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chris08876 Feb 19, 2015 7:05 PM

MIAMI | 2000 Biscayne Boulevard | 418 FT | 36 FLOORS
Russian Investors Have 2000 Biscayne In Contract, 60-Story Tower Planned


A group of Russian investors have the City Hall restaurant property at 2004 Biscayne Boulevard in contract, where they hope to build a 60-story tower.

The oddly shaped site is sized at 32,775 square feet. An alley separates it from Braman’s car dealership on the north side. To the south, New York’s Atlas Capital is planning to build a 36-story residential project at 1900 Biscayne, while Fifteen Group is moving through the approval process for a 36-story residential tower above the historic church at 1836 Biscayne.

The property last sold in 2007 for $5.4 million to a company managed by broker Christian Parth.

The group also has a Denny’s on the dry side of Collins (17550 Collins Ave.) in Sunny Isles under contract, and they are working with the city on approval of a 19-story residential project.
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Press Release:


International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

The Recently Formed Commercial Real Estate Firm is Currently Developing Over One Million Square Feet of Residential and Commercial Space in Miami-Dade County

MIAMI, Feb. 19, 2015 / — The Verzasca Group, a privately held real estate development company, today announced its formation and official entry into the United States with residential developments slated for the South Florida market. Created in August 2014 by former NHL star Darius Kasparaitis alongside finance and real estate professionals Gennady Barsky and Tim Lobanov, Verzasca plans to deploy over $700 Million into various projects over the next three years. Verzasca will serve as the U.S. arm of a private Russian real estate company due to Russian investor desire for American exposure. The name Verzasca itself is a reference to the Verzasca River in Switzerland known for its transparency that the firm strives to bring to both its investors and its development partners.

Verzasca Group’s U.S. headquarters is located in Miami with a sales center in Bay Harbor Islands and is currently developing over 1 Million sqft of luxury residential and commercial space throughout Miami-Dade County. The team gravitated to the South Florida area because the European aesthetic of the market matches the background of the founders.

The Verzasca executive team has overseen 10 Million sqft of property development with projects including Vaalimaa Outlet Mall in Vaalimaa, Finland, School Street Condominium, My Town, The Birch Grove and The Austrian Quarter, Vernissage and Colors of Summer in St. Petersburg, Russia.

Darius Kasparaitis, who played 14 years in the NHL mostly for the New York Rangers, Pittsburgh Penguins and New York Islanders, serves as the President of Verzasca Group leading and overseeing the project management for the firm’s developments as well as driving the creative direction of the firm. Gennady Barsky is the Executive Chairman of Verzasca Group, responsible for setting the company’s general business direction through tactical planning with a specific focus on raising and deploying capital. Tim Lobanov, Managing Director of Verzasca, plays a key role in the execution of the creative vision of Mr. Kasparaitis and Mr. Barsky. He is responsible for supervising all of Verzasca Group’s day-to-day business operations and developing marketing strategies for the firm and its projects.

Prior to Verzasca, Lobanov led corporate development for The Polis Group, one of Russia’s largest real estate developers responsible for looking at investment opportunities abroad which provided his entree into the U.S. marketplace. He and Kasparaitis linked up regarding some potential early investments eventually leading to the formation of Verzasca.

“We are thrilled with the opportunity to bring our expertise and track record from abroad and put it to the test in a hot real estate market like South Florida,” said Verzasca President Darius Kasparaitis. “We’ve been evaluating the viability of a U.S. launch for a number of years and feel that now is the right time to enter the market and start developing significant real estate projects starting with Miami-Dade County.”

chris08876 Feb 22, 2015 12:31 PM

Aerial of the site:


SF Lot Size: 34,000 SF

chris08876 Apr 1, 2015 10:15 PM

Russians Plan ‘Tallest Building In Edgewater,’ Designed By ‘World Renowned Architect’


Several tall towers are under construction in Edgewater, but Russian developer Verzasca Group wants to outdo them all.

Verzasca’s executive chairman says that the company is planning to build the tallest building in the neighborhood. The building will be ‘iconic,’ and is being designed by a ‘world renowned architect,’ he told The Real Deal.

Previously, a Verzasca representative said that they were in contract to buy 2000 Biscayne, the site of the City Hall restaurant. Verzasca’s offices are also located at 2000 Biscayne, according to the company’s website.

Darius Kasparitis, a former NHL player from Lithuania now living in Florida, told a Lithuanian publication that the tower will be 60-stories and have about 450 units. Kasparitis is a partner in the firm.

The group hopes to raise $700 million within a few years to fund the project, along with several others in the Miami area. Kasparitis wasn’t sure where funding would come from, but said it could be from a bank or investors.

Verzasca also plans a 19-story project with 76-units at the former Denny’s site in Sunny Isles. In Bay Harbour Island, the company is building Pearl House and Le Jardin Residences.

