NORTH MIAMI, Fla. – One hundred and sixty condominiums at One Fifty One at Biscayne are now on sale.
iStar Residential launched sales after buying the units in foreclosure. It retained the DevStar Group to manage the repositioning and sales of its remaining inventory.
"We think iStar's offering will appeal to a broad spectrum of buyers," said George Helmstetter, a principal of The DevStar Group. "The price point is attractive for first-time, entry-level and value-focused homebuyers. Once the planned amenities are completed and LeFrak's master-planned community comes to fruition, the immediate neighborhood and the lifestyle of its residents will be completely transformed."
The two towers off Biscayne Boulevard and Northeast 151st Street offer views of Sunny Isles and the Atlantic Ocean. A majority of the units are currently home to renters.
All residences feature open designs, with great rooms, kitchens and living areas that spill out to the balcony. One Fifty One at Biscayne is planned to receive upgrades to its exterior facade, landscaping and common areas, and a new community complex that will house a pool, locker rooms, a clubhouse, gym and a tennis court.
"North Miami was largely omitted from the last development cycle. This time is different," said Anthony Burns, a principal of The DevStar Group. "One Fifty One at Biscayne will afford buyers with a unique opportunity to purchase on the ground floor of what will be a significant long-term development project that promises to reinvigorate the city."