Long caricatured as lovers of excess opulence, a group of Russian investors is taking an uncharacteristic dive into Miami’s residential real estate market by betting more modest housing is a better investment opportunity than building yet another amenity-laden waterfront tower.
The Verzasca Group, a privately held developer created last year, is looking to leverage connections with wealthy Europeans to invest $700 million in South Florida over the next three years, company president Darius Kasparaitis said Wednesday. The company has acquired sites for two planned high-end developments in Bay Harbor Islands with a combined 45 condo units.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]