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Mar. 8, 2013

Upscale $400M Marina Palms Condo Project Opens Extravagant Sales Center

By Georgiana Mihaila, Associate Editor

Marina Bay Yacht Club & Residences Miami

Developers Plaza Group and DevStar Group recently opened a state-of-the-art sales center for their $400 million Marina Palms Yacht Club & Residences project—the first upscale condominium and marina destination to open in Miami-Dade County in 20 years.

The 10,000-square-foot sales center was specially designed to reflect the luxury, spaciousness and attention to detail of the upcoming Marina Palms Yacht Club & Residences. A wall of glass up to 15 feet in height offers a panoramic view eastward over what will be the $400 million development’s centerpiece—the full-service, 112-slip marina.

There is also a full-scale, 2,156-square-foot model unit that represents a two-bedroom, two-and-one-half bathroom residence tastefully designed by Interiors by Steven G. It also features available fixtures, finishes and appliances like Snaidero cabinetry, Wolf and Subzero appliances, and stone counter tops.

Located on a 14-acre waterfront property at the lighted intersection at 172nd Street and Biscayne Boulevard, Marina Palms Yacht Club & Residences consists of two 25-story residential towers with a combined total of 468 units. The development will also feature a 112-slip, full-service marina and yacht club and will benefit from full-time, on-site dock master and yacht club concierge, fuel service, dock-side Wi-Fi, sundry store and space to accommodate boats up to 90 feet in length.

When Plaza Group/DevStar Group first announced the project last month, the joint venture voiced its belief that market conditions and residential realities are strengthening the development’s prospects. Unit prices will start in the low-$300 range per square foot, with the spacious two-, three- and four-bedroom condos trying to lure traditional Northeastern and Canadian residents, affluent Latin American families looking for a seasonal home, and locals who want to keep their boat or yacht behind their residence—with unobstructed water views in all directions.

Image via Marina Palms Yacht Club & Residences’ Facebook Page