The Fontainebleau Las Vegas exterior conveys luxury, but the interiors are evidently a match. Court records showed that the developer, linked to the Soffer family of Miami, spent about $7 million on bankruptcy lawyers and advisors and $5 million on art. The $3 billion project has been derailed by financial woes, and the project now has about $500 million in assets and $2.1 billion in debts.
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|