Israel-based ASRR Capital and Istanbul-based Süzer Group are planning a high-end condo project in Surfside.
Arte By Antonio Citterio will be located at 8955 Collins Avenue, which the developers purchased for $40 million last year.
There will be 16 condo units, the project website states. That equates to a land cost of $2.5 million per unit.
The developers had previously said that they planned a “seven star hotel” on the lower levels of the project, but it doesn’t appear that hotel rooms will be included (Surfside has a strict 12-story height limit).