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Cole Schotz Advises Continuum Co. in $29.5M Acquisition, $49M Loan for Bay Harbor Islands Condo Sites

May 19, 2021Attorneys: Matthew S. Schneid, Danielle M. Pasquariello and Drew F. Barone
Cole Schotz P.C. represented developer Bruce Eichner’s Continuum Company, LLC in connection with a $29.5 million acquisition of the former Royal House and Island House located in Miami, Florida’s Bay Harbor Islands. Cole Schotz also assisted with a $49 million construction loan from Fortress Investment Group for the financing of a condo development project.

The plans for the development include two waterfront eight-story residential buildings, consisting of 226,111 net square footage, which will contain approximately 148 residential units, 296 parking spaces and 40 boat slips.

The Cole Schotz team included members Matthew Schneid and Danielle Pasquariello, associate Drew Barone and paralegal Rosanne Cohen. Fortress was represented by Milbank LLP.

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