Don Peebles is back in Miami.
The one high-profile developer has largely been out of sight locally for the last several years, as his attention and business interests took him to Washington, D.C. (where he considered a mayoral run) and New York (where he now lives with his family). But now Peebles, who was behind Miami Beach’s Royal Palm hotel project and the Bath Club condo tower, is eyeing two projects in the Miami area.
The first is a 16-story, and only 13-unit condo complex he would build on beachfront land on the 6700 block of Collins Avenue . Peebles is in the process of closing on the real estate. Prices haven’t been set yet, but they are expected to start at $6 million.
The second project is sure to get more attention for a developer who routinely lands on Forbes’ list of the wealthiest African Americans. Peebles and one of his former top executives, Barron Channer, are pursuing a $250 milion retail, hotel and residential project on two blocks of public land in Overtown, the heart of black culture and history in Miami. Miami’s Southeast Overtown/Park West Community Redevelopment Agency will award the bid later this year. A selection committee selected the Peebles proprosal as its top pick.
Peebles still owns a mansion in Coral Gables, and said he has no plans to sell it.
“I’ve always liked Miami,’’ Peebles said. “We have done very well down there.”