A PREMIER GATEWAY DEVELOPMENT OPPORTUNITY

Uptown Biscayne is a rare opportunity to acquire and reposition a large land assemblage in one of the most important and fast-growing corridors in North Miami-Dade.

Located at 16300 - 16355 Biscayne Boulevard in North Miami Beach, the site includes approximately 4.97 acres in a highly visible gateway location connecting Aventura, Sunny Isles Beach, Golden Beach, Bal Harbour, and North Miami Beach. In a corridor where large sites with strong frontage are becoming harder to find, Uptown Biscayne offers scale, visibility, and a very clear value creation strategy.

Prive Group’s plan is to acquire the full assemblage for approximately $75 million, about 30% below its current market value. Based on current market conditions, the four future parcels are estimated to be worth approximately $25 million each, for a total projected land market value of $100 million. This creates an immediate embedded land gain of approximately $25 million at acquisition.

From there, the property is expected to be divided into four separate parcels and moved forward in three to four phases over an approximately five-year business plan. All four projects are expected to be led by Prive, with the firm serving as GP in some cases and Co-GP in others, while maintaining a unified vision for each project.

Each parcel is expected to be contributed to its future development at a minimum land value of approximately $25 million, and that land contribution may represent up to approximately 15% of the total project cost for each site. Across the full platform, Prive’s goal is to turn the projected $100 million of land market value into equity across the three to four developments on this site. That $100 million, which already carries an embedded gain of approximately $25 million from the discounted acquisition, is projected to grow to approximately $200 million in equity value upon completion of all projects, yielding an estimated $125 million in total profit for investors.

Each project is being planned with a target annual return of at least 20%, over an overall business plan of approximately five years. For equity partners, the proposed structure includes a 9% annual preferred return and an expected annual IRR above 20%, subject to final underwriting, entitlement progress, financing terms, and market execution.

PROJECT DETAILS

Address: 16300–16355 Biscayne Boulevard, North Miami Beach, FL

Opportunity Type: Infill land repositioning and phased development

Site Area: Approximately 4.97 acres

Execution Model: Prive-led (GP and Co-GP across all parcels)

Current Vision: Acquire and divide into four development parcels

Status: Under evaluation for acquisition and redevelopment

4.97

ACRES

Large-Scale Infill Site

$75M

ACQUISITION

~30% Below Market Value

$100M

PROJECTED LAND VALUE

4 Parcels at ~$25M Each

20%+

TARGET IRR

9% Preferred Return

THE STORY BEHIND THE OPPORTUNITY

SOME OPPORTUNITIES STAND OUT BECAUSE OF WHERE THEY ARE. OTHERS STAND OUT BECAUSE OF WHEN THEY APPEAR.

The most valuable ones stand out because of their structure. The site sits on Biscayne Boulevard, one of the most recognizable commercial corridors in Miami-Dade County. It is in a location that already benefits from strong visibility, daily traffic, affluent surrounding communities, and long-term growth. It connects some of the most desirable areas in this part of South Florida, including Aventura, Sunny Isles Beach, Golden Beach, Bal Harbour, and North Miami Beach. But the real strength of Uptown Biscayne is not only the address. It is the business plan behind the land. Prive Group’s strategy begins with buying the full assemblage at a basis that is estimated to be about 30% below today’s market value. That creates immediate value from day one. From there, the land is not viewed as one static site. It is viewed as a platform that can be divided into four separate parcels, each one with its own future potential, while still remaining part of one larger vision. The plan is to move the site forward in phases. This creates flexibility in timing, capital structure, and project design. It allows Prive to match each parcel to the right path while maintaining control of the full story and the overall direction of the project. In this strategy, the land is not meant to sit still. It is meant to grow in value, be repositioned, and then be contributed to the future developments at market value as part of the equity stack.

VALUE CREATION STRATEGY

THE VALUE IN UPTOWN BISCAYNE IS EXPECTED TO BE CREATED IN SEVERAL LAYERS.

FIRST

Buying the property at an estimated 30% below market creates immediate embedded value in the land.

SECOND

Subdividing the assemblage into four parcels turns one land position into four future projects.

THIRD

By moving the site forward in three to four stages, Prive can create flexibility in timing and respond to evolving market conditions.

FOURTH

Each parcel is expected to be contributed to its project at market value, rather than historical cost basis. This allows the appreciation in the land to become real project equity.

FIFTH

Prive intends to lead every project on the site, serving as GP in some cases and Co-GP in others, while maintaining a unified vision across the entire platform.

LAYERS OF VALUE CREATION

DISCOUNTED BASIS

Acquire full assemblage at ~$75M, approximately 30% below projected market value of ~$100M.

PARCEL SUBDIVISION

Divide into four separate parcels, each valued at ~$25M, creating multiple value-creation paths.

