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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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UPDATE: North Miami Beach Approves Uptown Biscayne (Firm Client)

February 21, 2018

Here’s the giant project that could replace that strip club on NE163rd Street Most strip clubs have reputations for being shady, crime-ridden, sleazy joints. But Dean’s Gold, the North Miami Beach strip club at 2355 NE 163rd St. that has sat on the northeast corner of the intersection of Biscayne Boulevard and 163rd Street for nearly three decades, has a different kind of rep. To locals, the place is a historical landmark, even if you’ve never set foot inside. Formerly[...]

Historic Miami Beach condo could be converted into hotel

February 7, 2018

A historic building in Miami Beach’s Collins Waterfront Historic District could be converted from a condominium into a hotel after significant renovations. On Feb. 13, the city’s Historic Preservation Board will consider an application from the Prince Michael Condominium Association, which is now controlled by a developer, for changes to the property at 2618 Collins Ave. Nearly all of the 90 condos were acquired in separate transactions starting in 2015 by 2618 Collins Capital Holdings and various affiliates. The company[...]

Developer proposes six-story building in Doral

January 30, 2018

A six-story self-storage facility has been proposed in Doral as the first of a two-phase project. The city received an application in December from Doral Center LLC, managed by Robert S. Lechter and J. Brett Houston of Resource Real Estate Group, to build a 110,165-square-foot self-storage facility. The address would be 10780 N.W. 27th St. The developers bought the 3.6-acre site that runs from Northwest 27th Street to Northwest 25th Street, just west of Northwest 107th Avenue, for $4.5 million in July 2017. They[...]

This building put Arquitectonica on the global map. That won’t stop its demolition.

January 29, 2018

It’s bye-bye Babylon. Miami commissioners have signed a death warrant for the Babylon, the distinctly colorful, ziggurat-shaped Brickell apartment house that was the first commercial building by homegrown design giant Arquitectonica and a landmark that helped set the stage for the city’s downtown revival. By a 4-1 vote and to plaintive boos from preservationists, commissioners overturned a 2016 decision by the city’s historic preservation board that declared the Babylon a protected architectural landmark, a designation strongly backed at the hearing by city preservation[...]

Holiday Inn proposed near Miami International Mall

January 12, 2018

A Holiday Inn Express Hotel has been proposed at the Miami International Mall in Doral. On Jan. 17, the city council will consider an application for a five-story hotel at 1691 N.W. 107th Ave. The 45,149-square-foot triangle-shaped site currently has a 19,626-square-foot office building from 1986. That building would be demolished to construct a 50,170-square-foot hotel with 75 rooms, a pool and a fitness room. There would be 45 parking spaces on the property and an additional 35 spaces at[...]