Portman-CMC Spares Theater In Miami Convention Center Bid

Law360, Miami (April 24, 2013, 8:41 PM EDT) -- South Beach's Jackie Gleason Theater will stand as part of any redevelopment of the Miami Beach Convention Center, as Portman-CMC, one of two finalists for the project, backed off plans to raze the building in the face of public opposition, the group's leader said.

Portman-CMC, a teaming of global real estate investment firm Portman Holdings LLC and local developer Ugo Colombo's CMC Group Inc., acknowledged residents' and other stakeholders' concerns in a statement Tuesday announcing its altered plans, which originally called for building a hotel on...
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