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 MoreRestoration Hardware, now known as RH, is planting a flag in the Miami Design District, The Real Deal has learned. The high-end furnishings retailer inked a lease at Apollo Commercial Real Estate Finance and the Comras Company’s buildings on the west end of the Design District, according to sources. Michael Comras confirmed that RH is a tenant of the project, with renovations expected to be completed later this year. He declined to comment on details of the lease. RH, which is expanding[...]
Read MoreA Michael Swerdlow-led mixed-use project in Miami’s Overtown neighborhood is getting local government financial assistance for its affordable housing component. Miami city commissioners on Thursday unanimously approved awarding an additional $2.5 million grant to Block 55, after previously giving the project $5 million last year. Swerdlow told commissioners that Block 55, which will feature 578 apartments for low-income seniors on top of 250,000 square feet of retail space and a parking garage, is on track to break ground in the[...]
Read MoreAffordable housing is on the way to the West Grove, offering people a new option as gentrification changes the historic neighborhood with Bahamian roots. Across from the Douglas Road Metrorail Station, the mixed-income community Platform 3750 has been under construction since early May, said Lenny Wolfe, a partner at the Hollywood-based development firm Cornerstone Group. Cornerstone Group partnered with the U.S. Department of Housing and Urban Development, Miami-Dade County and the city of Miami five years ago on the project.[...]
Read MoreMiami, June 2, 2021 – Chambers USA, one of the oldest and most prestigious legal guides in the world, has ranked Bercow Radell Fernandez Larkin & Tapanes in Band 1 in the area of Real Estate: Zoning/Land Use Law – South Florida, the highest recognition given by Chambers. The firm is ranked highest among five South Florida firms at the top of this specialty area in the 2021 Chambers USA Directory. Jeffrey Bercow, co-founder and managing partner of the firm,[...]
Read MoreWhen she came from Boston in the late ‘90s to study at the University of Miami, Mileyka Burgos-Flores quickly got homesick. She missed the food and flavor of her Dominican family and she was desperate for a Dominican hair salon. The cafeteria workers she’d befriended at school had the answer: We’ll take you to el barrio, they told her. That’s how Burgos-Flores, executive director of the Allapattah Collaborative, got to know the neighborhood built up by Black Miamians and immigrants from[...]
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