Lawsuit Claims Seller Hid Pending Historic Designation for Miami Church
September 27, 2016 | Back to News
David Silver Quote :
The process for historical designation takes several months, if not longer,” Silver said. “In this particular context, there were over 100 buildings being redesignated at the time. All owners were given notice to object.
When Miami investor Remy Jacobson purchased a 1961-built church in one of Miami’s trendiest neighborhoods, he knew it was a good deal for several reasons: The Design District building was minutes from new high-end shops and restaurants, and was ripe for redevelopment. He thought it was well worth the $10.5 million price tag.
“It was such a smooth deal;no hiccups,” Boca Raton lawyer Joshua Krut said shortly after the deal closed in April. Krut, a partner at Kopelowitz Ostrow Ferguson Weiselberg Gilbert, helped the investor buy the building at 4141 N. Miami Ave.
What Jacobson allegedly didn’t know was the property was two weeks away from getting a historic designation, a factor that could derail his plans to modernize the property for retail.
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