Michael Comras is planning a major renovation of a Lincoln Road portfolio his namesake firm acquired for $140 million. Comras declined to confirm the purchase price, which was provided to The Real Deal by a source familiar with the transaction. Miami Beach-based Comras Company bought 11 storefronts at 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane, a press release states. The firm financed the purchase with a $117 million loan from San Francisco-based Acore Capital. The seller,[...]
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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[...]
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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[...]
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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[...]
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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[...]
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The Legal 500, widely acknowledged as the world’s largest legal referral guide, has recognized Bercow Radell Fernandez & Larkin as a “Leading Firm” in Real Estate – Land Use/Zoning in its 2019 Directory. Managing Partner Jeffrey Bercow was named a “Leading Lawyer” and recognized in the publication’s “Hall of Fame,” which highlights individuals who have received constant praise by their clients for continued excellence. There are only two members nationally in the Hall of Fame in Land Use/Zoning law. This[...]
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