Sunday, July 12, 2009

How Las Vegas gamble of Fontainebleau's Jeff Soffer went sour

Don and Jeff Soffer took their places on the most famous staircase in Florida, Victoria's Secret models on either side of the father and son.
This was the official unveiling of the $500 million reinvention of the Fontainebleau Miami Beach, the iconic hotel that Jeff had bought nearly four years earlier. For the Nov. 14 ribbon-cutting on the renowned Stairway to Nowhere -- designed in the '50s to show off women's evening gowns -- Jeff shared a pair of jumbo scissors with supermodel Heidi Klum.
For Jeff Soffer, 41, it was the culmination of a lifelong arc to succeed his father as the key player in a family that created the city of Aventura and dozens of other landmark properties.

Read more:
http://www.miamiherald.com/business/real-estate/story/1127756.html

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