AVENTURA, Fla.— Privé at Island Estates, the iconic twin tower residential development on the last developable island in South Florida, announced its second legal victory, ruled by Miami-Dade Circuit Judge William Thomas, on September 20th with granted development and access rights through the South Island.
The first victory came on June 5, 2017, when Judge Thomas ruled that the statute of limitations had long expired for the Island Estates Homeowners Association and the Williams Island Property Owners Association to challenge vested rights determination agreement. The victory is celebrated after the associations’ years-long attempt to stop construction of the twin tower development, which is now slated for end of November delivery.
“This ruling is a welcome validation and acknowledgment of our client’s rights for their iconic and nearly completed island project and we are beyond pleased with the unquestionable clarity the Judge has provided”, said Glen Waldman of Waldman Barnett, the development team’s counsel.
The latest ruling affirmed the unimpeded access rights to the North island, Privé, for a high-rise, multi-family development, and an implied right of necessity for unimpeded access, where the development rights cannot be challenged. Judge Thomas also clarified various South Island matters regarding common area turn over, where he specified the marina is for both islands and invalidated an Access Agreement from 2012, a document that became moot as a result of the implied easement of necessity further affirmed by the judge in the ruling.
“We are grateful the two core issues pertaining to vested development rights and access have finally been adjudicated by the honorable court, further acknowledging our long-standing rights and the position we have maintained throughout the project,” said Privé Developers, LLC principals in a joint statement.
“We are excited to be putting the finishing touches on Privé and look forward to completing the project for our extraordinary international buyer pool, mending fences with our neighbors, and commencing unit closings later this year.”
Judge Thomas also invalidated another agreement that had granted residents of South Island at Island Estates residence access to over 70,000 square feet of Privé’s amenities, for which they will no longer have access.
Privé broke records for being the first development in Aventura in over 10 years to sell units over $5 million.
About Privé at Island Estates
Privé® is located on an eight-acre private island set between Williams Island and Sunny Isles Beach. The twin iconic 16-story towers designed by renowned architects Sieger Suarez, will be comprised of a total of 160 ultra-luxury residences ranging in size from 2,585 square feet to more than 9,500 square feet for select penthouse units– the pinnacle of Miami luxury real estate.
Every Privé residence will feature private elevator entry, flow-through floor plans with 10-foot glass on both eastern and western exposures, full 10-foot-deep balconies, expansive east/west water views throughout, European kitchens and bathrooms, as well as outdoor summer kitchens. First-class, resort-style amenities and services include a 10,000-square-foot gym and spa in each tower, private dining and social rooms, poolside café, wine and cigar rooms, kids’ rooms, tennis court, two pools and Jacuzzis, marina, private pier, jogging path, 24-hour gated entry and roving security, and full-time concierge.
About BH3 & Gary Cohen
Led by principals Gregory Freedman, Charles Phelan, and Daniel Lebensohn – BH3 is an opportunistic real estate firm with a core focus on acquiring real estate in South Florida and New York City. In addition to Trump Hollywood, the firm’s impressive portfolio includes 1805 Ponce; Terra Beachside 6000 Collins; and Fontainebleau Sorrento.
Gary Cohen is the developer of Island Estates, the south island of the property, which consists of 21 exclusive mansions and a marina. As one of the founding families of Aventura, the Cohen family has been in South Florida land development since the 1960’s, resulting in approximately 1,000 acres of land development and planning of high-rise condominiums, multifamily, single family homes, shopping centers, and commercial offices.