A California-based developer will release plans for a new 70-unit South Beach condominium project in January, according to a report from Condo Vultures. The developer is Palau Sunset Harbour, which has members from Shamrock Holdings, the firm of the late former Disney executive Roy Disney, the nephew of Walt Disney. The 109,300-square-foot Palau at Sunset Harbour will be located at the site of the former Mark’s Quality Cleaners.
The proposed five-story condominium with 70 units would be built in the South Beach neighborhood of Miami Beach and would be developed on three lots with a combined 54,700-square-foot-property at 1201 20th St. The land was acquired in two deals for a combined $8.2 million last month, $150 a square foot, according to public records. The project comprises 43 units with 500 to 999 square feet, 12 units with 1,000 to 1,200 square feet, and 15 units with more than 1,200 square feet.
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