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CLIENT NEWS: Robert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building

April 23, 2024

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[...]

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Miami Worldcenter Residences Plans More Parking for Bikes Than Cars

July 24, 2019

The developer of a major mixed-use residential project within Miami Worldcenter plans a building with more parking spaces for bicycles than for cars. So it may be no surprise that the site abuts a Metromover station. Akara Partners, a Chicago-based real estate investment and development company, is proposing the project in the multi-block Worldcenter development, rising in the Park West neighborhood. AP MWC Property Owner LLC is the applicant for the warrant to allow a new building in the Miami[...]

CLIENT NEWS: Link at Douglas Developers Score $47M Construction Loan

July 12, 2019

The developers of Link at Douglas scored a $47 million loan to build the transit-oriented, mixed-use project near Coral Gables. Adler Group and 13th Floor Investments secured the loan from TD Bank to build the development’s first tower, which will have 312 apartments and 6,000 square feet of retail, according to a press release. The 22-story tower was designed by Corwil Architects. Link at Douglas will be built in phases over the next five years. It will have a total of[...]

CLIENT NEWS: Miami Beach Convention Center Hotel Wins Approval

July 3, 2019

All that’s left now: the aesthetic minutiae and the permits. Arquitectonica’s design for the 185-foot-tall, 800-room, $362 million Miami Beach Convention Center Hotel was unanimously approved by the Miami Beach Design Review Board on Tuesday. The hotel development team, led by developers David Martin of Terra and Jackie Soffer of Turnberry Associates, will still need to return to the city’s planning department to hash out details that include the look of balcony railings and privacy barriers, as well as the appearance[...]

Miami’s Original Seaplane Base Poised for Expansion After Years of Litigation

June 28, 2019

Miami’s first and only seaplane base might be in line for a major facelift after settling a seven-year legal battle with the city, its landlord on Watson Island. The proposal has been moving forward since the operator and the Miami Sports and Exhibition Authority, which leases the 2.9-acre property, ended their legal dispute in 2014 with a new lease spelling out redevelopment parameters. Nautilus Enterprises LLC wants to build a 44,838-square-foot terminal and a 3,600-square-foot hangar and add 51 parking spaces. The[...]

Lincoln Road could get two hotels under proposed new rules

June 5, 2019

It takes one developer to start a trend. More than a month since real estate investor Sam Herzberg unveiled a possible transformation of the Sterling Building on Lincoln Road into a hotel, a second property owner wants to do the same to the Lincoln Center, an apartment building with a ground-floor retail annex at 1637 Euclid Avenue. Monika Entin, an attorney representing Lincoln Center Associates, offered details about her client’s concept to build a multistory hotel addition to the existing[...]