PHASED EXECUTION

Three to four phases over ~5 years allows flexibility in timing and capital deployment.

LAND-TO-EQUITY CONVERSION

Contribute each parcel at market value into developments — land appreciation becomes project equity.

PRIVE-LED PLATFORM

One unified vision across all parcels with Prive as GP or Co-GP on every development.

TIMING & MARKET POSITIONING

The opportunity comes at a favorable moment in the North Miami Beach–Aventura corridor, where land scarcity continues to intensify, adjacent projects have already established value benchmarks, and demand remains resilient for well-located mixed-use and residential products.

This positions Uptown Biscayne as a compelling basis for near- to medium-term value creation through entitlement, land strategy, and execution.

WHY NOW

01- Land scarcity continues to intensify in the corridor - sites of this scale are increasingly rare

02- Adjacent projects have established strong value benchmarks and proven market acceptance

03- Demand remains resilient for well-located mixed-use and residential products

04- Opportunity to acquire at ~30% below market creates significant day-one value

05- Phased approach provides flexibility to respond to evolving market conditions

DEVELOPMENT VISION

The long-term vision for Uptown Biscayne is to turn one assemblage into four meaningful development opportunities, each one able to stand on its own while still contributing to one larger gateway identity.

All four parcels are expected to move forward under a Prive-led execution strategy. Depending on the capital and partnership structures of each development, Prive may serve as GP on some parcels and Co-GP on others, while maintaining a unified vision for the entire project.

Prive’s preliminary vision contemplates a flexible approach that may include residential development, neighborhood and destination retail, office or medical-office uses, hospitality or extended-stay components, and phased parceling or multi-block execution strategies.

As each phase advances, the land for that parcel may be contributed into the project at market value, instead of the original acquisition cost. This allows appreciation in the land to be recognized and used as part of the equity structure.

Any ultimate program, density, subdivision strategy, and absorption schedule will be subject to detailed legal, planning, architectural, and market validation.

SITE

INVESTMENT HIGHLIGHTS

THE OPPORTUNITY AT A GLANCE

Prive Group presents a premier opportunity to acquire a 4.97-acre assemblage on Biscayne Boulevard at ~30% below market.

The strategy: divide into four parcels, contribute $100M of land value as equity into 3 - 4 developments, and grow that equity to an estimated $200M at project completion - Total Investor Yielding Profit ~$125M profit.

PROXIMITY TO AMENITIES

Gateway to Aventura, Sunny Isles Beach, Golden Beach & Bal Harbour.
High daily vehicular exposure along Biscayne Blvd.
Immediate access to affluent local households & destination retail.
Strong regional connectivity and identity.
One of few remaining large infill sites in the corridor.

SURROUNDING COMMUNITIES

Aventura
Luxury retail & residential hub

Sunny Isles Beach
Ultra-luxury oceanfront corridor

Golden Beach
Exclusive single-family enclave

Bal Harbour
Premier retail & waterfront destination

North Miami Beach
Rapidly developing urban center

LOCATION

Uptown Biscayne sits in a location that offers both practical value and strong market identity.

Positioned along Biscayne Boulevard, the site serves as a natural gateway to Aventura, Sunny Isles Beach, Golden Beach, Bal Harbour and North Miami Beach.

This gives the property direct relevance to surrounding wealth, destination traffic and long-term residential demand.

SURROUNDINGS MARKET CONTEXT

Existing surrounding development validates the corridor’s scale, density, and market maturity. Yellow and Red: Market Rental Apartments (Soleste on The Bay and No Mi Beach) / Green: The Harbour Luxury Condominium Towers.

As of March 2026, Uptown Biscayne is situated within an increasingly established segment of the North Miami Beach, Aventura corridor, where recent and near-delivery residential development has materially strengthened the area’s market profile.

The Harbour

16385 Biscayne Blvd

+ 300-Units Luxury Waterfront Condos

Completed 2018. Established residential profile and value benchmark for the corridor.

NoMi Beach

16395 Biscayne Blvd

367-Unit Class A Multifamily

~22 stories, ~914 SF avg units. Avg asking rent ~$3,968/mo. Refinanced Nov 2024.

Soleste on the Bay

16375 Biscayne Blvd

363-Unit Luxury Mixed-Use

28 stories, ~20K SF retail. Active near- delivery benchmark. Continued developer commitment.

