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CLIENT NEWS: Celebrity-favorite restaurant from Dubai coming to Miami Beach

December 11, 2024

Gaia, a globally renowned Greek-Mediterranean dining destination from Dubai, is set to debut its first U.S. location in Miami Beach’s South of Fifth community come summer 2025. Conceptualized by British-Nigerian Chef Izu Ani and hospitality entrepreneur Evgeny Kuzin, the restaurant is a flagship of Fundamental Hospitality, with existing locations in Dubai, London, Qatar, Monte-Carlo and Marbella. The upscale eatery, which is named after the Greek goddess of the earth, will open on the ground floor of the Marea Condominium, 801[...]

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CLIENT NEWS: Two Cranes Now Installed At Construction Site of 54-Story Miami River Tower

June 6, 2022

Vertical construction is now set to begin at a Brickell property where the 54-story Miami River tower is planned. The newly installed cranes are eventually planned to rise 760 feet above ground, according to a filing with the FAA. The Miami River phase 1 tower itself is planned to top off with a permanent height of 640 feet above ground, making it the only tower to surpass the 600-foot mark this far west in Miami. The first phase of Miami[...]

CLIENT NEWS: Miami-Dade commission delays UDB vote again. Developers win more time to make case

June 2, 2022

Miami-Dade County commissioners again postponed a final vote on expanding the Urban Development Boundary for an 800-acre industrial complex on farmland near Biscayne Bay, as developers maneuvered Wednesday to secure the needed political support for a change environmental groups are fighting. This was the second deferral developers secured in two weeks, after a May 19 meeting where they failed to win the nine commission votes needed to move the line that serves as a boundary separating rural areas from more[...]

CLIENT NEWS: ‘Remarkable’ 90-Story Major Supertall Condo-Hotel In Brickell Will Have Miami’s Only Silver & Gold Pool

May 31, 2022

New over-the-top details of the Major supertall tower planned in Brickell have been released as the developer prepares to launch sales. Here’s a look at some of the key newly released points: Major will have a silver and gold pool. “I want to celebrate this sexy City with an indulgent swim in the only silver and gold pool in Miami,” said tower designer William Sofield of Studio Sofield. The porte cochere will be trimmed in gold leaf and clad in[...]

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,[...]

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,[...]