Michael Swerdlow, the original developer of North Miami’s Biscayne Landing, has received approval for a 10-acre lease at the property, according to the South Florida Business Journal. The deal, a partnership with the Lefrak Organization, which was approved by the city council in a 3-2 vote, includes a first phase featuring an 850,000-square-foot mall. As part of the transaction, North Miami will get an advance payment of $17 million. Swerdlow sold his portion of the property several years ago, and has since been working to win approval to redevelop the site. A previous lease proposal by Swerdlow was rejected by the city in March. [SFBJ]
Trending
Swerdlow partnership obtains long-term lease at North Miami’s Biscayne Landing
Recommended For You

Texas
Feb 26, 2025
Crespi Estate hits market as most-expensive listing in Texas
The historic property, designed by Swiss architect Maurice Fatio, is most expensive residential listing in Texas.

Chicago
Feb 26, 2025
Blackstone hit by foreclosure on $310M loan for River North Point
Goldman Sachs sued over the $310 million debt after Blackstone allegedly defaulted at the maturity date for River North Point.

New York
Feb 26, 2025
Maverick goes after Yoel Goldman’s former deal partner
Maverick Real Estate Partners has a new target on a familiar Bushwick property

Dec 2, 2024
A closer look at the kingpins of Kings Point
A group of mostly Persian Jews who built wealth in real estate are the linchpin of a close-knit community based in Kings Point.

Feb 26, 2025
Shorenstein sells Sea Cliff home for $30M
The Shorenstein family has sold its long-time SF home to an LLC for $30 million.