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Purchased the Miami Heart Institute on Miami Beach, a 700,000 square foot waterfront hospital situated on 7.1 acres of land, in partnership with Elliott Management Corporation, and successfully rezoned it for residential living.

It is under construction to become the ultra-luxury Ritz- Carlton Residences, Miami Beach with a projected sellout of approximately $600 million.

The Ritz-Carlton Residences, Miami Beach is master Italian architect Piero Lissoni’s first architectural project in the U.S. and are being designed in collaboration with award-winning Miami architecture firm ADD Inc. This expansive, amenity-rich property will feature gardens, pools, entertainment spaces and a private marina for 111 condominium residences and 15 single-family villas. The two-to-five-bedroom homes range in size from 1,700 to over 10,000 square feet, in a selection of 60 unique floor plans, with striking interiors also custom-designed by Lissoni Associati. The Residences are priced from $2 million to over $40 million and are scheduled to be completed in 2016.

Web Site : http://www.lheartcapital.com/rcrmb

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