CLIENT NEWS: Michael Stern, David Martin buy Miami Beach development site, Bikini Hostel property for $120M

September 18, 2025

Developer Michael Stern’s JDS and David Martin’s Terra bought the development site for a planned waterfront condo tower in Miami Beach for roughly $120 million, The Real Deal has learned. The developers completed the bulk purchase of Bay Garden Manor at 1250 West Avenue, according to sources. Martin took an interest in the deal in late July. Stern’s other partners include Gianluca Vacchi’s GV Development and RG Development. The price includes the bulk condo purchase and the Bikini Hostel property[...]

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CLIENT NEWS: Miami Beach goes shopping for $6.5 million oceanfront house

February 23, 2024

Miami Beach is to buy a single-family home for $6.5 million. The site at 7605 Collins Ave. is surrounded by city-owned land on three sides and is the missing piece needed to complete a city-owned oceanfront block with no use yet decided. The city commission discussed its decision to buy the property this month and is act again to finalize the buy. “We’ll direct the administration to work on the purchase of the property and send the contract and the[...]

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CLIENT NEWS: Developers Propose Miami-Dade Mixed-Use Project with 5,000 Apartments

February 13, 2024

Plans for one of Miami’s largest ever developments have been revealed as part of a bid for county property in the Little River and Little Haiti area, according to the Herald. Swerdlow Group is partnering on the bid with AJ Capital Partners, which controls 27 acres in the area. Four Miami-Dade public housing projects, including Victory Homes and New Haven Gardens, would be redeveloped along with the private property (the proposal is in response to a county RFP for the[...]

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CLIENT NEWS: Swerdlow proposes $3B project with 5k affordable apartments in Miami

February 13, 2024

Swerdlow Group is proposing a massive, mixed-use public housing project spanning 65 acres along Miami’s Little River and Little Haiti neighborhoods. The development could cost $2.6 billion and create nearly 5,000 workforce and affordable housing units. Coconut Grove-based Swerdlow Group responded to Miami-Dade County’s request for proposals to redevelop and expand four public housing projects, according to the Miami Herald. The entire project would include private land and would be mostly privately financed. It could take nearly a decade to[...]

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CLIENT NEWS: Massive Miami makeover? 5,000 affordable apartments proposed for aging industrial area

February 13, 2024

A gargantuan redevelopment proposal by a prominent Miami developer would dramatically reshape a nearly mile-long stretch of the city’s Little River and Little Haiti neighborhoods, bringing big-box stores, a new Tri-Rail station and nearly 5,000 affordable and workforce apartments to a hardscrabble area in dire need of new housing and jobs but leery of gentrification. Unlike much of the redevelopment now enveloping Miami, which is focused on high-income people and luxury apartments, the plan spearheaded by Coconut Grove-based developer Swerdlow[...]

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CLIENT NEWS: Construction Continues To Progress At 645-Foot Miami River Tower In Brickell

February 8, 2024

Glass railing installation is now nearly complete at the 54-story Miami River apartment tower under construction in Brickell, according to photos by Phillip Pessar. The 645-foot tower topped off last summer, becoming the westernmost tower in Miami to surpass the 600 foot mark. The Miami River tower will have 632 apartments. The first phase under construction also includes retail space, and a riverfront promenade open to the public. There are multiple other phases planned at the development, which is known as[...]

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