The Real Deal Miami

Dezer close to owning Solis project in Sunny Isles

Commission allows developer to extend construction permit on 52-story resort

July 22, 2013 03:00PM

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Solis

Solis Resort Spa & Residences

Condominium developer Gil Dezer is inching closer to ownership of the Solis Resort Spa & Residences in Sunny Isles Beach.

He told the Sunny Isles commission Thursday he expects to have acquired the title to the 52-story resort in the next 60 to 75 days, exMiami reported.

The commission approved Dezer’s request to extend the construction permit. He said he will soon provide them with development plans, exMiami said.

Last July, Dezer, who runs the company Soloser, acquired the distressed $18.5 million mortgage on the property, located at 15701 Collins Avenue. Mansiana Ocean Residences bought it for $26 million in 2005, and launched a renovation two years later. The plan called for 135 residential units and 140 guestrooms. In 2010, after the renovation failed to be completed, the project’s lender, Mercantil Commercebank, filed a foreclosure lawsuit against the company and its managing member, Alexander Forkosh, the CEO of New York City-based Forkosh Development Group, as previously reported. [exMiami]Mark Maurer

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