Joint Venture Team Launches Ion East Edgewater Condominium In Miami

MIAMI - June 13, 2014 - PRLog -- In a move that brings together internationally-renowned architecture and high-end design at a competitive price point, a joint venture between SAKOR Development and an affiliate of Encore Housing Opportunity Fund is launching ION East Edgewater, a 330-unit luxury condominium project set to rise at 2701 Biscayne Boulevard in Miami’s urban core. Backed by SAKOR’s duo of real estate industry veterans Barbara Salk and Stephen Kornfeld along with the visionaries behind Miami Worldcenter, the 36-story tower will marry the imaginative designs of Arquitectonica with the award-winning styles of Hirsch Bedner, the designer best known for creating interiors at New York’s Time Warner Center and Mandarin Oriental Hotels around the world. Construction of ION East Edgewater will get underway in the fourth quarter of 2014, with completion slated for late 2016.

Residences at ION East Edgewater will offer buyers top-flight amenities for an unmatched value, with units beginning in the low $300,000 range. With a central location along Miami's chief boulevard, midway between downtown and the Design District, the development’s 330 units include one-, two- and three-bedroom layouts with den options, as well as six exclusive two-story townhomes. Preconstruction reservations are now available.

“Premium amenities, a prominent location along Miami’s grand Biscayne Boulevard, interiors and exteriors created by two of the world’s top design firms, and unbelievable pricing – ION East Edgewater is certainly a great opportunity for buyers,” says Barbara Salk, a principal of SAKOR Development.

“We’re selling East Edgewater’s location and lifestyle. Living in an urban setting just minutes from the Design District, Midtown, Wynwood, Museum Park, Miami Beach and Downtown is appealing to buyers from Miami and around the world,” says Stephen Kornfeld, a principal of SAKOR Development.

Prior to launching SAKOR Development, Barbara Salk served as one of The Related Group’s most senior developers in South Florida for more than a decade, overseeing the development of residential projects valued at more than $1 billion. SAKOR’s Stephen Kornfeld has led companies that have completed assignments for the development of some of the largest construction projects in the world, including New York’s World Financial Center, Miami’s St. Regis Bal Harbour Resort, and London’s Canary Wharf enclave.

Encore Housing Opportunity Fund is a seasoned residential real estate development and investment firm whose principals are also involved in Miami Worldcenter – one of the largest urban mixed use projects in the country. Encore operates two opportunistic funds and one private REIT, which when fully deployed, are anticipated to have in excess of $1 billion in assets under management.

The development team has assembled an all-star lineup for ION East Edgewater. Top hospitality interior design firm Hirsch Bedner Associates, which has imagined ION East Edgewater’s incredible design elements, created the uniqueness of the Mandarin Oriental Miami, Mandarin Oriental Time Warner Center, Taj Palace Dubai and The Beverly Hills Hotel. Arquitectonica, the project’s internationally-acclaimed architecture firm, has been behind some of the most recognizable buildings in the world.

“ION East Edgewater’s extensive array of social amenities and welcoming units have been designed for residents to enjoy with their friends and neighbors,” says Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project’s exclusive sales and marketing partner. “This speaks to the unbelievable opportunity for young professionals to embrace all the conveniences of living a million dollar lifestyle without the steep price tag.”

Life at ION East Edgewater will radiate from the building’s half-acre resort-style amenity deck on the eighth floor, home to an elaborate 75-foot heated lap pool, Jacuzzi, multiple reflective pools, and an outdoor pool-side cinema, where residents can watch movies while lounging in the pool. The expansive deck will also include private cabanas, an outdoor summer kitchen, a hammock garden, a large fire pit, a bocce court, and a fully-equipped fitness center with an outdoor yoga and cross-fit area.

The experience continues at the building’s rooftop sky deck, where residents and their guests will be greeted by panoramic bay and city views, a large plunge pool, sun terrace and a sky bar and lounge area. As an added perk, the LEED Silver project will include a separate building featuring 20,000 square feet of prime restaurant/retail space fronting Biscayne Boulevard – with plans for a restaurant partnership spearheaded by a renowned chef.

Leading ION East Edgewater’s sales and marketing efforts is Cervera Real Estate, one of the most prominent brokerage firms in South Florida and the Americas. For more information, including preconstruction sales opportunities, please contact (866) ION- EAST (866-466-3278), or visit www.ionmiamicondos.com.

About ION East Edgewater:

ION East Edgewater is a 330-unit residential condominium being developed by a joint venture between Miami-based real estate development firm SAKOR Development and Edgewater Miami, LLC, which is an affiliate of real estate development and investment firm Encore Housing Opportunity Fund. The property is situated at 2701 Biscayne Boulevard in Miami’s East Edgewater neighborhood. With a superior location, premium amenities and innovative design elements, ION East Edgewater introduces luxury units at a value to the up-and-coming area of East Edgewater. Construction of the 36-story tower is expected to get underway in the last quarter of 2014, with completion slated for late 2016. SAKOR Development is a Miami-based real estate development firm formed by a partnership between real estate industry veterans Barbara Salk and Stephen Kornfeld. The duo brings a combined 75 years of development and construction expertise, having worked with a diverse roster of large ground-up condominium and hotel projects in South Florida, New York and London. Encore Housing Opportunity Fund is an opportunistic real estate fund manager which invests in residential real estate, with offices in Florida and California. Encore is a seasoned residential real estate development and investment firm, with land acquisition, development, and construction capabilities in-house. Encore operates two opportunistic funds and one private REIT, which when fully deployed, are anticipated to have an excess of $1 billion in assets under management. Encore currently has investments in Miami, Orlando, Jacksonville, Tampa, Dallas, Los Angeles, Sacramento, Phoenix, and San Francisco. The leadership of Encore is also involved in Miami Worldcenter, one of the largest urban mixed use projects in the country. To learn more about ION East Edgewater, visit www.ionmiamicondos.com.