N830MH Apr 4, 2015 6:35 AM


Originally Posted by chris08876 (Post 6924510)

Is that Biscayne Blvd? Is that near my mom's old Boulevard liquors store?

chris08876 Apr 4, 2015 5:01 PM


Originally Posted by N830MH (Post 6977083)
Is that Biscayne Blvd? Is that near my mom's old Boulevard liquors store?

Yes the road going South to North on the right. Not sure about the liquor store. Not sure where you guys get your liquor from so the second question idk :???:.

chris08876 Apr 30, 2015 12:26 AM

This tower will be 643 feet. Recent applications where submitted to the FAA.

chris08876 Aug 29, 2015 1:49 AM

MIAMI | 2000 Biscayne Boulevard | 646 FT | 60 FLOORS

FAA Approved: :cheers:


2000 Biscayne was approved at a height of 646 feet above ground, or 649 feet above sea level.

Still needs to be approved by the city, and it most likely will. ;)

chris08876 Jan 27, 2016 11:34 PM

Restaurant Site, where a future tower will rise, at 2000 Biscayne, has closed.
Credit: NXT

chris08876 Mar 21, 2016 8:17 PM

Verzasca Closes on 2000 Biscayne, Where They Plan 649-Foot Tower Designed By ‘Renowned’ Architect


Verzasca Group closed on the purchase of the former City Hall restaurant site at 2000 Biscayne last week for $13 million.

Manager and former hockey player Darius Kasparaitis signed a memorandum on behalf of Verzasca stating that the buyer is planning a high-rise condominium project. Verzasaca will turn over an unspecified number of units in the condo tower to the seller of the site once they are completed.

Verzasca has previously said that they plan the “tallest building in Edgewater” designed by a “world-renowned architect” with 450 units on the site. They have already received FAA approval for a 649-foot tower.

chris08876 Apr 20, 2016 6:38 PM



2000 Biscayne


2000 Biscayne Boulevard enhances not only Miami’s skyline, but also the standard for high-rise, residential design. Rapid growth challenges designers to explore smaller sites and non-traditional view corridors. As urban centers become the focal point of live work citizens, a new type of architecture must respond in a dynamic, holistic way creating an economically viable and user-friendly tower.

In contrast to the strict, orthogonally-organized Miami streets, the site for 2000 Biscayne is slightly curved. This curvature influenced the design of the tower volume. Playful extension of the floor slabs in various directions, allows residents to enjoy the beautiful South Florida weather from their balconies. Thoughtfully designed facades and well-distributed layouts allow every unit to have a great view of either the city or the ocean.

The tower design features a step-back at the ground-level connecting it visually with the neighborhood scale, as well as complimenting the nearby retail stores without disrupting the walk ability of the existing fabric.

chris08876 May 26, 2016 11:45 PM

Extra rendering from OPD:

GoldenDuskPhotograph Jan 23, 2017 3:41 PM

Verzasca Group Begins Demolition at 2000 Biscayne

Zerton Jan 23, 2017 6:23 PM

Bleh. The 00's called looking for their renderings.

chris08876 Jun 13, 2017 12:27 AM

New Design and height reduction :(

The older design has been scrapped. Which IMO, is way better than this crap.


Verzasca Group is planning to build a rental tower at 2000 Biscayne, instead of a condo tower.

If approved, the 36-story project will include 393 apartment units, along with 455 parking spaces in an 8-story garage.

Miami’s Urban Development Review Board is scheduled to review the plans on June 21.

Dorsky + Yue of Fort Lauderdale is the architect.
Credit: NXT

chris08876 Sep 9, 2017 5:17 PM

Verzasca scores $6.4M loan for apartment project on Biscayne Boulevard


Verzasca Group scored a $6.4 million pre-development loan for its 2000 Biscayne apartment tower in Edgewater, property records show.

North Miami Beach-based New Wave Loans provided the loan, records show. Plans for Verzasca’s 36-story, 393-unit apartment tower were approved by the city of Miami’s Urban Development Review Board in June. The Russian development firm originally planned to build condos on the 32,775-square-foot site at 2000 Biscayne Boulevard, which it purchased in March 2016 for $13 million.

Pre-development costs usually cover market and traffic studies, including possible zoning changes among other factors. A spokesperson for Verzasca said the developer plans to break ground on the project during the third quarter of 2018.

Fort Lauderdale-based Dorsky + Yue created the designs for 2000 Biscayne. The project will include 25 studios, 175 one-bedrooms, 181 two-bedrooms, 12 three-bedrooms and an eight-story parking garage.

chris08876 Mar 8, 2019 4:30 AM

Kushner Cos. plans 1,100-unit rental project in Miami Opportunity Zone


Kushner Companies is planning to develop an 1,100-unit apartment project in Miami’s Edgewater neighborhood, marking its first in South Florida.

