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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: Russell Galbut’s Crescent Heights wants rooftop movie theater at 1212 Lincoln

May 7, 2020

Russell Galbut’s Crescent Heights wants to open an outdoor rooftop movie theater at its 1212 Lincoln Road project on Alton Road in Miami Beach. Miami Beach’s Land Use and Sustainability Committee on Wednesday moved to have the Miami Beach City Commission vote on a proposal next Wednesday that would allow rooftop movie theaters along Alton Road’s commercial corridor between 14th Street and the Collins Canal. The committee did not offer a recommendation. The zoning rule, if approved, would allow outdoor[...]

COVID-19 and Construction: What You Need to Know — May 4

May 1, 2020

Partner Melissa Tapanes Llahues will be a panelist on a webinar Monday, May 4 at 2 p.m. sponsored by FIU’s President’s Council, discussing the state of South Florida’s construction industry and the long term effect of the COVID-19 pandemic. For more information, contact 305.348.1622 or email prescoun@fiu.edu.

CLIENT NEWS: David Martin proposing mixed-use tower at Miami Beach Marina

April 20, 2020

Terra’s David Martin hopes to develop a 23-story tower at the Miami Beach Marina in the city’s South of Fifth neighborhood. Martin spoke before the city’s Finance and Economic Resiliency Committee on Friday, which met via video conference, kicking off a process that would require residents to eventually vote on ballot questions tied to extending and amending the city’s lease of the marina, selling air rights and possibly a request to increase the allowable floor area ratio. “Without community support, this[...]

COVID-19 and Land Use Needs: What You Need to Know

April 7, 2020

Dear Clients and Friends, We hope that you and your families are staying safe and healthy. Our firm’s transition to remote work has proven seamless. We are fully operational and working collaboratively with our clients, project teams, industry partners and local government officials to ensure that our matters, from acquisition due diligence, project design, and entitlements to permitting, inspections, and licensing, are moving forward. During these uncertain times, you may be concerned about the ability to proceed with your development[...]

CLIENT NEWS: Target store signs for planned Overtown block

April 1, 2020

Retail giant Target has signed a letter of intent to open a store inside a planned mixed-use retail and residential development in Overtown called Block 55, according to the developer of the expansive project. The developer, in concert with the board of directors of the Southeast Overtown/Park West Community Redevelopment Agency (CRA), plans to construct the project at eight and 12 stories, on land at 249 NW Sixth St. The project was considered recently by the city’s Urban Development Review[...]