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CLIENT NEWS: Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units

March 12, 2025

Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow Group’s project also will include 370,000 square feet of commercial space such as offices and a school; 250,000 square feet of open space and amenities and a new Tri-Rail passenger train station, according to Miami-Dade records. The project would replace the existing public housing complexes of Victory Homes at 520 Northwest 75th Street, Newberg at[...]

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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,[...]

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[...]

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[...]

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[...]

CLIENT NEWS: Aimco Says Construction Will Begin In 2023 On 1M SF Mixed-Use Edgewater Project

May 19, 2022

A major project is expected to begin construction in Edgewater in 2023, developer Aimco told investors. The construction start date was revealed last week in the company’s first quarter financial results. Aimco has a 20% stake in the project, and will serve as the project’s development manager. The company said it contributed an eighth of an acre of land purchased for $1.7 million in January 2022 to the joint venture. The new project will serve as the gateway to Aimco’s[...]