The Turkish real estate developer Shelton has received city approval for its first condominium project in Florida, an 11-story waterfront building in North Miami. The development, called Shelton Miami, will be located at 1998 Northeast 135th Street on a 0.3-acre site owned by Monique Benson, who acquired the property for $480,000 in 2002.
Shelton is led by chairman Abdullah Kırkıncıoğlu and has selected architect Kobi Karp to design the new complex. The project will feature 18 units, with two five-bedroom apartments of approximately 3,000 square feet each on floors three through eleven.
According to Shelton’s website, amenities planned for the building include a spa, fitness center, pool, hobby room, and meeting room. Residents will also have access to shuttle services connecting them to the beach, boating facilities, and the airport.
Pricing details for the units have not been disclosed. The developer has also not provided information regarding when sales will begin or when construction might start.
This marks Shelton’s first venture in the United States; previously, its portfolio included developments in Ankara and Bodrum in Turkey—primarily single-family residential communities.
While much of the Miami metropolitan area has experienced significant real estate investment and growth over recent years, North Miami has historically attracted less attention from condominium developers. However, this trend appears to be changing. In November, Continuum Company—led by the Eichner family—completed a $48.5 million buyout of a waterfront condo building in North Miami and previously secured approval for a larger project on that site. Details about their plans have not yet been released.
Elsewhere nearby, Bay Harbor Islands continues to see active condominium development pipelines. One Sotheby’s International Realty recently took over sales and marketing for Horizon Group’s planned 23-unit condominium at 9900 West. Additionally, Brooklyn-based Redhoek+ is developing two projects: Pool Haus and Solina Bay Harbor.
