This week in Miami real estate: $55 million mansion goes on the market and a controversial replat is denied

Lots of interesting things happened this week in the world of real estate. Notable stories this week include Coconut Grove getting new Class A apartments and a Bay Harbor Islands condo tower launching sales.

Catch up on this week’s top news with our real estate news roundup:

Coconut Grove set for new Class-A luxury apartments – MEC Development Associates, B Developments and New York-based Abington Properties are approved and ready to break ground (in early 2017) on a project that will see 116 luxury units added to Coconut Grove’s rental inventory. The units are expected to hit the market in 2018.

Bay Harbor Islands condo tower launches sales – Kasa Bay Harbor, a Vomed LLC project, launched sales this week, according to a report from The Real Deal. Units in the boutique condo development range from $949,000 to $1.75 million.

Miami’s second priciest home listed – At $55 million, the Faena House penthouse is the priciest listing in Miami-Dade County. Right behind it is Coconut Grove’s newly listed Casa Bahia for $50 million, Curbed Miami reported. The article described the property as “a work of art, with sleek finishes, an exposed exoskeleton wrapped in teak, glass and white stucco.”

No replatting for Battersea Woods – After much debate, and controversy, the Miami City Commission unanimously rejected requests from developers Gus De Ribeaux, Carlos Tosca and Carlos Sosa, to replat the Battersea Woods site in Coconut Grove, The Real Deal confirmed.

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