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Canvas condo developer commits to project with big payment to Miami – South Florida Business Journal

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.

 

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Canvas condo developer commits to project with big payment to Miami – South Florida Business Journal

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.

More at Source: www.bizjournals.com

 

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