Argentina’s Consultatio Buys Bal Harbour Club and News on Kokoriko Restaurant

Miami Beach, Florida – The news wire for Miami Beach Condos and Real Estate market is all over the place today. The Miami Condos news starts with the sale of the Bal Harbour Club. This Bal Harbour was one of the last major pieces of oceanfront property. This Bal Harbour club is expected to be demolished to make room for a luxury condominium development. You may ask yourself does Miami beach need another Condo development?. Well apparently an Argentine Real Estate developer believes Miami is ready for more luxury condos.

Bal Harbour Club will turn into a Luxury High-Rise Condominium

An Argentine developer paid $220 million for the Bal Harbour Club and plans to build a luxury high-rise condominium development. This Florida Real Estate is a prime, under-utilized oceanfront property site. The Argentine Development Company is known as Consultatio. This is the development and financial firm owned by Argentine businessman Eduardo Constantini. This being one of the remaining Miami ocean front properties sits on 5.53-acre. The Florida property is at 10201 Collins Avenue, a main street to access Miami Beach, South beach and Bal Harbour.

Foreign Investors Showed Heavy Interest in Bal Harbour Beach Club

This Florida real estate transaction is the firm’s second major acquisition in Miami. The news wires also show that Consultatio has started construction of another luxury condominium project on the site of the former Sonesta Key Biscayne. The real estate development company, Consultatio, bought two of the best oceanfront properties in Miami. These foreign investors are paying excellent prices for this high quality Miami Real Estate.

The Bal Harbour Club Oceanfront Property

This is believed to be the largest land sale of the year so far. This real estate transaction is comparable to the $236 million that the Genting Group paid in May 2011 for a South Florida Real Estate Investment. That Genting Group purchase was the 13.9-acre bayfront site that is the home of The Miami Herald newspaper.

The seller of the Bal Harbour Club was Joseph Imbesi. The Real Estate Investori had been trying to sell the property for several years. Consultatio’s preliminary plans for the Bal Harbour site call for knocking down the club and building about 250 luxury condominiums. These Florida Condos will be priced at over $2 million each. The property could be built out with a small amount of commercial development, including another upscale restaurant for the Bal Harbour area.

Kokoriko Natural Rotisserie Celebrates Opening at Brickell

Speaking of food and restaurants, the news wire shows the Colombia-based restaurant chain Kokoriko Natural Rotisserie is onto Brickell. The restaurant opened up at the Axis condominium project. The Axis Condo development is at 1111 SW 1 Avenue. The Kokoriko Natural Rotisserie took over 3,000 square-feet to cook some delicious foods. Kokoriko CEO Eduardo Robayo mentioned that they couldn’t pass up the opportunity to team up with Chef Ricardo Sandoval. They feel it is a very exciting time in their company’s history.

Colombian Chain Kokoriko, a Fast-casual Restaurant for Brickell

Many people have been enthusiastic to see Kokoriko come to the Brickell area of Miami. The Colombian chain Kokoriko was ripe for expansion to the exotic city of Miami. The Miami Restaurant will feature free-range all-natural chicken. The meats are slow-roasted for 70 minutes, which got the attention of Richard Sandoval during a culinary trip to Colombia. This respected chef owns restaurants in New York, Las Vegas, Mexico, Colorado, Dubai, and Qatar was so captivated by his meal, he decided to partner with the company’s CEO Eduardo Robayo and become its executive chef.