Don Peebles Is Pulling The Plug On The Bath Club Estates (Updated)

Don Peebles is giving up on developing the Bath Club Estates.

The land where the project was to be developed at 6747 Collins Avenue recently appeared on the website of a broker as being listed for sale.

Residential agents had been marketing Bath Club Estates as a luxury project with just 13 full floor units over 15 floors, including a penthouse unit priced at $50 million. Construction was once said to be planned for a late 2014 start.

The North Beach location is in a relatively depressed area compared to other competing projects. Bath Club Estate was proposed to have been sandwiched between the Deauville hotel and a condo tower. Down the block, The Carillon hotel recently lost its Canyon Ranch branding and management.

Update: Peebles confirmed to TRD that he has been trying to sell the land. His company acquired the property by buying out the Canadian corporation that owns the site.