NORTH BAY VILLAGE | Continuum Club & Residences East | FT | 60 FLOORS

[Altoic]

Jesta Group Seeks Approval From Development Review Committee For 30-Story Mixed-Use Tower In North Bay Village
https://floridayimby.com/2022/10/jesta-g...ixed-use-tower-in-north-bay-village.html

Canadian real estate developer Jesta Group, under the North Bay Village Holdings, LLC (NBV Holdings), has requested a review from the Shoreline Development Review Committee (SDRC) of North Bay Village for a proposed 30-story mixed-use tower at 1819 and 1855 79th Street Causeway. Home to a Best Western Hotel and the iconic Shuckers Waterfront Bar & Grill, both owned by NBV Holdings, the 2.31-acre bay-front site is planned to yield a 340-foot-tall structure with 345 apartments, 256 hotel rooms, meeting and retail space. There would also be a new and improved Shuckers restaurant, a wide and welcoming public paseo and view corridor, and an Island Walk promenade along the water. Kobi Karp Architecture & Interior Design Inc. is listed as the architect alongside Architectural Alliance Landscape for landscape architecture and Ross Engineering Inc. for civil engineering.

The building would have a roof height of 340 feet but would extend further to 360 feet after factoring in the elevator bulkhead and mechanical component. The podium levels above the ground and mezzanine floors would be the hotel portion of the building program, spanning levels 2 through 5 with ceiling heights ranging between 14 and 16 feet. Residences would span between levels 7 and 29, with ceiling heights of 10 feet. The parking garage would have 557 spaces and would be completely hidden from the public as they would be beneath the hotel rooms designed to wrap around the entire perimeter of the podium.

[Altoic]

New Plans:

The village’s Planning and Zoning Board will consider the application for the 2.31-acre site at 1819 to 1855 79th St. on Dec. 7. The current hotel and restaurant would be replaced, but Montreal-based Jesta Group, which owns the site through North Bay Village Holdings LLC, would like to keep Shucker’s on the property in the new building, said Anthony O’Brien, senior managing director at the company.

Under the new plans, the project would rise 30 stories with 345 apartments, 245 hotel rooms, 7,500 square feet of meeting space, 19,679 square feet of restaurants and 577 parking spaces, including some electric vehicle chargers. That would include 18 workforce housing units.

https://www.bizjournals.com/southflorida...-new-plan-for-shucker-s-site-in-nor.html

[Urbannizer]

Developers Close On $350 Million Loan For Continuum Waterfront District in North Bay Village

Continuum Company and joint venture partner Aksoy Holding have secured a $350 million financing package for the Continuum Waterfront District, a 4-acre master-planned development along Biscayne Bay in North Bay Village. The loan, provided by S3 Capital, includes $261 million in construction financing for Phase One at 1755 John F. Kennedy Causeway and $83 million in predevelopment financing for Phase Two at 1819 John F. Kennedy Causeway.

The Continuum Waterfront District is planned as a multi-phase development featuring two residential towers, a hotel component, a 20-slip marina, waterfront dining, and additional mixed-use elements. Phase Two, targeted for completion in 2030, will introduce Continuum Club & Residences East, which is expected to include approximately 300 additional condominium units. The phase will also include a hotel program comprising 96 rooms and 114 furnished hotel residences, along with expanded waterfront amenities.

The financing follows a previously secured $25 million predevelopment loan for the project. Construction on Phase One began roughly one year ago and is expected to complete in 2028, with the second phase anticipated to follow in 2030.