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.
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