BH Group makes $160M buyout play for Coconut Grove’s storied Mutiny condo-hotel
BH Group is mounting a $160 million bulk-condo buyout for Coconut Grove’s storied Mutiny condo-hotel. Aventura-based BH, led by Isaac and Liat Toledano, recently notified owners of the 12-story high-rise’s 170 units that the firm is aiming to acquire the building, Coconut Grove Spotlight reported. BH is the latest developer to make a play for the waterfront property after prior bids failed. Aging condos across South Florida face mounting repair costs and tougher reserve rules in the wake of the Champlain Towers South collapse, making buyouts tempting for sellers. Built in the late 1960s, The Mutiny is a Miami landmark […]This article originally appeared on The Real Deal. Click here to read the full story.
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