CLIENT NEWS: Michael Stern’s tower site deemed brownfield, paving way for tax breaks

April 12, 2021

The site of Michael Stern’s planned 62-story One Southside project in Brickell is officially a brownfield. The Miami City Commission unanimously approved a resolution on Wednesday that designates the 1.5 acres as a brownfield due to elevated levels of arsenic. The neighboring 67,000-square foot Southside Park was declared a brownfield in 2014. The designation will allow Stern, founder of New York-based JDS Development, to pursue state tax credits as well as grants from the federal Environmental Protection Agency to remove any[...]

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CLIENT NEWS: JDS Development assembles land for Brickell project with $23M in deals

December 17, 2020

JDS Development Group moved a step closer to building a 2.48 million-square-foot project in Miami’s Brickell after purchasing properties for $23 million. Led by Michael Stern, New York-based JDS Development Group executed two transactions through affiliate 191 SW 12 Owner LLC. They cover part of the land needed for its 1 Southside Park project. In the bigger deal, CS Brickell LLC, an affiliate of Choice Hotels, sold the 22,500-square-foot property at 145, 155 and 165 S.W. 12th St. for $14 million. The[...]

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Associate Emily Balter Recognized by Cuban American Bar Association

December 14, 2020

We are immensely proud of Associate Attorney, Emily Balter, who was recently recognized as the Cuban American Bar Association’s Young Lawyer Member of the Year.  Emily applied her time and resources this year to further the organization’s mission and goals on the CLE Committee and AIT: Uncorked Event Planning Committee. Congratulations, Emily and the 2020 Honorees!

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CLIENT NEWS: Alta Developers begins closings at Quadro at Design District

December 7, 2020

A year after completing a residential project near the Miami Design District, Alta Developers started recording closings at Quadro. The firm, led by principal and CEO Raimundo Onetto, originally planned the 198-unit, 12-story development as a rental tower, then changed course and launched sales earlier this year as a condo project offering long-term and short-term leases. Plans for the building at 3900 Biscayne Boulevard were first announced in 2016. Onetto said in a press release that the move-in ready units are “incredibly desirable” and[...]

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CLIENT NEWS: Miami Beach condo project moves forward after developer cuts height by one-third

November 30, 2020

Miami Beach has approved plans for a luxury condo just east of 41st Street after the developer reduced the height by more than a third. The Miami Beach City Commission has approved Mast Capital’s plan to develop the 2.3-acre site at 4000 Alton Road into a luxury condo with maximum height of 85 feet and 175 units. The city’s planning board last summer rejected plans for at 140-foot tower at the site because of its proximity to a single-family neighborhood. The site[...]

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CLIENT NEWS: Embattled Sixty Sixty condo-hotel’s units in Miami Beach sell for $15M

November 16, 2020

Integra intends to buy all 82 units of a Miami Beach condo-hotel that was once the subject of a fierce foreclosure battle, already spending $15 million for about 80 units. Miami-based Integra has partnered with Sagar Desai, principal of Miami-based Activate Hospitality, to put together a business plan for the Sixty Sixty hotel at 6060 Indian Creek Drive, principal Victor Ballestas told The Real Deal. The partnership is still deciding if the hotel will partner with a brand to make improvements[...]

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