Developer Announces Bijou Bay Harbor, a Luxury Condominium in Bay Harbor Islands

Successful Colombian firm makes first foray into Florida market

Respected Colombian mega-developer Juan Carlos Gonzalez is making his first foray into the South Florida condominium market with Bijou Bay Harbor, a luxury condominium planned for Bay Harbor Islands. Ability by Acierto, Gonzalez’s U.S. development company, plans to begin pre-sales this season and break ground in early 2016. The company has partnered with Conexo Inmobiliario founded by Andres Arias Gutierrez, who will serve as the president of new developments for Ability by Acierto.

“Bay Harbor Islands has undergone such a transformation during the last couple of years and is a goldmine for new development,” said Robert Morales, the vice president of operations for Ability by Acierto. “This location brings the best that Bay Harbor Islands has to offer – a prime location in the middle of one of South Florida’s most in-demand communities and just a walk from the famous Bal Harbour beaches.”

Ability by Acierto acquired the prime parcel in February 2015 for $8.5 million. The planned seven-story building will offer laid back luxury to young professionals and buyers from Latin America, the Caribbean and Europe with 41 private residences including five penthouses. Private residences range from 900 to just over 2,000 square feet. Working with architects Luis Revuelta and Charles H. Benson and designer Adriana Hoyos, the 2,000-square-foot on-site sales center will open this fall. Prices will begin in the $500,000s and rise to $1.9 million for the spacious penthouses.

Residents will enjoy boutique island living and casual elegance in the resurgent Bay Harbor Islands community. This walkable, urban enclave features upscale shops, dozens of restaurants, the bustling Kane Concourse and the affluent shopping of Bal Harbour Shops just steps over the Intracoastal Waterway.

The Gonzalez name has been associated with some of the most successful residential and commercial development projects throughout Colombia. His firm, Acierto Inmobiliario, is Colombia’s second-largest developing company and has built 10 million square feet of commercial and residential projects. Destinations include Torre Empresarial Porvenir, and the popular Centro Comercial Sao Paulo mall in Medellin. In Bogota, the firm built the Country Reservado, Avenida 68 and El Bosque condominium.

A longtime, seasonal resident of South Florida, Gonzalez spent five years studying the market before deciding the time was right for his U.S. division to launch its first Miami-area project.