Marlborough House has been bought out by the Brazilian billionaire Jose Isaac Peres
5775 Collins Ave , Miami Beach, Millionnaires Row
On June 6th, the Design Review Board will consider demo of the structure and creation of the two story garage and 86 unit oceanfront structure. “The building will have 156,305 square feet of residential space, or 1,838 square foot per unit. The condos will range from 1,183 square feet with two bedrooms and 2.5 bathrooms, to 3,467 square feet with four bedrooms and 5.5 bathrooms. The unit mix will break down to 52 two-bedroom condos, 20 three-bedroom condos and 14 four-bedroom condos,” says South Florida Business Journal.
The question remains if the board will approve the 185 parking spot underground garage. Either way, the unit owners of the previous condo already got their buy out, so at this point this is a matter of working out the details of the new construction!