North Miami-Dade Waterfront – New Construction – This property consists of 45 units near Aventura. Of the 45 units, 11 closed, leaving 34 available. These luxury units range in size from 1,390 sq ft to 3,343 sq ft and ranges from one BR plus a den (two BA) to four BR plus a den (five BA) and include one floor unit to three floor units. There remains about 71,000 sq ft of space remaining. Original pricing ranged from $505k to $2.35MM. The bank loan was originally $20.75MM and foreclosure was filed by the bank on February, 2009. Potential short sale of the note on this property.