MG Developer, Prosper jump into hot North Bay Village with condo development

Alirio Torrealba’s MG Developer and Prosper Group are planning a 30-story waterfront condo tower in North Bay Village. MG and Prosper are proposing a 30-story, 147-unit tower at 1681 and 1725 North Bay Causeway, the 1-acre site they bought for $30.9 million last year. The partners filed an application with Miami-Dade County’s Shoreline Development Review Committee, the South Florida Business Journal reported.  Miami Beach-based Prosper is led by Jay Roberts. Roberts and Torrealba tapped Revuelta Architecture International to design the tower.  The project is slated to have 3,300 square feet of restaurant space, 6,400 square feet of offices and 12 […]This article originally appeared on The Real Deal. Click here to read the full story.