Last Oceanfront Parcel of Sunny Isles Beach Purchased for $9.6M

Aerial Oceanfront Image

Sky Development who is known for Da Vinci on the Ocean and City Park in Aventura, has just announced the purchase of what may be the last remaining parcel of Atlantic oceanfront land in Sunny Isles Beach. The plans are to build a 300 room full service hotel that had recently been slated for a 69 unit condo tower. Gavin Susman, cheif executive officer of the Aventura based devloper, said the company paid $9.6 M on July 14th, for an .88 of an acre (38,332 Sq Ft.) parcel right on Sunny Isles Beach. Gavin Susman said Sky Development Inc. bought it because of it being such a great deal. The hotel is going to be built in partnership with R.K. Properties which dominates the commercial sector in Miami Beaches. ~ Sky Development

Heard it through the grapevine (Update on JULY 22nd). The oceanfront parcel purchased IS the Da Vinci on the Ocean project. The developer MAY be turning this parcel into a Nikki Beach Club style public beach club… my sources are not 100% but knows inside information as to R.K. Properties and new developments. If this rumor is true, Sunny Isles Beach would get outstanding new attention with this new public beach club. It would be amazing for this area slightly lacking in the “fun factor”. If anyone knows the facts or has additional insights, please advise the readers!