During South Florida's housing boom, youthful and inexperienced developer Jeremy Green had ambitious plans for Miami's Design District. He hired high-profile architects to design irregularly-shaped condominium towers, to match the neighborhood's artsy character. He successfully pitched his plans to eager lenders, and his projects attracted media attention. But two years later, none of the towers has been built, and the four condo sites controlled by Green's companies are facing foreclosure actions.
December 19, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
During South Florida’s housing boom, Jeremy Green, a youthful and inexperienced developer, had ambitious plans for Miami’s up-and-coming Design District.
He hired high-profile architects to design glass-and-steel condominium towers of irregular shapes to match the neighborhood’s artsy character. He also successfully pitched his plans to eager lenders, who were willing to fund his projects. Never mind that he had never built anything before.
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