February 27, 2014
Miami-based builder Newgard Development Group is seeking a zoning variance to build a 60-unit luxury condominium and marina on Terminal Island.
Newgard’s Harvey Hernandez pitched the development, designed by Foster + Partners, to Miami Beach City Manager Jimmy Morales last week. He promised to build new facilities for the community in return, paid for by the city.
Newgard is completing its 46-story BrickellHouse condo at 1200 Brickell Bay Drive in Brickell this year, which broke ground in September 2012 and recently secured a $27 million mortgage for the project.
Source: The Real Deal