Key International and 13th Floor Investments have purchased the site of the Harbour condominium project in North Miami Beach for $30.5 million. Located at 16385 Biscayne Blvd., the five acre site will house two 32-story towers with a total of 425 units. The property has water access to Biscayne Bay and an average price of $650 per square foot. The seller, Southern Homes affiliate Blue Palms Development, bought the property in 2004 for $3.7 million. The master design of the Harbour was by Corwil Architects, with interiors created by the Toronto-based Design Agency. With nearly 70 percent of the units under contract, the project is slated to break ground in winter 2015.
“Finalizing this process is a key step as we move toward groundbreaking later this year,” said Arnaud Karsenti, managing principal of 13th Floor Investments.
