BH3 LLC and Gary Cohen Develop South Florida’s Last Private Island

Privé Island – August 28, 2013

South Florida’s Dynamic Real Estate Professionals Join Forces to Present Privé®

AVENTURA, FL – Privé®, the exclusive and exciting new joint venture between BH3 Management LLC and Developer Gary Cohen was announced today. Set on South Florida’s last buildable private island, Privé® presents a one-of-a-kind development and living opportunity to the South Florida market.

Privé® is located on the 8-acre north island and set between Williams Island and Sunny Isles Beach. The twin iconic 16-story towers designed by renowned architects Sieger Suarez, will be comprised of a total of 160 ultra-luxury residences ranging in size from 2,585 square feet to over 5,600square feet for select penthouse units. Every residence will feature private elevator entry, flow-through floor-plans with 10-foot glass on both eastern and western exposures, full 10-foot depth 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, 24-hour gated and roving security, and full-time concierge.

The seasoned co-developers are no strangers to exclusive and luxury projects in South Florida. BH3’s ownership of recent prestigious projects in South Florida include Trump Hollywood, 1805 Ponce, Terra Beachside 6000 Collins, and Fontainebleau Sorrento. Gary Cohen is the developer of Island Estates, the south island of the property, which consists of 21 exclusive mansions and a marina. As one of the founding families of Aventura, the Cohen family has been in South Florida land development since the 1960’s, resulting in approximately 1,000 acres of land development and planning of high-rise condominiums, multifamily, single family homes, shopping centers, and commercial offices.

“This development offers a truly unique living opportunity. The property’s resort lifestyle on a private island in the heart of Aventura, surrounded by water, plush landscaping, and the most natural and inspiring view corridors presents something unmatched in Miami’s market. Each resident will live in the utmost privacy, perched high atop the surrounding waterways, with gated security services, five star amenities, and complete tranquility,”

Gary Cohen, Developer of Privé®

His co-developers, partners of BH3 – Daniel Lebensohn, Greg Freedman, and Charlie Phelan- together shared the following statement: “We are thrilled with the opportunity to develop such a rare island property with Gary Cohen and positively impact Aventura’s landscape with such a unique and iconic development. As developers, we did not imagine such a rare and exclusive development opportunity would arise in our backyard, and we’re enamored to join Gary and together bring Privé® to the market.”

Development sales will be facilitated through BH3 Realty and led by Michael Neumann as Sales Director. Pre-sales are scheduled to commence in September on-site by appointment only. The land transaction for the joint venture was facilitated by Scott Patterson of EWM International Realty’s office in Aventura.

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About BH3 Development

Lead by principals Gregory Freedman, Charles Phelan, and Daniel Lebensohn – BH3 is an opportunistic real estate firm with a core focus on acquiring real estate in South Florida and New York City. In addition to Trump Hollywood, the firm’s impressive portfolio includes1805 Ponce, Terra Beachside 6000 Collins, and Fontainebleau Sorrento.

To learn more, please visit www.BH-3.com.

About Developer Gary Cohen

Gary Cohen is the developer of Island Estates, the south island of the property, which consists of 21 exclusive mansions and a marina. As one of the founding families of Aventura, the Cohen family has been in South Florida land development since the 1960’s, resulting in approximately 1,000 acres of land development and planning of high-rise condominiums, multifamily, single family homes, shopping centers, and commercial offices.

Media Contact: Nicole Lewis – AMGW Agency, 786-362-6500 or [email protected].