What would you do if you were badly burnt in the past? Would you move on into a better you, or, remain at a standstill? Miami South Beach Real Estate developer, The Chetrit Group, believes in seeing opportunities in such crises. The development company is pending approval of plans to restore several worn buildings between Washington and Park Avenue, as well as 20th and 21st Street, into a 300-room luxury boutique hotel.
The Chetrit Group will partner with local firm, Ari Pearl, should the city approve plans to restore and rebuild this piece of prime real estate. The location was previously smoldered by several fires that affected more than one property. However, the group envisions a block of rebirth, where history will be stashed away in the books, while a newfound landmark will be built by 2014.
Photo Credit: The Real Deal
Daneil Fletcher for SydneyServerRealEstate.com