February 14, 2014
Gil Dezer’s development firm plans to build at least 600 residential units at the Intracoastal Mall it acquired two months ago.
Dezer revealed his company’s intentions to add a residential component to the North Miami Beach mall on Wednesday. The company paid nearly $64 million for the 3501 Sunny Isles Boulevard retail center. The mall’s 27-acre site has zoning to allow 600 units.
Any residential development would utilize an existing marina at the mall site, according to Dezer. Other details were not divulged by the developer, who did acknowledge the project would be a change of pace from the luxury condos his company develops in Sunny Isles Beach. Dezer’s Porsche Design Tower is currently under construction in Sunny Isles.
Source: The Real Deal