Coastal Construction Wins Contract For Million-Square-Foot Residential Development

Aug 29, 2013 No Comments by

Marina Palms Yacht Club & Residences, North Miami

The group developing Marina Palms Yacht Club & Residences in North Miami Beach has selected Coastal Construction as the general contractor for the waterfront luxury condominium project.

“Coastal Construction is a well-established company that has been doing quality work in South Florida for several decades,” said Neil Fairman, president of The Plaza Group. “They are a perfect fit for the type of high-end product we are delivering to the market. We are pleased to have them as our general contractor.”

Construction on the first of two towers is expected to commence in September.

Marina Palms, a project being developed by affiliates of The Plaza Group and The DevStar Group, is comprised of two towers, each 25 stories tall, with a total of 468 units.  A full-service yacht club and marina will feature 112 boat slips for yachts up to 90 feet. Marina Palms is the first luxury high-rise residential and full-service marina/yacht club development to be built in Miami-Dade in the past 20 years.

Located at 172nd Street and Biscayne Boulevard in North Miami Beach, Marina Palms Yacht Club & Residences will offer amenity-rich living, unparalleled services and a boating lifestyle designed for yachting enthusiasts. With one million sq. ft. of livable space fronting a waterfront promenade, the residential development will entice any buyer in search of luxury waterfront living.

Every two-, three- and four-bedroom residence and penthouse in the two-tower development will offer luxury amenities such as butler service, infinity-edge pool and hot tub, a state-of-the-art gym, a spa with treatment rooms, a sauna, a steam room and workout studios, a news café, club room with bar, billiard table and 100” plus TV, children’s playroom and teen lounge and secure, gated access with 24-7 valet service.

Prices for residences start in the low $600,000s.

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Industry News, Miami-Dade County Multifamily, Multifamily, NA
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