Macklowe and Related Partner on Waterfront Redevelopment in North Bay Village
New York developer Harry Macklowe and the Pérez family's Related Group are partnering to redevelop a waterfront co-op community in North Bay Village, Florida. The developers plan to build hundreds of luxury units on the 3-acre site, likely condos. The project is expected to break ground in 2024 and be completed in 2026.
The redevelopment is a major coup for North Bay Village, a small island city just north of Miami Beach. The site is currently home to the Biscayne Sea Club, a three-story co-op built in 1955. The new development is expected to revitalize the area and attract new residents and businesses.
The partnership between Macklowe and Related is also significant. Macklowe is one of the most successful developers in New York City, and Related is one of the largest developers in Florida. The two companies have a track record of success in developing luxury residential projects.
The new development is expected to feature stunning waterfront views, high-end finishes, and amenities such as a swimming pool, fitness center, and rooftop terrace. It will be located within walking distance of shops, restaurants, and parks.
The redevelopment is a welcome addition to the North Bay Village community. It will provide new housing options for residents, attract new businesses, and boost the local economy.
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