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CLIENT NEWS: Lincoln Road landlords and brokers stage a comeback

November 18, 2025

Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands downsized and the street lost its energy.” Sherman, who was among the landlords steering the Lincoln Road Business Improvement District in the 2010s, returned to[...]

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CLIENT NEWS: Splish, splash! Jeffrey Soffer’s Fontainebleau Miami Beach water park plan faces historic preservation vote

November 18, 2025

Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort could splash into approval — or denial — by a key city board next week. The Miami Beach Historic Preservation Board is set to vote on Tuesday on the planned redevelopment of the 1,504-room oceanfront hotel’s outdoor pool area. The waterpark would be open to the public for yet undetermined fees. The property is at 4441 Collins Avenue. An affiliate of Soffer’s Aventura-based Fontainebleau Development is[...]

CLIENT NEWS: Miami-Dade to consider no-bid deals for Swerdlow, Pinnacle to redevelop public housing complexes

November 18, 2025

Swerdlow Group and Pinnacle propose separate projects to redevelop six public housing complexes in Miami-Dade County with more than 1,000 below-market rate apartments and for-sale homes. The pair are the latest to file plans to Miami-Dade through the federal Rental Assistance Demonstration program, which allows municipalities and counties to redevelop and modernize aging public housing. The Miami-Dade housing committee will vote on Wednesday whether to proceed with working with Swerdlow and Pinnacle, including negotiating leases with the developers for the[...]

CLIENT NEWS: Cornerstone, Brookstone propose 354-unit multifamily project in Little Havana

November 18, 2025

The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily tower in Miami’s Little Havana neighborhood, amid an apartment building frenzy in South Florida. Cornerstone and Brookstone, both based in Hollywood, want to develop an eight-story building with a 5,000-square-foot grocery store on a 2.4-acre site on the northwest corner of Northwest Eighth Avenue and West Flagler Street, according to an application attached to a Miami board’s agenda. The assemblage is at 826, 834, 842, 852 and 860 Northwest First[...]

CLIENT NEWS: Billionaire’s $20 million gift kickstarts Vizcaya expansion

November 13, 2025

As the landmark, publicly owned Vizcaya Museum and Gardens starts work on an extensive, long-planned restoration and enhancement of the estate’s historic farm village, the initiative has lured a large gift from billionaire Ken Griffin — and a surprising proposition from the financier that’s sure to draw significant scrutiny. On Friday, Vizcaya’s leaders are set to unveil a revised, detailed master plan for a revamped farm village along with a $20 million donation to the project from Griffin, the founder[...]

CLIENT NEWS: Miami Beach approves 2 rooftop padel facilities

November 13, 2025

Miami Beach residents can look forward to expanded padel offerings. At its Sept. 17 meeting, the City Commission approved two separate measures to build a total of up to 20 padel courts on the roof level of two public parking garages. The first project is on the roof of the G5 Parking Garage at 640 17th St., next to Lincoln Road. An affiliate of Coral Gables-based Padel X will lease 39,000 square feet there for 10 covered and climate-controlled padel[...]