After Bal Harbour Beach Club was sold to Consultatio, an Argentine developer, for $220 million locals have been awaiting to see what the luxury condominium taking its place will look like. The 5.53-acre property on Collins Avenue is one of the prime oceanfront sites. Consultatio, who is in the process of developing Oceana Key Biscayne, has selected Arquitectonica as the architect for the condominium.
Consultatio plans on creating 28 story, 250 condominiums on this piece of land, and each will be priced at over $2 million. There will also be a high-end restaurant and a bit of commercial development. The design, with a cut out in the middle offering a few of the ocean, pays homage to the fact the former site of the Bal Harbour Beach Club was the last piece of land for miles that had open green space from the Bay to the Atlantic. There is even a bit of greenspace and a few park benches in the concept.
“We paid prime prices for prime product. We [really] believe in the market and the product that we can develop there,” said Marcos Corti Maderna, chief executive of Consultatio North America.