Turkish developer loses North Miami Beach apartment tower dev site to lender
Four years after scoring approval for a 354-unit luxury apartment tower in North Miami Beach, developer Celal Ozkan lost the site to the lender in bankruptcy court. An affiliate of CEO Contract, led by Ozkan, will turn over the nearly 1-acre site at 16300 Northeast 19th Avenue to Miami Beach-based Safe Harbor Equity, which had provided an $8.5 million loan for the site in 2022, according to court records. CEO Contract has offices in Istanbul and New Castle, Delaware. Federal bankruptcy court Judge Laurel M. Isicoff in Miami approved the sale last week to Safe Harbor’s distressed debt fund 3. […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Buyer of Wynwood office building alleges “dangerous conditions” and “Band-Aid” repairs in suit against East End
Golden Beach spec home asking $80M tops signed contracts in Miami-Dade
BH, Lennar tap Elliman to sell single-family homes on former golf course west of Aventura
Oceanfront mansion lists for $195M in potential Palm Beach record
Resi roundup: Architect’s landmark Palm Beach home sells for $28M, waterfront mansion goes for $27M
Marina showdown: Inside the proposed $80M redevelopment of Rickenbacker Marina, Marine Stadium Marina
South Florida’s top deals: Former Pfizer exec sells Palm Beach home for $27M
Wealth building starts with behavior, expert tells Realtors
BREAKING NEWS: Florida Realtors supports property tax reform
South Florida Dirt: Mandarin Oriental Boca Raton developer fires back
