Condo Project Announced in Bay Harbor Islands

by South Florida Business Journal

O Residences in Bay Harbor Islands will feature 41 condos with prices ranging from $600,000 to $1 million.

S2 Development revealed plans to build a 41-unit condo project along the water in Bay Harbor Islands.

Units in O Residences will range from 1,060 to 1,466 square feet with prices starting at $600,000 up to $1 million.

Located at 9821 E. Bay Harbor Drive, the property was acquired for $4.2 million in November. The apartment building there will be replaced by the new project.

It will feature a zero-edge pool, a deck along the bay, numerous hot tubs, cabanas and a hanging garden.

O Residences is planned for ground breaking by the end of 2014 and should be completed in 2016. Buyers will be asked to put down 30 percent upon signing contracts, another 20 percent at groundbreaking and another 20 percent when the project is topped off.

Ian Ludmir’s The Real Estate Club is the exclusive sales and marketing team for the project.

Headed by Claudio Stivelman and Marc Schmulian, Aventura-based S2 Development has delivered over 600 condos in South Florida, including Muse in Sunny Isles Beach.