MIAMI, December 13, 2021 / PRNewswire / – A Joint Venture Between Leading Real Estate Related Group, Sagi teddy bear and BH Group are under contract on Parcel 7, the last development parcel available in Miami Beach history of Fisher Island. The partnership plans to develop an ultra-luxurious boutique condominium in what is now known as America’s richest zip code. The purchase price was not disclosed.
“We could not be more excited to finally have the opportunity to expand on the island,” said Jon Paul Pérez, Associate President. “Fisher Island has such a rich history and an unparalleled level of privacy; there is really nothing like it in Miami or country. We look forward to delivering a product that raises the bar even higher for this incredible neighborhood. ”
This is the third acquisition for the company Related, Sagi teddy bear and the BH joint venture, closely following the high-profile purchases of West Palm and the City of North Miami. The two flagship companies continue to aggressively seek further joint opportunities throughout South florida.
BH Group, the MiamiA private real estate and investment company, works in partnership with Globe Invest, one of the leading property investment managers in the UK and Europe owned by renowned entrepreneur Teddy Sagi.
“We are only interested in the most Miami, and you can’t beat Fisher Island, “said Sagi teddy bear. “Despite increasing levels of demand for premium packages, we are optimistic about the long-term potential of Florida. There are a lot of leads in this market. ”
The 216-acre Fisher Island is located just off the coast of Miami Beach and is only accessible by ferry or boat. It has long been known as one of the most exclusive communities in the country, with a private golf course and beach, plus a variety of lavish amenities, from butler service to the resident-only restaurant. The artificial island has housed many that of Miami most iconic figures, including the heir to the railway fortune William K. Vanderbilt. It is also home to some of the most prominent real estate listings in the region.
For more information, please visit Relatedgroup.com and bh-ig.com.
About the associated group
Founded in 1979, The Related Group is that of Florida leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception, the private company has built, rehabilitated and managed more than 100,000 condominium, rental and commercial housing. The company is one of the largest Hispanic-owned businesses in United States with a development portfolio of more than 40 billion dollars in 40 years.
The Connexe Group has gained international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties – often in emerging neighborhoods that impact the lives of all demographic groups. The Connexe Group has redefined real estate by diversifying both its products and its buyers, expanding internationally while sponsoring public art installations that enhance global culture and city streetscapes.
Time magazine named founder, president and CEO of The Related Group, Jorge Pérez, one of the 25 most influential Hispanics in United States. Currently, The Related Group has over 90 projects in various stages of development.
BH Group is a Miamiprivate real estate and investment company, working in partnership with Globe Invest, one of the UK’s leading property investment managers and Europe property of a renowned entrepreneur Sagi teddy bear. We carry out acquisitions, development and management of real estate companies in South florida and have carved out a special niche in the highly competitive market of Florida. Over the past 20 years, BH Group has been involved in numerous large scale real estate transactions and developments using strong relationships to provide investors with opportunities that are not otherwise available in the real estate market. These opportunities promote joint venture structures and opportunities with an emphasis on value-added contributions. We are working in partnership with Globe Invest on a number of joint venture opportunities.
Contact: Jenna D’Aniello, [email protected]
SOURCE The Related Group