Acquisition and renovation of historic Miami Beach Hotel

Since 1978, Bilzin Sumberg attorneys have played an instrumental role in the acquisition, ownership and ultimate redevelopment of the flagship Fontainebleau Hotel, handling acquisition, real estate development, historic preservation, hotel management, and land use and zoning issues. Bilzin Sumberg obtained the initial zoning approval for a massive redevelopment in 1997 which was completed with the hotel's grand re-opening in late 2008. Representation included the development of a 460-suite condo tower and a 550-room hotel tower, and the complete renovation and restoration of the original hotel, which was designed by renowned architect Morris Lapidus. The renovated project has over 1,800 rooms, 8 restaurants and 150,000 square feet of meeting space. The team handled over 25 public hearings before the City of Miami Beach which resulted in numerous approvals permitting the restoration and expansion of the existing hotel building.
MORE EXPERIENCE
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...
Experience
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...
Experience
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...
VIEW MORE EXPERIENCE