North Bay Village Embraces Development with Continuum Waterfront District
The North Bay Village Commission has officially approved the Continuum Company’s ambitious proposal for the Continuum Waterfront District, a transformative mixed-use project slated for development on the former site of Shuckers Waterfront Bar & Grill. This substantial initiative will unfold in two phases at 1755 79th Street Causeway and 1819/1855 79th Street Causeway.
Overview of the Project
During a recent commission meeting, the proposal received unanimous support, establishing a special area plan, site plan, and development agreement. Key details of the project include:
- Total Development Area: Over 2 million square feet on a 3.6-acre site.
- Residential Units: Up to 547 condominiums, including a second tower associated with the Continuum brand.
- Hotel Facilities: A provision for up to 200 hotel rooms featuring a rooftop pool.
- Building Heights: Structures anticipated to reach heights of up to 60 stories on the Continuum East segment.
- Commercial Space: Office, retail outlets, and publicly accessible areas.
- Open Space: An inviting waterfront promenade for residents and visitors alike.
Phase One: Continuum Club & Residences
The first phase, known as Continuum Club & Residences, is currently under construction and has already achieved nearly 50% presold status. This 32-story building will house 198 luxury units, marking the second Continuum-branded residential development in South Florida.
Amenities of Continuum Club & Residences
- Extensive Amenities: Over 60,000 square feet dedicated to lifestyle features.
- Wellness Facilities: A state-of-the-art wellness center and a luxurious swimming pool.
- Exclusive Memberships: Access options for private yacht club and beach club memberships.
Project Presentation
At the North Bay Village commission meeting, Allie Eichner, president of Continuum Florida, detailed the scope and vision for the project. She indicated that the company aims to secure the necessary master building permit by the end of 2025. Notably, Christopher Penelas, an attorney with Akerman and son of former Miami-Dade County Mayor Alex Penelas, is representing the developer.
Background on Site Acquisition
The approvals come a year after the Continuum Company secured the site for $75 million from the Montreal-based Jesta Group, which previously intended to redevelop the area into a mixed-use hotel and apartment complex.
A Lucrative Future for North Bay Village
In recent years, North Bay Village has seen a surge in luxury developments due to zoning code revisions made five years ago. These changes created opportunities for larger projects, attracting significant investments. Notable future developments in this three-island town include:
- Ansin Family Project: A mixed-use venture spanning multiple properties north and south of the 79th Street Causeway.
- Collaborative Waterfront Development: A luxury residential project spearheaded by The Pérez family’s Related Group and Harry Macklowe on a site featuring the former Biscayne Sea Club co-op.
Conclusion
As North Bay Village continues its expansion with the Continuum Waterfront District, this project is poised to significantly enhance the local community, offering a blend of residential, commercial, and leisure spaces. The ongoing transformation reflects the broader trend of development in the region, driven by increasing demand for luxury living options and a revitalized urban landscape.
For more insights into the North Bay Village development landscape, explore additional resources on luxury real estate trends and urban revitalization.