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CLIENT NEWS: Michael Stern, David Martin buy Miami Beach development site, Bikini Hostel property for $120M

September 18, 2025

Developer Michael Stern’s JDS and David Martin’s Terra bought the development site for a planned waterfront condo tower in Miami Beach for roughly $120 million, The Real Deal has learned. The developers completed the bulk purchase of Bay Garden Manor at 1250 West Avenue, according to sources. Martin took an interest in the deal in late July. Stern’s other partners include Gianluca Vacchi’s GV Development and RG Development. The price includes the bulk condo purchase and the Bikini Hostel property[...]

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CLIENT NEWS: Dezer sells North Miami Beach properties to Ari Pearl and partners for $31M

May 3, 2022

Dezer Development sold an assemblage in North Miami Beach for $31.1 million to a partnership led by Ari Pearl. Dezer sold properties anchored by Nova Southeastern University’s former North Miami Beach campus at 1750 Northeast 167th Street to Pearl, Matt Press of EquiShares and Isaac Khabie of ARK Ventures, according to sources. The buyers plan to build an apartment project on the 8.3-acre assemblage, as multifamily developers continue to bet on South Florida’s rising rents and demand for new apartments.[...]

CLIENT NEWS: Moishe Mana spent $500 million on Miami’s Flagler Street. Can he make his vision reality?

April 25, 2022

On a warm weekday afternoon, billionaire immigrant entrepreneur Moishe Mana, who took control of much of downtown Miami’s tattered Flagler Street district in an eight-year $500 million buying spree, arrives to tour the first of his 70 properties to go into construction — the grandly named Nikola Tesla Innovation Hub — in soft Louis Vuitton loafers, no socks. Mana, who is meeting a reporter and photographer, comes trailing his in-house communications director, a public relations consultant and his own videographer[...]

CLIENT NEWS: Major Food Group, developer detail plan for Miami skyscraper

April 25, 2022

JDS Development Group and Major Food Group have filed detailed plans for a Miami condo that could become the tallest building in Florida. It was first announced in December that The Major would rise 1,049 feet with 259 condos and an assortment of restaurants at 888 Brickell Ave. Recently, 888 Brickell Owner LLC, owned by JDS Development's Michael Stern, filed both zoning and pre-application documents with Miami-Dade County officials that reveal more details on the 82-story project. In addition to the 259 condos,[...]

CLIENT NEWS: Clara Homes wins approval for 28-unit first phase of luxury rentals in Bay Harbor Islands

April 21, 2022

Miami-based Clara Homes won approval for the 28-unit first phase of a luxury apartment project planned in Bay Harbor Islands. Construction of the six-story, 28-unit Clara Bay Harbor building will start by August, Clara Homes founder James Curnin told The Real Deal. It will be the first of three planned buildings with a total of 150 apartments. The first phase is expected to open in the summer of 2023 on a development site at 10281 West Bay Harbor Drive, within[...]

CLIENT NEWS: Foundation Pour, Vertical Construction Underway At Block 55

April 14, 2022

The large mixed-use Overtown project known as Block 55 has had a foundation pour. Vertical construction is underway, with several cranes now installed. FAA records show that several cranes were recently approved for the site. There will be a total of four cranes installed, according to a social media post by John Longarini. Photos by Ryan RC Rea last month show that two of the cranes have already been installed. The foundation pour took place in recent days, Longarini wrote.[...]