CLIENT NEWS: Miami Beach site sells for $20M, 7-story hotel planned (Photos)

June 14, 2024

A developer purchased a mixed-use building in Miami Beach for $20 million, with plans to replace it with a hotel. Washington Gardens Inc. and Washington Gardens MB LLC, both managed by James Resnick in Miami Beach, sold 1509 and 1515 Washington Ave. with a 11,458-square-foot retail building and a 13-unit apartment building to 1515 Washington Acquisition LLC, co-owned by Xaver Kriechbaum and Gavin Crescenzo of Aventura-based Keyah Real Estate Group. The deal included $15 million in seller financing. The land[...]

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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[...]

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Historic preservation board approves land use attorney’s luxe home in Miami Beach

March 13, 2018

Stephen and Gerri Helfman propose three-story home with terraces and rooftop pool UPDATED March 13, 2:15 p.m.: Despite objections from a prominent historic preservation group, a Miami land use attorney and his wife will be allowed to tear down a 1920s three-bedroom house and replace it with a three-story modern mansion in Miami Beach’s South-of-Fifth neighborhood. The Miami Beach Historic Preservation Board on Monday voted unanimously to authorize the demolition of the existing property at 819 Second Street, which was condemned by the[...]

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Self-storage developer scores $83M loan for SoFla portfolio

March 7, 2018

Self storage facilities are in Brickell, Coconut Grove, Doral and Pembroke Pines Self-storage developer Miami City Self-Storage just scored $83.3 million in financing for a portfolio of self-storage facilities spread throughout South Florida. New York-based real estate investment trust, Jernigan Capital Inc. is the lender, according to a release. The portfolio consists of three self-storage facilities in Brickell, Coconut Grove and the Airport West-Doral submarket. The portfolio also includes two additional facilities under construction in Pembroke Pines and Doral. —[...]

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Michael Swerdlow wins bid to negotiate Overtown development deal with Miami

March 5, 2018

The $130.5 million project in Miami’s Overtown area would include 115 workforce housing units and 220,000 square feet of retail and entertainment space  City officials in Miami will negotiate the terms of a $130.5 million mixed-use development in Miami’s Overtown area that a group led by developer Michael Swerdlow would build. A company affiliated with Swerdlow Group submitted the winning bid to develop a 3.4-acre site at 249 Northwest 6th Street owned by the board of the Southeast Overtown Park West Community[...]

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Soleste Park View Gets Design Change Approval

February 27, 2018

Miami’s Urban Development Review Board unanimously approved design changes for the 56-story tower planned for 700 Northeast 26th Terrace last week. Doronin’s company, an affiliate of OKO Group, is increasing the number of units from 146 to 249, as well as the number of parking spaces by 76 to 399. The building’s floor plate would go from about 771,000 square feet to 838,000 square feet and the height would go up another five feet. The changes are due to “shifting market[...]

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