Marina Palms Yacht Club & Residences Celebrates Construction Milestone

Luxury Condominium Project Tops Off Second Tower May 13

NORTH MIAMI BEACH – Marina Palms Yacht Club & Residences in North Miami Beach is celebrating another significant construction milestone – the topping off of its second and final tower. The development team, contractor, representatives from HSBC and BB&T banks as well as North Miami Beach city officials celebrated with a traditional topping off ceremony on May 13th.

This is a momentous occasion for us, the community and especially our buyers,” said Neil Fairman, president of The Plaza Group who is co-developing the project with The DevStar Group. “We are now one important step closer to the completion of Miami-Dade’s first luxury condominium and yacht club development in over two decades.”

Construction crews commenced pouring concrete for the first deck of the 25-story building last summer, and poured the roof approximately eight months later. An average of 300 crew members worked daily to pour over 630,000 square feet of concrete for the second building, known as the south tower.

The second tower is on schedule to be finished by the end of the year, and the developers recently released the Final Forty residences for sale in the south tower starting at $950,000. The north tower opened to buyers at the end of last year.

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

The development boasts 468 two-, three- and four-bedroom residences and penthouses. Amenities include 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, club room with bar, pool table and 100-inch-plus TV, children’s playroom and teen lounge. The development has secure, gated-access with 24-7 valet service.

The full-service, namesake yacht club and marina with 112 slips for yachts up to 100 feet and an exclusive resident only boat club is already open for owners to enjoy.

For more information about how you enjoy the luxury waterfront lifestyle at Marina Palms, call 786-629-9670 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 in excess of 90 feet.

About Coastal Construction

Award-winning Coastal Construction Group and the Murphy family have been building throughout Florida for three generations and are one of the leading builders in the state. Coastal operates in 11 markets and has significant experience in commercial, hospitality, single and multi-family residential, educational, government-related facilities and disaster recovery projects. Coastal has built more than 50 hotels and resorts in Florida, including the recently completed St. Regis Resort & Residences, Bal Harbour, and SLS Hotel, Miami Beach. Coastal is currently building 27 projects in South Florida, including The Edition and Saxony Hotels, Miami Beach, and Oceana luxury residential community in Key Biscayne. More information on Coastal can be found at www.coastalconstruction.com.