CLIENT NEWS: Urbanspace’s Iconic NYC Holiday Market Is Coming To Miami This Winter

August 10, 2022

Exciting things keep happening in Miami, and winter will be no exception. This year, just in time for the holidays, Urbanspace's iconic New York City holiday market is making its first national expansion in Lincoln Road District in Miami Beach. Not only is the Magic City a great winter destination, this new holiday market will continue cementing Miami's reputation as an avant-garde city that doesn't stay behind. The Urbanspace Lincoln Road Holiday Market will promote the development of the Lincoln Road District by[...]

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CLIENT NEWS: Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project

May 31, 2022

A Finvarb Group joint venture can rev up construction on its Thompson Hotel-anchored mixed-use project in South Beach after obtaining $44.6 million in financing. Banesco USA provided a $22.3 million construction loan to the Finvarb Group affiliate that owns the vacant redevelopment site at 1685 Washington Avenue, records show. The 0.6-acre property is adjacent to Soundscape Park and the New World Symphony building designed by Frank Gehry. Finvarb Group, led by principal Ronny Finvarb, is partnering with Chahine Investment Group,[...]

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CLIENT NEWS: Thompson Hotel breaks ground on South Beach with $22M loan

May 27, 2022

After riding out the Covid-19 pandemic, Finvarb Group has broken ground on the Thompson Hotel in South Beach thanks to a $22.3 million construction loan. Coral Gables-based Banesco USA provided the mortgage to SoBe Center LLC, managed by Ronald J. Finvarb of Bay Harbor Islands-based Finvarb Group. Chahine Investment Corp., a family office managed by Agathe Chahine, is also a partner in the project. It covers the 30,000-square-foot site at 1685 Washington Ave., directly across from Soundscape Park and the New World Center,[...]

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CLIENT NEWS: JDS, Major Food Group to launch condo sales of Brickell skyscraper

May 26, 2022

Michael Stern’s JDS Development Group and Major Food Group are moving forward with their planned Brickell skyscraper. Condo sales of Major, a 259-unit tower planned for the site at 888 Brickell Avenue, are expected to begin this summer, with prices ranging from $1.6 million to $11 million, excluding penthouses, a spokesperson for JDS said. It will mark the first branded residential building for Major Food Group, a New York-based restaurant group that’s been expanding rapidly in South Florida. The 90-story, 1,049-foot-tall[...]

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CLIENT NEWS: First Look At Canopy Park In South Beach: ‘Rivals Public Spaces In The World’s Greatest Cities’

May 26, 2022

Canopy Park in South Beach is now officially complete, and developers of the project have revealed new details behind the design and sustainability features built in. The 3-acre public park was built and donated to the city by TCH 500 Alton, LLC, in exchange for zoning increases that allowed a 48-story tower to be built next door (that tower, known as Five Park, is under construction with completion scheduled for 2024). TCH 500 Alton is a partnership between developers David[...]

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CLIENT NEWS: North Miami Beach development site assembled for $14M

May 20, 2022

A developer assembled a North Miami Beach development site for $14.12 million, with plans to build a 28-story apartment project. In the bigger deal, NMBPlace LLC, managed by Victor F. Dante in North Miami Beach, sold the 1.59-acre site at 1959 N.E. 164th St. for $12.9 million to NMB Place Owner, in care of Baltimore, Maryland-based JSB Capital Group. The same entity paid $1.22 million to TFH Group, managed by Dante and Fena M. Brooks, for the 9,283-square-foot site at[...]

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