SBE’s Sam Nazarian making big Miami push

Miami /
Jul.July 12, 2013 03:00 PM

Hospitality mogul and founder of SBE Sam Nazarian is rapidly expanding his real estate presence in Miami, according to Ocean Drive.

Nazarian — the hard-partying entrepreneur with holdings across the West Coast who once had a cameo as himself on HBO’s “Entourage” — began his Miami push with the SLS Hotel South Beach, which opened last year.

“When I stood at 17th and Collins in 2009 and 2010, all I could see were empty skyscrapers with cranes on top of them,” he told Ocean Drive. “Clearly, people had written off that area.”

Late last year, Nazarian teamed up with hotelier David Edelstein to revamp Miami Beach’s Raleigh hotel, and this spring will begin developing a $300 million condominium and hotel project on South Miami Avenue with Jorge Pérez’s Related Group, to be called the SLS Brickell.

And now, Nazarian told Ocean Drive an as-yet unannounced project was in the cards, though he wasn’t yet ready to reveal details.

“It’s not just because we are smarter or better than anybody else,” he said of the pace and scale of his projects . “It’s just that we are set up to expand rapidly in markets.” [Ocean Drive]Hiten Samtani


Related Articles

arrow_forward_ios
Camilo Miguel of Mast Capital with East, Miami and Kieran Bowers of Swire Properties with The Conrad (Getty, Facebook via EAST, Miami)
Swire sells Brickell City Centre hotel for $174M, and nearby Conrad Miami trades for over $100M
Swire sells Brickell City Centre hotel for $174M, and nearby Conrad Miami trades for over $100M
Arnaud Karsenti, managing principal of 13th Floor Investments (iStock, 13th Floor)
Brickell church votes to sell waterfront land to developer for condo tower
Brickell church votes to sell waterfront land to developer for condo tower
Millennium Management founder Israel Englander and the Sabadell Financial Center (Millennium Management, 1111 Brickell)
Israel Englander’s Millennium Management inks 74K sf Brickell lease
Israel Englander’s Millennium Management inks 74K sf Brickell lease
Ytech buys historic Nolan House in Brickell for $6M
Ytech buys historic Nolan House in Brickell for $6M
Ytech buys historic Nolan House in Brickell for $6M
East End Capital’s David Peretz (left) and Jonathan Yormak, with 100 North Biscayne Boulevard in Miami
Inside the East End Capital-Australian investor feud over Miami’s 100 Biscayne tower
Inside the East End Capital-Australian investor feud over Miami’s 100 Biscayne tower
Ecuadorian president, linked to US real estate, named in Pandora Papers
Ecuadorian president, linked to US real estate, named in Pandora Papers
Ecuadorian president, linked to US real estate, named in Pandora Papers
Epic Residences & Hotel with parts of the SEC complaint (Epic, United States District Court)
Miamian charged in payday loan scheme allegedly splurged on $2M downtown condo
Miamian charged in payday loan scheme allegedly splurged on $2M downtown condo
Lease roundup: Slalom opens first South Florida office in Wynwood, 10 tenants sign at 800 Brickell
Lease roundup: Slalom opens first South Florida office in Wynwood, 10 tenants sign at 800 Brickell
Lease roundup: Slalom opens first South Florida office in Wynwood, 10 tenants sign at 800 Brickell
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...