Acquisition of Leasehold Development Rights for Transit-Oriented Development
Grass River Property
Representation of Grass River Property, a real estate finance, investment, and services company, in acquiring leasehold development rights for a transit-oriented development (TOD) at the Coconut Grove Metrorail station in Miami. The planned development is a $200 million mixed-use project consisting of 180,000 square feet of office, 40,000 square feet of retail, a 180-key hotel, 250 residential units, and a 850-space parking garage.
Related Practices
RELATED PEOPLE
Chief Executive Officer & Managing Partner
MORE 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...
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...
Structuring of multi-tiered senior and mezzanine loan credit facility in an aggregate loan amount in leases assumed of $1 billion, secured by a major office building complex in Manhattan.