With its Clara Bay Harbor project, Miami-based real estate development firm Clara Homes, led by founder James Curnin, is making significant strides in the luxury rental market. The firm has recently secured approval for the third building and site plan at Clara Bay Harbor, a distinguished ultra-luxury rental community. This achievement is a testament to the developer’s commitment to delivering high-quality living spaces in Miami’s Bay Harbor neighborhood.
Clara Homes gained approval for the third building and successfully negotiated the acquisition of Transfer of Development Rights (TDRs) from the Town of Bay Harbor Islands. This rare occurrence underscores the demand for rental properties in the area and highlights the city’s trust in the developer’s vision and capabilities.
Situated along the stretch of 10200 to 10290 East Bay Harbor Drive, the third and final six-story building of the Clara Bay Harbor project is set to redefine luxury living. Spanning an expansive 1.3 acres, this site is the largest of the three. With the city’s recent approval, construction for this remarkable building is slated to commence in 2024.
Clara Bay Harbor is poised to introduce 150 luxury rental residences to Miami’s Bay Harbor neighborhood. The project’s three buildings are being developed concurrently and harmoniously, each offering unique amenities and services. The first building, located at 10281 West Bay Harbor Drive, broke ground earlier this year. Anticipated to welcome residents in the fall of 2024, it boasts 28 meticulously designed two- to five-bedroom apartments.
The groundbreaking for Clara Bay Harbor’s second building, situated at 1147-1163 100th Street, is scheduled for later this year. With a total area of approximately 145,000 gross square feet, this building will comprise 45 expansive apartments designed to elevate modern living standards.
Clara Bay Harbor is Clara Homes’ debut multifamily development in South Florida. The company has gained prominence through its successful ventures in constructing and selling luxury spec homes in Miami and Los Angeles, often fetching above-market-rate prices. With Clara Bay Harbor, Clara Homes is set to raise the bar in Miami’s rental real estate market, bringing their expertise and vision to create a new benchmark in luxury living.