FIRST ON PROFILE: DAMAC International Submits Revised Sanitation and Service Bay Access Plans For Proposed Surfside Project

DAMAC International, a Dubai-based luxury property developer who purchased the 1.8-acre site at 8777 Collins Avenue in Surfside with plans for an iconic Zaha Hadid Architects-designed 12-story tower, has addressed the concerns of some members of the Champlain Towers memorial committee regarding refuse collection and the building’s service access bay along 88th Street. DAMAC International, led by Hussain Sajwani, has now resubmitted amended plans in accordance with the Town’s new policy.

At the recent Planning & Zoning meeting on August 31st, officials announced new town guidelines stating that refuse would no longer be collected on private property, but would rather be collected on the roadside. This raised concerns from a few memorial committee members of the proximity of the refuse collection point and the building's service bay access to the planned partial road closure of 88th Street to accommodate the memorial park for the Champlain Towers tragedy.

DAMAC International amended the plans with their architect and has relocated the refuse holding area to the building basement and created a pathway that arrives from the basement to the refuse collection point and avoids the use of 88th Street.

A Town Memorandum dated September 12th stated: “The collection point designated will be at the junction of 88th and Collins, and this location will also be used for sanitation personnel staging during the waste collection of both properties abutting 88th Street. The town designated this area to be of low impact on the quality of the area while optimizing sanitation personnel safety.

Additionally, the area will not have an impact on the proposed memorial park as the footprint is adjacent to an existing driveway. The location was coordinated with the proposed 88th Street closure. The sanitation collection schedule for commercial properties is from 7:00 am to 10:00 am. The expected staging for the proposed development is 5 minutes per pick-up day, which is scheduled differently for every property depending on the customer’s needs.”

As part of this review, DAMAC International has also been able to reposition the building’s service access bay further west by 15 feet resulting in more open spaces along 88th Street for the memorial park.

“The change in the Town’s policy allowed us the opportunity to enhance the open spaces available for the memorial park and addressed the sensitivity around this topic,’’ said Niall Mc Loughlin, DAMAC International Senior Vice President of Communications. ‘’We appreciate the opportunity to welcome 8777 Collins Avenue into our property family and do our part as a new member of this great community by using our resources to make an impact on the quality of life for all who live, work, and visit there.”

In August DAMAC Properties responded to misconceptions and misinformation following the July 25th Town of Surfside Special Commission Meeting in order to promote an informed dialogue following PROFILEmiami first revealing the Zaha Hadid-designed proposal in June.

DAMAC Properties and DAMAC International have been at the forefront of the Middle East's luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom.   

Since then, the company has delivered approximately 46,000 homes. Joining forces with some of the world’s most eminent fashion and lifestyle brands, DAMAC has brought new and exciting living concepts to the market in collaborations that include luxury homes in association with Versace, Cavalli, Just Cavalli, de GRISOGONO, Zuhair Murad, Vincent Faudemer, Paramount Hotels & Resorts, Rotana and Radisson Hotel Group. With a consistent vision and strong momentum, DAMAC Properties is building the next generation of Middle Eastern luxury living.

Renderings via DAMAC International

FIRST ON PROFILE: DAMAC Sets The Record Straight Addressing Misconceptions Following Special Commission Meeting, To Proceed With Submission B

FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer renowned for setting ambitious standards in design and innovation around the globe, and the developer behind the forthcoming Zaha Hadid Architects-designed ultra-luxury condominium at 8777 Collins Avenue in Surfside, is setting the record straight to address misconceptions and misinformation following the July 25th Town of Surfside Special Commission Meeting in order to promote an informed dialogue. The developer is set to move ahead with Submission B, the wedding cake design which meets all current Town zoning requirements.

In June 2023, DAMAC submitted an application for site plan approval incorporating two design variations by the world-renowned architectural firm Zaha Hadid Architects for 8777 Collins Avenue to the Town of Surfside. As part of the application, DAMAC submitted two design variations with a common theme. The submission was based on alternative interpretations of the Town’s regulations. Submission A features consistent elevations on all sides and Submission B, colloquially referenced as the “wedding cake,” steps in on the South elevation.

