Developers Win Lease For $1B Miami Mixed-Use Project

Law360, New York (May 24, 2012, 5:52 PM EDT) -- After being shot down a few months ago, developers Swerdlow Development Co. LLC and Lefrak Organization Inc. on Wednesday night won a lease agreement from the North Miami city council to build more than $1 billion worth of commercial, retail and residential space on a former Superfund site.

The decision gives the joint venture, which is formally known as Oleta Partners LLC, rights to take over the city's redevelopment plans of a 183.8-acre site known as Biscayne Landing. The area, which was a city landfill, has...
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