PROFILEmiami - Your Premier South Florida Real Estate & Lifestyle Guide PROFILEmiami is a leading source of Miami and South Florida Residential and Commercial Real Estate News and Content EVENT MAY 21: Secure your spot Royal Retreat - Hospitality Real Estate in Miami at Queen a real estate development firm with offices in NYC and Miami has closed on a $25 million pre-development loan for the Continuum Club & Residences a planned 32-story luxury condominium development located at 1755 John F The financing was provided by Benmark Capital a vertically integrated real estate private equity and debt investment firm Continuum Club & Residences has reported strong pre-sales activity The transaction provides capital to advance site preparation and development activities for the project which is anticipated to bring 198 luxury waterfront residences to the revitalizing North Bay Village submarket Developed in partnership with Aksoy Holdings Continuum Club & Residences represents Continuum’s second Miami project following the successful delivery of Continuum South Beach “Benmark Capital is pleased to support The Continuum Company in advancing this highly anticipated development,” said Mark Simon Chief Executive Officer of Benmark Capital “This transaction reflects our commitment to financing institutional-quality projects sponsored by experienced developers in supply-constrained “Continuum Club & Residences is exceptionally well-positioned to benefit from the significant investment and infrastructure improvements underway in North Bay Village We are proud to play a role in bringing this transformative project to fruition and to continue expanding our footprint in the Miami market.” with interiors by Durukan Design and landscaping by Martha Schwartz Partners the development will offer over 60,000 square feet of amenities The project broke ground in March 2025 and is targeting completion in early 2028 "Securing this pre-development loan from Benmark Capital is a testament to the strength of our vision for Continuum Club & Residences and the confidence in our team's ability to deliver exceptional value," said Ian Bruce Eichner "The tremendous support from our financial partners underscores the unprecedented demand for luxury waterfront living in Miami's emerging neighborhoods This financing will enable us to maintain our momentum as we transform North Bay Village into Miami's next premier destination." For more information about Continuum Club & Residences or to inquire about purchasing a unit please fill out the form below: Sign up to stay up to date with the latest in Miami residential and commercial real estate news and content Sign up to receive PROFILEmiami’s Bi-Weekly Newsletter to stay up to date with the latest in South Florida residential and commercial real estate news and content Actively read by 15K+ of South Florida’s Top Real Estate Industry Professionals Fort Lauderdale and the Palm Beaches since 2016 Privacy Policy PROFILEmiami takes no ownership of any imagery unless otherwise noted MIAMI – A North Bay Village teen who authorities said set three cars and a newly-renovated home on fire because he was upset over a school suspension has now been charged as an adult in Miami-Dade County court Leer en español appeared in adult bond court on Thursday as he faces eight felony arson and burglary charges in connection with the Feb Deputies with the Miami-Dade Sheriff’s Office said he set three cars on fire at the Treasure Isle Care Centre Treasure Drive before breaking into a house on Mutiny Avenue and setting several fires inside burning a hole in the roof and causing “extensive smoke damage throughout.” Investigators said they received a tip that Vega was the suspect and took him into custody — initially on juvenile charges — on March 4 Crocs and a bracelet that were seen in surveillance videos of the incidents An alleged confession was redacted from the report though authorities previously said that Vega was upset that the suspension left him unable to play sports Family members appeared in court with Vega on Thursday morning They and family members asked the judge to release him on bond saying he’s considered to be a good kid and that the charges are “significantly out of character.” “The dean of discipline wrote a letter of support to his school the assistant principal wrote a letter of support in attesting to his good character in how he’s never had any behavioral issues,” an unidentified person said during the court appearance the judge ordered he be held on pre-trial detention this case does quality for pre-trial detention he was being held in the Metrowest Detention Center Copyright 2025 by WPLG Local10.com - All rights reserved Chris Gothner joined the Local 10 News team in 2022 as a Digital Journalist TV Listings Email Newsletters RSS Feeds Closed Captioning / Audio Description Contact Us Careers at WPLG Terms of Use Privacy Policy Public File FCC Applications EEO Report Do Not Sell My Info 1.0 Host Exhibit Copyright © 2025 Local10.com is published by WPLG INC. TrendingDevelopment South FloridaADeveloper Vivian Dimond to revive stalled waterfront North Bay Village condo project54-unit Tula Residences will mark first new condo building in the city in more than a decade Listen to this article00:001xKey PointsAI Generated.