Tag: related group

Buyer revealed: Related exec drops $6M on Miami Beach home

6902 Flamingo Drive and Steve Patterson The president and CEO of the Related Group’s development division has a new Miami Beach home. Related’s Steve W. Patterson and his wife, Carly Patterson, paid $6.2 million for the waterfront spec estate at 2901 Flamingo Drive, Miami-Dade County records show. Patterson has worked…

Related, Rabina close on $105M loan for Fort Lauderdale tower

Icon Las Olas As the year comes to a close, Related Group is wrapping up financing on some of its projects, including a $105 million construction loan for the long-delayed Icon Las Olas tower. Broward County records show Related and Rabina Properties scored financing for the 455-foot tall condo tower…

Related Group expands into Miami’s Wynwood

Carlos Rosso, Wynwood assemblage and Jorge Perez The Related Group purchased a development site in Wynwood, marking the Miami-based firm’s first purchase in the arts and entertainment neighborhood. A Related affiliate of PRH Investments paid $5.25 million for seven properties along Northwest 26th and 27th streets, according to Miami-Dade County…

Developers voice caution on Cuba

Cuba has a wealth of older buildings that could be renovated to lure tourists. From the October issue: When President Barack Obama declared almost a year ago his intention to restore diplomatic ties with the Cuban government, there was great excitement among American developers and investors about the possibility that the…

Alex Rodriguez scores Edgewater penthouse

Rendering of GranParaiso in Edgewater New York Yankees star Alex Rodriguez has purchased a 3,200-square-foot penthouse at GranParaiso in Miami’s Edgewater neighborhood, the developer confirmed to The Real Deal. Alex Rodriguez The Related Group would not disclose a purchase price, but said that similar units sell for more than $4 million,…

Michael Schwartz to open restaurant at Park Grove

Renderings of Park Grove and Michael Schwartz Miami restauranteur and chef Michael Schwartz is adding a second Coconut Grove eatery to his portfolio of restaurants in South Florida, developers of Park Grove announced on Tuesday.  Schwartz will open a 3,500-square-foot restaurant at Park Grove, three-tower residential development with a two-acre…