Know about market updates

Team LeFrak and Soffer to the rescue?

Team LeFrak and Soffer to the rescue?
Inside the developers’ lofty plans for a master-planned community on a former Superfund site
November 11, 2015 11:15AMBy Francisco Alvarado

SoLe Mia would occupy a parcel where development has been stymied since the 1970s.

From the October issue: In March, shortly after Richard LeFrak bought out former partners Michael Swerdlow and Ezra Katz and brought in Aventura’s Soffer family to develop the 183-acre Biscayne Landing site in North Miami, the billionaire New York developer moved quickly to rechristen the project SoLē Mia, a play on the new owners’ names and Miami.
“I wanted nothing to do with what the other guys did,” LeFrak said during an animated phone interview. “That’s why we don’t use the name.” [more]

Source: The Real Deal

Leave a Reply

Your email address will not be published. Required fields are marked *