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A New JV Plans to Develop $1B in Florida

The partnership leads off with a $500 million, 500-unit project.

By Barbara Ballinger | June 21, 2023 at 03:47 PM

Leste Group, a Miami-based global independent alternative investment manager, and Rio de Janeiro, Brazilian-based Opportunity Fundo de Investimento Imobiliario, a private investment firm, have formed a new real estate development firm, LORE. Its first collaboration is a 500-high-end apartment in Miami’s swank Brickell district, valued at $500 million.   

Picking Brickell makes sense for luxurious living. It is touted as a vibrant, bustling neighborhood, located in Miami’s financial district and south of its downtown. Brickell has become a popular destination for young professionals and urban dwellers who enjoy dining, nightlife and entertainment. Its skyline has become home to some of the area’s most iconic skyscrapers, including the Four Seasons Hotel Miami and the Brickell City Centre.

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