Jonathan Landau plans a waterfront boutique condominium project in Bay Harbor Islands and tapped Official to lead sales.
The developer, through an affiliate of his New York-based Landau Properties, wants to build an eight-story, nine-unt building, called Indian Creek Residences & Yacht Club, at 9110 West Bay Harbor Drive, according to a filing submitted to Miami-Dade County last month.
Indian Creek Residences marks the first project for Landau’s firm, which he formed after stepping down as CEO of New York-based Fortis Property Group late last year. Landau Properties also is led by Landau’s daughter, Yaeli Lowinger, and his son-in-law, DC Lowinger.
Isaac Lustgarten of Official is leading pre-construction condo sales. The brokerage’s co-founders include former top Douglas Elliman agents and brothers Oren and Tal Alexander.
So far, Official conducted a sales “soft launch,” targeting a select group of buyers and brokers, and put three units under reservation — a step prior to going under contract, Official’s Oren Alexander told The Real Deal. Sales are expected to officially launch in the fall.
Asking prices start at nearly $2,000 per square foot.
With units ranging from 3,218 square feet to 5,167 square feet, according to the developer’s filing, prices could range from nearly $6.4 million to $10.3 million.
Designed by Kobi Karp, Indian Creek Residences will have full-floor units on each of the seventh and eighth floors, and a pair of two-story units on the sixth and fifth floors, the submittal to the county shows. The third and fourth floors will have two condos each, and the second story will consist of one unit, as well as common areas such as a spa and gym. An 18-space garage and a waterfront pool area are planned for the first floor.
The marina will consist of five slips available for purchase by condo buyers, Alexander said.
The Bay Harbor Islands Design Review Board gave final approval to the project on May 2.
You can read the article on The Real Deal here