Malaysian company revises plans for condo on Biscayne Bay
By Brian Bandell Senior Reporter, South Florida Business Journal
P&O Global Technologies, part of a major Malaysian company, has revised plans to build a condo along Biscayne Bay in North Bay Village with less height and density.
The company’s plans for the vacant 33,600-square-foot site at 7918 West Drive went before village officials in January but they were not approved. The original proposal was for 77 condos in a 290-foot tall tower. That would have required the city to approved both a density increase and a height increase.
According to P&O, the company has submitted revised plans to North Bay Village and hopes for a hearing before the commission in September or October. Now the plans call for 54 condos in 19 stories, or 240 feet. The total square footage of residential space would be 99,078, with another 10,810 square feet for common areas. There would be 122 parking spaces, with the original proposal for mechanical car lifts deleted.
Units at 7918 West Drive would range from 1,225 to 6,210 square feet. The condo was designed by Juan Azulay. The plan would include a pedestrian walkway along the bay.
“We are pleased to present our revised project to North Bay Village,” said Maurizio Pejoves, director of P&O Global Technologies. “As a new member of the community, we look forward to adding a prototype of advanced technology architecture to North Bay Village’s culture.”
P&O Global Technologies sells surveillance camera systems and related technologies. It is an affiliate of Kuala Lumpur-based Pacific & Orient Berhad, an insurance and financial services company that is publicly traded on the Bursa Malaysia Securities exchange.
The developer hopes to break ground on 7918 West Drive in early 2018. It has not announced pricing.
P&O Global Technologies bought the property for $8.3 million in 2015. It’s located on Harbor Island on the north side of the 79th Street Causeway between Miami and Miami Beach.
Source: South Florida Business Journal