Oceanfront Development in Hollywood, Florida with P3 Components

The Related Group

Successful representation of Related Group in the submission of an unsolicited proposal to the City of Hollywood for the redevelopment of a public 4-acre oceanfront property. Counseled the client through its response to the ensuing request for proposals, which was ultimately chosen as the winning proposal. Subsequent negotiation of a comprehensive agreement with the City and 99-year ground lease, which entails client developing a new community center, a renovated park, additional public parking, and a 135-unit condominium on the property, with the additional benefit to the City of approximately $1 billion in new revenue over the course of the 99-year lease.

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Adam D. Lustig
Practice Group Leader, Real Estate
Eric Singer
Partner
Nicholas Noto
Associate
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Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
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Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Experience
Representation of HRM Owner, a joint venture between Hyatt and Gencom, in successfully navigating the procurement process and securing a ground lease with the City of Miami as part of a $1.5 billion mixed-use development along the Miami River to include hotel, convention, commercial and multi-family...
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