Shvo sells former Epicure development site in Miami Beach to Infinity
Michael Shvo sold his former Epicure assemblage on Alton Road, where he planned a luxury office and apartment project, to Infinity Collective, The Real Deal has learned. The sale comes as Shvo is fighting to hold onto control of the nearby Raleigh condo and hotel development on Collins Avenue, amid his dispute with Germany’s largest public pension fund, Bayerische Versorgungskammer. BVK backed some of his investments in the U.S., including the Raleigh, but it was not invested in the Alton Road site. Shvo’s BH The Alton LLC sold the properties at 1656, 1664, 1676 and 1680 Alton Road, and 1677 […]This article originally appeared on The Real Deal. Click here to read the full story.
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