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: Russell Galbut scores approval for Art Deco hotel renovation

October 21, 2022

Russell Galbut’s Crescent Heights can move ahead with plans to build two additional floors at the Regent Hotel, one of two Art Deco buildings that make up the Gale Miami Beach. The Miami Beach Preservation Board on Monday approved a Galbut affiliate’s request to demolish the rooftop pool and deck of the two-story Regent that is adjacent to the three-story Gale Hotel at 1690 Collins Avenue. The two new floors would house 12 new guest rooms and four meeting rooms, as[...]

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CLIENT NEWS: Jeffrey Soffer’s Fontainebleau Miami Beach Getting New Event Center

October 18, 2022

In an effort to boost business conference bookings at Fontainebleau Miami Beach, Jeffrey Soffer’s firm has begun construction on a new five-story event center on a former surface parking lot adjacent to his iconic oceanfront resort. The 50,000-square-foot building at 4360 and 4370 Collins Avenue will connect to the historic hotel’s Tresor Tower via a new sky bridge, and have an underground garage that will include employee parking, Fontainebleau Development President Bret Mufson said via email. The growing number of[...]

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CLIENT NEWS: 888 Brickell Supertall Developer Files Revisions; New Rendering Released

October 11, 2022

JDS Development Group has filed revised plans with Miami-Dade County for the 888 Brickell tower. The tower is still planned to rise to a supertall height of exactly 1,049 feet, the maximum permitted in the area. With the revisions, 888 Brickell is now planned to include: 259 residential units 52,144 square feet of health/fitness 38,727 square feet of food and beverage space approximately 273 parking spaces Studio Sofield remains the building designer, with ODP listed as the architect of record.[...]

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CLIENT NEWS: Miami River Project In Brickell Increasing Size To Nearly 2K Apartments

October 6, 2022

Miami River’s developer has just signed an agreement with Miami Dade’s Water and Sewer Department, in a deal that will see more apartments than originally planned. According to the September 27 addendum to the original utilities agreement, the Miami River Special Area Plan in Brickell will now include: 1,961 apartments 29,600 square feet of full service restaurant 40,000 square feet of office 120,020 square feet of retail 17 marina slips Meyer Chetrit signed the agreement on behalf of the developing[...]

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CLIENT NEWS: Eichner Launches Sales for Second La Baia Building in Bay Harbor Islands

October 5, 2022

Ian Bruce Eichner is launching sales for the second building in his waterfront La Baia Bay Harbor Islands condo project. The developer, who heads New York-based Continuum Company, kicked off sales for the eight-story, 57-unit La Baia North at 9481 East Bay Harbor Drive, with prices starting at $1.3 million, according to a press release. The building will offer two-, three- and four-bedroom floor plans, ranging between 1,400 square feet and 2,100 square feet. The largest units are asking $3.5[...]

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