Location | Miami, Florida |
Current Program | 125 Hotel Keys Outparcel #1 - one-acre ground lease Outparcel #2 - 4,000 SF Tandem retail building |
Project Type | Adaptive Reuse, Ground-up Development |
Status | Completed |
In June 2014, Grass River and its limited partners acquired a vacant 75,000 SF office building northwest of the Miami International Airport. The office building was converted to a 125-key Aloft hotel that opened in February 2017. Two retail outparcels were introduced and leased to Pollo Tropical (ground lease) and Starbucks and Chipotle in a standalone tandem retail building.
Mr. Antonelli oversees Asset Management for Grass River Property and brings 15 years of commercial real estate, loan asset management and loan servicing experience. Mr. Antonelli has been with the firm since 2014 and during his tenure he and his team have managed over $3.5 billion in real estate investments and commercial real estate loans across all geographies and asset types, with diverse and complex capital and investment structures and related operational and administration responsibilities.
Prior to Grass River, Dan was a Senior Portfolio Manager for LNR Partners, where he directed a team of asset managers and analysts and was responsible for the day-to-day management and strategy of multiple whole loan and securitized CMBS loan portfolios with total assets under management in excess of $5 billion. Previously, Mr. Antonelli also oversaw acquisitions, dispositions and asset management for a Miami-based private-equity firm that acquired and managed over $1.5 billion in commercial real estate assets.
Daniel obtained his B.S. in Business Administration from State University of New York at Albany.