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North Miami, United States
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15055 Biscayne Blvd, North Miami, FL 33181, USA
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Biscayne Landing is a 193 acres (0.8 km²) master-planned community located in North Miami, Florida within a 2,000 acre (8 km²) enclave on Biscayne Bay. In 2007, Boca Developers built a twin-tower residential community on the site with 373 units. In 2009, iStar Residential, a division of iStar Financial, purchased 160 of the unsold residences and leased a majority of them while the real estate market was in recovery. In late 2013, the project was renamed One Fifty One at Biscayne. The rental units are being sold as condominiums.The site is bordered to the east by Biscayne Bay and Oleta River State Park, Florida’s largest remaining coastal mangrove preserve and urban park, to the west by commercial developments. It is notable as one of the largest residential projects ever planned on a former Superfund site and a demonstration of the excesses of the housing bust. The site also reflects one of the largest write-offs in securitized mortgage history with a $196 million writeoff of an initial $200 million investment.
