The project's developer is Miami Beach-based Karlton Properties, whose principals are Fredric N. Karlton, Daniel Rotenberg and Gavriel Naim.
"We are currently putting in new plumbing, electrical and fire safety systems, so the building will be completely new," Rotenberg said in a statement. Only the original shell of the building is being preserved.
The project's one- and two-bedroom residences will range in size from 850 sf to 1,360 sf and come in 14 floor plans. Condo prices range from the $190,000s to $500,000. Each home will have a private balcony, most with ocean or bay views.
The property, located at 6917 Collins Ave., was completed in 1969 as The Victorian, a 14-story building with 249 apartments. The architect was the famed Morris Lapidus of Miami. Then in the early '80s, the late Victor Posner converted the building into office space called Victorian Plaza. It has been vacant in recent months.
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.
