December 4, 2015 – MIAMI – Alvarez Arrieta & Diaz-Silveira LLP (AADS), a Miami-based corporate boutique law firm specializing in international and domestic M&A, finance, real estate, immigration and private wealth services, announced the successful completion of two historic deals on behalf of the City of Miami Beach related to its Convention Center and forthcoming hotel.
AADS advised the City of Miami Beach on a $500 million contract with Clark Construction to renovate, remodel, and expand the existing Miami Beach Convention Center. AADS also negotiated a development and ground lease agreement between the City and an affiliate of Portman Holdings for the ground lease and development of the proposed Miami Beach Convention Headquarter Hotel, which remains subject to a voter referendum currently expected in March, 2016.
Attorneys H. William Walker, Jr. and Lauren M. Hunt led the deals in conjunction with the City Attorney’s Office for the City of Miami Beach. The duo were originally selected to assist on the ground lease agreement with Portman Holdings, and after working together, the City decided it would be well-served to have AADS represent it on the Clark Construction project as well.
“We were very honored and proud to represent the City on these high profile projects,” said partner Lauren Hunt.
The projects are slated to be completed by 2018, just in time for Art Basel.