Turnberry Leasing Retail Space in Two-Tower Condo Project

MIAMI-Cabi Developers hired Turnberry Associates as the leasing agency for the 65,000 sf of retail space at Everglades on the Bay, a condominium community consisting of two 49-story towers planned for Downtown.The ground-floor retail space will front Biscayne Boulevard, Northeast 2nd Street and Northeast 3rd Street. A walkway through the middle of both towers will give customers access to the retail component of the project. The project’s retail tenant roster includes Bank of America. Developers also are trying to get high-end shops, salons, gourmet restaurants and services.Andrew Dieringer, regional leasing manager for Turnberry Associates, says he expects a mix of local and national retailers at the project, being developed at 244 Biscayne Blvd. at the site of the former 376-room Everglades Hotel. Ranging from 550 sf to 2,100 sf, the 870 condo units are priced from $189,000 to a little more than $1 million. Cabi Developers, the US subsidiary of Mexico-based GICSA, is based in Aventura, FL.

Aventura, FL-based Turnberry is a real estate development and property management company that has leased space for third parties, including commercial properties for Lehman Bros.