An out-of-state developer has broken ground on a high-rise luxury condominium project in Miami Beach’s North Beach neighborhood. 

New York-based Northlink Capital began construction this month on 7200 Collins, at 7200 Collins Ave. 

The 12-story development will add 222 one- and two-bedroom units to the evolving Miami Beach neighborhood. Each fully furnished unit will have a private terrace, among other features. Building amenities will include two swimming pools, a fitness center, lounge and event space. 

Average prices are in the mid-$800,000s, and the units are already 93% presold, according to the developer. Fort Lauderdale-based OneWorld Properties leads sales. 

Ortega Construction Co. is the general contactor. Revuelta Architecture International designed the project. Adriana Hoyos Design Studio was responsible for the interior design work. All are in Miami. 

Completion is expected by the end of 2027. 

An affiliate of Northlink acquired the 0.57-acre property out of foreclosure for $17.33 million in 2021. It previously had several retail buildings. 

North Beach has seen a surge in redevelopment in recent years. That’s due in part to a voter-approved density increase in 2017 that allows developers to aggregate larger lots to construct taller buildings. It also offers fast-tracked zoning and permits short-term rentals.