Firm Provided Zoning Opinion Letters for Two Major Projects

March 4, 2015

Bercow Radell & Fernandez Provided the Zoning Opinion Letters for Two Significant New Projects Financed by Canyon Capital:

  • $157 million senior construction loan for a joint-venture between the Related Group of Florida and SBE Hotel Group to finance the development of a 54-story, luxury mixed-use tower located in the Brickell area of Miami.  The project consists of 453 SLS-branded residential condominiums and a 124-key SLS-branded hotel with two ground-floor restaurants featuring concepts by renowned chefs Jose Andres and Michael Schwartz.  The residential condominiums were sold out at the time of closing. – Published HospitalityDesign.com
  • $123.6 million senior construction loan to Property Markets Group to finance the development of a 57-story condominium tower consisting of 180 luxury residences and located directly on Brickell Avenue in Miami.  The residential condominiums were more than 80% pre-sold at the time of closing. – Published MultiFamilyBiz.com

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