The Miami Beach properties sold to a partnership in June for $36M
March 23, 2016 05:30PM
By Katherine Kallergis
Washington Squared Owner LLC, an entity controlled by Andrew Joblon, wants to build a Z-shaped hotel with 312 micro-hotel rooms, the Next Miami first reported. Joblon, of Turnbridge Equities, is partnering with Michael Fascetelli and Eric Birnbaum of New York-based Imperial Companies on the project. Fascetelli was chief executive of Vornado Realty Trust until his resignation in 2013.
The LLC paid $36 million for the block between 601 and 685 Washington Avenue in June. It recently submitted plans to the city’s planning board, which will review the proposal at its meeting April 19.
The seven-story hotel, designed by Nichols Brosch Wurst Wolfe (NBWW), Raymond Jungles and Morris Adjmi Architects, would include ground-floor retail and a third-floor amenity deck with a pool, private cabanas, club bar, outdoor and indoor cafe, and a concierge desk.
Read the Full Story HERE >>> Source: The Real Deal Andrew Joblon | Washington Avenue | Micro Hotels