The Golan Team have learned that City Park project located at the corner of Waterways Boulevard (207th St) and Northeast 30th Avenue, just east of U.S. 1 is headed for the auction block.
City Park Aventura was to include 53 townhouses, 51 apartment units, 156,921 square feet of office space, a 194-seat restaurant, a bar/cocktail lounge, 19,352 square feet of retail space, a 198-room hotel, a 5,087-square-foot health spa/gym, and an 18-lane bowling alley, according to a development proposal submitted to Miami-Dade County.
The Development headed by Sky Development was meant to break ground in 2007. However the project never took of. The Developer, CEO Yitzhak Toledano assembled the parcels in two separate deals in 2006. One purchase was from HRCBJS Partners who offered seller financing on the sale. Now they have won the foreclosure judgment on a $18.3m mortgage plus interest and fees against Sky Development. The site is scheduled for auction on August 13th.
If you drive by the site you will see it is completely fenced up and the grass looks more like a marsh than a field. It was an ambitious project but potentially could have bought a large source of revenue to the City of Aventura.
We will keep you informed as to what happens to this parcel of land.
3 comments:
However the project never took of. The Developer, CEO Yitzhak Toledano assembled the parcels in two separate deals in 2006.beautiful post..thanks for sharing here..miami beach condos
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