Second Tower at Marina Palms Yacht Club & Residences Now 80% Sold

Brisk pace of sales reveals key niche served by Miami-Dade luxury high-rise waterfront community

North Miami Beach, FL – Marina Palms Yacht Club & Residences, the 468-residence, twin-tower luxury waterfront condominium and marina development in North Miami Beach has sold 80% of the residences in its second tower. Already well under construction, South Tower completion is expected to occur in late 2016.

The news comes just a week after the developers began closing on residences in the already sold-out North Tower.

“From the groundbreaking to sales milestones to delivery of our first tower, the brisk pace of our achievements at Marina Palms is a testament to how well the market has embraced this remarkable development concept. We’ve met all our major milestones and exceeded the expectations of a very discerning and sophisticated domestic and international buyer community. We couldn’t be happier with the results.”

Neil Fairman
President of The Plaza Group

Marina Palms Yacht Club & Residences is the area’s first new residential marina project in more than 20 years. The two, 25-story towers each consist of 234 spacious residences, which offer unobstructed panoramic views east to the Intracoastal and beyond to the Atlantic Ocean.


 
Located at 172nd Street and Biscayne Boulevard, 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.

Even as South Florida continues to witness growth in the upscale condominium market, Marina Palms’ luxury-focused product provides buyers a unique marina lifestyle setting situated at the intersection of an urban marketplace and a tranquil aquatic environment.

“To the east is historic Maule Lake and the Atlantic Ocean, to the south is the picturesque Oleta River State Park, and just outside your front door is a beautiful waterfront promenade. This is truly waterfront living at its finest at a price point unmatched anywhere in the market.”

George Helmstetter
Principal of The DevStar Group

Marina Palms takes waterfront living to a new level. The full-service marina is substantially completed. New construction at the prime North Miami Beach location, the opening of the marina for vessels up to 100 feet in length and creation of a new private boating club will all serve the South Florida boating lifestyle.

The marina offers deepwater access to the ocean via Haulover Inlet just 20 minutes away. A full-time dock master and yacht club concierge are available to tend to residents’ every need – from arranging vessel repairs and service to chartering services.

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 condominium and full-service marina/yacht club development in Miami-Dade County in more than 20 years. Developed by affiliates of The DevStar Group and The Plaza Group, the two residential towers each will have 25 floors with a combined 468 condo residences. The marina and yacht club will offer concierge service and 112 slips with mooring for yachts in excess of 90 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 proud to be in partnership 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 ‘STAR’.