Skygarden Apartments NE 164th St & NE 19th Ave 341 Unit Apartment Building For Sale North Miami Beach, FL 33162

Hilco Real Estate Sales announces a bid deadline of September 23, 2025, at 5:00 p.m. (ET) for this Chapter 11 bankruptcy sale, with an auction to take place on September 26, 2025, starting at 10:00 a.m. (ET). The opening bid will be $4,500,000 and the minimum overbid will be $4,550,000.
Skygarden Apartments is a premier development opportunity offering a fully entitled 37,281-square-foot site with in-place utilities ready for immediate vertical construction. Approved for a transformative 19-story branded multifamily tower, the project is designed to include 341 luxury rental residences, four ground-floor retail units, and 402 dedicated parking spaces, totaling 508,674 square feet.

The visionary design blends the elegance of a five-star resort with the function of high-end urban living. Future residents and visitors will enjoy a suite of lifestyle-driven amenities, including open-air gardens, yoga studios, running tracks, a beauty center, a pet hotel, curated landscaping, and social spaces, redefining the standard of luxury living in North Miami Beach. As the region’s first branded multifamily project of its kind, Skygarden offers a rare opportunity to deliver an iconic living experience in one of South Florida’s most dynamic submarkets.

Perfectly situated at the intersection of NE 163rd Street and NE 19th Avenue, Skygarden is in a Walker's Paradise with a 92 walkability score and unmatched proximity to major transit lines. The property is just minutes from key destinations, including Aventura Mall, Sunny Isles Beach, and Biscayne Boulevard, with Florida’s four major international airports and seaports located within a 10-mile radius. The area is anchored by a strong educational network of six high schools and five universities, providing a robust tenant pool and consistent demand for high-quality rental housing. The surrounding area features a vibrant retail landscape, including Walmart Supercenter, The Home Depot, Marshalls, Aldi, and more. Including national chains and local boutiques, these retailers cater to the day-to-day needs of residents and enhance the overall quality of life.

North Miami is at the heart of a powerful transformation, sitting directly in the path of Miami’s expanding luxury real estate frontier. The population of almost 250,000 boasts over $2 billion in annual consumer spending within 3 miles, and roughly half of the population rents homes. Supportive zoning, continued infrastructure upgrades, and a surge of developer interest are rapidly reshaping the skyline and enhancing long-term value.
Bankruptcy Sale: USBC Southern District of Florida. Petition No: 1:25-bk-11136-LMI. Hilco Real Estate, LLC, in cooperation with Jiovanny Restrepo, FL Broker, Lic. #3105916.