Brazilian Billionaire Plans New Condo Tower in Miami Beach

By: Ismael Rodriguez

Prominent Brazilian billionaire Jose Isaac Peres’ Miami-based firm issued an application for the redevelopment of an oceanfront property in Miami Beach, citing plans to demolish the current 12-story Marlborough House Condominium for a modern, 18-story condo tower.

Miami Beach Associates LLC, owned by Peres, who also owns Multiplan, one of the largest shopping mall owners in Brazil, will have to wait until June 6 for the city’s Design Review Board to consider the application.

The initiative comes after Miami Beach Associates acquired all 110 units in the condo in June and July of last year from the individual owners at 5775 Collins Ave.

The new 269,596-square-foot tower, designed by Arquitectonica, would have 86 condos and a two-level underground parking garage with 185 spaces. It would also include a lounge and party room, a pool deck facing the beach and two large penthouses with their own private pool terrace.

The units would range between 1,183 square feet with two bedrooms and 2.5 bathrooms to 3,467 square feet with four bedrooms and 5.5 bathrooms.