✨This summary is reviewed by TRD Staff Developer Vivian Dimond took over the stalled condo building in North Bay Village The planned 54-unit building at 7918 West Drive will now be called Tula Residences Dimond’s Bayshore Grove Capital is now the sole managing member of the LLC that owns the property but is no longer involved in construction or the development Dimond declined to share financial terms of the deal but said the agreement was finalized last year which will rise to 21 stories once completed including a nearly $7 million lien filed by Thornton Residential A cooling company also filed a lawsuit against Pacific & Orient Dimond said construction will resume “very soon” and will likely be completed within 18 months The new team made some changes to the floor plans and amenities SIGN UP“We just got approved for some changes we made with the city,” Dimond said The lobby will now be on the first floor; it was previously planned for the sixth floor were enhanced with an emphasis on wellness Sales will launch this spring with Ellis Bachman who recently joined Brown Harris Stevens from Douglas Elliman’s Eklund-Gomes team Bachman said the project was a “major factor” in deciding his move to BHS The units will range from two- to three-bedroom condos The two-bedroom units will start at just under $2 million; the three-bedrooms at nearly $3 million and the penthouses at close to $6 million They’ll each have large outdoor terraces and waterfront views “I like the fact that it is way ahead of everyone else,” Dimond said P&O’s Chan had been working on plans for the project for almost a decade. The developer paid $8.3 million for the 0.8-acre site in 2015. Construction was set to begin in 2018, but the firm broke ground years later, in 2023. Sales launched that same year One of two presales from before Dimond’s involvement will remain MG Developer one of the top real estate development firms in South Florida announces the $30.9 million acquisition of two waterfront parcels totaling 42,750 square feet in North Bay Village for the launch of a new mixed-use development Located at 1681 & 1725 Kennedy Causeway MG Developer acquired the properties in a partnership with Prosper Group led by Jay Roberts a real estate development firm based in Miami The acquisition and development plans mark MG Developer’s expansion into new communities and commercial real estate product types “We are thrilled to embark on this partnership with Prosper Group whose mission aligns perfectly with our dedication to developing communities that meet the needs of modern living,” said Alirio Torrealba “Our expansion in South Florida is a testament to our commitment in enhancing vibrant neighborhoods and we’re excited to contribute to North Bay Village’s transformation.” The new development will feature 147 condominiums the project will include restaurants and retail spaces designed to create a dynamic community hub that elevates the area’s appeal the project aims to redefine urban living along the Kennedy Causeway “We’re excited to join forces with MG Developer whose growth and experience in the region are unmatched,” said Jay Roberts “This development will undoubtedly become a premier destination and we are eager to bring our expertise and international designers to create a vibrant community that will attract residents from across the globe.” Financing for this acquisition was facilitated by Ayush Kapahi, principal and founding partner at New York-based HKS Real Estate Advisors who secured a $21.6 million loan from New York-based lender “Securing the financing for this transformative development is a testament to the strong relationship we’ve built with MG Developer over the years,” said Ayush Kapahi “We’re proud to have contributed to a project that will undoubtedly elevate this waterfront community.” Construction is now fully back underway at Tula under an experienced new development team and with upgraded plans in place The soaring 21-story waterfront residential building is on track to be the first newly completed condominium building in North Bay Village in over a decade The building is expected to be completed with closings commencing in 2026 putting Tula at the forefront of the development boom currently underway in North Bay Village Tula is now being developed by Coconut Grove-based real estate development and private equity firm Bayshore Grove Capital led by 40-year real estate industry veteran Vivian Dimond Bayshore Grove Capital’s portfolio of luxury residential commercial and retail properties stretch from Miami throughout the state of Florida and the firm currently has 1,500 residential units in its development pipeline Tula is a joint venture of Bayshore Grove Capital and Pacific & Orient Properties and each with substantial private outdoor space and dramatic water views with sprawling layouts and multiple private outdoor entertaining areas will be unprecedented for North Bay Village three bedrooms start at $2.995 million and the five-bedroom penthouses start at $5.995 million Sales at Tula will launch this spring and be led by a Brown Harris Stevens team including Ellis Bachman (formerly of Douglas Elliman’s EklundGomes Team) Perfectly situated in Biscayne Bay at the midpoint between Miami and Miami Beach the tiny three-island city of North Bay Village covers 525 scenic acres and commands stunning views of the city As South Florida has undergone major transformation and growth recently office space and new luxury condominiums all under construction and in development Tula’s head start will make it the first new residential tower to be completed and an investment