Related and Macklowe secure approval for North Bay Village condo towers

The Pérez family’s Related Group and Harry Macklowe’s Macklowe Properties secured initial approval for their planned two-tower luxury condo development in North Bay Village.  The North Bay Village commission unanimously passed a zoning ordinance on first reading that will allow the developers to build two 498-foot, 43-story waterfront buildings at 8000 East Drive and 7946 East Drive via a special area plan. Commissioner Andy Daro, a real estate agent with Compass, recused himself from voting.  The developers assembled more than 4.1 acres, which include the Biscayne Sea Club co-op and the Majestic Isle condo building.  Coconut Grove-based Related is leading […]This article originally appeared on The Real Deal. Click here to read the full story.