Colombian developer Juan Carlos Gonzalez plans to build a seven-story luxury condo project in Bay Harbor Islands near Bal Harbour and Miami Beach.
The building, called Bijou Bay Harbor, will have 41 units ranging from 900 square feet to 2,000 square feet with prices starting at about $530 per square foot.
Gonzalez’s company Acierto Inmobiliario is a major Colombian developer that builds commercial and residential projects. This will be his first condo in South Florida. Architects Luis Revuelta and Charles Benson and designer Adriana Hoyos have been tapped to work on the project. Groundbreaking is expected in early 2016.
The Colombian company’s American affiliate bought the property at 9521 E. Bay Harbor Drive for $8.5 million in March, according to county property records.
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Colombians are frequent buyers of Miami real estate. In July, Colombians topped the list of foreign buyers searching for properties on the website of the Miami Association of Realtors. That’s the first time in 13 months that Brazil, which is suffering from a serious recession, hasn’t finished first.