Demolition Begins Transformation of Waterfront at Marina Palms Yacht Club & Residences

Removal of Old Marina Marks Start for the First Miami Yacht Club Community in Two Decades

Construction crews rolled in cranes and bulldozers to begin work on the Marina Palms Yacht Club & Residences north condominium tower in early September. Now, they are working on the first phase of the waterfront, removing the old marina infrastructure, which marks the initial step of the transformation into the first full-service, luxury yachting residential property in Miami-Dade County in 20 years.

Construction and demolition work is ongoing at the 14-plus acre site, located at 172nd Street and Biscayne Boulevard in North Miami Beach. Over the next 10 weeks, construction crews from Coastal Construction will be removing 25,000 square feet of old docks along with 750 support pilings. Once removed, the crews will continue construction of the new seawall and both the floating and fixed docks.

Upon completion, the full-service marina will have 112 slips and will accommodate yachts up to 90 feet in length. Each slip will have a power box supplying each boater with Wi-Fi, lighting, electrical outlets and fresh water. The marina will also feature a full-time, on-site dock master, yacht club concierge, full service fuel point and sundry store. Boaters will travel approximately 20 minutes to reach the Atlantic Ocean.

“This is the 36th project that I’ve built, so you learn a lot along the way. It’s vital that any waterfront project be designed and constructed with the unique South Florida environment in mind.”

– Larry Jankins, SVP of The Plaza Group

With two towers and 468 spacious residences, Marina Palms Yacht Club & Residences will cater to the Miami luxury real estate purchasers, marrying the yachting lifestyle with luxury high-rise living.

“This stage of progress at Marina Palms marks an exciting milestone for the community, and its future residents. The result will be a state-of-the-art marina with the latest amenities for even the most discerning yacht owners.”

–Neil Fairman, President of The Plaza Group

For sales information on Marina Palms Yacht Club & Residences contact us online, or call (866) 338-5643.

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About Marina Palms:

Marina Palms, a project being developed by affiliates of The Plaza Group and The DevStar Group, is comprised of two towers, each 25 stories tall, with a total of 468 units. A full-service yacht club and marina will feature 112 boat slips for yachts up to 90 feet. Marina Palms is the first Miami luxury real estate development with full-service marina/yacht club to be built in Miami-Dade in the past 20 years.

Located at 172nd Street and Biscayne Boulevard in North Miami Beach, Marina Palms Yacht Club & Residences will offer amenity-rich living, unparalleled services and a boating lifestyle designed for yachting enthusiasts. With one million sq. ft. of livable space fronting a waterfront promenade, the residential development will entice any buyer in search of luxury waterfront living.

Every two-, three- and four-bedroom Miami condos and penthouse in the two-tower Miami waterfront development will offer luxury amenities such as butler service, 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, club room with bar, billiard table and 100” plus TV, children’s playroom and teen lounge and secure, gated access with 24-7 valet service.

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 Financial, a $7 billion dollar finance and investment company focused on real estate and traded on the New York Stock Exchange under the symbol SFI. iStar, one of the largest investors in luxury condominium, multi-family and master-planned residential developments throughout the United States, has financed and invested over $10 billion in residential projects since 1993, with a portfolio that has included interests in over 18,000 condominium units in the nation’s top markets.