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One of Chicago's real estate industry bigwigs is about to step into the Miami's condominium conversions arena.
Michael J. Lerner, president of MCZ Development Corp., has a contract to buy The Village on Bayshore Drive, a 437-unit apartment community with retail space under construction on Biscayne Boulevard.
With revenues totaling more than $150 million, MCZ is one of Chicago's premier developers. Professional Builder magazine ranked MCZ among the nation's housing giants. Crain's Chicago Business last year listed Lerner as a Who's VVbo in Chicago's Real Estate.
The Finger Cos. of Houston, which specializes in rental communities, began building the mid-rise project more than a year ago. Completion is scheduled for the middle of the year.
The Biscayne corridor is one of the region's hottest redevelopment areas as home to AmericanAirlines Arena, the $300 million performing arts center now...