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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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2018 Florida Legislative Session Update

April 12, 2018

HB 1151 – DEVELOPMENTS OF REGIONAL IMPACT The 2018 Florida Legislature has enacted sweeping changes to the state’s Developments of Regional Impact (“DRI”) law. Gov. Rick Scott signed the legislation on Friday, April 6, 2018. Generally, the bill eliminates many DRI statutory requirements governing the application and approval of DRIs. Proposed changes to an existing DRI development order (“DO”) will be the responsibility of the local government in which the development is located. Specifically, the bill: — Eliminates state and regional review[...]

Miami owners of historic properties might sell extra density

April 5, 2018

City of Miami officials are working to clarify proposed legislation designed to incentivize the preservation of historic properties by allowing those properties to sell unused residential density to sites near public transit. The aim is to benefit several parties: the owners of historic designated properties gaining money for preservation work and upkeep; the developers who could purchase added density for a project within a Transit Oriented Development (TOD) area; and the city getting more money into its affordable housing fund.[...]

The Standard in Miami Beach to undergo major renovation, will demolish east wing

March 27, 2018

New construction to include 76 parking spaces, spa and hotel rooms on upper floors UPDATED May 4, 11:55 a.m.: Less than two months after André Balazs stepped down as chair of the Standard Hotels brand, the company is moving forward with a major renovation of its Miami Beach location. Standard International, through its holding company Ferrardo Lido LLC, submitted an application to the Miami Beach Design Review Board seeking to demolish the east wing of its MiMo-style property at 40 Island Avenue, formerly[...]

Time Out Market gets narrow vote of approval from Miami Beach Historic Preservation Board

March 23, 2018

Board divided over impact of proposed gourmet food hall to the neighborhood After more than two hours of contentious debate, the Miami Beach Historic Preservation Board on Monday allowed the developer to apply for permits for the proposed Time Out Market at 1601 Drexel Avenue, on the ground floor of a parking garage, just around the corner from Lincoln Road. Earlier this month the city’s planning board approved a conditional use permit for the site, but their approval was based on limiting[...]

Sherry Frontenac in North Beach scores historic preservation board approval

March 20, 2018

Owner plans to raise and redevelop pool deck, add underground parking and rooftop The Sherry Frontenac, a post-war modern hotel in Miami Beach, is getting a poolside makeover. On Monday, the Miami Beach Historic Preservation Board approved a request allowing the hotel owner to build a new deck with a concrete canopy, underground parking and a rooftop dining area for the property at 6565 Collins Avenue in North Beach. S.F. Land LLC can now demolish the existing pool deck and cabanas, as[...]