$250 Million Luxury Surfside Oceanfront Condo Development

ASRR Capital/Suzer Group Venture
Representation of international real estate development group in the site plan and design review and approval process for its first project in South Florida. Arte by Antonio Citterio, a $250 million, 12-story condominium tower in Surfside, will feature 16 units sized from 5,500 square feet and up, and a separate garage and amenities building across the street. Through transparent communication and outreach with town staff, consultants, and neighbors of the proposed development, successfully guided the developer through the planning process to a positive recommendation by the Surfside Planning and Zoning board and an approval by the town commission.
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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 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
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...
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