Surfside Real Estate

27
Nov

Law Firm and Former Owners of the Surf Club Come to an Agreement

Surf Club Surfside condo

The former owners of the Surf Club sued their attorney Stanley B. Price and his law firm Bilzin Sumberg Baena Price & Axelrod LLC in the Miami-Dade Circuit Court. However, the parties agreed to settle their differences outside of the Florida courtroom where the case was scheduled to be tried against the Miami attorney.

 

The attorney for the former owners of the Surf Club Surfside Robert Zarco filed the lawsuit but subsequently amended the complaint. In court documents, the attorney Stanley B. Price is accused of causing the value of the Surf Club to go down a considerable amount. The lawsuit alleges that Price caused the Surf Club to be designated as a historical site through his work as the former club owners’ attorney. As a result, the property value decreased by $50 million. The historic designation prevents the owners from developing the land as they would like. Therefore, any future plans would be restricted.

 

The settlement means that the law firm of Bilzin Sumberg Baena Price & Axelrod LLC must pay the former owners of the club the sum of $250,000. However, the law firm will not be directly responsible for paying this large sum of money to the club’s former owners. The law firm’s insurance company will be charged with paying the settlement. In this agreement, the law firm is not required to admit to any wrongdoing, and the plaintiffs have agreed that the law firm did not have any liability in this case.

 

The law firm and the proprietors of the Surf Club condos in Surfside wrote a joint statement after agreeing to the settlement. Both parties agreed that extensive investigation into this matter demonstrated that the law firm of Bilzin Sumberg Baena Price & Axelrod LLC and the attorney Stanley B. Price did not perform any actions that were outside of the law. Rather, both parties agreed in the statement that the law firm was diligent in representing the Surf Club condominium in its bid to receive the tax relief that the company wished to obtain. The law firm acknowledged the fact that the club praised its efforts to obtain the tax relief that was requested, and the legal partners expressed their hope that the club’s former owners will be successful in their future endeavors.    

 

The club is a 1930-vintage building that the owners decided to put up for sale. Developers purchased the property in 2012 for $116 million. The new owners are going to construct a luxurious condominium building, but they plan to keep the historic structures intact. Rather than tear these buildings down, they will restore them to their former glory.

 

Nadim Achi is the founder and managing partner of Fort Capital Management, and he is the person who is at the head of development for this project. His organization is a real estate investment firm that is based in Miami. Achi was responsible for gathering several important investors together for this project, and they include the Turkish conglomerate the Koc Group, Boston’s Cabot family and many families from Brazil and Peru.    

 

 

7
Oct

Chateau Ocean Residences Surfside

Chateau Ocean Condo Surfside

Introducing Miami’s New Chateau Buildings

Bal Harbour is going to have a fabulous new neighbor in an ultra-luxurious condominium building that will have a fantastic view of the Atlantic Ocean. The new construction will be a tower in Surfside  that will contain 60 glorious condominium homes next to the immaculate sands of the beach. Arquitectonica is responsible for designing this building, and this means that new residents are going to be treated to architecture that is like no other anywhere in the world.

 

The new building will be called the “Chateau Ocean Surfside,” and the Chateau Beach is currently being built in Sunny Isles Beach. Prospective residents cannot see the units in the Chateau Ocean pre-construction Surfside, but they can inquire about them, and it would be a good idea to do so right now. Many people are likely to show an interest in this building, so it would be advantageous to prospective buyers to express interest in the Chateau Ocean residences Surfside early.

 

The Features

 

You aren’t going to be able to find a corner in this building that is not devoted to luxury. All this building would need are the unbelievable views of the ocean to attract throngs of people, but it can offer a lot more.

The swimming pool will be great for taking a relaxing swim, but it will also have a bar and a dining area. The rooftop deck will offer residents privacy as well as another place to enjoy a dip in the pool. The beachside area of the building will have even more swimming pools where residents will be able to enjoy luxurious excursions in the water in full view of the all-embracing Atlantic Ocean. 

 

Residents will also have the option of visiting the property’s bar that is located in the lobby where they can take time to visit with their neighbors or meet with clients. They will have the opportunity to impress their clients even more when they meet at the outside cabanas along the beach because these areas are going to ensure that people enjoy a sense of extreme opulence.

 

People expect affluence when they are in Miami, so this building will give it to them right from the beginning. When residents arrive home, a valet will always be there to park their cars for them in a secure parking area.

 

The pre-construction price is currently about $1,300 per square foot, and the homes will range in size from 3,000 square feet to 10,000 square feet.

 

Becoming More Acquainted

To become more acquainted with this property, contact Walter Abolsky at Oceanfront Realty. The units are going to be of such high quality that they will not be for sale for long. The Chateau Ocean condominium Surfside is the only building that will suit your needs if what you are looking for is a newly constructed condominium building that has direct access to the beach.

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