Ron Gottesmann and Nir Shoshani continue to develop new properties in Miami.
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Ron Gottesmann and Nir Shoshani’s NR Investments have revealed plans for a new condominium apartment building in Miami’s Omni neighborhood, right near the beach.
Located at 1630 Northeast 1st Avenue, the 403 foot tall, 37 story building will have 513 units ranging from 620 square feet to 1110 square feet and 37 stores. The will also be 14, 000 square feet of commercial space. It is being designed by Cohen Freedman Encinosa architects.
NR acquired the 1.1 acre site in a bankruptcy auction last October. It could qualify for $7 million in subsidies over a 15 year period in the form of an annual rebate on the increased property taxes collected from the project site. In order to do so, NR will need to put up least $2 million on improvements to the public streets and sidewalks surrounding the development by 2017.
This was first reported by Real Deal Miami.
The building will feature two pool decks, an 8, 000-square-foot gym and spa, a sound room for musicians and racquetball court. Prices are expected to go from $200, 000s to $400, 000.
Founded in 2001, NR Investments is a privately held real estate, investment, management and development company. Headquartered in Miami, Florida, NRI is actively involved in acquiring, repositioning, and managing real estate assets in major markets throughout the world.
The firm has acquired more than 5, 000 commercial and residential units since inception and currently has approximately 1 million square feet of rental and converted office condominium product on the market.
It has real estate professionals strategically located inside key markets to recognize value added investment opportunities. NR Investments core tenants and proprietary metrics are applied to numerous real estate market segments, commercial office and industrial ownership, commercial shopping centers, multi-family housing.
Ron Gottesmann and Nir Shoshani are the principals of NR Investments Inc. Prior to forming NRI, Mr. Shoshani held the title of president at TiS America, Inc. a subsidiary of Top Image Systems Ltd. a publicly traded, high-tech firm headquartered in Israel with operations around the globe. Mr. Shoshani is a graduate of the Belgrano School of Business in Buenos Aires.
Co-founded in partnership with Ron Gottesmann, a mortgage banker who oversaw the operation of the Miami branch of GFI Mortgage Bankers Inc. of New York, NRI is a fully integrated developer, owner and manager of real estate, with holdings that include large-scale office buildings, commercial shopping centers and multi-family housing.