Following the Town Commission vote on July 25th not to proceed with an ordinance that would, if adopted, establish a mechanism for Commission to provide setback flexibility for sites in the H-120 zone, DAMAC will be proceeding with Submission B, which is the wedding cake design. Submission B meets with all current Town zoning requirements but the proposed development at 8777 Collins Avenue is not without challenges.

The developer understands the unique and significant sensitivities involved with this property and remains committed to addressing concerns and to maximizing benefits for stakeholders while also ensuring privacy for future residents of its exclusive boutique condominium.

There have been several myths surrounding the proposed development and facts to dispel inaccuracies responded to in a statement provided by DAMAC International to PROFILEmiami can be found below:

MYTH 1:

A nefarious meeting was held in Dubai between the developer and Mayor of Surfside, and the developer bankrolled the trip for its own gain.

FACT:

Not true. As part of a planned journey to Israel for his son’s graduation last year, the Mayor of Surfside had a prearranged stopover in Dubai. During this stopover the Mayor of Surfside attended a meeting, suggested by senior management at DAMAC International, to meet with the DAMAC Chairman. This allowed them to meet for the first time and casually discuss the developer’s plan for 8777 Collins Avenue and how a memorial might be accommodated on site.

DAMAC strongly objects to any inference of wrongdoing. It should also be noted that DAMAC did not pay for any flights, accommodation or any other expenses incurred by the Mayor during his stay.

MYTH 2:

A memorial to the victims of the Champlain Towers South disaster will/should be located in the center of the property.

FACT:

The Town of Surfside and the Town’s Memorial Committee have already agreed to a memorial immediately adjacent to the property on a portion of 88th Street. This decision is memorialized in the Town’s Resolution Number 2022-2853, passed on January 11th 2022, whereby the town manager was directed to pursue all governmental approvals necessary to permanently close a section of 88th Street located in between Collins Avenue on the west and the public beach to the east for a memorial park and pedestrian plaza.

DAMAC purchased the property out of receivership as part of a court-directed process to fund a compensation fund for victim families. There is no condition of the sale requiring a memorial to be located on the site.

Despite being under no obligation to accommodate an onsite memorial, DAMAC has attended and partook in discussions with Surfside Commissioners and members of the Town’s Memorial Committee more than a year ago, to discuss the potential to incorporate a memorial on the property. The ordinance modifications necessary to facilitate a memorial on the site was subsequently rejected by the Town of Surfside on 25th July 2023.

MYTH 3:

DAMAC proposed the potential setback ordinance modifications discussed by the Town Commission on July 25th for its own benefit.

FACT:

The ordinance modification was proposed by Town management following meetings with victim families where some family members had asked for the opportunity for an extension of the public memorial on the property. The ordinance, if adopted, would provide the Town Commission the flexibility to adopt modified setbacks for the property that would, in turn, allow additional space to be created for an extension of the public memorial space. The ordinance change is not necessary for the development of the property as proposed.

MYTH 4:

If the ordinance reviewed on July 25th is ultimately approved, DAMAC would be the sole beneficiary of the ordinance and would receive 37,600 square feet extra buildable area (worth $50 million) as a result.

FACT:

Not true. First, the proposed ordinance would apply to all H-120 zoned land and is not exclusive to the property.

Second, DAMAC’s current plan Submissions are roughly equal in overall size and the application of the proposed ordinance would not result in additional floor area.

The Town Attorney clarified this issue at the July 25th Commission meeting. See link to video here.

Niall Mc Loughlin, DAMAC International Senior Vice President of Communications concluded “We also note comments from the previous Town Commission prior to the sale of the site (and repeated by the former Mayor at the July 25th meeting) that the Town is committed to not “down zoning” the property.”

“Given the upcoming Town elections, DAMAC would not be surprised to see further caustic ‘political theatre” in Surfside, additional grandstanding, and attempts to derail the project and publicly discredit the company for political gain or self-interest. We are confident that the submitted project is consistent with the Town’s regulations and look forward to continuing to work with the Town and stakeholders,” said Niall Mc Loughlin.

Renderings via DAMAC International

This article was published via a statement provided by DAMAC International. PROFILEmiami takes no ownership or responsibility behind any of the statements in the above article. All statements should be independently verified.

