$500 Million Development of 613-unit Mixed-Use Project in Vero Beach

Representation of Sea Oaks Investment, Ltd., in connection with the mixed-use project at The Village of Sea Oaks in Vero Beach, Florida. The 613-unit gated community had a sellout price of $500 million and consisted of condominiums, single family homes, townhouses, and a 48-slip marina.
Related Practices
John C. Sumberg
Founder, Chairman
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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 the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...