DAR awarded subcontract for CANVAS Condominums
DAR Finish Specialties, Inc. has been awarded subcontract from NET Construction, Inc. to install grout filled hollow metal frames for a 513 unit condominium located in Miami's Omno/Arts and Entertainment District.
"Nir Shoshani said his company is fully committed to building Canvas, the largest condominium project in Miami's Omni/Arts and Entertainment district, and he's written a large check to prove it.
NR Investments, led by Shoshani and Ron Gottesmann out of Miami, recently cut a $4.85 million impact fee payment to the county, city, water department and utilities as a condition for its 1 million-square-foot project. The county demands all the impact fees up front, so Shoshani said this payment shows the developer is ready to move forward with the building at 1630 N.E. 1st Ave.
"That is what we see as the commitment phase of the project," Shoshani said.
He started pre-sales in October and hopes to break ground in July. Construction will take about two years.
Canvas will have 513 units, ranging from 600 square feet to 1,150 square feet. The prices average $475 per square foot.
Canvas will have 10,000 square feet of retail space on the ground floor plus a 5,000-square-foot restaurant on the rooftop 37 stories up.
Meanwhile, NR Investments intends to ask the city to rezone the entire area, from Northeast 14th Street to Northeast 17th Street, for higher density and to change many of the one-way streets to two-way streets, Shoshani said.
"We think this is crucial for an urban village concept with more density, to build a walkable and bikable neighborhood," Shoshani said."
By Brian Bandell
South Florida Business Journal