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FIRST ON PROFILE: Dubai-Based Developer DAMAC International Submits Pair Of Zaha Hadid Architect's Preliminary Designs For Surfside Development Site

FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer led by Hussain Sajwani, it has submitted its application for planning approval to the Town of Surfside, incorporating Zaha Hadid Architects’ (ZHA) stunning design. Zaha Hadid Architects has produced a pair of design variations for a 12-story ultra-luxury boutique oceanfront condominium with 57 residences at 8777 Collins Avenue. The submission takes place less than a year from when the 1.8-acre oceanfront property was purchased in July 2022.

This commission marks the second Miami project for the award-winning British architecture and design firm founded by the late, Pritzker-prize winning architect Zaha Hadid. Zaha Hadid Architects were the vision behind One Thousand Museum Tower, the firm's first Miami masterwork, which became an immediate icon when it debuted in 2019 with an eye-catching, curving exoskeleton.

Each project by Zaha Hadid Architects is the very specific assimilation of its unique context, local culture, programmatic requirements and intelligent engineering— enabling the architecture and surrounding urban fabric to seamlessly combine, in both formal strategy and spatial experience.

“We are honored to have been chosen for this very special project. While no work of architecture can ever remove the pain of the past, nor should it, a truly ambitious work of architecture can respect such a significant site,” said Chris Lepine, Director, Zaha Hadid Architects. “It’s a great responsibility to be providing this vision for Surfside.”

As part of the planning application to the Town, DAMAC has elected to submit two variations of a common theme for consideration. The submission is based on alternative interpretations of the town planning ordinances. The first which steps in on the South elevation and the second with consistent elevations on all sides. The intention is to provide the Town with designs that we believe accord to the ordinances and meet the highest design standards possible under each interpretation.

Both designs feature a twin-building duality, with a sculptural form modulated with nested crescents that coalesce at the corners. These soft, cloud-like elements, stretch pull and contract emulating the ebb and flow of the ocean to animate the façade. Balconies stagger, never aligning vertically, to give variety to every floor and so that horizontal movement is emphasized. Balcony extensions, shading elements and geometric curves help to ensure privacy between condominiums and their adjacent spaces with a contemporary reinterpretation of privacy fins, a characteristic detail of Miami Modernism’s (MiMO) patterned screens filtering the strong Miami sun.

Each proposal incorporates precision-engineered façades that echo the colors and textures of sand within the adjacent dunes and beach. The rich materiality of these crafted facades embeds the building within its Surfside community and warmly reflects the magnificent variety of light throughout each sunrise, daytime and sunset on Miami’s internationally renowned coastline.

The designs maximize views and natural light into the condominiums from at least three aspects. The condominiums will flow seamlessly from indoors to outdoors with generous balconies extending the internal living space capitalizing on the Miami weather and ocean breezes. The condominiums, ranging from 4,000-15,000 square feet, will provide a variety of living experiences to the residents. The community amenities will include a 100-foot rooftop pool bridging across the atrium between the north/south arms of the building with direct views of Downtown, as well as a 75-foot indoor exercise pool.

Adjacent to this pool will be a spa and gym with views to the exterior landscape. The building is set within landscaped grounds enveloped by nature, reflective of its beachfront location and interface with the dunes and ocean.

"We are pleased to submit our planning application, featuring Zaha Hadid Architects’ design variations for the Town’s approval," said Niall Mc Loughlin, DAMAC International Senior Vice President of Communications. “They have raised their own bar once more with these two design variations, expertly weaving together form and space to engage the senses, and create an unrivalled ultra-luxury experience and a true sense of place.”

“We know we cannot replace what was so painfully lost, but it is our desire that the building honors and respects its location at the heart of Surfside’s community and offers a sense of closure to the tragic event of the past while also providing a sense of a new beginning,” added Mc Loughlin.

