Sky Lofts, a two-story, single-building project, is scheduled to be completed in fall 2004.It's located at 7914 West Drive on the intracoastal waters.
The project will consist of two-bedroom, two-story lofts ranging in size from 1,320 sf to 1,719 sf. Prices range from the mid-$300,000s to the mid-500,000s. Sky Lofts also will have four penthouse units of more than 3,150 sf. One penthouse remains, at a price of $915,000.
Majestic Properties, an 8-year-old, Miami Beach-based real estate brokerage, is handling sales of the lofts. The project's sales center is located at 5046 Biscayne Blvd. in Miami. According to Jeff Morr, founder and president of Majestic Properties, 31 of the 49 units have been sold.
"With all the public and private sector money currently being invested in North Bay Village and the North Beach area, we are confident that this is going to become a highly desirable location and an excellent investment opportunity," Morr said in a statement.
Sky Lofts was designed by architect Chad Oppenheim. Each residence will feature 18-foot ceilings and double-height windows with Miami Beach's city and water views to the east and views of the bay and the downtown Miami skyline to the west.
Sky Lofts also will feature a heated rooftop pool, lounge areas and a gymnasium. The units will include European kitchens and baths with stainless steel appliances and stone countertops.
"Sky Lofts … has been a catalyst in the revitalization of the entire North Beach/North Bay Village area," according to Eric Sheppard, president of WSG Development.
WSG Development is a Miami Beach-based real estate development company specializing in acquiring, developing and constructing condominiums, apartments and retail shopping centers across the United States. The company was founded in 1996 by Eric Sheppard and chairman Philip Wolman, president of For Eyes Optical.
WSG Development's other projects under development in South Florida include Sky Residences and the Carillon Hotel & Condominiums.
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