CLIENT NEWS: A Miami Beach hospital is expanding across the bay. What to know about health center.

April 3, 2025

Mount Sinai Medical Center plans to open a new freestanding ER, followed by a full-serve hospital and doctors’ offices, in a Miami-Dade community that’s home to more than 50,000 people. Construction of the four-story medical center is underway just off Southwest Eighth Street near the Palmetto Expressway in Westchester, a mostly residential neighborhood filled with homes, schools, parks and businesses. This will be Mount Sinai’s second hospital in South Florida. “We want to serve our patients the best we can[...]

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CLIENT NEWS: Miami Beach’s vanished, iconic Deauville Hotel is poised for an ‘even better’ return

March 24, 2025

The improbable return of Miami Beach’s iconic Deauville Hotel, demolished by implosion in 2022, has come one big step closer to becoming reality. And for North Beach residents and preservationists still reeling from the loss of the historic MiMo hotel, best known as a launching pad to fame for the Beatles, it’s like they can’t believe their luck. In a public hearing that might well be described as a love fest, Beach residents and city commissioners ardently embraced an unusually[...]

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CLIENT NEWS: Baron scores $206M construction loan for 661-unit apartment project in Hialeah

March 24, 2025

Baron Property Group scored a $206 million construction loan for the Metro Parc North apartment project in Hialeah. The New York-based firm is building the eight-story building with 661 units at 901 East 26th Street, according to a Baron news release. Construction started last month, and is expected to be completed in late 2027. Stamford, Connecticut-based Post Road Group is the lender, the release says. Ayush Kapahi of HKS Real Estate Advisors represented the borrower and lender. Designed by Modis[...]

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CLIENT NEWS: Miami Beach commission grants initial approval of Deauville redevelopment

March 24, 2025

Miami Beach commissioners approved land use changes that will allow the Meruelo family and David Martin’s Terra to build a larger project on the oceanfront property that was previously home to the Deauville Beach Resort. The commission on Wednesday evening voted six to 1, with commissioner David Suarez casting the sole ‘no’ vote, on first reading to approve two amendments that would apply to the 3.8-acre oceanfront property at 6701 Collins Avenue in North Beach. Mayor Steven Meiner and commissioners[...]

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CLIENT NEWS: Ritz Carlton South Beach condo launches sales at $4.25 million

March 19, 2025

Developers have launched sales for a future 15-story Ritz-Carlton that will rise behind the historic Sagamore Hotel in South Beach. Prices for the 30 units that will be built at the Ritz-Carlton Residences, South Beach will start at $4.25 million "with the potential to reach $125 million for a combined purchase of two penthouses," said a release issued by developer Flag Luxury Group and owner Sobe Sky Development. Each of the one- to five-bedroom residences offers up to 8,104 square[...]

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CLIENT NEWS: Adam Neumann’s Flow nabs $51M loan for $71M El Portal site purchase, partners with Canada Global on mixed-use development

March 19, 2025

Adam Neumann’s Flow nabbed a $51 million acquisition loan and is partnering with Canada Global for a planned mixed-use project on an El Portal development site. New York-based Ladder Capital provided the mortgage to a Delaware entity with ties to Flow that paid $71.5 million for a 16-acre former trailer park at 8500 Biscayne Boulevard, records show. Canada Global, an Israeli real estate firm led by Assaf Tuchmair and Barak Rosen, came on board as a majority partner shortly after[...]

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