Here’s What North Miami Beach Could Eventually Look Like

North Miami Beach hopes to have its own mixed-use downtown district that supports transit and walkability.

The city passed land-use amendments last year, establishing a masterplan that encourages intense development around 163rd Street.

One company that hopes to take advantage is CK Prive Group, which has purchased several properties, including the Dean’s Gold site.

CK PRIVE GROUP ACQUIRES ANOTHER COVETED LAND PARCEL IN NORTH MIAMI BEACH

Property to be developed as a 400-unit, multi-family project

MIAMI (Jan. 28, 2016) – CK Prive Group ─ a joint-venture partnership between real estate investment and development firms Prive Land Banking and CK Holding Group ─ announced today that it has completed the purchase of a 1.96-acre parcel at 2261 NE 164th St. in North Miami Beach, Florida, which closed on January 26. The transaction price was not disclosed.

The property is situated in a prime location near major thoroughfares directly off of Biscayne Boulevard, in close proximity to I-95. It is also just blocks from Aventura Mall, Florida’s largest conventional shopping mall, and Florida International University’s Biscayne Bay Campus.

Future plans for the property include the development of a mixed-use, multifamily project comprised of approximately 400 rental units and ground-floor retail in an urban, lifestyle setting.

“This purchase is an important step toward delivering additional residential and retail offerings in the growing Aventura sub-market, one of the most desirable locations in Miami for both living and working,” said Javier Rabinovich, CEO of Prive Land Banking. “The property will satisfy the increasing demand to generate new activity in Aventura/North Miami Beach, and we look forward to introducing the development plans in the near future.”

The acquisition occurs on the heels of other notable transactions completed by CK Prive Group. In September, the partnership purchased a prominent property, currently the location of Dean’s Gold, on the corner of 163rd Street and Biscayne Boulevard in Aventura for $23.5 million. They additionally closed on an adjacent 1.8-acre parking lot for $12.7 million in October. CK Prive Group plans to redevelop the combined sites into a mixed-use project.

The team is also developing the nearby Arquitectonica-designed Forum Aventura, a progressive, “Class A,” 12-story office-condo tower at 19790 West Dixie Highway. To encompass 95,000 square feet of space with ground-floor retail and a rooftop terrace, sales for Forum Aventura launched earlier this month.

 

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Anonymous
4 years ago

Sees transit in the headline, reads article, only sees mention of I-95. Sad.

Anonymous
4 years ago

are you a child or is this some sot of lame attempt to be clever/snarky/funny?

Dave
4 years ago

Would all depend on the construction of the Tri-rail coastal link and including a stop at 163rd. It would be a disaster without it.

Anonymous
4 years ago

We should talk about what Aliens could look like too. Just as probable to see them pop up as this massive aggregation of high density projects in that location anytime in the near future.

Anonymous
4 years ago

Downtown district looks pretty nice. A metro rail line heading towards NMB and Aventura with stations there would be sweet. But, I’m probably asking for too much.

Anonymous
4 years ago

Very improbable, only right of way available would be US-1. The FEC railway is going to be used for their new Brightline to Orlando.

Anonymous
4 years ago

People, metro expansions are infeasible. Divert that attention to realistic options, like TriRail Coastal, Baylink (actually LINKing Miami to Miami Beach), etc.

Anonymous
4 years ago

Who’s down voting these logical and probable options/solutions?

Anonymous
4 years ago

This site has become really PC and overly positive lately. Anything with a hint of negativity gets downvoted. I feel like I’m at a PTA meeting.

Anonymous
4 years ago

Well the metrorail was expanded a few years ago… So you are wrong.

Anonymous
4 years ago

How much of an extension was built versus what was promised? Look, I’d love a metro expansion as much as the next guy, but it’s cost-prohibitive. So any time you demand that, it’s pretty easy for politicians to shoot down. Go for low-hanging fruit, and you’re more likely to eat. But if you will only dine on lobster and filet mignon, you’re going to wait a while

Anonymous
4 years ago

Plus, honestly, AAF/tri rail has the better platform for the extension being requested here. Probably will get more ridership going downtown to aventura or farther north when you can actually travel at high speeds. Would take a while at metro speeds

suomynona
4 years ago

That’s why the County’s been looking into buying CSX tracks lately in order to expand the Metrorail? I guess you should hurry up and tell them they’re making a huge mistake. Because expanding mass transit is a bad idea and cost prohibitive.

Anonymous
4 years ago

There’s a saying we have in Texas. Fool me once, shame…you see, you can’t be fooled again! Well, I guess you can. I’ll believe a metro expansion when I see one. Until then, I’d be happy to see literally any transit project, and apparently that’d downvote worthy.

easy
4 years ago

WE NEED TO STACK METRORAIL OVER THE BRIGHTLINE SO IT CAN GO UP FROM DOWNTOWN MIAMI THROUGH ALL PARTS

Anonymous
4 years ago

I don’t understand why Miami is struggling to find money for mass transit. Orlando sealed a deal with FDOT for 2.3 BILLION dollars to upgrade I-4. They opened Sun Rail some time ago and working on A Maglev train from the airport to the convention center. If they can do that why the hell can’t Miami?

Anonymous
4 years ago

Questionable politicians, disconnect in the different counties, no uniformity, lots of car-centric thinking, still plenty of sprawl that falls under Miami-Dade taxes, Downtown density a relatively recent thing that still hasn’t forced anyone’s hand, etc.

Anonymous
4 years ago

It looks nice! But where is the town square? It’s too straight edge!!