Trump Group signs a $600M contract with Coastal to build Estates at Acqualina
October 26, 2018The Estates at Acqualina developer, the Trump Group led by Jules and Eddie Trump, closed a $600 million contract with Coastal Construction to build the towers and the amenity villa of The Estates at Acqualina, project located in Sunny Isles Beach.
With the contract signed, the expectation is to start construction right away, said Jules Trump. “We’re very excited to move forward building the world’s finest residences,” he said.
Last week, Trump also requested approval to the Federal Aviation Administration to build the project at 700 feet above sea level or 692 feet above the ground. If approved, it will be marked as the largest condominium construction project ever in South Florida. Sunny Isles Beach has no imposed height limit; however, the city is in the path of the Opa Locka Executive Airport runway.
The Estates at Acqualina has 50,000 square-feet with plenty amenities, including a spa and fitness center with ice skating rink, movie theater, Formula One simulators, golfing, bowling lanes, boxing ring, cigar lounge, children’s playroom, and a New York trader’s room. The fashionista icon Karl Lagerfeld will design common areas.
Condo units are priced between $4.2 million to $14 million, with luxury penthouses estimated up to $35 million. Each residence will have between, 2,917 square feet to 9,000 square feet, and from three to seven bedrooms. There are also three single-family homes included in the project. Completion is expected by late 2020.
