As reported in The Real Deal.
Developer Don Peebles is planning to relaunch the historic Bath Club as a social membership club, nearly 20 years after first purchasing the Miami Beach property.
Peebles is spending between $5 million and $7 million on renovating the property at 5937 Collins Avenue, he said. It’s expected to open in the first quarter of 2020. The Peebles Corp. is self-financing the project.
The invitation-only membership will include an initiation fee that Peebles declined to disclose, and annual membership in the $15,000 to $20,000 range. About 200 memberships will be available.
The new club will offer experiences like a series of cultural, political, business and lifestyle lectures; personal training, tennis lessons and spa treatments; indoor and outdoor dining; and a car service to shuttle nearby residents to and from the club. Members will have access to a 2,300-square-foot pool, two clay tennis courts, a spa and fitness center, workout classes, cooking classes and kids programming. It will also serve as an event venue, as it has in the past.
“I will play a big role in curating it. It won’t just be real estate developers, but people from all walks of life,” Peebles said.
Antrobus + Ramirez is handling the design, which will include colossal wood antique doors, vintage leather armchairs, Spanish tiled stairs and iron railings.
The Bath Club was once a private members club that catered to former President Herbert Hoover and prominent families such as the Firestones, Maytags and Honeywells.
Peebles purchased the property for about $10 million in 2000, and said he later bought out the club’s membership in 2012, closing it in 2014. The firm redeveloped a portion of the property into 107 condos and six oceanfront villas, which were completed in 2006. The original clubhouse buildings were preserved.
About two years ago, the Coral Gables-based developer planned to sell the 5-acre property, which includes the 15,000-square-foot club, built in 1937, a fitness center, commercial kitchen, cabanas and courtyard. Peebles hired Colliers International South Florida and Engel & Völkers with the expectation that it could sell for more than $25 million.
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