that will grow with North Bay Village The sculptural form and elevated architecture of Tula is designed by Miami-based practice M77R (‘matter’) known for its award-winning modern design projects including luxury single-family homes in Miami Beach and Golden Beach the residences will highlight natural and organic materials and be a study in the confluence of quiet comfort and refined living the boutique design practice founded by former Rockwell Group and Elkus Manfredi designer Shannon Farrell whose work has appeared in the New York Times Bayshore Grove Capital is the sole managing partner of the LLC that owns the property at 7918 West Drive Pacific & Orient is a joint venture partner in the development and is not involved in the construction For more information about Tula Residences or to inquire about purchasing a unit please fill out the form below: NORTH BAY VILLAGE – A 17-year-old boy who was upset over a school suspension set three cars and a newly renovated home on fire in North Bay Village Leer en español who was at the Dade County Juvenile Assessment Center confessed to being upset after he was suspended from school and unable to play sports the teenage boy walked to the Treasure Isle Care Centre The teen walked to a house along Mutiny Avenue North Bay Village police officers and Miami-Dade deputies investigated the case Surveillance video helped them track the teen to a nearby highrise building Detectives asked anyone with information about this or other cases to call Miami-Dade County Crime Stoppers at 305-471-8477 Bridgette Matter joined the Local 10 News team as a reporter in July 2021 Indiana and spent six years in Jacksonville as a reporter and weekend anchor TrendingCommercial South FloridaABH adds to portfolio pays $83M for waterfront North Bay Village apartment complexMast Capital-led JV sold Wake Biscayne Bay Listen to this article00:001xBH Group expanded its South Florida portfolio once again dropping $83 million for a waterfront North Bay Village multifamily project The Aventura-based firm acquired Wake Biscayne Bay, a complex of three 10-story buildings with 338 apartments at 7501 and 7525 East Treasure Drive, confirmed Isaac Toledano, who leads BH along with his wife “This acquisition includes over 1,000 linear feet along Biscayne Bay with perpetually unobstructed waterfront views,” Toledano said in an email Miami-based BridgeInvest provided the buyer with a $77.6 million loan A BH representative also told The Real Deal that the firm does not plan to redevelop Wake Biscayne Bay “at this point.” SIGN UPMiami-based Mast Capital and San Diego-based InterWest Capital sold the three-acre site to BH The sellers paid $75.5 million in 2016 for the property the complex underwent a $20 million renovation under the previous owners that had sold the property to the Mast Capital-led joint venture two- and three-bedroom units ranging from $2,093 to $4,354 a month BH is among the most active development and real estate investment firms in South Florida in recent years This month, BH and Delray Beach-based Kolter Group retained Berkadia to list a 1-acre oceanfront redevelopment site in Miami Beach for a whisper price of $110 million, about four times the joint venture’s purchase price for the property at 6985 Collins Avenue in 2023. Kolter and BH paid $24 million for the site which currently houses the 84-room Crystal Beach Suites Miami Oceanfront Hotel built in 1950 Marketing materials show the property can be redeveloped into a 200-foot tall luxury branded condo project with up to 150 units and about 138,000 square feet The two firms are co-developing the Viceroy Residences Aventura the Ritz-Carlton Residences in West Palm Beach and the W Pompano Beach Hotel & Residences TrendingDevelopment South FloridaAMG Developer Prosper pay $31M for North Bay Village condo dev site They plan a 340-foot MG Developer teamed up with Prosper Group to acquire a waterfront condo development site in North Bay Village for $30.9 million has been in contract to buy the 1-acre assemblage at 1681 North Bay Causeway and 1725 79th Street Causeway 147-unit luxury condo tower with retail spaces and a waterfront restaurant The units will range from one to three bedrooms Construction could begin in 2027 and be completed in 2029 Property records show 1681 North Bay Village LLC, led by Tharani Haresh, and 1725 Kennedy Causeway Owner LLC sold the North Bay Village development site Compass agents Andy Daro and Troy Gordon represented the buyer The assemblage is one of two development sites that Prosper planned to acquire for its first South Florida projects Prosper is co-developing a $600 million condo-hotel in Tampa called Ora Hotel and Residences with ARC Realty Group and Sunwest Construction SIGN UPMG Developer has projects in Coral Gables, Miami, Princeton and Hialeah. The firm recently launched sales of the final phase of its Biltmore Square development in Coral Gables, called The George The North Bay Village property is immediately west of the site of Ian Bruce Eichner’s planned Continuum Club at North Bay Village, and the Shuckers site. In June, Continuum Company paid $75 million for the Shuckers Waterfront Bar & Grill property and the adjacent Best Western North Bay Village is experiencing a wave of new development The largest project in the pipeline is the phased mixed-use development north and south of the 79th Street Causeway The Ansin family’s Sunbeam Properties plans that project Last month, Sunbeam