$500 Million Development of Properties in Key Biscayne

Property owners
Representation of owners in $500 million development of two high-end properties in Key Biscayne, Florida, gaining all required governmental approvals for redevelopment. The project included 300 hotel rooms and 195 condominium hotel units, 412 multifamily units and 57 single family homes.
Related Practices
Brian L. Bilzin
Founding Partner
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...
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 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...