The Verzasca Group plans a 19-story luxury tower at the site of a Denny’s on Collins Avenue in Sunny Isles Beach, on the west side of the street that has seen little in new residential projects, The Real Deal has learned.
The planned development, at 17550 Collins, will have 76 units, priced from below $1 million to just under $2 million, said Gennady Barsky, executive chairman of the Verzasca Group. Architect Luis Revuelta of Revuelta Architecture International is designing the project.
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The group will soon submit its application for development approvals to the city of Sunny Isles Beach, said attorney Steve Bassin, a Russian-speaking shareholder with Greenberg Traurig, who represents Verzasca and several other Russian developers in the market.