Privé Group, led by Javier Rabinovich, is staking an office bet in an area where few others have in recent years.
Miami-based Privé proposes a 75-foot tall building in an unincorporated area between North Miami and Miami Shores, while most office developers as of recent have homed in on Bay Harbor Islands, Miami Beach and Miami’s prime markets such as Coconut Grove or Wynwood.
Privé, through an affiliate, wants to build the six-story project with a rooftop lobby on a 0.3-acre site at 11032 and 11034 Biscayne Boulevard, according to its pre-application filing to Miami-Dade submitted this month. The building would also have a parking level and a car storage level, serviced by a car elevator. A floor plan shows a car showroom and a coffee shop.
A pre-application filing is a way for developers to gauge county staff members’ input on proposed projects before submitting an official application.
Records show Privé’s affiliate paid nearly $2 million for the two-lot development site in two deals in 2023 and 2024.
Rabinovich founded Privé in 2001 as a holding company for several divisions, including commercial real estate firm Privé Investment Fund, equity investment firm Privé Capital, consultancy Privé Consulting Group, Privé Development, Privé Asset Management and telecommunications firm PrivéTel, according to Rabinovich’s LinkedIn.
In 2015, Privé Land Banking and CK Holding Group bought Dean’s Gold strip club at a major North Miami Beach intersection, which leads to Sunny Isles Beach, for $23.5 million, with plans for a mixed-use project.
The partners paid $8.3 million for the site at 2261Northeast 164th Street in 2016 and also own nearby properties. Records show CK Privé Group 1800 bought two lots immediately north of Dean’s Gold, paying $12.7 million in 2015 for one and $12.6 million in 2016 for the second.
Privé didn’t immediately return a request for comment, including on whether the office building would be developed on spec or custom built for a specific tenant.
The North Miami/Miami Shores area primarily has attracted multifamily development.
Omega Real Estate Management finished the 358-unit Gardens Residences at 1155 Northeast 126th Street in recent years, scoring a $103 million refinancing in 2024 when the project was nearing completion.
In December, Continua Developments and SP Developments started building the 12-story Urbania NoMi 6ave with 240 apartments in North Miami.
Last month, auto dealership group Holman opened a two-story Porsche center spanning 339,000 square feet with a 49,600-square-foot showroom and a 215,000-square-foot garage in North Miami.
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