{"id":1004095051,"date":"2014-04-18T08:25:14","date_gmt":"2014-04-18T16:25:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=255530"},"modified":"2022-03-03T03:21:10","modified_gmt":"2022-03-03T11:21:10","slug":"golden-sands-oceanfront-development-site-in-miami-beach-sold","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/golden-sands-oceanfront-development-site-in-miami-beach-sold\/","title":{"rendered":"Golden Sands Oceanfront Development Site in Miami Beach Sold"},"content":{"rendered":"<p><em>By Balazs Szekely, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/2014-04-17-Golden-Sands-Oceanfront-Development-Site-in-Miami-Beach-Sold.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-255532\" title=\"Golden Sands Miami Beach site\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/2014-04-17-Golden-Sands-Oceanfront-Development-Site-in-Miami-Beach-Sold.jpg\" alt=\"\" width=\"300\" height=\"166\" \/><\/a>CBRE Hotels has announced the sale of the former Golden Sands development site. A team comprised of CBRE Hotels representatives Christian Charre, Paul Weimer and Natalie J. Castillo along with CBRE Capital Markets brokers Robert Given and Gerard Yetming spoke for the seller\u2014a subsidiary of Lehman Brothers\u2014in the transaction. SMG\/Shamrock and W Capital Group of Miami Beach teamed up to acquire the 0.93-acre parcel.<\/p>\n<p>Located in the highly sought after residential North Beach neighborhood of Miami Beach the site received approval in 2005 to allow up to 40 residential units comprising 57,945 net sellable square feet, 2,887 square feet of retail and 55 parking spaces in a 20-story building. Adjacent to the Canyon Ranch Hotel &amp; Spa, the vacant lot at 6901 Collins Avenue in Miami Beach, Fla. boasts over 125 feet of ocean frontage.<\/p>\n<p>The venture intends to build a 14-unit boutique, luxury 20-story tower comprised of 4,500 square-foot exclusive residences, each occupying an entire floor. The top two floors of the tower will make up a single 7,000 square-foot penthouse residence and just like the other units below it, it will offer unique oceanfront and bay views.<\/p>\n<p>Construction work is expected to kick off around the end of this year.<\/p>\n<p>W Capital provides shareholder liquidity for private equity investments and purchases individual investments, portfolios of equity investments from private equity and venture capital firms, financial institutions and company founders. Since its inception the company has completed more than 70 transactions.<\/p>\n<p><em>Photo credits: <\/em><a href=\"https:\/\/www.google.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>Google Maps<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE Hotels has recently announced the sale of the former Golden Sands development site.<\/p>\n","protected":false},"author":35,"featured_media":1004506968,"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":[1815],"class_list":["post-1004095051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miami","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Golden Sands Oceanfront Development Site in Miami Beach Sold - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/golden-sands-oceanfront-development-site-in-miami-beach-sold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Golden Sands Oceanfront Development Site in Miami Beach Sold\" \/>\n<meta property=\"og:description\" content=\"CBRE Hotels has recently announced the sale of the former Golden Sands development site.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/golden-sands-oceanfront-development-site-in-miami-beach-sold\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-18T16:25:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T11:21:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/2014-04-17-Golden-Sands-Oceanfront-Development-Site-in-Miami-Beach-Sold.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Golden Sands Oceanfront Development Site in Miami Beach Sold\",\"datePublished\":\"2014-04-18T16:25:14+00:00\",\"dateModified\":\"2022-03-03T11:21:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/2014-04-17-Golden-Sands-Oceanfront-Development-Site-in-Miami-Beach-Sold.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Miami\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/golden-sands-oceanfront-development-site-in-miami-beach-sold\\\/\",\"name\":\"Golden Sands Oceanfront Development Site in Miami Beach Sold - 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