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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: Lennar scores $45M construction loan for Wynwood apartment project

March 30, 2020

A subsidiary of Lennar scored a $44.8 million construction loan for an apartment project on the former site of Wynwood Yard. The Miami-based company secured the loan from Santander Bank to construct the 11-story, 189-unit apartment building with nearly 17,000-square-feet of commercial space and 324 parking spots, records show. The project will be known as Wynwood Green. Lennar purchased the 1.26-acre property in January 2019 for $17 million. The property is at 48, 56, 64, 70, 82, 90 and 98 Northwest 29th[...]

CLIENT NEWS: Spotify to Open a Headquarters Office at the Oasis in Wynwood, Which Will Open Later This Year

March 5, 2020

The developers of The Oasis in Wynwood have announced that Spotify will anchor the project with a new headquarters office. The Oasis is under construction. It is scheduled for completion in late 2020, developers announced last week. The project will include an outdoor food hall featuring multiple food and beverage concepts around a 35,000 square foot heavily landscaped courtyard. There will also be a stage with nightly live music, and a bar. A 75-foot tower will feature rotating art installations.[...]

CLIENT NEWS: These architects designed an 84-story tower in NYC. Now they’re coming to Brickell.

March 4, 2020

SHoP Architects will design a 62-story tower with 1,000 luxury condo units and 200 hotel rooms on the western edge of downtown’s Brickell area, according to Michael Stern, founder and managing principal of JDS Development. SHoP will collaborate with Kobi Karp Architecture & Interior Design on the project. JDS, the New York developer behind the Jean Nouvel-designed Monad Terrace in Miami Beach. SHoP — designers of Brooklyn’s Barclays Center — also worked with JDS on New York’s 84-story Steinway Tower,[...]

CLIENT NEWS: Developer could rebuild Brickell fire station with 62-story project

February 25, 2020

JDS Development Group is looking to assemble property in Brickell, including a city of Miami fire station, to build a 62-story project. The New York-based developer, led by Michael Stern, would build a new fire station for the city within its mixed-use project, and contribute millions of dollars to the city. The project would be directly west of the Brickell Metrorail Station, where the city wants to foster more development to encourage ridership. A similar, but smaller deal, for the fire[...]

CLIENT NEWS: Miami board approves major mixed-use, multifamily project

February 24, 2020

The Miami Urban Development Review Board approved a slate of mixed-use and multifamily projects that could add nearly 2,000 new apartments and more than 700,000 square feet of office and retail space between the Miami River in downtown Miami and North Miami Avenue in Wynwood. One development, Block 55, initially faced derailment, however, when the first board vote ended in a tie. But it was later approved. A partnership between The Swerdlow Group and Terra is proposing the mixed-use project featuring 402[...]