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 joint venture between New York-based developer Sumaida + Khurana and global real estate development firm Bizzi & Partners purchased an abandoned construction site in the South of Fifth neighborhood earlier this summer with the idea of constructing a boutique Class A office building designed by renowned Spanish architect Alberto Campo Baeza. The developers are planning 38,000 sq. ft. of offices in a building that would face 5th Street as you enter Miami Beach from the MacArthur Causeway. The new[...]
Read MoreAn office building could rise in the parking lot of a shopping center in the Miami Health District. The city’s Urban Development Review Board on Sept. 14 will consider the application for the 2.14-acre site at 1000 and 1050 N.W. 14th St., on the north side of the Dolphin Expressway/State Road 836. The property currently has Civica Center, a three-story shopping plaza of 74,463 square feet, plus a 4,768-square-foot bank branch. Both of those buildings would remain while the office[...]
Read MoreAs Downtown Miami experiences a surge of new residents, businesses and investment from all over the country, Bercow Radell Fernandez Larkin & Tapanes is honored to announce that Melissa Tapanes Llahues has been sworn in as a member of the Miami Downtown Development Authority (Miami DDA) Board of Directors. The Miami DDA is an independent agency of the City of Miami, governed by a 15-member Board comprised of three public appointees and 12 business owners, property owners and stakeholders who[...]
Read MoreVitamin entrepreneur and real estate investor Andrew Lessman barely won approval to build a waterfront mansion in mid-Miami Beach. The Miami Beach Design Review Board agreed to allow Lessman to knock down a 4,339-square-foot house built in 1936, and replace it with a new 8,462-square-foot home. But the main contention of the 4-to-3 vote on Friday was the height of the proposed house at 3017 Flamingo Drive. The current height limit is 24 feet. Lessman, founder of vitamin company ProCaps[...]
Read MoreMiami-Dade commissioners on Thursday sidestepped concerns about Biscayne Bay pollution, flooding and hazy development details to give preliminary approval for expanding the Urban Development Boundary and converting farmland into a 9 million-square-foot industrial park near Homestead. By a 9-3 vote, commissioners voted to send the expansion application to state agencies for review, a key step for developers in their effort to move the “UDB” for the first time since 2013. “I’m going to always try and protect our environment and[...]
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