Miami Heart Institute Residential Development | Proposed

Miami Heart Institute, which last sold in 2000 for $70 Million, has been purchased by Lionheart Capital for an undisclosed sum.

The 666,798-square-foot property was built in 1984 and is located at 4701 North Meridian Avenue in Miami Beach.

Lionheart Capital is based in Miami and led by Ophir Steinberg, who is also a prinicipal at OZ holdings.

http://www.lheartcapital.com
http://www.ozholdings.com

19 Comments

  1. sandman

    February 13, 2012 at 3:43 am

    prepare for a big fight with the neighbors…

  2. langbro

    February 15, 2012 at 5:35 pm

    Deed shows that the price was only $20 million, so Mount Sinai took a huge loss. Deed also restricts the new owner from using the facility for medical uses.

  3. sandman

    May 22, 2012 at 4:46 pm

    Lionheart is appearing today before the Miami Beach planning board to rezone the property.

    The property is zoned for up to 426 units, but Lionheart intends to build fewer. The maximum height permitted is five stories, so Lionheart will retain most of the original building which is currently taller.

  4. Afi K. James

    May 23, 2012 at 12:05 am

    I Love Miami Heart Institute.

  5. yellows2k

    May 30, 2012 at 4:08 pm

    [SIZE=5][FONT=Georgia][COLOR=#000099]Miami Heart Institute buyers seek rezoning for condos[/COLOR][/FONT][/SIZE]
    By Ivan A. Rodriguez

    Lionheart Capital LLC, a Miami-based realty investment firm led by partners Ricardo Dunin and Ophir Sternberg, will try again June 26 to make a proposal to the Miami Beach Planning Board to rezone the Miami Heart Institute property, purchased in February for $20 million, for a luxury condominium project.

    “We are bringing in world-renowned Italian architect Piero Lissoni to redesign the existing structure, in collaboration with the Boston and Miami-based ADD Inc.,” Lionheart said in a statement to Miami Today.

    The totally renovated building is to be 70,000 square feet smaller than the current 7.1 acres can hold and, given the large size of its residences, have substantially lower density than code allows.

    “The plan aims to reduce traffic patterns, reduce noise levels and beautify the area, as well as raise property values for the neighborhood,” the company stated.

    http://miamitodaynews.com/news/120531/story2.shtml

  6. sandman

    June 18, 2012 at 3:04 pm

    Italian designer Pierro Lissoni tells the Wall Street Journal that his next project is a residential building and waterfront hotel in Miami:

    http://online.wsj.com/article/SB10001424052702303665904577454620208668252.html

  7. sandman

    June 29, 2012 at 2:12 pm

    The Miami Beach planning board deferred a decision until July.

  8. yellows2k

    July 3, 2012 at 1:01 am

    Developer proposes luxury condos in Miami Heart Institute

    http://www.miamiherald.com/2012/07/02/2879154/developer-proposes-luxury-condos.html

  9. Sean

    July 3, 2012 at 1:19 am

    This was originally the site of the King Cole Hotel, one of Carl Fisher’s hotels
    http://miami.curbed.com/archives/2012/07/02/piero-lissoni-has-old-king-coles-big-shoes-to-fill.php

  10. Sean

    July 3, 2012 at 1:32 am

    From the Herald article: “Lionheart’s plans for the site at 4701 N. Meridian Ave. are still in the early stages, so much so that the developer declined to provide The Miami Herald images presented to neighbors.”

    Any neighbors around? ;-)


    Read more here: http://www.miamiherald.com/2012/07/02/2879154/developer-proposes-luxury-condos.html#storylink=cpy

  11. sandman

    July 3, 2012 at 3:44 am

    Sean, post: 1405, member: 42 wrote: This was originally the site of the King Cole Hotel, one of Carl Fisher’s hotels
    http://miami.curbed.com/archives/2012/07/02/piero-lissoni-has-old-king-coles-big-shoes-to-fill.php

    Looks like it was really a magnificent building, shame it is gone.

  12. langbro

    July 3, 2012 at 3:06 pm

    Sean, post: 1406, member: 42 wrote: From the Herald article: “Lionheart’s plans for the site at 4701 N. Meridian Ave. are still in the early stages, so much so that the developer declined to provide The Miami Herald images presented to neighbors.”

    Any neighbors around? ;-)

    Read more here: http://www.miamiherald.com/2012/07/02/2879154/developer-proposes-luxury-condos.html#storylink=cpy

    If you want a copy of the plans, try asking Charles Urstadt.

  13. Sean

    July 3, 2012 at 11:04 pm

    langbro, post: 1413, member: 2 wrote: If you want a copy of the plans, try asking Charles Urstadt.

    I asked. He’s bound by law not to reveal anything.

  14. sandman

    July 26, 2012 at 9:44 pm

    The Miami Beach planning board approved zoning changes for this project a few days ago

    Renderings for the project can be seen here (large file, scroll down):
    http://docmgmt.miamibeachfl.gov/WebLink8/2/doc/2296/Electronic.aspx

  15. sandman

    July 31, 2012 at 4:56 pm

  16. langbro

    October 25, 2012 at 12:04 am

    MB commissioners voted tonight to approve the zoning change. Requires a second reading

  17. sandman

    December 10, 2012 at 2:29 pm

    Lionheart Capital unveiled the design for the building last week at a dinner ceremony. Pierro Lissoni was in attendance.

    photos of the dinner:
    http://worldredeye.com/2012/12/lionheart-dinner/

  18. langbro

    December 11, 2012 at 1:19 pm

    rendering

  19. langbro

    May 9, 2013 at 11:11 pm

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