Sereno Bay Harbor Islands Bay Harbor Islands, FL

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DEAL TYPE
:Note Acquisition
PROPERTY TYPE
:Condominium Development
MARKET STATUS
:active

Property Description:

In December 2012, a joint venture among 13th Floor and strategic partners acquired 134 multifamily units (117,000 rentable square feet) across 13 buildings on Bay Harbor Island, Florida. The acquisition took place as a note acquisition and simultaneous deed-in-lieu to achieve a fee simple interest on the property. The joint venture has sold the majority of the parcels and construction has commenced on a 38 unit (100% sold), luxury residential waterfront community, known as Sereno Bay Harbor Islands.

Map

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