By Roger Fonnegra

PROJECT SUMMARY

PROJECT DESCRIPTION

  • Miami-based developer Shoma Group is excited to announce SHOMA BAY, a 2.8 acre mixed use development in the thriving waterfront community of North Bay Village
  • Anchored by a 36,068 sq.ft. Publix, the project will boast a 21-story, 327-unit modern apartment community and 6,315 sq.ft. of retail space including a rooftop restaurant and a Shoma Bazaar food hall
  • Residences range in size from 324-square-foot furnished micro studios to 1,435 square-foot three bedroom residences
  • Located on the corner of the 79th Street Causeway and East Treasure Drive, Shoma Bay is in proximity to nearby shopping, dining and schools, with direct access to the main highway that connects North Bay Village to Miami Beach and the MiMo District
LOCATION
1850 John. F Kennedy Causeway
North Bay Village, Florida

DEVELOPMENT TEAM
SHOMA GROUP
shoma project

MICRO RESIDENCES

Unit Type
# of Units
Saleable Sq. Ft.
Avg. Sq. Ft.
Micro Residences
40
14,000
360
Sub-Totals
40
14,000
360

SHOMA BAY RESIDENCES

Unit Type
# of Units
Saleable Sq. Ft.
Avg. Sq. Ft.
One Bedrooms
140
107,560
768
Two Bedrooms
128
141,793
1,108
Three Bedrooms
19
27,493
1,447
Sub-Totals
287
276,846
965
Totals
327
107,560
891

AMENITIES

  • Lobby Lounge
  • Game Area
  • Pet Spa
  • Library
  • Library
  • Co-working Area
  • Pool w/ Waterfront View
  • Pool Cabanas
  • Summer Kitchen
  • Kids club
  • Spa
  • Sky Lounge w/Bar, Game & Movie
Shoma Bay Project Shoma Bay Project Shoma Bay Project Shoma Bay Project Shoma Bay Project Shoma Bay Project Shoma Bay Project

Payment Structure

  • 20 % At contract (difference from what was deposit at LOI) in 45 to 60 days.
  • 10 % Groundbreaking - Q1 of 2023
  • 10% 11th Floor - Q1 of 2024
  • 10% Top Off - end of 2024
  • 50 % Closing

Reservation structure

  • 20k for studios
  • 30k for one bedroom
  • 40k for two bedrooms
  • 50k for three bedrooms