Arte Surfside Officially Sells Out At Nearly $225 Million As Penthouse Leased By Ivanka Trump And Jared Kushner Sells For $17 Million

Arte Surfside, the ultra-luxury 12-story oceanfront luxury condominium at 8955 Collins Avenue, has officially sold-out for near-$225 million following the closing of Residence 201, its last remaining listing, for $17 million in as-is condition. The six bedroom home spanning 6,975 square feet of interior space and 1,488 of terrace space was designed by master Italian architect Antonio Citterio and sold unfurnished to a family, who were drawn to its water views and large living spaces featuring two kitchens, a dedicated oceanfront entertaining level, and a master suite overlooking the ocean. The residence was previously leased to Ivanka Trump and Jared Kushner.

Arte was successful in attracting the most discerning luxury buyers in the world, with many hailing from the U.S. Northeast, and was recognized globally for setting impressive new sales records, including executing on a cryptocurrency penthouse transaction. At around $3,000 per square foot, Arte achieved the highest blended price per foot in addition to the highest average cost per unit that has closed to date in any new development recorded in Miami Dade County and arguably Florida. Furthermore, with almost $225 million in total sales, Arte holds the highest gross sale price for a new boutique development in Miami.

“Arte represents a new tier of ultra-luxury in Miami Beach,” said Alex Sapir, Chairman of Sapir Corp LTD, an Israel-and New York-based subsidiary, who, developed the project. “This development has redefined all expectations for oceanfront living and showed the market that unprecedented prices a square foot are possible. We have set a new standard with Arte, and I’m proud to have led such a tremendous project.”

“It’s thrilling to watch a project you conceptualize from the ground up become a record-breaker in so many categories,” said Giovanni Fasciano, co-developer of the project. “We envisioned the ultimate Miami Beach lifestyle with the perfect combination of only 16 residences, masterful architecture, all of the amenities and services of a five-star resort and a collection of blue-chip artwork that actually inspired the building’s name. Buyers gravitated toward this highly customized, personal approach, and they have now come to know us as developers that go far above and beyond what’s expected.”

Arte’s sales success is a result of the huge demand for large oceanfront residences in Miami Beach. The homes at Arte feature expansive indoor and outdoor spaces, with square footage starting at 3,126. The two largest residences, the Penthouse and Lower Penthouse, were both landmark deals for the market, with the Penthouse selling at $33 million, and the Lower Penthouse selling at $22.5 million setting a record price per square foot of $4,440. These two transactions serve as a benchmark for Surfside condominium sales today. The achievements also underscore the validity of the developers’ initial vision for Arte and prove the building’s aptitude to set multiple records in real estate.

“We are thrilled to have been part of this exciting project, that has brought world class design and architecture to Surfside,” said Howard M. Lorber, Executive Chairman of Douglas Elliman.

Reinforcing Arte’s desirability in the market was incredible architecture by Antonio Citterio, in collaboration with Kobi Karp Architecture and Interior Design. Nodding to the legacy of ancient landmarks such as the Colosseum, the building touts a memorable Roman travertine façade, broad expanses of sliding glass doors and a gridded bronze Schuco window system.

Owners of the 16 residences at Arte enjoy a lavish lifestyle with expansive interiors and a wide array of first-class amenities. The amenity package includes a 75’ indoor swimming pool, an outdoor swimming pool, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and a tranquil meditation pond. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining and private temperature-controlled parking spaces.

Arte has become one of the most recognizable and celebrated residential projects in real estate. The building’s legacy has been cemented with its sellout and will only continue to strengthen and grow as buyers increasingly desire boutique oceanfront residences with a focus on privacy and exclusivity. Arte has laid the groundwork for developers Alex Sapir and Giovanni Fasciano to expand globally.

“Douglas Elliman had a true partner working alongside Alex Sapir, Giovanni Fasciano and the entire Arte team who understood the needs of the most discerning buyers and helped us to set a new bar for luxury in the Miami Beach and Surfside Markets,” said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “We look forward to future collaborations.”

Sales at Arte were exclusively handled by Douglas Elliman Development Marketing, with Miltiadis Kastanis and Dina Goldentayer representing the seller in the Residence 201 deal.

Rene Gonzalez Architects-Designed Surf Row Residences Beachside Homes Revealed In Surfside

Linéaire Group has revealed Surf Row Residences, a collection of eight private beach homes set to rise in Surfside. Inspired by Surfside’s rich heritage and natural beauty, Surf Row Residences aims to introduce the next level of urban beach living. Envisioned by award-winning architectural firm Rene Gonzalez Architects (RGA), known for their site-specific design and architecture, the ultra-luxury residential development is set to become a landmark synonymous with contemporary living and quiet prestige in Surfside.

