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Through the course of his career, Weiner has been a driving force behind the development and ultimate sale of 19,000 luxury condominiums and condominium-hotel residences valued in excess of $20 billion.
The Oak Ridge Apartments, a 137-unit, garden-style, multifamily asset in Largo, which includes apartments and townhomes, sold for $15.9 million, or $116,350 per unit.
The financing was provided to PMG and Greybrook Realty by Centennial Bank and Square Mile Capital. Construction began on the 400 Biscayne development in June.
The less than one-acre site at 6747 Collins Ave. was the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings.
The contemporary, glass condominium tower, designed by celebrated architect Carlos Zapata and Robert Swedroe, features 154 flow-through, waterfront condo residences with direct ocean and bay views.
The opening of the Conn's HomePlus Lakeland distribution center in August 2020 will create approximately 50 new full-time jobs, with an estimated 720 additional statewide jobs generated as the retail showrooms open.
The firm sold the two properties after expanding into new facilities, according to Newmark Knight Frank, which represented the seller in the transaction.