A 107-unit condo project on Biscayne Boulevard will launch sales on September 1, the developer told The Real Deal.
Boulevard 57, an eight-story project previously known as The Boulevard and Unika, is being developer by Unitas Group, backed by Venezuelan investors. The project is valued at $100 million.
The project will be priced high relative to comparable buildings. Prices will average average $550 to $600 per square foot, with an average unit size of 2,300 square feet.
At the ground-floor level, 40,000 square feet of commercial space is being built. Area resident Lyle Chariff of Chariff Realty Group is handling leasing, and is focusing on bringing in grocer and restaurant tenants.
Construction is expected to be completed by the fourth quarter of 2017.