pelli Sunny Isles Beach, FL |
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| Lana Bell |
MIAMI, FL -- As the South Florida housing market
increasingly rebounds from the real estate crash of 2007, a pair of
high-profile residential developers are partnering to build up to two new condo
towers that would feature the Italian fashion design brand of Giorgio Armani
on an oceanfront site in the barrier island city of Sunny Isles Beach in
Northeast Miami-Dade County.
The proposed project - dubbed the Armani Residences By
Cesar Pelli - is slated to be designed by the internationally acclaimed
architecture firm Pelli Clarke Pelli and developed by a joint-venture
entity of Dezer Properties and the Related Group - which joined forced during
the last boom-and-bust cycle to build the three Trump Towers in Sunny
Isles Beach - around the 190th block of Collins Avenue, according to the South
Florida Business Journal.
A Dezer Properties executive declined to comment on the
project's number of towers or units but did confirm the proposed project would
be "released" in December 2013.
In anticipation of the presale launch next month,
CondoVultures.com has learned that exclusive broker presentations that detail
the project have already occurred.
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| Cesar Pelli |
Even though the project's developers are not talking, Sunny
Isles Beach real estate professional Lana Bell of One Sotheby's International
Realty shared a sneak peek of the soon-to-be-announced project - which she
calls a slightly revised name of "Armani House By Cesar Pelli"
- that is to feature a pair of 55-story towers that each have about 250 units,
according to Bell's November 8, 2013 market report.
In Sunny Isles Beach, the proposed Armani Residences By
Cesar Pelli project is slated to go up on the site of the former 172-unit Seashore
Club South motel-condominium at 18975 Collins Ave. that was terminated as
an association on August 29, 2013, according to Miami-Dade County records.
As part of the paperwork filed, the termination plan
disclosed that a Florida corporation - Dezer Larouche Holdings LLC - has a
"purchase and sale agreement dated December 18, 2012" to acquire the
Seashore Club South motel-condominium property for an unknown price, according
to Miami-Dade County records.
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| Former Seashore Club South condominiums Sunny Isles Beach, FL |
The Dezer Larouche Holdings LLC has not taken title to
recently terminated Seahorse Club South motel-condominium site as of November
8, 2013, according to Miami-Dade Property Appraiser records.
The push for new condo construction comes as the boom-era
unit inventory is dwindling in South Florida.
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.
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