paid $8 million to complete a bulk purchase of an aging condo complex which could be used for a commercial component of the project Mikael Hamaoui’s Riviera Horizons is also working on a Pagani-branded condo building. Also, Related Group and Macklowe Properties have been assembling land for a phased luxury condo development, and Shoma Group, led by Masoud and Stephanie Shojaee, is building a 19-story, mixed-use condo tower called Shoma Bay TrendingCommercial South FloridaABH targets North Bay Village under contract to purchase multifamily project for $80M-plusAventura-based firm is acquiring 329-unit Wake Biscayne Bay from Mast Capital BH Group is adding a North Bay Village multifamily project to its South Florida portfolio The Aventura-based firm, led by Liat and Isaac Toledano is under contract to purchase Wake Biscayne Bay a 329-unit apartment project at 7501 and 7525 East Treasure Drive Miami-based Mast Capital and San Diego-based InterWest Capital are selling the three-tower complex to BH The deal is expected to close in the first quarter of next year The Toledanos did not respond to an email request for comment and a Mast Capital spokesperson declined comment In 2016, Mast, led by CEO Camilo Miguel Jr., and its partners bought the complex for $75.5 million when it was known as Treasures on the Bay I the previous owner spent $20 million renovating the three buildings Last month, BH and Related, which are partners on several South Florida developments, landed a licensing agreement with Marriott to use the W brand for a planned Pompano Beach waterfront condo-hotel North Bay Village is booming with new development. Coral Gables-based MG Developer and Miami Beach-based Prosper are planning a 340-foot condo tower with 147 units at 1725 79th Street Causeway. In October, the partnership paid $30.9 million for the 1-acre waterfront development site A month earlier, the billionaire Ansin family’s Sunbeam Properties completed a bulk purchase of Treasure Island Cove, an aging condominium complex at 1631 North Treasure Drive, for $8 million Sunbeam plans to redevelop the existing six buildings with 24 condos into a massive office and hotel components on land it previously acquired And in June, Ian Bruce Eichner’s Continuum Company bought a Best Western hotel at 1819 79th Street Causeway that was home to the recently shuttered Shuckers Waterfront Bar & Grill, a waterfront restaurant popular with local diners for many decades. Continuum paid $75 million for the site which the firm plans to redevelop into a hotel and Continuum-branded condo with a private club This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page proudly announces a $30.9 million acquisition for the launch of a new mixed-use development in North Bay Village the two waterfront towels totaling 42,750 square feet were acquired in a partnership between MG Developer and Miami-based real estate development firm Prosper Group led by Jay Roberts The financing was facilitated by Ayush Kapahi principal and founding partner at New York-based HKS Real Estate Advisors who secured a $21.6 million loan from New York-based lender RMWC This project marks MG Developer’s further expansion into South Florida communities and commercial real estate. The expansive waterfront development will feature 147 new condominiums and three-bedroom residences highlighting contemporary resort-style amenities the towers will boast dining and retail spaces facilitating a dynamic community hub to redefine urban living in the area. shares that “expansion in South Florida is a testament to our commitment to enhancing vibrant neighborhoods and North Bay Village’s transformation.” Jay Roberts The highly anticipated development is currently in its planning stages with groundbreaking expected in 2027 and project completion by 2029. For more on the latest in luxury real estate, visit www.hauteresidence.com. TrendingResidential South FloridaAWaterfront North Bay Village condo building asking $25M tops signed contractsBuyers inked deals for just eight homes and condos in Miami-Dade last week A waterfront condo building in North Bay Village asking $25 million secured a buyer topping last week’s signed contracts report in Miami-Dade County The 15-unit Adagio condo at 7939 East Drive is being marketed as a gut-renovation opportunity for a buyer to then re-list the units for sale. The building is listed with Compass agent Andy Daro, who is also a commissioner for the city. Property records show a company owned by Torres Properties owners Brooke and Christian Torres, owns the 15-story building Torres Properties also owns and operates mobile home and RV resort communities Eight contracts were marked in the Multiple Listing Service between Jan The report tracks listings of properties asking $4 million and up in Miami-Dade The asking dollar volume for the three single-family homes and five condos totals nearly $121.7 million which is authored by the Douglas Elliman star-studded team led by Fredrik Eklund and John Gomes SIGN UPThe single-family homes that entered into contract last week had an average asking price of about $17.2 million and spent an average of 157 days on the market They totaled $51.6 million in asking dollar volume The priciest single-family home to enter into contract is the two-story, six-bedroom Mediterranean-style waterfront house at 4810 North Bay Road in Miami Beach. The property, owned by socialite Ann Barish, was previously in contract to a