The two-tower, seven-story, 90-foot-tall project will consist of 119 units, ranging in size from 1,200 sf to 1,800 sf. Prices will range from $300,000 to more than $500,000. The project also will include about 22 boat slips and a pool with a sundeck. Residences will have double doors at their entrance and 9-foot, 4-inch ceiling heights.

The developers, based here, anticipate breaking ground in late summer and completing the project 18 months later. Hard construction costs will be approximately $22 million to $28 million.

International developers Feldman, Hariton and Shiro have teamed up with East Coast developer Darer as the principals of VenAventura LLC to develop this project. They have developed projects in Venezuela, New England and Florida.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.