Privé Developers Begin Construction of Privé at Island Estates

Privé Island – June 9, 2015

FOR IMMEDIATE RELEASE

Groundbreaking Follows Recent Further Confirmation of Vested Rights by City of Aventura Judge

AVENTURA, Fla. – June 9, 2015 – Privé Developers, LLC, led by co-developers BH3 and Gary Cohen as Principal, announced today that Privé at Island Estates is now in its second month of foundation construction. In a separate but related matter, a judge recently further confirmed what the Developer and The City of Aventura have always maintained, that vested rights exist without question.

“This is a major achievement for us in bringing the project to fruition and the development team could not be more excited,” said co-developer Daniel Lebensohn. “We are moving full speed ahead, having experienced another great sales month in May.”

Groundbreaking marks the latest of several advancements throughout the last week for developers of the one-of-a-kind, luxury real estate project, listed at No. 14 on Elite Traveler’s “Most Desired Ultra-Luxury Residential Developments in the World” (and No. 1 in Florida).

Designed by renowned architects Sieger Suarez, Privé’s twin towers will rise 16-stories above the exclusive, eight-acre north island located between Williams Island and Sunny Isles Beach. A total of 160 ultra-luxury residences range in size from 2,585 square feet to more than 9,000 square feet in select penthouse units. Each residence will include private elevator entry, flow-through floor plans with 10-foot glass on both eastern and western exposures, 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.

BH3 Realty, led by Sales Director Michael Neumann, is facilitating sales, which are currently active and available by appointment only.

The sales office is located at 21500 Biscayne Boulevard, Suite 302, Aventura. For more information contact the team here.

About BH3 & Gary Cohen

Led 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 includes 1805 Ponce; Terra Beachside 6000 Collins; and Fontainebleau Sorrento. For more information, please visit www.BH-3.com.

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.