Commercial real estate investor Robert Rivani paid $23 million for a waterfront Miami Beach mansion, The Real Deal has learned. Rivani, who leads his Miami-based firm Rivani, formerly called Black Lion, plans to spend millions of dollars to renovate the 9,200-square-foot mansion at 16 Palm Avenue, according to sources. Rivani lives in Miami’s Morningside and purchased the home as an investment. The seller is Tom Sullivan, the founder and CEO of Lawrenceburg, Tennessee-based Lumber Liquidators, records show. Sullivan inked the[...]
Read More
The developers of Link at Douglas scored a $47 million loan to build the transit-oriented, mixed-use project near Coral Gables. Adler Group and 13th Floor Investments secured the loan from TD Bank to build the development’s first tower, which will have 312 apartments and 6,000 square feet of retail, according to a press release. The 22-story tower was designed by Corwil Architects. Link at Douglas will be built in phases over the next five years. It will have a total of[...]
Read More
All that’s left now: the aesthetic minutiae and the permits. Arquitectonica’s design for the 185-foot-tall, 800-room, $362 million Miami Beach Convention Center Hotel was unanimously approved by the Miami Beach Design Review Board on Tuesday. The hotel development team, led by developers David Martin of Terra and Jackie Soffer of Turnberry Associates, will still need to return to the city’s planning department to hash out details that include the look of balcony railings and privacy barriers, as well as the appearance[...]
Read More
Miami’s first and only seaplane base might be in line for a major facelift after settling a seven-year legal battle with the city, its landlord on Watson Island. The proposal has been moving forward since the operator and the Miami Sports and Exhibition Authority, which leases the 2.9-acre property, ended their legal dispute in 2014 with a new lease spelling out redevelopment parameters. Nautilus Enterprises LLC wants to build a 44,838-square-foot terminal and a 3,600-square-foot hangar and add 51 parking spaces. The[...]
Read More
It takes one developer to start a trend. More than a month since real estate investor Sam Herzberg unveiled a possible transformation of the Sterling Building on Lincoln Road into a hotel, a second property owner wants to do the same to the Lincoln Center, an apartment building with a ground-floor retail annex at 1637 Euclid Avenue. Monika Entin, an attorney representing Lincoln Center Associates, offered details about her client’s concept to build a multistory hotel addition to the existing[...]
Read More
Congratulations to a number of our clients, who were recognized during the Miami Chamber of Commerce’s 7th Annual Better Beach Awards, held a few weeks ago at the Faena Forum. In the Historic Preservation category for commercial buildings, The Greystone Hotel won Gold while 818 Lincoln Road received a Silver award. For residential historic preservation, a Gold award was given to 1200 Ocean Drive. The Celino was chosen[...]
Read More