Skip to main content

Conversion of Portion of 1.2 Million-Square-Foot Philadelphia Office Tower into Residential Condo

America's Capital Partners (ACP)
Representation of America's Capital Partners, owner of Two Liberty Place, a 1.2 million-square-foot, 58-story office building in downtown Philadelphia, Pennsylvania. We assisted in the conversion of one-third of the office tower into residential condominium units in order to monetize what had been vacant office space. The tower was zoned for office and retail use only; we amended the lease with Cigna, the building's key tenant, to permit the conversion.

Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...

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, an affiliate of Florida East Coast Industries, Inc., in the procurement, land acquisition, and development of portions of the $2.4 billion high-speed passenger rail project connecting South and Central Florida. Passenger service will be created in central Florida and wi...