Wednesday, March 13, 2013

Jorge Perez, Sam Nazarian to build $300M SLS condo-hotel in Miami

Jorge Perez’s The Related Group and Los Angeles nightclub entrepreneur Sam Nazarian will develop a $300 million SLS Brickell condo-hotel in Miami.The Wall Street Journal reports that Nazarian’s SBE Entertainment Group and Related will own the 133-room hotel together. Related will develop the 450 SLS-branded condos on top of the hotel.The condo-hotel at 1300 S. Miami Ave. is slated to open in 2015, according to The Miami Herald.Foreign buyers are anticipated to purchase the majority of the…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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