1/7/2024 0 Comments Toothfairy miami beachSince then, Dreamscape has invested more than $1.5 billion in lodging, residential, gaming and entertainment properties in the U.S.īirnbaum and Fascitelli continue to oversee their Imperial deals together. Fascitelli, has invested $1 billion in commercial real estate since 2014, including the Washington Avenue property, according to its website.īirnbaum, along with former colleagues from Imperial, launched his own firm, Dreamscape Companies, in late 2019. Imperial Companies, which Birnbaum co-founded with former Vornado Realty Trust president and CEO Michael D. He recently opened Winker’s Diner, Sushi Fly Chicken and Toothfairy at the former Firestone Garage on Alton Road in Miami Beach. Last year, Grutman sold a majority stake in Groot Hospitality to Live Nation Entertainment for an undisclosed amount. Groot owns the nightclub LIV at the Fontainebleau Miami Beach Story Komodo and other food and beverage concepts. Grutman, who also owns Swan in the Miami Design District with Williams, is the founder of Groot Hospitality. Washington Squared Owner LLC paid $36 million for the Washington Avenue block in 2015. The project was partially financed with a $45 million loan from Bank OZK in early 2018. The mixed-use hotel development had been in the works for more than five years. The hotel did not receive additional violations between late July and this week’s meeting. The board on Wednesday voted to delay a vote until November on a motion to revoke the permit or modify its conditions. Prior to a planning board meeting in July, the hotel had received nearly 30 noise violations. The Goodtime Hotel’s attorney, Michael Larkin, appeared before the Miami Beach Planning Board this week regarding the property’s conditional use permit. The trifecta of restaurants will be located at the former Firestone Garage along 16th. The Commercial Observer first reported the loan. The hospitality group is set to unveil three new dining concepts on Miami Beach’s Alton Road on September 3. The retail space will feature a combination of food and beverage, wellness and fashion concepts, Birnbaum said.Ī Walker & Dunlop team led by Aaron Appel and Keith Kurland arranged the financing. The $200 million hotel includes 100,000 square feet of public spaces, 45,000 square feet of ground-floor retail, the 30,000-square-foot Strawberry Moon restaurant and pool deck area. The New York-based firm partnered with Williams and Grutman to open the 266-key hotel earlier this year. ![]() Morgan Chase for the property at 601 Washington Avenue in Miami Beach, according to records and Eric Birnbaum, principal of Imperial Companies. Washington Squared Owner LLC, an affiliate of Imperial Companies, secured the loan from CIM Group and J.P. David Grutman and Pharrell Williams’ Goodtime Hotel scored a $164 million refinancing. Eric Birnbaum, David Grutman & Pharrell Williams with a view of the Goodtime Hotel (Getty Images, LinkedIn, iStock, Illustration by Kevin Cifuentes for The Real Deal)
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