different buyer It’s asking $22.5 million with Jill Eber of The Jills Zeder Group at Coldwell Banker Barish is married to Planet Hollywood co-founder and film producer Keith Barish The condos that secured buyers last week had an average asking price of $5.8 million and spent about 170 days on the market They totaled $70 million in asking dollar volume The previous week buyers signed contracts for 10 properties in Miami-Dade Last week in New York, buyers signed contracts for 25 homes, according to the latest Olshan report Their combined asking price was $219 million and the typical home spent 899 days on the market ________________________________________________________________________ Michael Miller sits down with Brent Latham for an insightful conversation about the future of the community and the exciting initiatives on the horizon Miami Community Newspapers is your go-to source for Miami community news and lifestyle features across Miami-Dade County our family-owned media company publishes a variety of neighborhood publications both online and in print Explore Miami’s culture through our exclusive community podcasts Promote your business to the localized audience you want to reach with Miami's Community Newspapers. Call 305.669.7355 or view our Media Kit. TrendingResidential South FloridaAAnsin family’s Sunbeam buys North Bay Village condo complexSite will be part of planned mixed-use phased development A photo illustration of Sunbeam’s Andy Ansin along with the Treasure Island Cove condo complex at 1631 North Treasure Drive in North Bay Village (Getty The billionaire Ansin family’s Sunbeam Properties paid $8 million to complete a bulk purchase of an aging condo complex in North Bay Village Sunbeam acquired the 24-unit six-building Treasure Island Cove property at 1631 North Treasure Drive The acquisition equates to about $333,000 per condo Treasure Island Cove was built in 1952 on a non-waterfront site The Treasure Island Cove property could be used for a commercial component of the project With the condo complex, Sunbeam now owns nearly 14 acres north and south of the 79th Street Causeway, which bifurcates North Bay Village Samuel Heskiel and Marilina Apfelbaum of Beachfront Realty arranged the bulk condo deal with attorney Howard Friedberg Heskiel said it took about two years to secure buy-in from all the owners and complete the sale Ansin and other Sunbeam executives took over the association on Tuesday More developers are eyeing condo buyouts because of a lack of undeveloped land Unit owners in older buildings are also increasingly looking to sell their condos to developers because the cost of maintaining repairing and insuring their properties has become unsustainable Deadlines stemming from new condo safety laws enacted after the deadly Surfside condo collapse will go into effect at the end of this year Treasure Island Cove had an upcoming 70-year recertification The deal marked his first condo termination which he said was more challenging than he expected He waited to close on the property until all the owners and tenants had moved out SIGN UP“I wanted 100 percent of the sellers to agree to the sale,” Ansin said “I didn’t want to be pushing anyone out of their home.” Sunbeam’s holdings include the Presidente Supermarket-anchored retail center just north of Treasure Island Cove. The firm paid $14 million for the property in late 2021 in a deal also brokered by Heskiel and Apfelbaum In 2022, the village commission approved a height increase that allows up to 650 feet on the north side of the causeway where heights were previously capped at 340 feet; and up to 450 feet on the south side where heights were previously capped at 240 feet A zoning code overhaul two years earlier has attracted other developers to the two-island town in Biscayne Bay Sunbeam’s parent company, Sunbeam Television, owns WSVN-Channel 7, which will relocate to Miramar from North Bay Village The first phase of Sunbeam’s project is a 250-unit condominium building with restaurants and retail space on the waterfront across from WSVN’s property Ansin has acquired a handful of homes nearby in Miami Beach’s Normandy Shores He has said he could redevelop the residential properties for executives and owners of companies that relocate or expand their firms to his North Bay Village project – A three-day going-away party kicked off for Shuckers Waterfront Grill in North Bay Village on Friday After 35 years, the South Florida staple known for its prime rib sandwich will close its doors on Sunday announced its closure following the sale of the property and the neighboring hotel to a real estate developer for $75 million Staff told Local 10 News that plans are underway to reopen Shuckers at a new location Copyright 2024 by WPLG Local10.com - All rights reserved Christian De La Rosa joined Local 10 News in April 2017 after spending time as a reporter and anchor in Atlanta Miami-based developer Shoma Group has broken ground on Shoma Bay in the waterfront community of North Bay Village Shoma Group aims to fill a significant gap in the North Bay Village community which has been virtually untouched from a development standpoint for approximately a decade Shoma Bay has become the benchmark for future residential projects in North Bay Village CEO and Chairman of the Board at Shoma Group recognized the island’s potential as a hidden gem early on making Shoma Bay the first development to capitalize on North Bay Village’s