Nahla’s Raleigh Miami Beach expansion plan heads to city commission vote
The multibillion-dollar private equity firm Nahla Capital is seeking approval of a plan to expand the Raleigh Miami Beach redevelopment. New York-based Nahla, led by managing principal Genghis Hadi, will go before the Miami Beach Planning Board on June 2 for comprehensive plan and code amendments allowing the developer to increase the floor area ratio to 2.5 from 2.0, adding more than 66,000 square feet to the project via two additional floors of the residential tower. Nahla paid $270 million for the 3-acre oceanfront development site in October, taking over from developer Michael Shvo and his partners. The property, at […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The silent failure mode: What happens when your AI model quietly gets worse
How agents can vet a referral partner: 10 questions to ask before signing
The examiner never called
Before you say no: 5 borrower scenarios modern LOs can’t afford to miss
Why default servicing breaks at the handoffs
This under-the-radar region is having a 'quiet wine' boom. Here's why
Brightline Miami station retail under court-appointed receivership amid $65M foreclosure
Senate Bill Would Give First-Time Homebuyers Up to $50K—but It Faces Uphill Battle in Congress
Unison faces another class-action lawsuit, this time in North Carolina
Thor Equities, bullish on office, picks up Boca Raton building for $62M
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131