Each tower will consist of approximately 130 residences. The development will be located on 5.5 acres just south of Sunny Isles Boulevard, between Bal Harbour and Golden Beach. The development will offer two- to five-bedroom residences that range in size from 2,200 sf to 5,700 sf. They are priced between $1 million and more than $4 million.
The residents-only beach club and spa alone is estimated to cost $15 million. Turnberry president Bruce Weiner says the 35,000-sf private beach club and spa will be one of the features that will distinguish the development from other area condominium projects. Included the property will also feature an oceanfront dining room, a cocktail lounge, a card room, swimming and tanning pools, a European-style spa with a fitness center and personal service.
Each residence will have private, direct-entry elevator lobbies and individual security systems. Other attributes include 10-foot ceilings, Italian cabinetry, granite countertops, European appliances, marble baths, Jacuzzi hydrotherapy tubs with built-in TV screens, steam showers and private, wrap-around balconies with views of the ocean and Intracoastal waterway.
Weiner notes Turnberry Ocean Colony will feature the same luxuries as another of the company's projects, the Aventura waterfront project Porto Vita, which is almost finished and 95% sold.
Groundbreaking for the latest development's north tower and beach club is scheduled for summer 2004. Turnberry Ocean Colony has a temporary sales center open at 16051 Collins Ave. in Sunny Isles Beach. Construction has begun on the permanent, 9,000-sf sales center, which will include a 3,400-sf model furnished by Fine Decorators.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.