MIAMI—Visionary Richard LeFrak is tag teaming with Turnberry Associates principals to develop a 183-acre site at 15045 Biscayne Boulevard in North Miami. The joint venture between LeFrak, chairman and CEO of the firm that carries his name, and Turnberry's Jeffrey and Jackie Soffer aims to tap the synergies of two multi-generational companies to build an iconic neighborhood in South Florida. The site represents the largest undeveloped parcel of land East of Biscayne Boulevard in South Florida.

“You have great cultural and great culinary, a great beach, a financial sector, and the second busiest airport in the country,” LeFrak told Shalala and conference attendance at the standing room University of Miami Impact Conference 2015 in February. “You are a global city and your market here is the world. People will look back at this time as a transformational period for this city.”

LeFrak is one of the key figures working to transform it. Under LeFrak's watch, the first project at the formerly-distressed Biscayne Landing has sold out. The company's lender went under in 2009 and the project went into bankruptcy right behind it. iStar stepped in with millions in property improvements and new amenities.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.