A star-studded group that includes billionaire developer Barry Sternlicht, architect Bjarke Ingels and hospitality CEO Miguel Isla Esteve secured approval to expand and renovate the Standard Spa, Miami Beach. Sternlicht, Ingles, Isla Esteve, Anthonio de la Rúa and Sebastian Sas are leading the redevelopment of the waterfront Venetian Islands hotel at 40 Island Avenue in Miami Beach. On Tuesday, the Miami Beach Design Review Board unanimously granted variances and a waiver that will allow the project to move forward. The[...]
Read MoreThe Nice Guy, a mafia bar-inspired restaurant from Los Angeles, may open a new location in Miami Beach. Members of the Miami Beach Historic Preservation Board will discuss the restaurant’s submitted land use application, letter of intent and architectural plan on Oct. 8, according to the group’s agenda. Michael Larkin, an attorney and shareholder of the Miami-based zoning and land use law firm, Bercow Radell Fernandez Larkin + Tapanes, is representing The Nice Guy’s hospitality parent, The H.wood Group. The[...]
Read MoreA Miami Beach board gave Robert Rivani’s Black Lion the green light to revamp the exterior of a mixed-use building off Lincoln Road. Earlier this month, the Miami Beach Design Review Board unanimously approved the planned renovation of the building at 1691 Michigan Avenue and its garage facades. Miami-based Black Lion is giving the six-story structure, which is being renamed The Rivani, a $50 million interior and exterior makeover. The property has 43,166 square feet of ground-floor retail and 118,658[...]
Read MoreSwerdlow Group is advancing plans for a massive project in Little River, according to Multi-Housing News. The development will include approximately 7,500 residential units, with a mix of affordable, workforce and market-rate housing. The affordable units will be higher end and look like market rate apartments, similar to Swerdlow’s recently completed Sawyer’s Walk, the developer told Commercial Observer. Units there each have floor to ceiling windows and washer/dryer units. The Little River development will also have 602,562 square feet of[...]
Read MoreThe retail space at the base of the Decoplage condo on Lincoln Road in South Beach sold for $17.32 million after it was seized in foreclosure last year. Lincoln Holdings 100 LLC, an affiliate of Dover, Delaware-based LoanCore Capital, sold the 13,480 square feet of retail at 100 Lincoln Road, Units CU-1, CU-2, CU-39 and CU-40. The buyer was 100 Lincoln Road LLC, care of Beverly Hills, California-based Algo Yoga. Property data firm Vizzda confirmed the buyer and seller information.[...]
Read MoreAlo Yoga founders Danny Harris and Marco DeGeorge expanded their retail portfolio by acquiring a South Beach condominium’s ground-floor retail space. An entity managed by Delaware corporations tied to Harris and DeGeorge, co-CEOs of Beverly Hills-based Alo Yoga, paid $17.3 million for four commercial units on the first floor of The Decoplage, a 16-story condominium at 100 Lincoln Road in Miami Beach, records and real estate database Vizzda show. The building was completed in 1965. Harris did not immediately respond[...]
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