Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
Developer Florida East Coast Realty says general contractor Tutor Perini eventually accounted for all the Miami Panorama Tower money—but not before diverting the funds to beef up its own balance sheet to the detriment of shareholders and potential investors.
SPV Realty is within its right to have filed 29 eviction suits at its Design Place apartments amid the pandemic as the state moratorium was lifted. But residents and a nonprofit law firm say the push to evict struggling tenants doesn't match the company's promise to accommodate residents at its proposed Eastside Ridge project.
Developer Lissette Calderon at least once was asked to get coffee during a professional meeting and still recalls demeaning comments the likes of "When you were reading the first chapter, I was finishing writing the book" by a male colleague. Now
no one would dare anything of the like as Calderon more than succeeded, earning the nickname the Miami River Queen.
The developer that leases Jungle Island from the city wants to build a 281-key hotel in a 110-foot tall building, although it can go up to 130 feet and 300 keys.
Victor Petrescu, partner at Levine Kellogg Lehman Schneider + Grossman in Miami, says unemployed and underemployed borrowers will be in the worst position once the moratorium is lifted.