Mikael Hamaoui’s Riviera Horizons is set to launch sales this spring of a Pagani-branded North Bay Village condo project. The planned 28-story, 70-unit Pagani Residences is the first ever condo development for the Italian hypercar brand, according to a press release. It marks the latest addition to the slew of branded residences in development across South Florida, and the first such project in North Bay Village. A number of South Florida’s branded projects bear luxury car logos, including Porsche Design Tower, developed by Gil[...]
Read MoreRonny Finvarb and Joseph Chetrit paid $15.5 million for the Miami Beach Macy’s store off Lincoln Road, one of the oldest retail buildings in the city. Sobe Park, An entity managed by Finvarb, principal of Bay Harbor Islands-based Finvarb Group, acquired the 96,610-square-foot department store at 1675 Meridian Avenue, according to Marcus & Millichap’s Scott Sandelin and Alejandro D’Alba, the brokers who worked on the deal. Chetrit is Finvarb’s partner on the purchase, D’Alba and Sandelin said. The brokers represented[...]
Read MoreMiami Beach residents voted in favor of zoning changes that could boost floor area ratio — or overall project size — of certain properties in the city. They also approved closing a loophole tied to the city’s vacation of public streets. Voters on Tuesday approved an increase in FAR to 2.6 from 2.0 for the Alton Road gateway area, which will allow Russell Galbut and David Martin of Terra to build a taller mixed-use project on the site of the[...]
Read MoreBercow Radell Fernandez Larkin & Tapanes is pleased to announce that Shareholders Jeffrey Bercow, Ben Fernandez, Michael Larkin and Partners Graham Penn and Daniel Espino were recognized in The Best Lawyers in America® 2023 edition. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. For the 19th year, co-founder and managing partner Jeffrey Bercow has been praised for his work in Environmental, Land Use and Zoning and Real[...]
Read MoreAnother tower at the Miami River complex is set to move to the permitting phase. Miami Building Department records show that a construction permit process was created for the second tower in May. It is not yet in review, with full plans still not submitted. The second tower will rise 54 stories or 648 feet, according to the construction permit filing. That is identical in height to the first tower now under construction. Tower 2 will include 468 residential units,[...]
Read MoreA lot on Normandy Isle in Miami Beach could be developed into workforce housing with micro units. The city’s Design Review Board on Sept. 6 will consider plans for the 25,771-square-foot site at 1960 Normandy Drive. Previously utilized by Atlantic Broadband, the site currently has a 4,377-square-foot industrial building that was constructed in 1971. Jakeal LLC, owned by Alan Waserstein of Miami Lakes-based LeaseFlorida, purchased the property for $2.2 million in 2019. Totaling 32,213 square feet in four stories, the project would[...]
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