Here’s what’s happening at the Raleigh Miami Beach redevelopment
Michael Shvo has had his fair share of issues across his career as a broker and developer, only to walk away unscathed. At 125 Greenwich, a planned 88-story high-end condo tower in downtown Manhattan, Shvo’s partners bought out his interest when he was indicted on tax evasion in 2016. The development group struggled to sell condos, and one of the project’s lenders stopped funding the project. Construction stalled and lender BH3 Management threatened to foreclose. Eventually, Fortress Investment Group took over the project. Shvo, who pleaded guilty and resolved his tax issues without a jail sentence, may have been the […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Blue Jays’ Mad Max sells under-construction Admirals Cove estate for $23M
Butters targets tech, pharma with plans for low-rise light-industrial in Boca Raton
Opterra’s Holiday Inn hotel-to-resi conversion moves ahead in Boca Raton
Inventory drops for first time since 2023 as sales rebound across coastal Miami, beaches
Brian Tuttle loses Main Street dev site in $60M bankruptcy sale
Wave Group, partners launch short-term-rental friendly Wynwood condos
Ultra-luxury brings heat as Palm Beach home sales surge
Why Earnest Money Matters to Sellers
RE Q&A: Who Pays for Noncompliant Fence?
Fla.’s March, 1Q Housing: Closed, Pending Sales Up
