JV plans mixed-use project in North Beach after paying $16M for site

Abraham Bergman, Opal Realty NY and The Scharf Group are planning a mixed-use project in Miami Beach, after buying a development site for $15.5 million.  The joint venture acquired two parcels at 7410 Collins Avenue and 7400 Harding Avenue in the city’s North Beach neighborhood, near the planned Ocean Terrace development by Witkoff, Alex Blavatnik and Sandor Scher, a press release states.  Bay Harbor Islands-based Benmark Capital, led by CEO Mark Simon, provided an $11.9 million acquisition loan. Bergman’s New York-based Eastern Union brokered the mortgage, Simon told The Real Deal.  “Because of our ability to close quickly, Abe [Bergman] […]This article originally appeared on The Real Deal. Click here to read the full story.