Danielle Gonzalez of Greenberg Traurig Advises Empira Group on 2nd Miami Development Site Acquisition
Greenberg Traurig, P.A.’s Miami Real Estate Practise shareholder Danielle Gonzalez assisted Empira Group on its acquisition of a multifamily development site at 901 SW Third Ave. and 244 SW Ninth St. in Brickell.
Danielle Gonzalez, Shareholder
Empira acquired the former Empire Brickell site on April 17, its second multifamily development site in greater Downtown Miami in eight months. Empira, a Switzerland-based institutional real estate investment business, joined the Miami market with aspirations to expand across Florida and the Sun Belt due to increasing demand for high-quality multifamily housing.
Gonzalez handles contract structure, negotiating, and transaction management for Empira’s U.S. expansion.
“Greenberg Traurig is proud to support Empira on another exciting project that will bring much in-demand multifamily housing to Brickell, one of Miami’s fastest-growing neighborhoods,” Gonzalez said. “This is more validation that South Florida’s thriving economy and business-friendly climate are attracting key investments from across the globe. Greenberg Traurig looks forward to continuing to work with Empira as it builds out its presence in South Florida and in other target markets around the U.S.”
Eric A. Castleson, Shareholder
Empira will start building a 26-story, 310-unit Brickell apartment complex in the first quarter of 2024 and finish in 2026. The Coral Gables-based Corwil Architects-designed high-rise will include 380 parking spots and studio, one-, two-, and three-bedroom apartments. The base floor will feature 2,500 square feet of retail space, and the seventh story will contain a pool, fitness centre, lounge, and business centre. The building will satisfy LEED Silver requirements for energy efficiency, water conservation, sustainable materials, and indoor air quality.
The new site is 1.5 miles north of Empira’s previously acquired land at 3025 and 3051 SW Third Ave. in The Roads, where the developer wants to create an 85-unit boutique multi-family complex.
Gonzalez represented Empira in both acquisitions with assistance from Greenberg Traurig Real Estate Shareholder Eric A. Castleson, as well as Land Use Shareholders Carlos R. Lago, Jorge L. Navarro, and Brian A. Dombrowski.
Carlos R. Lago, Shareholder
“Greenberg Traurig’s deep and extensive experience in South Florida, combined with its national and global reach, is valuable as Empira expands its investment in key U.S. housing markets,” said Rafael Aregger, Empira’s Head of Investments US. “Empira is focused on cities experiencing rapid population and job growth, such as Miami, Fort Lauderdale, Tampa, Dallas, Austin, and Phoenix, among others. We believe Greenberg Traurig’s significant presence across Florida and the Sun Belt will be very helpful in navigating new markets and opportunities.”
JLL Capital Markets and Grand Peaks also participated.
About Greenberg Traurig: Greenberg Traurig, LLP has over 2650 attorneys in 45 locations in the US, Europe, the Middle East, Latin America, and Asia. The company is a 2022 BTI “Highly Recommended Law Firm” for client service and consistently ranks in the Am Law Global 100 and NLJ 250. The Diversity Lab certified Greenberg Traurig Mansfield Rule 5.0 Plus. The Centre for Resource Solutions Green-e® Energy programme certifies that the company powers its U.S. headquarters with 100% renewable energy. Philanthropy, diversity, creativity, and pro bono are hallmarks of the firm. Website: gtlaw.com.
About Empira: Institutional real estate investment firm Empira Group is based in Zug, Switzerland. Private equity and private debt residential real estate investments in the US and Germany are the firm’s speciality. Over 100 German and Swiss institutional investors are represented by Empira’s $7 billion AUM. Empira has offices in several German cities, London, Stockholm, Vienna, Luxembourg, and a completely vertically integrated investment office in Miami. Empira Group finds unique investment possibilities to create high-quality, sustainable mid-rise and high-rise residential properties in vibrant and fast-growing US Sunbelt areas. Empira’s website has further info.
For detailed information, as well as the picture copyright, please see the law firm’s original article here: Greenberg Traurig’s Danielle Gonzalez Advises Empira Group in 2nd Miami Development Site Acquisition.