The residences will be a modern interpretation of the brownstone tradition, reimagined for South Florida. With careful consideration for the surrounding environment, the development maximizes the use of natural light and local materials to distill an ingrained sense of place, paying homage to its history, neighbors, and landscape.

Developed by Linéaire Group, in partnership with ONE Sotheby's International, the project offers a different combination of living spanning two-story three- or four-bedroom floor plans and three-story four- or five-bedroom floor plans with between 3,500 - 5,600 SF of indoor space. In addition, the homes will have more than 2,000 SF of private outdoor living space, including a rooftop with a plunge pool, a summer kitchen, and an expansive veranda. There will also be two and three-car private garages and an enclosed front patio and garden further mirroring the single-family living experience.

Owners will have access to quintessential luxuries, such as an office space, library, meditation and exercise room, humidity-controlled garage, and private elevators. The project is also in talks with a few potential partners to offer a private beach club and property concierge services.

Only a few residences have been released for sale with pricing starting at $5.9 million. The project is slated to break ground in Q2 2023 with completion scheduled for Q4 2024.

Check Out This 20K SF Waterfront Lot Complete With Plans For Kobi Karp-Designed Surfside Tropical-Modern Mansion Asking $12.95 Million

Located on the tranquil Indian Creek waterway, an oversized 20,000+ SF lot in Surfside with 107’ of water frontage is asking $12.95 million. The property is being sold with plans designed by legendary architect Kobi Karp for a 10,016 SF tropical modern mansion with 8 bedrooms, 8 full-baths and 2 half-baths. The home design provides the ultimate privacy from neighbors with a functional sleek modern design creating the ultimate oasis. Elements of water and greenery are seen throughout the design, highlighting the unobstructed waters views of Indian Creek. When designing the home Kobi Karp anticipated every discerning buyer's needs from its grand entrance, outdoor lounge, sunken fire pit, chef's kitchen, lap pool, spa, gym, theater/library, in-laws quarters and separate staff room.

9250 Bay Drive, Surfside, FL 33154 is currently listed for $12.95 million with Mendel Fellig of Compass.

Check Out This Lavish Condo With Custom Wave Ceilings Asking $37 Million At Four Seasons at The Surf Club In Surfside

A completely custom turnkey oceanfront residence at Four Seasons at The Surf Club, which offers old world charm matched with modern day Tulum vibes, is seeking a Surfside record $37 million. The lavish residence spans four bedrooms and four bathrooms with 5,321-sq ft of interiors and over 2,000-sq.ft. of balcony space, the home’s essence is unparalleled. With architectural design by Richard Meier and interiors by Greenauer Design Group, the space carefully utilizes imported materials from around the world mixed with thoughtfully placed artwork and botanical accents.

A curvaceous pattern emulating the waves of the ocean flows across the ceilings in the common spaces accentuating the breezy and sophisticated atmosphere that opens up to stunning wraparound views of the water. Find a full service, custom hand poured concrete wave shaped bar with glass shelves that are backlit for the resort-style vibe. The Eggersmann German kitchen with Taj Mahal stone features all the latest appliances and touch to open technology.

The residence features dual master bedrooms with one offering a private access path back to the home office. The bathroom suite has heated stone floors and is ensconced in floor to ceiling stone tile with a full stone clad vanity. A free standing tub is cut from a block of stone imported from Portugal and features a walk-in closet with accent lighting.

The second master suite is a sanctuary with hand textured plaster walls from Kiev, Ukraine and stone accents from Eggersmann German. The bathroom dawns heated floors and stone with a freestanding stone tub cut from a block of stone in Portugal. The walk-in shower is tailor made for two with accent lighting and double shower heads with a rain shower above and relaxation lighting.

A hidden door found behind a botanical themed powder room leads to a full shower suite to wash away the sand before entry to the main living space. A study features hand forged steel shelves and a unique desk designed by a Brazilian furniture maker, with an added perk of a king size fold down bed.

