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Springhouse Partners Acquisition, Financing and Redevelopment of 1700 Alton Road

Representation of Springhouse Partners in connection with its $21M acquisition and related construction financing and redevelopment of 1700 Alton Road, a 35,530-square-foot, five-story, mixed-use property in Miami Beach, Florida. Through a joint venture with Forte Capital Management (which the firm helped structure for our client), Springhouse will redevelop the building into a hotel with ground-floor retail.