Continuum Company has recently expanded its North Bay Village waterfront presence by acquiring Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina. Longline Financial provided a $67.5 million acquisition and pre-construction development loan for this project.
The property, which spans 4.5 acres, is located next to Continuum’s latest waterfront development in North Bay Village, the Continuum Club & Residences. According to Ian Bruce Eichner of Continuum, their vision for North Bay Village mirrors that of their successful transformation of South Beach 20 years ago – identifying an undervalued oceanfront opportunity and turning it into a highly desirable neighborhood.
Both the on-site restaurant and hotel will remain open during the redevelopment process. With its recent rezoning in 2020, North Bay Village is poised for further growth with over 3,000 new residential units and one million square feet of commercial space planned.
This addition to Continuum’s holdings showcases their expertise in identifying valuable real estate opportunities and transforming them into thriving communities.
