arts
Michael Stern’s JDS to bring on partner Jeff Soffer at Mercedes-Benz Miami project, working on $1B loan
By Katherine Kallergis at The Real Deal
· June 11, 2026
· 1 min read
Michael Stern’s JDS Development Group is nearing a deal to bring on Jeff Soffer’s Fontainebleau Development as a partner and secure an over $1 billion loan for the Mercedes-Benz Miami condo project, The Real Deal has learned. The deal, which has not yet closed, will replenish the project’s capital s
Key takeaway 06 billion financing package includes a C-PACE (Commercial Property Assessed Clean Energy) component, which encourages […]This article originally appeared on The Real Deal.
Why this matters in The Miami
The Mercedes-Benz Miami project's potential resurgence with a new partner and sizable loan has significant implications for the local economy, particularly in the Brickell neighborhood where the development is situated. As one of the largest condo projects in the area, its completion could bring a substantial influx of new residents, potentially boosting local businesses and amenities. The involvement of Jeff Soffer's Fontainebleau Development, a well-established player in Miami's real estate scene, may also lend credibility to the project and help attract more buyers. Furthermore, the incorporation of a C-PACE component in the financing package suggests a commitment to energy efficiency and sustainability, which is crucial for Miami's long-term resilience in the face of sea-level rise and extreme weather events. As the project moves forward, it will be worth watching how it navigates the complexities of Miami's urban development landscape.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 11, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Michael Stern’s JDS Development Group is nearing a deal to bring on Jeff Soffer’s Fontainebleau Development as a partner and secure an over $1 billion loan for the Mercedes-Benz Miami condo project, The Real Deal has learned. The deal, which has not yet closed, will replenish the project’s capital s
When was this published? This article was first published on June 11, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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