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EIG buys North Miami Beach development site for $13M


The Estate Cos. plans to build Soleste NoMi Beach.


FORM GROUP

The Estate Cos., part of Estate Investments Group (EIG), is one step closer to building an apartment tower in North Miami Beach after buying the property for $13.1 million.


Biscayne Cove LLC, managed by Enrique R. Puig in Miami, sold the 1.78-acre site at 16395 Biscayne Blvd. to NoMi Beach Holdings LLC, an affiliate of Miami-based EIG. The deal included $1 million in seller financing. The property currently has an 8,249-square-foot retail building, but it would be torn down to make way for the development.



Soleste NoMi Beach will rise 23 stories.


In September, EIG obtained approval for the 23-story Soleste NoMi Beach. The project will have 367 apartments, 2,708 square feet of commercial space and 655 parking spaces.


Units in Soleste NoMi Beach will range from 700 square feet with one bedroom to 1,300 square feet with three bedrooms. Amenities will include a pool deck, a fitness center, a spa, a coworking station, and a rooftop garden.



The amenity deck at Soleste NoMi Beach


Form Group is the architect.

The site is on the south side of the Royal Glades Canal and just west of the Harbor condominium towers. There's been an influx of multifamily development on the east side of the city because it's close to the Aventura Mall and Sunny Isles Beach.



Soleste NoMi Beach would be at 16395 Biscayne Blvd


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