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CLIENT NEWS: Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking $300M

July 29, 2025

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.[...]

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FIRM IN THE NEWS: Mystery Miami proposal would hurt affordable housing, historic preservation, critics say

February 7, 2022

Someone in Miami’s city government wants to eviscerate a key parking break that’s credited with fostering development of lower-cost housing and the restoration of older and historic buildings — but who and why is shrouded in mystery. Like dozens of U.S. cities and states facing increasing traffic congestion and critical shortages of affordable housing, Miami has for several years allowed developers building downtown or in other neighborhoods abutting train and bus lines to reduce the amount of costly on-site parking[...]

CLIENT NEWS: D.R. Horton has Homestead Farmland Under Contract

February 3, 2022

D.R. Horton is seeking development approval for a swath of farmland in Homestead that it has under contract. The city’s Development Review Committee will consider the land use amendment, rezoning and site plan approval for the 8.6-acre site at the southwest corner of Southwest 320th Street/East Mowry Drive and Southwest 162nd Avenue on Feb. 15. It’s just west of Florida’s Turnpike. The Arlington, Texas-based homebuilder (NYSE: DHI) has the property under contract from the Jose L. Machado Jr. Trust in[...]

CLIENT NEWS: 3.4M-square-foot tower could rise at former Miami Arena site

February 3, 2022

The former home of the Miami Arena in downtown Miami could be developed into a 3.38 million-square-foot project with residential, offices and retail uses. WG 700 North Miami LLC, a partnership between New York-based Witkoff Organization and Chicago-based Monroe Capital, filed a municipal pre-application with Miami-Dade County officials for the 4.7-acre site at 700 N. Miami Ave. The developers are seeking feedback from county officials on several code variances before asking the city for approval. The project would have three[...]

CLIENT NEWS: Former Miami Arena Site Getting Three Towers Up To 57 Stories With ‘Vertical Greenery’

January 27, 2022

New details of a massive redevelopment of the former Miami Arena site in downtown Miami have been revealed. Developer Witkoff filed a municipal pre-application with Miami-Dade County planners for the project earlier this month. Yesterday, attorneys for the developer sent a Letter of Intent to the county with details on both the plans and waivers being requested. There will be a total of three separate tower structures rising above the eighth floor amenity level, rising a maximum of 57 stories[...]

CLIENT NEWS: Long-stalled, controversial Little Haiti project heads to Miami commission vote

January 26, 2022

A long-stalled, controversial mixed-use project that would replace a 512-unit multifamily community in Miami’s Little Haiti neighborhood is headed for a commission vote. Sabal Palm Village at Flagler Trail is proposed to span 5.9 million square feet across 22 acres, on the current site of the garden-style Design Place apartment complex at 5045 Northeast Second Avenue. Developer SPV Realty is tied to Justin Podolsky. His family members are longtime hoteliers and multifamily owners in New York, with Jay and Stuart[...]