FROM ACQUISITION TO EQUITY

Acquisition Cost

Embedded Gain

Land Value Contributed as Equity

Projected Equity Value at Completion

$100M of land contributed as equity into 3 to 4 projects → ~$200M projected equity value at completion → $125M total investor profit

FOUR PARCELS, ONE VISION

P A R C E L

01

Residential Multifamily

~$25M Land Value

P A R C E L

02

Mixed-Use - Retail + Office

~$25M Land Value

P A R C E L

03

Condos + Hospitality or Extended Stay03

~$25M Land Value

P A R C E L

04

Residential or Office Tower + Retail

~$25M Land Value

Each parcel was contributed at market value for the development. The land value can account for approximately 15% of the total project cost. Prive serves as the lead GP or Co-GP for all four parcels under a unified vision. The allocation of uses provided is for reference only, as the entire site is zoned for mixed use, permitting all these uses.

PHASED OVER ~5 YEARS

Second Equity Round (approximately $30M): Anticipated around month 24. Potential funding sources include partial parcel sales, property-backed loans, or equity recapitalization aimed at replacing seller financing.

LP ECONOMICS

9%

PREFERRED RETURN

Annual preferred return to LP equity

20%+

TARGET IRR

Expected annual return over ~5-year hold

$125M

PROJECTED PROFIT

$100M land equity grows to ~$200M

~$25M

DAY - ONE SPREAD

Embedded value at acquisition

EQUITY TRANSFORMATION
The $100M of projected land value is contributed as equity into the 3 to 4 development projects. Through project-level returns, that $100M is projected to grow to approximately $200M at completion: Yielding ~$125M in total profit for investors.

Alignment: Prive commits $15M GP equity alongside LP capital. Returns driven by project-level performance across all four developments.

MARKET DRIVERS

ARTS, ENTERTAINMENT & SHOPPING

Bal Harbour Shops
Bal Harbour Shops is one of the world’s most prestigious open-air shopping centers, offering an exclusive collection of designer boutiques including Chanel, Prada, Gucci, and Valentino. Nestled in a lush tropical setting just minutes from the site, it provides a refined atmosphere ideal for professionals and executives seeking high-end fashion and fine dining in a serene, upscale environment.

Aventura Mall
Aventura Mall is Florida’s premier retail destination and among the largest in the U.S., featuring a dynamic blend of luxury brands, contemporary fashion, and curated art installations. The mall includes a wide variety of restaurants, immersive experiences, and public spaces, making it a vibrant destination for both shopping and leisure.

Miami Design District
The Miami Design District is a globally recognized hub for luxury fashion, modern art, and high-end interiors. With flagship stores from Dior, Hermès, and Louis Vuitton, alongside public art installations and world-class architecture, it draws both locals and international visitors looking for an immersive, design-forward experience.

Wynwood Walls & Arts District
Wynwood is Miami’s cultural epicenter, home to the iconic Wynwood Walls, an outdoor museum of street art that anchors a neighborhood filled with galleries, craft breweries, cafes, and creative studios. It’s a destination that embodies innovation, attracting professionals in creative industries and offering vibrant after-hours energy.

MOCA – Museum of Contemporary Art
Located in North Miami, MOCA is a cornerstone of the area’s art and education community. It features a rotating schedule of contemporary exhibitions, artist talks, and public programs. Its presence enhances the cultural richness of the area and offers nearby office tenants direct access to Miami’s growing creative scene.

PARKS & RECREATION

Arch Creek Park & Nature Preserve
This historic site offers a unique blend of nature and history, featuring native tropical hardwood hammocks, birdwatching, and walking trails. Just minutes from the site, Arch Creek Park serves as a peaceful retreat for workers seeking a quiet midday escape or active residents embracing nature.

Enchanted Forest Elaine Gordon Park
A true urban oasis, this park offers equestrian trails, picnic areas, and mature oak tree canopies right in the heart of the city. Horse stables, educational nature trails, and yoga-friendly open lawns make it an appealing space for professionals and families to unwind or reconnect with the outdoors.

Oleta River State Park
The largest urban park in Florida, Oleta River offers kayaking, mountain biking, fishing, and tranquil waterways ideal for those who seek adventure and relaxation close to the city. It’s a highly valued green amenity in a dense urban environment, attracting both recreational visitors and eco-conscious professionals.

Haulover Park & Marina
Stretching along the Atlantic coast, Haulover Park features a sandy beachfront, a full-service marina, picnic areas, and designated dog parks. It’s ideal for boating enthusiasts and families alike, offering an unmatched blend of land and water recreation within a short drive from the project site.

North Bay Village Boardwalk
This waterfront promenade offers uninterrupted views of Biscayne Bay and a safe, scenic path for morning jogs, evening strolls, and cycling. The boardwalk enhances the area’s lifestyle appeal, especially for tenants and residents who value access to outdoor fitness and waterside relaxation.

GOLF & COUNTRY CLUBS

Miami Shores Country Club
An 18-hole championship course with on-site tennis, a driving range, and elegant dining facilities, this club is a staple for both business entertainment and weekend leisure. Located just minutes away, it’s a perfect setting for networking or relaxing after hours in a professional, upscale atmosphere.

