The 24-story, ultra-exclusive boutique condominium project is being built at 10225 Collins Ave. The project will feature 81 estate-sized homes that range from 3,000 sf of living space with Intracoastal views, to 4,000 sf with oceanfront with, to penthouses with between 6,000 sf and 9,000 sf.
The residences have pre-construction prices of $1 million to $8 million. The sales center is located on site.
The developer is renowned South Florida developer Martin Z. Margulies of Miami, and Bellini on the Ocean is his newest project. The project brings Margulies, who specializes in luxury condos, back to this area in Bal Harbour.
Margulies' first luxury development, about 25 years ago, was Kenilworth, an 18-story condo tower located right next door to Bellini on the Ocean. Other notable projects Margulies developed in South Florida include Grand Bay Towers, a luxury condo project in Key Biscayne; and Grove Isle, a luxury condo project in Coconut Grove.
"Marty is an experienced developer," Fremont loan officer/originator Jerry Robbins said. "This project, with its prime location and accessibility, is the answer to market demand for high-end real estate."
The architect for Bellini on the Ocean is Stuart Cohen of Cohen, Freedman & Encinosa in Miami. Others working on the project include Denis Jacobs of Miami, interior designer; and Taft Bradshaw of Miami, landscape architect.
Amenities include an on-site gym, spa and cafe designed by SpaVida; a heated beachfront pool; a multi-level parking garage and Italian-inspired landscaping. In addition, the Italian-style project will have marble and granite finishes, ocean and bay views through glass walls and balconies with glass rails.
The tower is scheduled to be completed in September 2004.
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