Pebb Capital sues Miami Beach to enforce Live Local Act
A developer is suing the city of Miami Beach, alleging city officials are illegally blocking a joint venture’s plan to redevelop an Art Deco hotel into a Live Local Act mixed-use project with 249 apartments and 38 hotel rooms. In a complaint filed last month in Miami-Dade County Circuit Court, the entity that owns the vacant Bancroft Hotel at 1501 Collins Avenue, and Ocean Steps, an adjacent retail complex, accused the city of Miami Beach of violating the state’s Live Local Act, which allows developers to circumvent local zoning laws to build high-density projects with workforce housing units, set aside […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131