Robert Rivani’s Black Lion hunted down its biggest purchase in South Florida to date, but will have to compete with other heavy hitter developers in Miami Beach’s office market. The Miami-based commercial real estate investment firm paid $62.5 million for a Miami Beach mixed-use building, The Real Deal has learned. Black Lion is paying at a 42 percent discount off the previous sale price seven years ago. Black Lion acquired the ground lease for The Lincoln, a six-story building with[...]
Read MoreThe developer of the Miami River project has applied for a construction permit for the first building at the complex. The application was applied for on May 19, and the full plans were accepted by the city on June 24. According to the application, the tower will include: 632 residential units, spread over 1,164,143 square feet of space 12,305 square feet of retail on the ground floor The tower will rise 54 stories, or 643 feet. Total hard construction cost[...]
Read MoreIn late April, the Hialeah City Council gave initial approval to a plan to ban hourly hotel and motel rentals, a change with the potential to transform an Okeechobee Road corridor teeming with adults-only motels that some city officials say are hotbeds for criminal activity. But since then, lobbyists and owners for the motels — which are notorious for their romance-themed rooms and private garage entrances ostensibly designed for one-night flings — have succeeded in softening the council’s stance, working with the city on[...]
Read MoreAmid mounting fines from the city and complaints from neighbors, the new Goodtime Hotel in South Beach said it will overhaul its sound system to keep loud music from disturbing residents across Washington Avenue. The hotel, which opened in mid-April at 601 Washington Ave., has received seven citations from the city and more than two dozen complaints due to the loud music coming from the property, which regularly hosts DJ performances on its pool deck. The hotel operators, including local[...]
Read MoreMiami, June 10, 2021- Bercow Radell Fernandez Larkin & Tapanes is pleased to announce Dan Espino has joined the zoning, land use, and environmental law firm as a Partner. Espino is an experienced government law attorney with years of practice in both the public and private sector bringing with him a unique understanding of our firm expertise. Before joining the firm, Dan spent a decade representing municipalities as City Attorney. Dan served as the City Attorney for the City of[...]
Read MoreDeveloper Aria Mehrabi’s future 12-story mixed-use project will now include a pharmacy, in spite of a recommendation from Miami Beach’s planning department to reject the request, due to its proximity to another drugstore. By a vote of 6 to 0, Miami Beach’s Zoning Board of Adjustments on Friday approved variances that will enable a CVS pharmacy to operate within a 30,000-square-foot Target store on the ground floor of Mehrabi’s tower at 6948 Abbott Avenue. The project will include 170 residential units, a[...]
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