Related and Two Roads to pay about $130M for the oceanfront Carlton Terrace condo building in Bal Harbour

Posted on: August 29, 2021

THE REAL DEAL: "Related and Two Roads to pay about $130M for the oceanfront Carlton Terrace condo building in Bal Harbour"

A number of bidders have vied for the 15-story, 88-unit building over the years

 

A number of developers tried to do it before, but the Related Group and Two Roads Development are now close to completing a bulk purchase of units at the Carlton Terrace condominium in Bal Harbour, The Real Deal has learned.

The developers’ joint venture is spending roughly $130 million for all 88 units at the oceanfront building at 10245 Collins Avenue, according to sources.

 

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