Normandy Shores Golf Club
Located on a secluded island in Biscayne Bay, this public course delivers lush fairways, waterfront holes, and a welcoming clubhouse. It’s an accessible yet scenic option for casual golfers or midweek tee times, just a short drive from the office site.

Indian Creek Country Club
One of the most exclusive private clubs in the country, Indian Creek offers an elite golf experience with limited membership, a pristine course, and unmatched privacy. Its legacy, status, and exclusivity elevate the prestige of the surrounding North Miami area.

DINING & NIGHTLIFE

Makoto – Bal Harbour Shops
Makoto is an acclaimed modern Japanese restaurant offering refined omakase-style dishes, innovative cocktails, and impeccable service. Located in Bal Harbour Shops, it’s a favorite for business lunches, private dining, and entertaining high-profile clients in a sleek, understated space.

Mandolin Aegean Bistro
Set in a beautifully restored 1940s home in the Design District, Mandolin delivers fresh Mediterranean cuisine and coastal ambiance. With its blue-and-white palette and shaded garden seating, it’s ideal for al fresco business lunches, casual meetings, or after-work gatherings with colleagues.

Casa Tua Cucina
Located in Brickell City Centre, Casa Tua Cucina reimagines Italian dining with a gourmet food hall concept. Blending artisanal dishes with chic communal spaces, it’s the perfect mix of elegance and convenience for office workers, clients, or social events.

Michael’s Genuine
A staple in the Design District, Michael’s offers farm-to-table cuisine in a laid-back yet refined setting. It’s known for high-quality ingredients, locally inspired plates, and a dynamic atmosphere that appeals to Miami’s business and creative crowds alike.

Joe’s Stone Crab
A legendary institution in South Beach since 1913, Joe’s is synonymous with classic Miami seafood. Its white-tablecloth service, historic charm, and seasonal stone crabs make it an unforgettable spot for entertaining VIP clients or celebrating milestones.

UNIVERSITIES & EDUCATION

Barry University
Located just 5 minutes away, Barry University is one of Miami’s largest private Catholic institutions, offering a wide range of undergraduate and graduate programs. Its presence contributes to the area’s intellectual capital and supports recruitment pipelines for employers nearby.

FIU Biscayne Bay Campus
Florida International University’s scenic waterfront campus is home to leading programs in hospitality, marine sciences, and international affairs. It’s a vibrant academic hub supporting research partnerships and professional growth in North Miami.

Miami Country Day School
An elite private school serving grades PK–12, this institution is known for its rigorous academics, athletics, and college-preparatory programs. Its location nearby makes it an attractive amenity for executives and professionals relocating with families.

Mater Academy Miami Beach
A top-rated charter school offering innovative and STEM-focused curricula, Mater Academy provides accessible, high-quality public education just minutes from the development site.

St. Rose of Lima School
A respected Catholic K–8 school, St. Rose emphasizes academic excellence, spiritual development, and community involvement. It is a key option for professionals in search of private education near Biscayne Shores.

BOATING & WATER ACCESS

Pelican Harbor Marina
This full-service marina provides easy access to Biscayne Bay and the Intracoastal, with dry storage, ramps, and boat rentals. It's a convenient resource for professionals with a boating lifestyle and for hosting waterfront client experiences.

Haulover Marine Center
One of the largest indoor boat storage facilities in Florida, Haulover Marine Center offers premier service, security, and direct access to the ocean through Haulover Inlet — perfect for serious boaters and marine business connections.

Miamarina at Bayside
Located in the heart of Downtown Miami, this vibrant marina is steps from Bayside Marketplace and offers docking for yachts and charters. It supports both leisure and professional uses, adding versatility for visiting executives.

Biscayne Bay Yacht Club
A private members-only club with a legacy dating back to 1887, offering sailing programs, social events, and elegant waterfront facilities. It enhances the luxury lifestyle appeal of the North Miami area for high-net-worth tenants.

ACCOMMODATIONS & HOTELS

The Ritz-Carlton Bal Harbour
A top-tier oceanfront hotel offering refined suites, full-service spa, and elevated dining. It’s the ideal choice for corporate guests seeking luxury accommodations near North Miami and Bal Harbour.

The St. Regis Bal Harbour Resort
Known for its bespoke service, private beachfront, and world-class amenities, the St. Regis provides an elite hospitality experience perfectly suited for high-profile meetings and extended executive stays.

The Standard Spa, Miami Beach
A lifestyle and wellness retreat focused on holistic relaxation, hydrotherapy, and casual sophistication. It’s a favorite among creative professionals and those seeking rejuvenation close to the city.

1 Hotel South Beach
An eco-luxury resort blending sustainability with elevated hospitality. With rooftop pools, beach access, and farm-to-table dining, it’s ideal for both leisure and corporate travel.

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