Complete with a temperature controlled tandem 2 car garage space. Owners enjoy unparalleled services and amenities connected to your condo at The Four Seasons Surf Club– concierge, housekeeping services and more. The building amenities include a private beach club, cabanas, multiple pools, spa, restaurants.

Four Seasons at the Surf Club is 9111 Collins Ave N721 is listed for $37 million by Jaclyn Bild and Joyce Gato with Douglas Elliman and comes fully furnished.

Images via Legendary Productions @become_legendary/ @legendaryproductions

Dubai-Based DAMAC Properties Closes On $120 Million Surfside Site Of Collapsed Condo, To Build Cavalli-Branded Condo

The Dubai-based DAMAC Properties, who was revealed as the she stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021, has closed on the site for $120 million. DAMAC Properties, led by billionaire developer Hussain Sajwani, is planning to develop a Cavalli branded condo project on the site.

The developer agreed to a $120 million bid for the oceanfront property located at 8777 Collins Ave. via one of their US entities, East Oceanside Development, LLC. in September 2021. Court-appointed trustee Michael Goldberg issued the deed for the site at 8777 Collins Avenue which spans ±1.88 acres or ±81,886 square feet. The proceeds from the sale will go toward the $96 million settlement for the Champlain Towers South unit owners who lost their home in the tragic collapse.

The Cavallli Surfside condo will be DAMAC Properties’ first project in the United States. Sajwani’s private equity firm Vision Investments purchased the Cavalli luxury fashion brand in 2019. DAMAC Properties launched a 70-story Cavalli Tower in Dubai in 2021.

Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg tabbed Avison Young, led by Michael T. Fay, to market the property in late-August 2021. Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth oversaw the sale, pro bono.

The Dubai-Based DAMAC Properties Revealed As $120 Million Stalking Horse Bidder Of Site Of Collapsed Surfside Condo

The stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021 has been revealed as the Dubai-based DAMAC Properties, led by billionaire developer Hussain Sajwani. The developer agreed to a $120 million bid for the oceanfront property located at 8777 Collins Ave. via one of their US entities, East Oceanside Development, LLC. East Oceanside Development will be required to submit a $16 million deposit with $150,000 non-refundable and the developer will now begin two months of due diligence on the site. The Surfside land at 8777 Collins Avenue spans ±1.88 acres or ±81,886 square feet.

Once the initial bid is finalized by Honorable Judge Michael A. Hanzman other developers will be able to submit bids on the property to potentially push the price higher. Judge Hanzman has the final decision over which developer wins the bidding considering input from the lawyers overseeing the class-action negligence case with the final decision expected in the spring of 2022. Hanzman wants the sale to produce as much proceeds as possible in order to help compensate the families of the 98 people who lost their lives in the collapse and countless others who lost their homes. The victims and their families will also be the beneficiaries of a $49 million insurance payout.

Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg tabbed Avison Young, led by Michael T. Fay, to market the property in late-August. Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth are spearheading the sale, pro bono.

Avison Young's Michael T. Fay Launches Marketing For The Former Site Of Champlain Towers South In Surfside

Pursuant to the direction of the Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg, Avison Young, led by Michael T. Fay, has officially launched the marketing process for the sale of the Champlain Towers South site in Surfside, Florida. Efforts to establish a suitable memorial immediately adjacent to or near the site honoring the cherished memories of the victims of the horrific tragedy of June 24, 2021, are ongoing. The news comes as the reported stalking horse bidder continues to review their $120 million contract.

Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth are spearheading the sale, pro bono. The team welcomes all inquiries regarding the property and will soon announce the date and time for a live bidding process to take place in the courtroom in the coming weeks. Additionally, a contract for $120 million is in review by an undisclosed stalking horse bidder.

“It’s an honor for our team to sell this site through Receiver Michael Goldberg and Judge Michael Hanzman for all the families and victims of this sad tragedy,” said Michael T. Fay, Principal, Managing Director - Miami, Chairman, U.S. Capital Markets Executive Committee at Avison Young.

The Surfside land at 8777 Collins Avenue spans ±1.88 acres or ±81,886 square feet. The offering memorandum is available to the public and can be downloaded via the following link: http://properties.avisonyoung.com/surfside