Oceana Key Biscayne, a 250 Million Luxury Condo Development on the beach breaks ground on St. Valentine's Day!
Yes, its true is finally here, for years we have wondered what is going to happen to the former Sonesta Hotel site on Key Biscayne and now it has been unveiled and it has a name. Oceana Key Biscayne just broke ground and will become the first development after a decade of "Construction Silence"in Key Biscayne, Miami Florida.
Oceana promises to be a modern sleek design very different from the other condominiums in the Island such as Ocean Club with its mediterranean architecture. Oceana will share the same lobby for its fourteen story twin towers will have beach cabanas, a large swimming pool, palm tree boulevard leading to the beach and above all high quality, if not the best, materials will be used in the making of this new masterpiece in Key Biscayne.
The developer Consultatio is new to this grounds, but an experienced real estate developer from Argentina with a 30 years of experience developing high end planned communities and residential condo towers such as Puertos del lago, Las Garzas in Uruguay, Nordelta which may sound familiar to south american buyers. Consultatio bought this lot back in 2009 for $80 Millions and now Oceana at Key Biscayne will cost an estimated of $250 Millions to built. With a cost like this and the superb location we are looking probably at unit prices starting in the $2 or $3 Millions range my guess since prices has not been released to the public yet.
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During the breaking ground ceremony, Eduardo Constantini, President of Consultatio said:"We are very excited with this excellent reception that Oceana has within the Key Biscaye Community. The fact that we have government and community support is very important reinforcemenr and also a commitment for the project to have the highest quality standards, respecting Consultatio's philosophy." With that said we should expect no less than the best quality materials used in the construction of this development and excellent amenities specially for a property so graceously located on the beach of Key iscayne.
Oceana on Key Biscayne will be a development of twin towers with 14 floors and 154 condo residences. Its interior spaces will range from 1,80 square feet to 7,500 square feet, not bad for Key Biscayne, after all is considered one of the most expensive neighorhoods in Miami and one of the highest income per capita in the Unites States.