evolution "We are thrilled to commence the construction of Shoma Bay a project that exemplifies our commitment to delivering exceptional residential experiences," said Masoud Shojaee "This groundbreaking marks the beginning of a new era in North Bay Village where residents will have the opportunity to embrace a luxurious bay-front lifestyle in one of Miami's most sought-after communities." Shoma Bay will offer 333 luxury residences three of which have been combined into larger units The project’s assortment of meticulously designed floor plans include furnished studios to three-bedroom units and 10 penthouses; Masoud and his wife Stephanie Shojaee will be residing in one of these penthouses Pricing of available inventory starts at $750,000 with ISG World as the exclusive sales team for Shoma Bay Each residence will be thoughtfully crafted to optimize comfort and functionality with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos By blending classic art-deco elements with a contemporary aesthetic the building's sophisticated design and thoughtfully crafted amenities will cater to individuals seeking a holistic approach to living Separate from the offerings of the standard residences Shoma Bay’s penthouses will showcase unique finishes Penthouse kitchens will feature an exclusive Gaggenau Appliance Collection including a French Door Panel-Ready Refrigerator and Freezer The bathrooms will feature an exclusive Armani Bathroom Collection including a Frameless Rain Shower and a Designer Soaking Tub in select units The development will also include a resident lounge and bar a two-story state-of-the-art fitness center The highlight of the development will be the expansive 6,030-square-foot pool deck Residents will also benefit from designated parking the project will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space "We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village," said Stephanie Shojaee we meticulously craft each development with the future residents in mind ensuring that every detail enhances their comfort and enriches their lifestyle That's what they will experience firsthand at Shoma Bay From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay we have curated a collection of exceptional amenities that will elevate the living experience for our residents." Shoma Bay benefits from a prime location at the intersection of 79th Street Causeway and East Treasure Drive Residents will enjoy convenient access to major highways and a plethora of world-class dining and entertainment options South Florida offers The project’s anticipated completion date is the end of 2026 For more information about Shoma Bay or to inquire about purchasing a unit please fill out the form below: TrendingResidential South FloridaADouglas Elliman sues Eichner’s firm over Continuum North Bay Village condo projectBrokerage is seeking $400K alleges developer breached its contract by hiring two former Elliman agents to sell the project Douglas Elliman is suing an affiliate of developer Ian Bruce Eichner’s firm for hiring two former Elliman agents to stay on the sales team for the Continuum-branded North Bay Village condo project The brokerage filed a lawsuit against 1755 JFK Owner LLC, Ruben Alvarez PA and Karla De La Torre in Miami-Dade Circuit Court in November. The lawsuit alleges that the developer violated the contract it had with Elliman after firing the brokerage by hiring Alvarez and De La Torre who were both working on the project before The developer “agreed to refrain from hiring any member of [Douglas Elliman Florida’s] staff who participated in any way with the project without obtaining written consent,” the lawsuit alleges the developer would be on the hook for $200,000 per breach In April 2023, the developer hired Elliman’s development marketing arm to lead sales of the planned Continuum Club & Residences, a 32-story, 198-unit building at 1755 79th Street Causeway. Eichner’s firm and its partner, Aksoy Holding, launched sales at the end of 2023 The Continuum Company terminated its contract with Elliman in October 2024 and launched Continuum Realty shortly after that to handle sales in-house The Continuum Company affiliate ended its contract with Elliman just over 18 months after it was executed meaning Continuum was outside of a window that would have required it to pay Elliman the lesser of $200,000 or 1 percent of the value of all the unsold units according to a copy of the contract included in the complaint “We are confident that both parties will reach a fair and amicable resolution in due course,” David Fischman did not immediately respond to requests for comment The brokerage’s contract was terminated Oct. 16, a few days before Howard Lorber abruptly stepped down as chairman and CEO of Elliman on Oct 22 though the developer gave notice of the termination a month earlier who was reportedly pushed to resign early following an internal investigation into the company’s workplace culture was replaced by board member Michael Liebowitz The contract also shows how much Elliman was earning If the sales team handled both sides of a deal the developer would pay the brokerage 4 percent If an outside broker or an Elliman agent not working on the project was involved The North Bay Village project marks the second Continuum-branded condo development for Eichner in South Florida after completing the two-tower Continuum in Miami Beach more than two decades ago The developer paid $35 million