By Georgiana Mihaila, Associate Editor<\/p>\n
The partially finished waterfront condominium tower NoBe Bay has been monopolizing headlines since last week when it changed ownership. A joint venture formed by 13th Floor Investments and Key International has successfully closed the deal on the project, that includes both the tower and its nearby garage, through a bank-ordered sale.<\/p>\n
The terms of the sale have not been disclosed, but the joint venture partners have declared that they plan on investing up to another $10 million within the next year in the completion of the project. The tower at 6700 Indian Creek Dr. has 98 one-, two- and three-bedroom units, ranging from 650 sq. ft. to 1,800 sq. ft., and will include upon completion amenities such as a pool deck and cabanas overlooking the bay, a garden patio, a gym and valet parking. The parking garage has 453 spaces, and 12,000 sq. ft. of street-level commercial space are also included. Designed by renowned architect Kobi Karp, the NoBe Bay tower is currently 80 percent completed.<\/p>\n
In other real estate news, an architecture firm has been selected for the $3 billion Resorts World Miami project. Genting Malaysia Berhad, the new owner of the 14-acre waterfront parcel surrounding the Miami Herald<\/em> headquarters, has chosen one of Miami\u2019s own to design the major mixed-use project. Internationally known Arquitectonica will create the master plan for the mixed-use project that will include restaurants, shopping, residential towers, entertainment and other commercial facilities\u2014further details on the project will be released by the end of August.<\/p>\n Resorts World Miami will create thousands of jobs and reshape the northern edge of downtown Miami. The project will have a major impact on the city’s tourism, entertainment and real estate landscape. According to The Miami Herald<\/em>, Arquitectonica gladly accepted the challenge.<\/p>\n","protected":false},"excerpt":{"rendered":" By Georgiana Mihaila, Associate Editor
\nThe partially finished waterfront condominium tower NoBe Bay has been monopolizing headlines since last week when it changed ownership. A joint venture formed by 13th Floor Investments and Key International has successfully closed the deal on […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[],"class_list":["post-1004051924","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest"],"acf":[],"yoast_head":"\n