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: Fontainebleau Miami Beach reveals proposed addition

February 20, 2020

Jeffrey Soffer wants to build a new garage at Fontainebleau Miami Beach, with top-floor ballrooms. The proposed garage will be strictly for employees, which means hotel guests will continue to valet at the entrance of the storied resort. Miami Beach’s land use committee on Thursday recommended the project after hearing details about the new structure, which would be built on an existing surface employee lot on Collins Avenue between 43rd and 44th streets. The new building would connect to the[...]

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CLIENT NEWS: Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

February 17, 2020

The city of Miami Beach has reached a truce with developers David Martin and Russell Galbut that allows the duo to move forward with their planned luxury condo project at 500 Alton Road. After a contentious back-and-forth with Galbut over the city’s monetary demands, Miami Beach commissioners approved a settlement agreement that allows the developers to exclude stairwells, elevator shafts and mechanical chutes in calculating the floor-to-area ratio of the proposed 44-story tower, known as Park on Fifth. At the same[...]

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CLIENT NEWS: A giant project will bring Target and 550 apartments to Miami’s struggling Overtown

February 13, 2020

The gradual redevelopment of central Overtown, the long-neglected heart of Miami’s original black neighborhood, will take a giant leap forward with the planned construction of a $350 million mega-project anchored by a Target store and topped by 556 apartments. The project, the fruit of an agreement between veteran Miami developer Michael Swerdlow and a city anti-poverty agency, would occupy a full city block between Northwest Second Avenue and Interstate 95 at Sixth Street that’s been vacant for years. Under the[...]

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CLIENT NEWS: Bank plans redevelopment of South Florida branch into office building

February 12, 2020

Safra National Bank of New York wants to redevelop its Aventura branch and office into a 12-story office building. The bank, through subsidiary 3050 Aventura Owner LLC, submitted plans to city officials in December for its 1.31-acre site at 3050 Aventura Blvd. It’s just east of the Aventura Mall and on the west side of the JW Marriott Turnberry Miami Resort & Spa. The property currently has a 3-story office building of 23,539 square feet that was built in 1991. The[...]

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CLIENT NEWS: Miami Beach Planning Board Gives Kudos to Urbin Concept but Tells Founder to do More Community Outreach

February 3, 2020

Miami Beach Planning Board members loved what they heard from the founder of Urbin, a global “live, work, wellness” concept proposed for Washington Avenue, but after nearby residents expressed concern about noise from outdoor entertainment areas, they  suggested he meet further with the neighbors to try to find a solution. Rishi Kapoor wants to build a co-living, co-work, hotel space on half a block on Washington Avenue between 12th and 13th Streets. He plans to restore a 1961 office building[...]

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