CLIENT NEWS: Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units

March 12, 2025

Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow Group’s project also will include 370,000 square feet of commercial space such as offices and a school; 250,000 square feet of open space and amenities and a new Tri-Rail passenger train station, according to Miami-Dade records. The project would replace the existing public housing complexes of Victory Homes at 520 Northwest 75th Street, Newberg at[...]

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CLIENT NEWS: Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall

April 29, 2024

As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami. Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel tower, property records show. A company tied to Grupo Mezerhane, led by Mashud Mezzerhane, sold the site, according to records and real estate database Vizzda. New York-based JDS has been in contract for years to acquire[...]

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CLIENT NEWS: Homestead Will See Construction of 1,100 Unit Mixed-Use Development

April 26, 2024

The Homestead Commission is discussing a large development which will be known as Sandero Landing. This is set to have 1,100 units, along with restaurants and stores. The development will be located on 90 acres of land. The project in question will be built on 90 acres on South 328th Street. The goal is to create a place where many people can live, work and play. There will be office spaces designed for people who live in the apartments. People[...]

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CLIENT NEWS: Brickell tower slated for Dolce & Gabbana condo/hotel sold to project’s developer

April 26, 2024

A 52-year-old office building in Miami's Brickell Financial District was sold to the developer who plans to replace it with a Dolce & Gabbana-branded tower. The 888 Brickell Ave. building, on 0.52 acres, was acquired by a subsidiary of Michael Stern's JDS Development Group on April 23 for $61.23 million, according to a report from Vizzda, a Tempe, Arizona-based real estate data provider. The seller was Alphatur Inc.. headed by Mashud A. Mezerhane, which acquired the building for $6.3 million[...]

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CLIENT NEWS: Robert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building

April 23, 2024

Robert Rivani’s Black Lion hunted down its biggest purchase in South Florida to date, but will have to compete with other heavy hitter developers in Miami Beach’s office market. The Miami-based commercial real estate investment firm paid $62.5 million for a Miami Beach mixed-use building, The Real Deal has learned. Black Lion is paying at a 42 percent discount off the previous sale price seven years ago. Black Lion acquired the ground lease for The Lincoln, a six-story building with[...]

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CLIENT NEWS: Terra’s David Martin buys stake in Deauville Miami Beach site, plans reconstruction

April 23, 2024

Developer David Martin acquired a minority stake in the site of the former Deauville Beach Resort, a property that billionaire developer Stephen Ross had under contract two years ago. Deauville Associates, led by the Meruelo family, sold a 25 percent interest in the 3.8-acre oceanfront property at 6701 Collins Avenue in Miami Beach for $12.5 million. TMG 67 Communities LLC, a company tied to Martin’s Coconut Grove-based Terra, purchased the stake, records show. A spokesperson for Terra said the firm[...]

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