From the South Florida website: Not too long ago, the area just west of Biscayne Boulevard and NW 36th Street was an empty rail yard. Now, Midtown Miami’s three residential complexes have reached nearly 100 percent occupancy, and might be the culinary center of Miami. The still-expanding mixed-use development is the brainchild of New York-based Midtown Equities, led by the Cayre family. Midtown was developed by Cayre along with his father, <a href=”http://therealdeal.com/newyork/articles/the-closing-joseph-cayre”>Joseph Cayre</a>, and his brothers. The project’s current phase was completed in 2007, and it has become one of Miami’s most vibrant neighborhoods. The Real Deal talked to Cayre about expansion plans for Midtown, the “Soho south” moniker and the Cayres’ New York brokerage, Core. … [more]
Posts Tagged ‘joe cayre’
Discount clothing department store Marshalls and drugstore CVS are interested in leasing space in a troubled development site in Williamsburg, once the stalled construction project is completed, several brokers said. The national chain retailers are looking at a lower-level space at 242 Bedford Avenue, just south of North 4th Street, the brokers, who asked to remain anonymous, said. The half-built site is owned by Yehuda Backer’s Williamsburg-based Backer Group, which halted construction several years ago. Instead, the parcel has only steel shells with no current construction evident.
From left: Shaun Osher, CEO of Core, developer Joseph Cayre, and Blanca Lofts at 206 East 73rd Street
Developer Joseph Cayre and residential brokerage firm Core are facing a $10 million lawsuit by the Blanca Lofts condominium board, which is alleging widespread fraud, negligence and breach of contract in the construction of the Upper East Side building and the sale of its units. The suit against Cayre and Core comes as Blanca Lofts, a 10-unit condo at 206 East 73rd Street, faces two other lawsuits alleging widespread flooding, mold and other defects in the quality of materials and workmanship. The $10 million board suit, filed Dec. 21 in New York State Supreme Court, names Gadaleta and HHF Design Consulting, led by Helmut Hans Fenster, as defendants. It alleges negligence, fraud, misrepresentation and professional malpractice related to the architectural, engineering and consulting services at the building. HHF and Fenster, in court documents, denied the allegations and made cross claims against Cayre, Core and the other contractors. Fenster claims his firm, HHF, did engineering work, and if there is any negligence or fraud, it was done on behalf of the other defendants. … [more]