0 Russian Developers Invest In Bay Harbor Island

Russian based company Verzasca Group recently entered into the US real estate market this past Sunny Isles Beach CondosDecember when they purchased a 15-unit Bay Harbor Island condo tower called Pearl House. Now they are on to their second project in South Florida, as they have just recently been approved for a nearby project called Le Jardin, which will be a 30-unit boutique condo building also located in Bay Harbor Island. Tim Lobanov, Gennady Barksy, and former New York Ranger hockey player Darius Kasparaitis formed Verzasca late last year after gaining real estate experience through building residential communities and public infrastructure projects in their native Russia. Lobanov, who is the company’s managing director, said that the men immediately saw South Florida as an ideal location for their US real estate venture; “Even before our group was created, we had our eyes on Bay Harbor Island. We felt it was greatly overlooked, undervalued and had great potential”. The planned condos will average $400 per square foot, and units will range in price with some going for around $500,000 while others priced closer to $1 million.

Verzasca is far from the only foreign company to see the profit in investing in South Florida. Recently many international companies have set their sights on the sunshine state, as this interest has only sparked more developers to turn their attention toward the area. With the real estate market in high demand now is the time to capitalize on available property, whether commercial or residential. If you are interested in learning more about South Florida listings then feel free to contact a RE/MAX agent today!

0 New Bay Harbor Islands’ Luxury Condos Under Construction

Construction has begun on the new, 38-unit luxury condominium residences Sereno, located at the Seven Best beaches in Miami.beautiful Bay Harbor Islands. These residences have been long anticipated and already sold-out all of their units, which go for anywhere from 912,000 to $1.5 million depending on the amount of space sold, which could be either one, two or three bedrooms depending on the clients needs. The buzz over the Sereno stems partially from its glamorous, European-style interior design, which was created by the incredibly talented team at Interiors by Steven G., a company synonymous with luxury here in South Florida. Another facet of the Sereno that has attracted buyers is the lavish amenities promised to residents, who can expect to enjoy a state of the art fitness center, access to the exclusive Bay Club (which comes with personal marina space for members), a rooftop deck that has an outdoor movie theatre, fire pit and landscaped gardens, and their own private elevator access to their individual rooms. These are just a few of the perks that come with a space at the Sereno, which is sure to raise the bar for Bay Harbor Islands’ luxury real estate.

These condos have created quite the buzz among Bay Harbor Islands’ residents, however nearly half of the unit owners are Brazilian. This is not a huge surprise given foreign investors growing interest in South Florida, however it clearly illustrates the regions escalating international status as a destination location. Miami has recently captured worldwide fame as one of the most exciting and luxurious cities in the country, and as a result real estate throughout South Florida has been in high demand. Here residents can enjoy a relaxing escape with sun and sand all year long, while also having unique culture and glamorous nightlife right at their fingertips. Now is the time to invest in either commercial or residential real estate here in the sunshine state, so don’t hesitate, contact a RE/MAX agent today!