Ian Bruce Eichner & Alexandra Eichner Acquire Mariners Bay Condominium In North Miami For $48.5M

The Mariners Bay Condominium located at 12000 North Bayshore Drive in North Miami is a 46-unit condo asset spanning 4.3 acres. The property was transacted with a sale price of $48,500,000, resulting in a per unit price of $1,054,348. The asset is set for redevelopment, featuring plans for a 22-story luxury tower with 267 units and designed by Kobi Karp Architects.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $48,500,000
• Units: 46
• PPU: $1,054,348
• Market: North Miami
• Buyer: Ian Bruce Eichner & Alexandra Eichner - Continuum Company
• Redevelopment Plans: 22-story, 267-unit luxury tower
• Parking Spaces: 422
• Marina: Included
• Sales Launch: Next year

Ian Bruce Eichner and Alexandra Eichner, representing Continuum Company, are behind the buyout of the Mariners Bay Condominium. The project is noted for its architectural design and plans aimed at enhancing the property's value and community offerings.