The last oceanfront land on Sunny Isles Beach was purchased for $9.6M. Sky Development, known for Da Vinci on the Ocean and City Park in Aventura, has just announced the purchase of the last remaining parcel of land in Sunny Isles Beach. The plans are to build a 300-room full-service hotel that had recently been slated for a 69-unit condo tower.
Land purchased for $9.6M
Gavin Susman, chief executive officer of the Aventura-based developer, said the company paid $9.6 M on July 14th for a .88 of an acre (38,332 Sq Ft.) parcel right on Sunny Isles Beach. Gavin Susman said Sky Development Inc. bought it because it was such a great deal. The hotel will be built in partnership with R.K. Properties, which dominates the commercial sector in Miami Beaches. ~ Sky Development
Oceanfront Land on Sunny Isles Beach
Heard it through the grapevine (Update on JULY 22nd). The oceanfront land parcel purchased IS the Da Vinci on the Ocean project. The developer MAY be turning this parcel into a Nikki Beach Club-style public beach club… my sources are not 100% but inside information regarding R.K. Properties and new developments. Sunny Isles Beach would get outstanding new attention with this new public beach club if this rumor is true. It would be amazing for this area slightly lacking in the “fun factor.” Please advise the readers or contact me if anyone knows the facts or has additional insights!