Kushner Companies Unveils Plans for an Exclusive Luxury Development in Surfside Miami
Kushner Companies, a prominent New York-based investment firm, is poised to make a strategic expansion in the high-end real estate market with its latest acquisition: a 2.23-acre property in Surfside, purchased for $40 million.
The firm's plan to develop a luxury housing complex at this prime location is an ambitious project. The proposed 140,637-square-foot apartment building, rising three stories above grade, will offer 87 high-end units. These units, ranging from 1,128 to 2,284 square feet, will provide a mix of one to three-bedroom floorplans, catering to a diverse range of upscale clients.
A key aspect of this development is the integration of a historic building into the modern design, adding a unique appeal to the property. The project will feature over 7,000 square feet of indoor amenities on the ground floor, a rooftop pool deck, and a bespoke 700-square-foot synagogue, enhancing its attractiveness to potential buyers.
Furthermore, the plan includes 194 underground parking spots, addressing a crucial need in the urban landscape. The architectural design, led by Jo Palma & Partners, promises a blend of luxury and functionality, with conceptual renderings showcasing a low-rise building with a swimming pool. The preservation of a 2,250-square-foot historic building, dating back to the 1940s, adds to the project's exclusivity.
Located at 9300 Collins Avenue, Surfside, Florida, 33154, in Miami-Dade County, this project is not only in a sought-after location but also represents a turnaround story. Previously a distressed development under Eden Surfside LLC, with unfulfilled plans for a townhome and hotel development, Kushner Companies is now revitalizing the site, presenting a potentially high-return investment opportunity.
The Surfside’s Planning and Zoning Board's upcoming consideration of the proposal on November 30 marks a critical juncture. This project offers a chance to invest in a property with a combination of luxury, historical significance, and strategic location, promising substantial returns in the upscale real estate market.
