Michael Shvo

Lincoln Road Business Improvement District Passes Resolution In Support Of Developer Michael Shvo’s Planned Office Projects

Further supporting the diversification of Miami Beach’s economy and activating Lincoln Road as a as a live-work-play district, the Lincoln Road Business Improvement District’s Executive Committee announced that it passed a resolution in support of developer Michael Shvo’s planned office projects. The New York-based luxury developer filed...

Michael Shvo and Jeff Greene talk distress, opportunities in office

The office building, once the pinnacle of commercial real estate, now feels more like a liability. Inflation, rising interest rates and remote work have left the asset class uniquely exposed to declines in valuation. Vultures are starting to circle for distress. But Michael Shvo still sees opportunities. The developer bought...
Picture for Michael Shvo and Jeff Greene talk distress, opportunities in office

Florida Showcase speaker spotlight: Michael Shvo

Subscribers will remember The Real Deal’s award-winning pandemic-era profile, headlined “Shvo to hell,” of a friendship soured over a multi-billion-dollar property empire. Now, TRD is thrilled to announce that the man himself, broker-turned-luxury developer Michael Shvo, will join the stage at our annual South Florida Showcase +...
Picture for Florida Showcase speaker spotlight: Michael Shvo
Commercial Observer

Michael Shvo Taps Norman Foster for Miami Beach Office Project

Hot-shot residential broker-turned-developer Michael Shvo tapped star architect Norman Foster for his Alton Road project in Miami Beach. Earlier this month, Shvo, in partnership with Deutsche Finance America, paid $39.3 million for a five-property assemblage between Lincoln Road and 17th Street, according to the developer. The properties, at 1290 Lincoln Road, 1656 Alton Road to 1680 Alton Road, as well as a parking lot at 1677 West Avenue, include 1.5 acres of land in total.

Michael Shvo buys ex-Epicure South Beach site with plans for retail-office redevelopment

Michael Shvo is betting big on Miami Beach. The New York developer, who made his debut in South Florida with the purchase of three South Beach hotels in 2019, bought a commercial strip on Alton Road — including the former Epicure Gourmet Market & Café building — with plans for a 250,000-square-foot redevelopment that will include office and retail space, according to a source.

Michael Shvo brings elite Core Club to Fifth Avenue

A Manhattan power club is coming to SHVO’s 711 Fifth Avenue. Core Club has inked a 20-year lease to take up 60,000 square feet across four floors at the former Coca-Cola building, according to people familiar with the matter. The elite members-only club is expected to arrive in Shvo’s...