The Turkish real estate developer Shelton has received city approval for its first condominium project in Florida, an 11-story waterfront building planned for North Miami. The development will be located at 1998 Northeast 135th Street on a 0.3-acre site currently owned by Monique Benson, who purchased the property in 2002 for $480,000.
Abdullah Kırkıncıoğlu, chairman of Shelton, is leading the initiative. The project, named Shelton Miami, was designed by architect Kobi Karp. It will feature 18 units, with each floor from three through eleven offering two five-bedroom residences measuring about 3,000 square feet each.
According to Shelton’s website, amenities for residents will include a spa, fitness center, pool, hobby room and meeting room. Additionally, shuttle services to the beach, boating facilities and the airport are being offered as part of the package.
Pricing details for the units have not been disclosed. The developer has also not provided information regarding when sales will begin or when construction is expected to start.
This marks Shelton’s entry into the U.S. market; previously, its projects have been located in Ankara and Bodrum in Turkey and have focused on single-family residential communities.
North Miami has historically seen less condo development compared to other areas within the broader Miami metropolitan region. However, interest appears to be increasing. In November last year, Continuum Company—run by the Eichner family—completed a buyout of a waterfront condo building in North Miami for $48.5 million after having already secured approval for a new 22-story project with 267 units on that site; details about their plans have not yet been released.
Elsewhere nearby in Bay Harbor Islands—a location separated from North Miami by water—a number of condominium developments are progressing. One Sotheby’s International Realty took over sales and marketing responsibilities for Horizon Group’s planned 23-unit project called 9900 West in December. Brooklyn-based developer Redhoek+ is also developing two condominiums in Bay Harbor Islands: Pool Haus and Solina Bay Harbor.
