Ronny Finvarb pays $19M for Citibank building in South Beach, plans hotel

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1685 Washington Avenue and Ronny Finvarb

Developer Ronny Finvarb paid $19.2 million for a Citibank branch building in South Beach where he plans to build a 150-room hotel, sources told The Real Deal. The Finvarb Group bought the property at 1685 Washington Avenue, which is across the street from the New World

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