The partners in this venture are the Finvarb Group, a real estate development and investment company led by Ronny Finvarb and Richard Finvarb, renowned for developing quality mixed-use hotels in premium urban locations throughout the United States, and Chahine Investment Corp, a family office subsidiary managed by Agathe Chahine who also provided a mezzanine loan in the amount of $22,300,000. The Family office focuses its investments on office buildings, luxury hotels, private equity, and financial markets.
The mixed-use project consists of a 150-room full-service Thompson Hotel by Hyatt, parking garage with 116 spaces, and various retail spaces on the ground floor. The unique architecture was designed by French architect Rudy Ricciotti, and consists of undulating balconies that curve and protrude sporadically for an appealing art-inspired façade. A rooftop restaurant, swimming pool, and deck area complete the dreamy project which looks out to Soundscape Park and the New World Symphony building designed by Frank Gehry.
The subject site sits catty corner to the Fillmore Miami Beach at Jackie Gleason Theater and the expanded 1.2 million square foot Miami Beach Convention Center.
“We feel honored to contribute and be part of a project that is sure to draw much attention and intrigue thanks to the captivating style of this new South Miami Beach building,” says Calixto (Cali) Garcia-Velez, President & CEO of Banesco USA. “The project will enhance tourism offerings…
