{"id":1434,"date":"2025-11-04T15:30:24","date_gmt":"2025-11-04T20:30:24","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/eichners-continuum-completes-north-miami-condo-buyout\/"},"modified":"2026-04-13T10:43:37","modified_gmt":"2026-04-13T14:43:37","slug":"eichners-continuum-completes-north-miami-condo-buyout","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/eichners-continuum-completes-north-miami-condo-buyout\/","title":{"rendered":"Eichners Continuum Completes North: 7 Proven Eichner\u2019s Continuum Completes North Miami Condo Buyout: Mistakes to Avoid"},"content":{"rendered":"<\/p>\n

Eichners Continuum Completes North<\/strong> helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.<\/p>\n

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The Eichner family\u2019s Continuum Company completed its bulk purchase of a waterfront condo building in North Miami<\/a> where the firm plans a luxury condo tower.\u00a0<\/p>\n

The New York and North Bay Village-based development firm, led by Ian Bruce Eichner, paid $48.5 million for the four-story, 46-unit condo building at 12000 North Bayshore Drive, a spokesperson said. The developer previously secured approval to build a 22-story, 267-unit condo building.\u00a0<\/p>\n

Continuum plans to reveal project details and launch sales early next year, according to a press release.\u00a0<\/p>\n

Eichner, chairman and CEO of Continuum, said in a statement that the firm \u201cworked closely with the owners at Mariners Bay to consolidate the property through the condominium termination process.\u201d A termination of the association is a required legal step so a developer can eventually knock down the former condo building.<\/p>\n

In October, CW Investment Advisers sued Continuum over the financing backing the buyout of Mariners Bay. CW alleges it\u2019s owed more than half a million dollars in fees tied to the sale, which was expected to close earlier this year.\u00a0<\/p>\n

The developer began negotiating with unit owners about three years ago and secured a rezoning of the property to allow for a 217-foot residential tower earlier this year. The association was facing \u201cmounting long-term deferred maintenance obligations and substantial special assessments,\u201d according to the release, which totaled $6.5 million in repairs, the South Florida Business Journal previously reported.\u00a0<\/p>\n

About 1.5 acres of the property are submerged land in Biscayne Bay. The new project will have about 150,000 square feet of amenities, including a marina, water sports, golf and a health, wellness and social club. Kobi Karp Architecture and Interior Design is the project architect, Paul Duesing Partners will handle the interior design, and Martha Schwartz Partners is designing the landscaping.<\/p>\n

Continuum has a $3 billion, 1,000-unit condo portfolio in South Florida that includes planned projects in North Bay Village and Bay Harbor Islands.\u00a0<\/p>\n

In August, Continuum secured a $67 million construction loan for the second phase of its Bay Harbor Islands condo project. The developer received the financing for La Baia North from S3 Capital Partners, a New York-based alternative lender that provides middle-market construction loans and bridge loans.<\/p>\n

This summer, the development firm secured unanimous approval from the North Bay Village Commission for a special area plan, site plan and development agreement for the Continuum Waterfront District. The district is planned to have two Continuum condo towers, a 200-key Continuum hotel and a marina. One tower can now be up to 440 feet tall. The site includes the former Shuckers Waterfront Bar & Grill, now called the Palm Tree Club.<\/p>\n

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