real estate companies (EIG), a leading developer of luxury multi-family projects in South Florida, has won unanimous site plan approval for Soleste on the Bay, a luxury beachfront rental community. water of 759,439 square feet and 28 stories with 363 units and 17,000 square feet of retail space and 645 parking spaces at 16375 Biscayne Blvd. in North Miami Beach. The city commission voted unanimously in favor of the project on August 16. Groundbreaking is scheduled for the fourth quarter of 2022. The real estate companies were represented by Land Use Counsel, Ethan Wasserman, of Greenberg Traurig, LLP.
This is The Estate Companies’ second major investment in North Miami Beach. Located just off Soleste on the Bay, construction is underway on Soleste NoMi Beach, a 23-story rental community with 367 units and 2,708 square feet of ground floor retail space. The project was launched in October 2021.
Renters can choose from a variety of studio, one-, two-, and three-bedroom units that range in size from approximately 550 to 1,250 square feet.
Like all projects in the Soleste Living brand portfolio, Soleste on the Bay will be a highly appointed development with an extensive collection of health and wellness offerings and social components, including a 10e Ground-level landscaped deck with two resort-style pools, spacious deck, game room, yoga room, spinning room, lounge, state-of-the-art fitness center and movie theatre.
The 2.15 acre waterfront property is located on the south side of the Royal Glades Canal with water views to the north and east. The site offers easy access to 163rd Street Causeway, which connects to US-1 and A1A and all major arteries. The project is also close to Greynolds Park and minutes from the beach and two of Florida’s top shopping destinations, the Aventura Mall and the legendary Bal Harbor Shops.
The Estate Companies is one of Florida’s largest and most active multi-family development companies, with over 4,000 rental units and 153,000 square feet of commercial space under development in the tri-county area. The company recently completed and sold Miami’s first large-scale Opportunity Zone development, Soleste Grand Central in Downtown Miami. Development is also nearing completion on Alture Westland, a hotel conversion in Hialeah, and Soleste Spring Gardens in Miami’s historic health district. Real estate companies recently completed and sold Miami’s first large-scale Opportunity Zone development, Soleste Grand Central in Downtown Miami. In addition to two projects in North Miami Beach, the company has projects in various stages of development in Dania Beach, Spring Gardens, Hollywood, Riviera Beach, Lauderhill, Pompano Beach and West Palm Beach, among others. For more information on real estate companies, please visit www.eigfl.com Where www.solesteliving.com.
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