for the 1.4-acre North Bay Village site in early 2023 Last summer, Continuum Company expanded its holdings in the city with the $75 million acquisition of the popular Shuckers Waterfront Bar & Grill property and the adjacent Best Western in North Bay Village – Shuckers Waterfront Grill will be closing its doors later this month but not before throwing a three-day long closing party According to a post on Instagram the legendary waterfront restaurant in North Bay Village will start its party on Friday Oct Earlier this year, real estate development firm Continuum Company acquired Shuckers Waterfront Grill and the neighboring Best Western Inn in North Bay Village for $75 million. In a news release, Continuum Company revealed that it secured a $67.5 million loan to acquire the waterfront property, which is located at 1855 79th Street Causeway. Shuckers, which is known for its famous Prime Rib sandwich, special grilled wings and fish dip, has been serving folks for 35 years. View this post on Instagram A post shared by Shuckers Waterfront Bar (@shuckersmiami) Shuckers made national headlines in 2013, when its deck collapsed during a Miami Heat watch party during game 4 of the NBA Finals The Shuckers property is adjacent to another Continuum waterfront development which is called the Continuum Club & Residences The deal expands the company’s North Bay Village waterfront footprint to 4.5 acres Veronica Crespo writes for Local10.com and also oversees the Español section of the website she graduated from the University of Miami where she studied broadcast journalism and Spanish Copyright © 2025 Local10.com is published by WPLG INC., a Berkshire Hathaway company. View this post on Instagram A post shared by Shuckers Waterfront Bar (@shuckersmiami) Continuum Company  has expanded their North Bay Village assemblage with the acquisition of Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina in North Bay Village An acquisition and pre-construction development loan was secured for $67.5 million from  Longline Financial The property is adjacent to the company’s latest waterfront development in North Bay Village expanding the firms North Bay Village waterfront footprint to 4.5 acres The on-site restaurant and hotel will continue to be open and fully operational "Securing Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina demonstrates Continuum's confidence in the promising future of North Bay Village,” said Alexandra Eichner "This premier acquisition marks a significant milestone in bringing that vision for North Bay Village’s exciting development to life.”  “The vision for North Bay Village is exactly the same as the Continuum on South Beach 20 years ago We saw a substantially undervalued oceanfront development opportunity and then transformed the neighborhood into one of the most coveted places to live” said Ian Bruce Eichner “And this waterfront island address is surrounded by the best of Miami; the Beaches North Bay Village is primed for re-development following its 2020 rezoning which is heralding a new era of luxury and elevating the waterfront enclave to  new heights Continuum Companies recently launched Continuum Club & Residences the newest luxury bayfront condominium in Miami's exclusive North Bay Village which is adjacent to the Shuckers Waterfront Bar & Grill property and will rise 32 stories offering 198 residences Other development projects in the neigborhood include Shoma Bay and Pagani Residences Miami YAYA Coastal Cuisine boasts a Mediterranean menu by the former Prime 112 executive chef Yaya (stylized YAYA) Coastal Cuisine is set to open in North Bay Village in mid-August It promises a blend of Mediterranean cuisine with a Miami twist The stunning bayfront location offers panoramic water and skyline views from floor-to-ceiling windows Angel Febres leads the venture and is also behind local favorites like Racket, Drunken Dragon, Foxhole, and Casa Tiki. Running the kitchen is former Prime 112 executive chef Todd Zimmer to hot mezze featuring flaming saganaki and crispy zucchini and eggplant Entrees include options like “Uni in Seawater,” Maine lobster cobb salad and a whole Spanish dorade with watercress and fennel easy-to-drink cocktails include the Mediterranean Martini and a lounge area with seating for 110 in the main dining room and an additional 80 outside The private dining room accommodates up to 40 guests The YAYA Club features 14 dockage spots at the YAYA Marina Members have exclusive access to a private dining room TrendingDevelopment South FloridaAEichner’s Continuum pays $75M for Shuckers site in North Bay VillageWaterfront property expands developer's portfolio in North Bay Village to 4.5 acres Ian Bruce Eichner’s Continuum Company acquired the popular Shuckers Waterfront Bar & Grill property and the adjacent Best Western in North Bay Village Continuum paid $75 million for the restaurant and hotel at 1819 79th Street Causeway The firm financed the deal with a $67.5 million loan from Longline Financial Montreal-based Jesta Group, which planned to redevelop the site into a mixed-use hotel and apartment project, sold the property. It secured approval for its plans in 2023 Jesta also owns the Clevelander and Essex hotels in South Beach which it plans to redevelop into a Live Local Act workforce housing and condo project The North Bay Village property brings Continuum Company’s portfolio in North Bay Village to 4.5 acres and the hotel will remain open until the