Privé Developers Obtain Construction Permit, Work To Begin ‘Immediately’
After years of fighting with the neighbors, Aventura’s 160-unit Privé finally has a construction permit.
Lawsuits filed by neighbors delayed the project and caused the cancellation of a $140 million construction loan, but the developers eventually won in court, according to The Real Deal.
PRIVÉ AT ISLAND ESTATES RECEIVES BUILDING PERMIT
Construction to commence immediately
AVENTURA, FLA. (March 31, 2015) – Privé Developers, LLC proudly announces the issuance of its building permit from the City of Aventura. Construction of the twin-tower luxury condominium project, located on South Florida’s last undeveloped island, will begin immediately, with completion projected for the second quarter of 2017.
“We are anxious and thrilled to commence construction and to deliver this special and unique project. Having the opportunity to build a project such as Privé on what is arguably one of the most irreplaceable pieces of real estate in South Florida is every developer’s dream, and we are humbled to have the opportunity to be that developer,” stated Greg Freedman of BH3, which is co-developing the property with Gary Cohen as Principal.
Upon completion, Privé will tout approximately 70,000 square feet of indoor amenity space– more than any other project in South Florida – plus utilize the vast 8-acre island setting to offer expansive outdoor amenities including two pools and Jacuzzis, a tennis court, playground, jogging path, fishing pier and marina. Having such robust indoor and outdoor amenities led to Privé being voted the most desirable development in South Florida and the fourteenth most desirable worldwide by Elite Traveler.
Privé is located on an 8-acre private island set between Williams Island and Sunny Isles Beach. The twin iconic 16-story towers designed by renowned architects Sieger Suarez, will be comprised of a total of 160 ultra-luxury residences ranging in size from 2,585 square feet to more than 9,000 square feet for select penthouse units– the pinnacle of Miami luxury real estate.