Privé at Island Estates Reaches 50% Sold in December 2014

Final Quarter of 2014 Yields Strongest Sales Period to Date on Heels of Accelerated Momentum & Critical Acclaim

Privé Developers, LLC, led by co-developers BH3 and Gary Cohen as Principal, today announced that 50% of the residences at Privé at Island Estates – located on South Florida’s last buildable private island – are currently under contract. The overwhelmingly successful close to 2014 included sales totaling $75 million within the past 75 days for the ultra-luxury development, which was recently ranked “#1 Residential Real Estate Development in South Florida” by Elite Traveler.

“The exceptionally strong fourth quarter we’ve experienced thus far has not only propelled us to a major milestone achievement, it also set a new sales record for the project. We look forward to carrying over this momentum into the New Year.”

– Greg Freedman, BH3

Upon completion, Privé at Island Estates will be comprised of twin 16-story towers designed by renowned architects Sieger Suarez, including a total of 160 ultra-luxury Miami condominiums ranging in size from 2,585 square feet to more than 9,000 square feet in select penthouse units. Each residence will feature private elevator entry, flow-through floor plans with 10-foot ceiling heights (Penthouses have 15-foot ceiling heights), 10-foot deep balconies, expansive east/west water views throughout, European kitchens and bathrooms, as well as outdoor summer kitchens.

First-class, resort-style amenities and services include a 10,000 square-foot gym and spa in each tower, private dining and social rooms, pool-side café, wine and cigar rooms, kids rooms, tennis court, two pools, marina, private pier, nature trail, private beach, jogging path, full-time concierge, and 24-hour gated and roving security for the privately bridged island. All public spaces will be designed by Interiors by Steven G.