Bizzi & Partners Development scored approval for a mixed-use tower along 163rd Street in North Miami Beach.
The developer plans to build a 33-story building with nearly 8,000 square feet of ground-floor retail and 456 residential units, according to Bercow Radell Fernandez Larkin & Tapanes, which represented Bizzi & Partners. The North Miami Beach City Commission OK’d plans, voting 4-2 for the project, last week.
Property records show 2101 Aventura Property Owner LLC paid $10.7 million for the development site at 2101 to 2151 Northeast 163rd Street in February of last year. The site is in the Fulford Mixed-Use Town Center District, where the city hopes to encourage transit-oriented developments with the goal of creating an urban, pedestrian-oriented downtown.
The North Miami Beach project is designed by Dorsky Yue International. Amenities will include a pool and amenity deck on the ninth floor of the building with a yoga room, spa, kids room, club room, billiards room, lounge and cabanas. An amenity space will also line the west side of the building, featuring a pet grooming station, library for residents and co-working space.
Land use attorney Jeff Bercow, who’s representing the developer, said the project’s ownership is leaning toward building rentals as opposed to condos. The units will be a mix of studios, one-, two- and three-bedroom apartments.
Construction could begin by the end of this year, and the project would be completed two to two-and-a-half years later, Bercow said.
The project was originally designed to have about 600 residential units, but Bizzi & Partners reduced the number of units after hearing concerns from city staff and urban design consultants.
Bizzi & Partners, led by CEO Davide Bizzi, is also a partner in Eighty Seven Park, a luxury condo tower that Terra and other investors recently completed in North Beach.