9300 COLLINS
Kushner Companies' recent acquisition of a distressed development site in Surfside, Florida for $40 million signifies a significant move in the company's real estate portfolio. Led by Charles Kushner, Nicole Kushner Meyer, and Laurent Morali, the acquisition involved collaboration with the site's former owner, Shaya Boymelgreen's Eden Surfside LLC, and lender Eyal Peretz's Fuse Group. This purchase marks a shift in plans for the site, initially intended for luxury townhouses and later a 200-key hotel that never materialized. Now, Kushner Companies aims to rejuvenate the location by developing a luxury rental property comprising approximately 100 units over a three-story structure.
Notably, the project is expected to kick off in about a year's time. Speculations suggest that the rental prices for these units could start at a substantial $10,000 per month. Broker Moshe Majeski played a pivotal role in facilitating this deal, introducing the opportunity to Kushner Companies and marking the company's foray into new development projects in Surfside. Boymelgreen's prior efforts in assembling the site and securing a $30 million loan laid the groundwork for the property's transition to Kushner Companies. The recent maturity of the loan, along with undisclosed concerns, led to the distressed sale and Kushner Companies' entry into this promising venture.
This transaction not only signifies a change in ownership but also sets the stage for the site's transformation into upscale rental units, poised to redefine luxury living in Surfside, Florida.
Latest News: Kushner Companies Unveils Spectacular Project in Surfside, Blending Modern Luxury with Historical Preservation
Surfside, 12/6/2023 - Kushner Companies, in collaboration with Jo Palma & Partners, has unveiled its latest architectural marvel, redefining luxury living in Surfside. The three-story, low-rise building offers residences ranging from 1,128 to 2,284 square feet, featuring one to three bedrooms to cater to diverse lifestyle preferences.
Luxury Living Redefined:
This housing complex stands out for its meticulous attention to detail in amenities. The ground floor hosts over 7,000 square feet of indoor indulgence, while the rooftop pool deck promises breathtaking views, creating an exclusive oasis for residents. Notably, a 700-square-foot synagogue adds a distinctive touch, emphasizing the project's commitment to fostering a diverse and inclusive community.
Preserving History:
In a unique move, Kushner Companies is dedicated to preserving Surfside's historical fabric. A carefully maintained 2,250-square-foot building from the 1940s will be seamlessly integrated into the new development, paying homage to the area's rich past.
Parking and Practicality:
Recognizing the importance of convenience, the plans include 194 underground parking spots. This practical approach reflects Kushner Companies' commitment to providing a seamless living experience that combines opulence with functionality.
This project marks a significant milestone in Surfside's real estate landscape, blending avant-garde design with historical preservation and a commitment to creating a vibrant and inclusive community. Stay tuned for more updates on this exciting development.
The Parapar Group
To inquire further or express interest in 9300 Collins Ave, please contact The Parapar Group at 305-778-6933.
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