The company, led by Charles Kushner, Nicole Kushner Meyer and Laurent Morali, is under contract to buy a site at 2000 Biscayne Boulevard from investor Enrique Manhard, according to Bisnow. Manhard paid $13.1 million to buy the property, which is within an Opportunity Zone, from Verzasca Group in November. Verzasca originally planned to develop condos on the site.

Kushner plans to finance the $550 million, three-phase project through an existing banking relationship and will develop it without a local partner, Bisnow reported.

Kushner Cos. could develop the second and third phases on nearby land owned by Manhard.
Between 2017 and 2018, Manhard’s company paid about $21 million to assemble 11 parcels on Northeast 20th Street between Biscayne Boulevard and Northeast Second Avenue.

chris08876 Mar 12, 2019 7:33 PM

Kushner Launching First Miami Project: A $550M Apartment Complex


The Kushner Cos. is launching a major apartment project in Miami, Bisnow has learned, the first in Florida for the third-generation real estate business.

Kushner Cos., the business now led by the brain trust of Charles Kushner, Nicole Kushner Meyer and Laurent Morali, is planning on breaking ground later this year on an 1,100-unit apartment project in Miami's Edgewater neighborhood, sources familiar with the deal told Bisnow.

The three-phase apartment complex will be the first South Florida project in Kushner history, according to the sources, who were not authorized to speak publicly about the deal. The first phase will comprise roughly 400 units, and Kushner plans to break ground on the site at 2000 Biscayne Blvd. in the third quarter.

Kushner isn't working with a local partner on the deal, sources said, and plans to finance the project through one of its existing banking relationships. Since Charles' eldest son and onetime CEO Jared Kushner entered politics, those relationships have come under scrutiny, including deals with Citigroup that closed after bank executives met with him in the White House. Officials with Kushner Cos. declined to comment. The heightened scrutiny has led to a smaller pool of potential partners. Kushner executives told The Wall Street Journal last month that they are no longer pursuing financing from sovereign wealth funds or through the EB-5 program. The company's previous attempts to finance business through these avenues — a common occurrence for many real estate companies — have drawn public questions about national security and conflicts of interest since Jared Kushner was named senior adviser to President Donald Trump, his father-in-law.

The vacant site at 2000 Biscayne Blvd. is currently owned by Miami developer Enrique Manhard, who paid $13.1M to acquire it in November, according to property records. Kushner is under contract to develop the 32K SF site, according to sources, and Manhard also controls neighboring sites that will likely come into play for the second and third phases of the project.

The sites fall within an opportunity zone. It is unclear if or how Kushner would take advantage of the program, which allows investors to defer taxes on capital gains by investing them into properties and businesses in designated census tracts.


Kushner is not alone among major national players who are eyeing South Florida as a rental development hot spot. Mill Creek Residential Trust and Greystar are co-developing a project in Fort Lauderdale, The Real Deal reports, and 51,000 rental units were proposed, planned or under construction in the region as of December.


chris08876 Aug 6, 2019 10:44 PM



New York developer Kushner Companies is moving forward with a major residential project in the downtown Miami area.

The company filed for a construction permit to begin building a 36-story tower at 2000 Biscayne. The 296-sheet set of plans were accepted by the city on July 25, records show.

A total of 393 residential units are planned, along with 5,500 square feet of ground floor retail and parking on levels 1 through 8. Previous plans showed 455 spaces.

The tower will top off at 418 feet. Total construction cost is estimated at $123.6 million, with 706,148 square feet to be built.

Miami’s Planning & Zoning Department already granted approval to plans with identical specs in 2017. Dorsky & Yue was listed as the architect then.

No contractor is listed yet on the newly filed permit.

The tower is the first of what will reportedly become multiple phases. The developer also controls additional property across the street.

chris08876 Aug 14, 2019 9:11 PM



Kushner Cos. will soon begin building a tower at 2000 Biscayne in the downtown Miami area, according to a new filing with the Federal Aviation Administration.

It is the first phase of what will eventually include 1,100 apartments valued at $550 million.

The developer plans to break ground on the tower in October, the filing states. Two tower cranes will be installed in March 2020.

Construction permits have already been applied for with the city’s building department.

The permanent tower height is expected to be 408 feet above ground, or 417 feet above sea level. Two temporary tower cranes will operate at heights of 467 and 507 feet above ground.

The specs exactly match plans for a tower submitted in 2017 by Verzasca Development, which then owned the property. Dorsky + Yue is the architect.

A 36-story tower with a lime green paint job was approved by the UDRB at that time. It will include 393 apartment units, along with 455 parking spaces in an 8-story garage and token ground floor retail.

Kushner was formerly managed by President Trump’s son-in-law Jared.

chris08876 Sep 19, 2019 8:49 PM

This received FAA approval, likewise with the two cranes that will be used.

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