Press Release

Phase #1 Is Complete And Approaching Sell Out; Final Phase Of Construction Now Under Way

By June 22, 2017 No Comments
Miami townhomes at IRIS on the Bay

IRIS On The Bay: The Only New Construction Waterfront Luxury Townhomes On Miami Beach

Experience modern perspectives and vibrant living in Miami Beach’s only new waterfront luxury townhomes at IRIS on the Bay, where the privacy of spacious single-family living meets the security and safety of a serene gated enclave. A unique collection of just 43 Miami townhomes, this property has striking contemporary features that take advantage of the light, emerald waters of Biscayne Bay, golf course and park views, and abundant outdoor living spaces.

IRIS on the Bay is meticulously designed with the 43 Miami waterfront homes divided into 7 individual buildings, which allow more corner units and exceptional water views. Each residence offers a fully equipped modern kitchen, spacious rooftop perfect for entertaining, private elevator, two-car garage (with optional lift to park three cars), and flooring throughout. The open-concept floor plans with three and four bedroom configurations ranging from 2,152 to 2,513 sq. ft. of interior space, plus outdoor terraces and balconies, are guaranteed to impress. Outdoor amenities include a pool overlooking the beautiful bay, waterfront strolling promenade, lush landscaping, verdant lawns, outdoor meeting areas, and available boat slips.

Visually, IRIS on the Bay blends seamlessly into Normandy Isle’s mid-century modern (MiMo) architectural heritage, as the area’s picturesque canals exude a relaxed urban oasis. Moreover, the surrounding neighborhood commands attention, celebrated for being within easy walking distance of numerous bistros, bars, retail stores, an art cinema, and a weekend farmers market. Outdoor enthusiasts will relish the 18-hole Normandy golf course, tennis courts, playgrounds, and proximity to some of the finest beaches. Notably, South Beach, Bal Harbour, and Downtown Miami are just a few minutes away and easily accessible to IRIS on the Bay residents.

IRIS on the Bay is located at 27 to 111 North Shore Drive, Miami Beach, and is being developed by South Florida-based The Spear Group and Braddock Financial Corporation.

It was designed by award-winning architects Beilinson & Gomez, along with Michael Wolk Design Associates, who will continue to design the interiors of the common areas. “Pricing at IRIS on the Bay starts in the mid-$300’s a square foot, which is a value buy on Miami Beach, considering what we are offering and our waterfront location. Phase #1 townhomes are approaching sell out and the new final phase of construction is generating considerable excitement in the market,” added Developer Jeff Spear.

ABOUT THE MIAMI TOWNHOMES AT IRIS ON THE BAY

IRIS on the Bay is located from 25 to 135 North Shore Drive, in the picturesque enclave of Normandy Isle. The 43 four-story Miami townhomes and community is developed by South Florida-based The Spear Group and Braddock Financial Corporation. Douglas Elliman’s The Sandberg Nortmann Group is handling sales exclusively. IRIS on the Bay’s Miami townhomes start in the $800,000s and boat slips are also available for purchase.

Learn more at: www.irisonthebay.com  or call (786) 629-1856.

ABOUT THE SPEAR GROUP

The Spear Group is a private real estate investment and development firm based in South Florida. The company was founded in 1966 by L. William Spear in Massachusetts and has been active in the Florida market since 1976. The Spear Group has built more than 30 residential communities and over 3,000 residences in Florida, and has twice been awarded “Builder of the Year” by the Builders Association of South Florida.  Our vertically-integrated capabilities enable us to act as developer, licensed general contractor, real estate broker, and property manager.  The Spear Group focuses on value-add and opportunistic investments in residential and commercial real estate transactions in Florida and the New England area. We utilize our local market knowledge to identify undervalued assets and create value through development, redevelopment and property-level enhancements.

For more information, visit www.thespeargroup.com

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