Construction Starts on Margulies’ Newest Condo Tower

By Georgiana Mihaila, Associate Editor As part of the recent streak of new condo developments in the South Florida area, the last William Islands residential site is about to be occupied by a new high-end condo project. Developer Martin Z. Margulies [...]

As part of the recent streak of new condo developments in the South Florida area, the last William Islands residential site is about to be occupied by a new high-end condo project. Developer Martin Z. Margulies is breaking ground on its long-awaited boutique-style tower, Bellini at Williams Island. Margulies, with three decades of high-end condominium construction experience, is the developer behind projects such as Grove Isle, Bellini Bal Harbour and Grand Bay Towers Key Biscayne.

The 24-story Bellini at Williams Island will offer 70 highly exclusive and private residences, each being a corner unit with three generously proportioned bedrooms and its own private elevator. With sweeping water views in all directions, the units will feature expansive balconies; buyers will have access to the Williams Island amenities that include a resort-style club and spa, an Island Club Restaurant, pool-side café, 16-court tennis complex, as well as a private yacht club and marina. The building itself will feature a fitness center with private locker rooms, 24/7 fully staffed front desk and concierge, and 24-hour valet service. Prices start at $950,000 and go up to $3.7 million for a 2,600-square-foot penthouse.

As reported by The Miami Herald, Margulies bought the land in 2007, but did not move forward with the development; now, the developer is aiming to make the Bellini condo tower Williams Island’s signature building. The Herald also mentions Margulies’ intent of promoting the Bellini condos to the international market, especially in Latin America. To this respect, the common areas will be furnished by Brazilian designer Paulo Bacchi’s Artefacto.

The Bellini at Williams Island is set for completion in the summer of 2013, but reportedly some units have already been sold. According to the official website, in order to purchase a unit, buyers only have to put down 30 percent, as opposed to other pre-construction developments that are asking for a 70 percent down payment to finance construction.