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New Condo Project in North Miami Beach

According to a recent article from The Real Deal, zoning for a new high-rise condo project is being sought after in North Miami Beach.  Keystone Holdings principals, Enrique Puig and Renaldo Mouriz, under the company name Biscayne Cove LLC, applied for the commercially zoned land to be switched to residential use in the city just west of Sunny Isles Beach and south of Aventura.  Currently, the 4.2-acre site is the location of Area Code 55 Brazilian Steakhouse and the shuttered Miami Grill restaurant.

Being called the Riverwalk at North Miami Beach, the project involves two 145-foot residential towers, including 295 units and a ground-floor restaurant. Other residential projects in the direct vicinity include a 4.4-acre site slated for two 25-story towers and the Marina Palms, less than a mile away, which is a 25-story twin condo tower project currently under construction. When the property was initially purchased by Biscayne Coven(for $8.3 million in August 2005), the city agreed to allow residences to be built there. Because the developers failed to start construction within 18 months, the permit lapsed. Once again, the city approved the plan just last year, but the project was again stalled after a local business protested that their business would be negatively affected.  After a careful redesign, the Riverwalk project is now moving forward with the application of the zoning permits and hopeful ground-breaking in North Miami Beac

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