Development in Miami’s Midtown area froze with the crash of the housing market, but developers are returning to the area with a condo-hotel project breaking ground in 2015. [more]
Posts Tagged ‘dezer properties’
Sunny Isles Beach could get a 57-story Porsche Design Residences condominium tower, if a new proposal comes to fruition. The project would be on the current site of the 120-unit Golden Nugget Beach Club, according to the South Florida Business Journal. Porsche Design Residences, which would have 132 units and more than 500,000 square feet of space, would be jointly developed by Dezer Properties and Porsche Design. It would feature 284 robotic parking spaces. [SFBJ] [more]
If you’re celebrating the Jewish holiday of Sukkot this weekend in a tiny hut near your home, this may provide some comfort: next year South Florida will be home to a Sukkah so large that it gets Guinness World Records recognition.
New York and South Florida developer Michael Dezer, founder of Dezer Properties, is partnering with non-profit organization Connecting Our Cultures to build the world’s largest Sukkah made of children’s building blocks at 2000 NE 146th Street in North Miami, Connecting Our Cultures announced. [more]
Dezer Properties has acquired the Related Group’s ownership stake at 813-unit Trump Towers in Sunny Isles Beach and will assume the liability for the $265 million loan on the three-tower condominium project. Dezer plans to slash prices by at least 30 percent in order to sell off the 435 units that remain. Most units will go for $350 per square foot, while penthouses will be priced at $600 per square foot, Dezer said. The property, at 16001 Collins Avenue, was jointly developed by Related and Dezer, and Donald Trump granted his name to the towers through a licensing deal. Trump Towers is the latest in a string of properties Related has been unloading amid the state’s real estate slump. Lenders took over its $1 billion luxury Icon Brickell project in Miami late last year, and in July it relinquished its 420-unit CityPlace South Tower in West Palm Beach to a partnership led by Scotia Capital. [Miami Herald]