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$250 Million, 38-Acre Mixed-Use Ground Lease Project in Charleston, South Carolina

Real Estate Developer
Representation of prominent developer in creation and acquisition of 99-year ground lease for 38 acres in Charleston, South Carolina, to develop a $250 million mixed-use project, including a Hilton hotel, a 450-slip marina, a retail center, vacation resort condominiums, and cottages. At inception, the ground lease was not financeable. However, we made the project feasible by restructuring the ground lease to permit different equity investors and lenders for each separate use in the project.
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John C. Sumberg

John C. Sumberg

Chairman
John M. Kuhn

John M. Kuhn

Partner
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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 Mi...

Experience
Representation of developer of 45-story luxury oceanfront condominium in City of Sunny Isles Beach, Florida, against the neighboring Town of Golden Beach's appeal objecting to the development approval by the City of Sunny Isles Beach.
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