Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with a spec mansion asking $300 million. Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife Suzanne sold the 2.3-acre estate at 5940 North Bay Road. The deal, in the works for about six months, closed on Monday, Glaser said. Glaser’s investor and partner, Jarrett and Sean Posner’s firm, financed the purchase.[...]
Read MoreA developer has submitted an unsolicited proposal to replace a municipal parking lot in South Beach with a mixed-use structure. Location Ventures, LLC is proposing to build a project at 1262 Collins Avenue with the following: 169 parking spaces 8,167 square feet of ground floor retail 8,524 square feet of Class A office space The maximum height of the new garage will be 75 feet. Borges is the architect. Currently, there is a 60-space parking lot on the site bringing[...]
Read MoreBercow Radell Fernandez Larkin & Tapanes is honored to announce that partner Dan Espino was awarded with the South Florida Hispanic Chamber of Commerce (SFHCC) South Florida Legal Award. Founded over 25 years ago, the SFLHCC is an organization that aims to provide opportunities in commerce to the Hispanic population by promoting business leadership, creating economic prospects and providing legislative advocacy for the Hispanic business community in South Florida. The SFLHCC is an association with more than 1,200 members throughout[...]
Read MoreA New York-based developer is diving into the Miami Worldcenter building boom with plans for two residential towers on a site the seller had proposed for a multifamily, retail and co-working mixed-use project. In a $40.5 million deal, Naftali Group, led by Chairman and CEO Miki Naftali, and its partner, Cara Real Estate Management, acquired the 44,500-square-foot property at 1016 Northeast Second Avenue, according to a press release. The seller is Chicago-based Akara Partners. Mika Mattingly with Colliers represented the[...]
Read MoreIf Miami Beach residents approve, two development projects would convert three parking lots off Lincoln Road into apartments, plus office and retail space. The city-approved plans are part of a larger effort to diversify the community’s economy amid South Florida’s migration of professionals working largely for tech and financial services companies. Miami Beach voters will decide in either August or November whether the city should enter into public-private partnerships with two development teams, said Miami Beach Commissioner Ricky Arriola, sponsor[...]
Read MoreThe developer planning the massive Casa Forma complex designed by architect Rafael Viñoly has released new details of the project in an application for a zoning hearing, as it continues to move through the approval process. A request for a zoning hearing was filed with Miami-Dade County on March 10, and documents relating to the filing were submitted on March 14. According to the new filing, Casa Forma will include: 1,441 residential units 143,328 square feet of office 7,959 square[...]
Read More