Upper Buena Vista rendering via BVM Development
A 60,000-square-foot "mixed-use, pocket-village" that will produce "eclectic charm and bohemian style" is planned for development in Buena Vista located on a 0.85-acre plot at 184 NE 50th terrace. The project is titled 'Upper Buena Vista' with BVM Development as the developer after acquiring the land in March 2014 for $1.125 million.
The project is planned to be developed in three phases, with initial construction for the first phase set for early next year. It will include the remodeling and restoring of an existing building featuring 4,000 square feet of indoor and outdoor space, designed for a neighborhood eatery, landscaped rooftop terrace and an outdoor cafe kiosk. It's expected to be completed next summer.
The next phases are expected to launch in 2017 and will include branded retail and micro-boutiques, interconnected gardens, a 24-room bed and breakfast, wellness center and seven residential cottages.
"We have thoughtfully curated Upper Buena Vista to be a truly unique project that fully embraces the neighborhood's vintage character and unique 1930s heritage, while creating a progressive real estate concept," said Michal Aviv, CEO of BVM Development. "We are so pleased to bring this project to life that will attract a diverse mix of tenants. It will be a vivacious and hospitable destination, where the design inspiration of Balinese elements converges with industrial features and the legacy of Buena Vista."