Key Points
- Robert Finvarb Companies is launching sales for NoBe PARC Miami Beach, a new 15-story, 232-unit condo building in North Beach designed to be short-term rental friendly.
- Units range from studios to three-bedroom plus den condos, priced between $570,000 and $2 million. Completion is expected by the end of 2028.
- The project is part of a larger trend of developers zeroing in on North Beach with flexible-ownership condos, joining Lefferts’ 72 Carlyle and Northlink Capital’s 7200 Collins Avenue.
Robert Finvarb Companies is the latest developer to zero in on North Beach and join the flexible-ownership condo craze, The Real Deal has learned. The Aventura-based firm, led by CEO Robert Finvarb, is launching sales of a 15-story, 232-unit short-term rental-friendly condo building planned for 7140 Abbott Avenue. The units will be furnished by Crate & Barrel and designed by V Starr.
Finvarb, who said he grew up in the neighborhood, tapped Peggy Olin’s OneWorld Properties to lead sales and marketing. Arquitectonica designed the building alongside TAG, the architect of record. The fifth-floor amenity deck will feature a pool, sauna, steam room, treatment room and cold plunge, while a rooftop deck will offer space for yoga, cabanas, lounges and a relaxation area. Commercial space is planned for the ground floor.
A neighborhood in transition
It was previously pitched as a co-living project. In 2019, Finvarb secured a land-swap agreement with the city of Miami Beach, allowing the site to include an alleyway. Nearly a decade ago, Miami Beach residents voted to increase density in the neighborhood, and other developers have targeted North Beach since — including Mendy Chudaitov’s Lefferts and Russell Galbut’s GFO Investments. Last year, Lefferts launched sales of its 20-story, 134-unit 72 Carlyle, and at 7200 Collins Avenue, Northlink Capital plans a 12-story, 222-unit project that also allows short-term rentals.