Acquisition of Leasehold Development Rights for Transit-Oriented Development
Grass River Property
Representation of Grass River Property, a real estate finance, investment, and services company, in acquiring leasehold development rights for a transit-oriented development (TOD) at the Coconut Grove Metrorail station in Miami. The planned development is a $250 million mixed-use project consisting of 180,000 square feet of office, 40,000 square feet of retail, a 180-key hotel, 250 residential units, and a 850-space parking garage.
Related Practices
RELATED PEOPLE
Chief Executive Officer & Managing Partner
MORE EXPERIENCE
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...
Representation of Brightline, the only privately-owned and operated high-speed rail service in Florida, since 2014. Guided the high-speed rail company through the multibillion dollar development and launch of its first five stations (Miami, Fort Lauderdale, West Palm Beach, Aventura, and Boca Raton)...
Successful representation of the City of Pompano Beach and Pompano Beach Community Redevelopment Agency in connection with the negotiation of project development agreements, including a master developmentagreement, purchase and sale agreement, ground leases, and build-to-suit subleases, for the publ...