Barbara Salk and Stephen Kornfeld’s Sakor Development unveiled the details of the company’s planned ION East Edgewater condo project.
Sakor hopes to start construction of the 330-unit development at 2701 Biscayne Boulevard during the fourth quarter of 2014, according to a written announcement released by a project spokesperson on Monday. Arquitectonica designed the 36-story tower, while Hirsch Bedner is handling interior design. The project is slated for a late 2016 completion.
An affiliate of Encore Housing Opportunity Fund is partnering with Sakor through a joint venture. Encore’s principals are part of downtown’s massive Miami Worldcenter development. Cervera Real Estate is exclusively handling ION’s sales and marketing.
Prices for ION units begin in the low $300,000s. The project includes one, two and three-bedroom condos, along with six two-story townhomes.
Salk spent more than a decade at the Related Group before launching Sakor with Kornfeld. — Eric Kalis