Closings Underway at Marina Palms Yacht Club & Residences

Development Team Delivering Miami-Dade County’s First Residential & Marina Luxury Complex in over 20 Years

North Miami Beach, FL – Marina Palms Yacht Club & Residences, the first residential and marina development to be constructed in Miami-Dade County in a generation, has begun closing on residences in its north tower.

“For those buyers who envisioned living the luxurious yachting and boating lifestyle, our vision is now a reality,” said Neil Fairman, president of The Plaza Group, whose affiliate is developing the project with The DevStar Group. “We’re pleased with how the design, fit and finishes have come together, and we are excited to deliver a remarkable luxury waterfront product and living experience to our buyers.”

“Finishing up construction on our north tower and starting closings has energized our sales center that has provided a tremendous sales lift for the south tower,” said Michael Internoscia, sales director. “Prospective buyers see that we are delivering on what we promised and that we are truly developing something very unique in the Miami market. At Marina Palms right now, we are capturing a buzz and energy that we think is exclusive to our property, which is demonstrated by the everyday excitement we see in our current and prospective buyers.”

Located on the water at 172nd Street and Biscayne Boulevard in North Miami Beach, the development features two, 25-story towers with a combined 468 luxury waterfront residences. The north tower is sold out; the south tower, which is already 80 percent sold, is well under construction and expected to be completed in late 2016.

Buyers who have purchased in the north tower are coming into town from all over the world and are eagerly working with interior designers and decorators to finish and furnish their luxury waterfront residences for the upcoming season.

“While our first residents complete their interior buildouts and prepare to move in, we expect our final finishes in the common areas to be completed towards the end of the year,” said Anthony Burns, a principal of The DevStar Group.

Burns said the 112-slip marina is substantially complete and the feedback from purchasers has been tremendous.

“Many of our slip purchasers are boating enthusiasts and have complimented us on the quality of the dock system and overall layout of the marina.”

This is only the latest news at Marina Palms Yacht Club & Residences. Between the luxurious common areas, expansive pool deck, and the full-service marina with a high-speed fuel point and sundry store, the development brings spectacular amenities to its residents in the north tower and prospective buyers in the south tower. Marina Palms Yacht Club & Residences will have one million square feet of livable space fronting a spectacular waterfront promenade and is sure to be the jewel of the Intracoastal Waterway.

Among other innovations, Marina Palm’s new “Perfect 10” program, created in collaboration with Interiors by Steven G., offers a unique and highly desirable floor plan situated in the south tower’s most prized residential line. Located on the southeast corner, the Perfect 10 Line boasts spectacular ocean and skyline views with an innovative FLEXspace that presents purchasers with endless possibilities curated to their lifestyle.

Every two- three- and four-bedroom residence and penthouse offers luxury finishes, white glove services and an expansive array of amenities including butler service, an infinity-edge pool and hot tub, a state-of-the-art gym, a spa with treatment rooms, a sauna, a steam room and workout studios, a news café, a club room with bar, pool table and 100-inch TV, poker table, children’s playroom and teen lounge. The development will have secure, gated-access with 24-7 security, valet service and a personalized e-concierge system known as MP Connect.

As the first residential and full-service marina/yacht club development to be built in Miami-Dade County in more than 20 years, the ultra-modern, full-service yacht club and marina will offer service yachts. Marina Palms also will feature an exclusive boat club for its residents.

For sales information, contact Michael Internoscia, director of sales, by calling (866) 338-5643 or schedule a visit online.

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About Marina Palms:

Marina Palms Yacht Club & Residences represents the first luxury high-rise and full-service marina/yacht club development in Miami-Dade County in more than 20 years. Developed by affiliates of The Plaza Group and The DevStar Group, the two residential towers each will have 25 floors with a combined 468 condo units. The marina and yacht club will offer concierge service and 112 slips with mooring for yachts up to 100 feet.

About The Plaza Group:

During the past two decades, Neil Fairman, President and Founder of The Plaza Group, has successfully foreseen opportunities that result in world- class real estate developments. From hotels and high-rise, luxury residences to retail shopping centers and commercial space, their diverse portfolio of real estate projects has reshaped communities and spurred real estate trends. Successful projects include The Palms in Fort Lauderdale and Ocean Palms in Hollywood Beach.

About The DevStar Group:

The DevStar Group is a development and investment firm headquartered in Miami, FL that focuses on the high-end residential condominium market. DevStar principals have spearheaded the redevelopment and sales efforts of some of South Florida’s most exciting luxury condominium projects including the 47-story Paramount Bay located in the Edgewater District of Miami and Ocean House South Beach, a collection of boutique oceanfront residences located in the exclusive South of Fifth neighborhood. The principals of The DevStar Group are Anthony Burns and George Helmstetter. DevStar is partnering with iStar, a $7 billion dollar finance and investment company focused on real estate and traded on the New York Stock Exchange under the symbol SFI.