developer decides what this phase of the project will entail The hotel was just renamed North Bay Inn Miami Continuum Company said the Shuckers-anchored property could become a hotel and Continuum-branded condo with a private club Construction of this phase could begin in 2025 In December, Eichner’s firm and its partner, Aksoy Holding, launched sales of the Continuum Club & Residences planned for the site at 1755 79th Street Causeway will mark the latest Continuum development for Eichner in South Florida Eichner completed the two-tower Continuum in Miami Beach more than two decades ago Eichner’s firm paid $35 million for the 1.4-acre North Bay Village site last year also led by his daughter Alexander Eichner is building the luxury condo projects called La Baia North and South in Bay Harbor Islands A number of other developers have big plans for the three-island town which is sandwiched between Miami and Miami Beach The village approved a zoning code overhaul in 2020 that allowed bigger projects Shoma Group, led by husband and wife Masoud and Stephanie Shojaee, plans a 21-story 327-unit condominium tower at 1850 79th Street Causeway The billionaire Ansin family, which owns Sunbeam Television, plans a mixed-use project across several properties north and south of the 79th Street Causeway Earlier this year, the Pérez family’s Related Group and New York developer Harry Macklowe acquired more units at the waterfront Majestic Isle condo building that was previously deemed unsafe where they plan a luxury residential development on a larger assemblage of land One project in North Bay Village has stalled. 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Bay Village and AWS during Miami Tech Week Join us for a networking evening during Miami Tech Week designed for women in Web3 & the tech industry supported by North Bay Village Vice Mayor Goran Cuk and AWS This is a fantastic opportunity to connect with talented female founders and professionals who are shaping and driving the future of the industry and expand your network with like-minded women over an evening of drinks RSVP Required – Register to Secure Your Spot 📍Location: Revealed to registered attendees 🍷 Format: Evening Drinks / Networking with female Industry leaders 🎵 Live music: DJ Jovana is a successful resident DJ at MAD Radio and local Miami venues playing a mix of open format afro-house & disco TrendingDevelopment South FloridaAProsper in contract to buy dev sites in Brickell North Bay Village for $70MJay Roberts’ firm plans to partner with developers on Brickell condo-hotel waterfront condo tower in North Bay Village A photo illustration of Jay Roberts along with the Brickell development site at 1040 South Miami Avenue in Miami and the assemblage at 1681 and 1725 Kennedy Causeway in North Bay Village (Getty is in contract to acquire two sites in Miami-Dade County where the company plans luxury condo towers Prosper inked contracts for a Brickell development site at 1040 South Miami Avenue in Miami for $40 million and the assemblage at 1681 and 1725 Kennedy Causeway in North Bay Village for $30.5 million The projects will mark the first developments in South Florida for Miami Beach-based Prosper The firm is co-developing a $600 million condo-hotel in Tampa called Ora Hotel and Residences The Brickell property was previously slated to become a Virgin Hotel with a co-living component developed by Richard Branson’s Virgin Hotels and Blue Jay Capital Roberts said he signed the contract for the 0.6-acre property in June and he’s expecting to close on the purchase in the first half of 2026 Property records show FX South Miami LLC owns the site Jeffrey Rodriguez with the law firm Adams Gallinar is representing the seller along with Coldwell Banker real estate agent Evon Gordon Jonathan Cohen of Siegfried Rivera is representing Prosper in the deal Roberts said he plans to partner with a local condo developer to build the project which will likely be a condo-hotel with up to 300 residential units “The vision is to build the healthiest building in Miami,” he said SIGN UPThe site is part of a proposed expansion of Miami-Dade County’s rapid transit zone which could provide for additional residential density In North Bay Village, Prosper is under contract to buy the adjacent properties immediately west of the site of Ian Bruce Eichner’s planned Continuum Club at North Bay Village, and the Shuckers site, which Eichner’s firm recently acquired and plans to redevelop Prosper is set to close on the adjacent sites later this year He is working with developer John Jacobson Jacobson co-developed the Six Senses resort in Ibiza with architect and developer Jonathan Leitersdorf The North Bay Village assemblage will be developed into a luxury condo tower with up to 147 units Presales could launch in the first half of next year The building would include a waterfront restaurant Property records show 1681 North Bay Village LLC and 1725 Kennedy Causeway Owner LLC is selling the other Compass agents Andy Daro and Troy Gordon are representing Prosper in the acquisitions North Bay Village is in the midst of a development boom In addition to Eichner’s planned projects, Mikael Hamaoui’s Riviera Horizons plans a Pagani-branded condo building. Related Group and Macklowe Properties have been assembling land for a phased luxury condo development and the Ansin family’s Sunbeam Properties plans a major mixed-use development north and south of the 79th Street Causeway