The Real Deal Miami

Dezer allegedly pushing tenants out of North Miami Beach mall

Rezoning allows for 2,000 resi units, 2.5M sf of commercial space
January 24, 2018 10:30AM

Intracoastal Mall and Gil Dezer (Credit: YouTube and Dezer Development)

Since it paid millions for the property in 2013, Dever Development has tried to evict at least six tenants from its Intracoastal Mall in North Miami Beach.

Attorneys for the tenants claim Dezer is ringleading efforts to push tenants out in order to move ahead with its redevelopment of the mall, according to the Daily Business Review.

Under a 2015 rezoning of the property, Dezer could build up to 2,000 residential units, 2.5 million square feet of commercial space and buildings up to 40 stories tall on the east side of the property at 3501 Sunny Isles Boulevard, just along the Intracoastal Waterway.

In 2016, former tenant Planet Beach spa sued Dezer for failing to renew its lease. That year, Dezer sued Sea Grill restaurant for not paying nearly $130,000 in rent, but a judge determined the restaurant actually overpaid its rent by $2,110. And earlier this month, Dezer sued OBK Center Corp., also claiming the tenant failed to pay its rent.

Dezer’s attorney told the Daily Business Review that allegations the lawsuits are related to the redevelopment are not true. He added that there are numerous tenants in the mall that they have “no problems with.”

The developer paid about $63.5 million for the 26.2-acre property in 2013. A year later, luxury movie theater chain iPic signed a 40,000-square-foot lease at the mall. [DBR]Amanda Rabines