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CLIENT NEWS: Comras buys Lincoln Road retail portfolio for $140M, plans redevelopment

November 20, 2025

Michael Comras is planning a major renovation of a Lincoln Road portfolio his namesake firm acquired for $140 million. Comras declined to confirm the purchase price, which was provided to The Real Deal by a source familiar with the transaction. Miami Beach-based Comras Company bought 11 storefronts at 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane, a press release states. The firm financed the purchase with a $117 million loan from San Francisco-based Acore Capital. The seller,[...]

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CLIENT NEWS: Thousands of apartments may rise on old Miami Arena site

July 13, 2023

A vast and towering mixed-use residential development would give new life to the long-vacant former Miami Arena site in the heart of downtown. WG 700 NORTH MIAMI LLC, owner-developer of the property at 721 NW First Ave., plans a phased project to include up to 2,346 rental apartments, ground floor retail, amenities, and parking for about 2,078 cars. The design provides three separate towers above the eighth amenity level, with the maximum height 54 stories. The city’s Urban Development Review[...]

CLIENT NEWS: Level 50 Poured At Miami River Tower, Top Off Soon

July 11, 2023

At Chetrit Group’s The River District, the first tower has reached level 50 of construction, according to a social media post by contractor G.T. McDonald Enterprise. It has been just 13 months since the project went vertical, G.T. McDonald wrote. Top off is likely coming soon, with a total of 54 floors planned. The tower is planned to have a permanent of 648 feet. The first phase of construction will have 632 apartments, retail space, and a riverfront promenade open to[...]

CLIENT NEWS: Congress plans 380-unit rental tower in Miami Health District

July 11, 2023

Congress Group wants to build a 27-story apartment tower next to the Shops at Civica in the Miami Health District, marking a switch from a previous plan for medical offices on the site. The Boston-based firm wants to build a 380-unit project on 0.85 acres at 1050 Northwest 14th Street, the triangular-shaped parking lot immediately south of Shops at Civica, according to Congress CEO Dean Stratouly and property records. “The office market, not just here but across the country, is[...]

CLIENT NEWS: Lionstone, Flag, Ben-Josef plan condo project between their South Beach hotels

July 6, 2023

The three families that own the Sagamore Hotel and adjacent Ritz-Carlton, South Beach propose a 15-story condominium on a portion of their hotels’ lots, as part of a larger aim to breathe life into a two-block stretch of Lincoln Road. The Lowensteins’ Lionstone Development, the Kanavos family’s Flag Luxury Group and the Ben-Josefs’ Ben-Josef Group want to build the 30-unit building behind the Sagamore at 1617 Collins Avenue and cantilever it over part of the Ritz-Carlton lot at 1 Lincoln[...]

CLIENT NEWS: Cornerstone affiliate buys Little Havana dev site for $15M

July 6, 2023

Brookstone Partners, an affiliate of The Cornerstone Group, paid $15 million for a Little Havana development site approved for a mixed-use project. Brookstone, led by Cornerstone principals Leon Wolfe and Jorge Lopez, acquired the 2.4-acre assemblage at 805 to 861 West Flagler Street and 826 to 860 Northwest First Street, according to records and Vizzda. The deal includes two signed leases with Aldi and Ross Dress For Less to anchor the retail component of the proposed development, which was previously[...]