The Monaco Yacht Club & Residences has broken ground on the north side of Miami Beach.
The condominium will rise 12 stories at the 1.1-acre site at 6800 Indian Creek Drive, which fronts Biscayne Bay. The 39 units are priced from $1.1 million to nearly $4 million. Units will range from 918 square feet to nearly 5,000 square feet. The penthouses will have private terraces with summer kitchens.