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.
