Breakdown of What Went Wrong at Michael Shvo’s Raleigh
In the fall of 2023, developer Michael Shvo told a crowd of real estate professionals that buyers were paying up to $12,000 per square foot for condos at the planned ultra-luxury Raleigh project in Miami Beach. “We probably have the most expensive product in Miami Beach,” Shvo said at The Real Deal’s Showcase and Forum. … Read more