Developers of the Acqualina Resort & Spa have plans for a new project, the Estates at Acqualina.
The 5.6-acre beachfront project will be targeted toward buyers looking for a second or third home, developer Jules Trump told the Miami Herald. Investors will not be allowed to buy units to flip.
Estates at Acqualina, at 17901 Collins Avenue, will include two 50-story towers with 250 units, starting at $3.9 million to up to $40 million. Condos will range in size from 2,800 square feet to a two-story 13,000-square-foot penthouse, according to developers.
Amenities will include 24-hour valet, a bowling alley, a movie theater, six pools and a “Wall Street Trader’s Club” with a ticker tape.
“We’re definitely catering to people in finance,” Michael Goldstein, the project’s director of sales, told the Miami Herald. “A lot of our clients, they want the newest and greatest thing. They have a Ferrari and they drive it for 200 miles and then they upgrade to the next model.”
GSF Acquisition, an affiliate of Eddie, Jules and Stephanie Trump, is the owner and developer of the project. The Trumps (with no relation to Donald) developed Williams Island in Aventura, the Mansions at Acqualina, and Luxuria Residences in Boca Raton.
Construction is slated for completion in 2019. [Miami Herald] — Katherine Kallergis