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$100 Million Development of The Landing, a Condo-Hotel in Charleston, South Carolina

Coen Capital LLC
Representation of Coen Capital in development of The Landing, a $100 million 150-unit luxury condo-hotel project in Charleston, South Carolina. This condo-hotel, the first in South Carolina to be developed on a ground lease, created challenges with the property owner, the lender, equity investors, and unit owners. Among other issues, the property owner required a mechanism for the steady payment of ground rents even if a unit owner failed to pay rent, and unit owners and the lender required assurances that the ground lease would not terminate for non-payment if any unit owner failed to pay rent.

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 Miami Dade College in connection with a proposal for a $1 billion mixed-use development and cultural center in the heart of Miami's central business district. Our team assisted the College in its review of the submitted Unsolicited Proposal and the proceeding public procurement pro...