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CLIENT NEWS: Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking $300M

July 29, 2025

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.[...]

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CLIENT NEWS: Superblue Miami experiential art center opened May 20

May 27, 2021

Superblue Miami, the new private space for immersive art in Allapattah, has finally opened its doors. Originally set to open last month, the 50,000-square-foot space opened May 20 with seven works. Four of them come from Japan-based collective TeamLab, comprised of some 700 artists, designers, engineers and programmers under the direction of Toshiyuki Inoko. A team of 10 spent several months installing interactive video projections and soundtracks playing on the themes of birth, death and renewal. They include a first-of-its[...]

CLIENT NEWS: Miami-Dade approves two rezoning applications, including redevelopment for Norman Brothers Produce property

May 25, 2021

The Miami-Dade County Commission approved rezoning applications for two development sites in southern neighborhoods May 19, including one to redevelop the long-standing Norman Brothers Produce site. These plans continue the redevelopment wave sweeping south Miami-Dade County. As more people move to the area, infill development has become more frequent. That sometimes spells the end for long-running businesses, but it also allows their owners to cash out. Norman Brothers Produce has run a gourmet fresh food store in Kendall for more[...]

CLIENT NEWS: ‘End of an era’: Zoning approved to replace Norman Brothers market with seniors home

May 20, 2021

The Norman Brothers Produce market near Dadeland likely is nearing its end as a retail landmark after Miami-Dade County commissioners approved a zoning change allowing an assisted-living facility to replace it. The owners of Norman Brothers Produce are set to sell their iconic market to a developer planning to build an assisted-living facility after Miami-Dade County commissioners voted Wednesday to approve the zoning change needed for the project. “I used to go there for the milkshakes,” Commissioner Sally Heyman said after[...]

CLIENT NEWS: Russell Galbut wants to turn South Beach hotel and adjacent building into offices and restaurants

May 5, 2021

Russell Galbut is looking to revive the shuttered Bancroft Hotel and an attached commercial building in South Beach as offices and restaurant space. According to plans submitted to the Miami Beach Planning Board, Bancroft Ocean Five Holdings, LLC, a company managed by Galbut, wants to convert the Bancroft’s rooms into executive office suites and offer memberships for Class A office space. The property is at 1501 Collins Avenue. The hotel’s ground floor, which previously was home to Quality Meats, would[...]

CLIENT NEWS: North Miami Beach approves mixed-use, multifamily Skygarden tower

May 5, 2021

North Miami Beach gave final approval for a Turkish developer to build a 19-story, mixed-use multifamily tower. Skygarden at 16300 Northeast 19th Avenue will be 224-feet tall and include 341 apartments, 12,635 square feet of retail space, 405 parking spaces, a recreational deck with a pool and garden on the sixth floor, a rooftop terrace, and public art. Developer Celal Ozkan, chairman of Istanbul-based CEO Contract, told commissioners that he wants to break ground in September and complete the project[...]