A judge ruled that the owner of 14 acres at the 22-acre Jockey Club condo complex in North Miami can proceed with plans to build residences and hotel rooms there.
Miami-Dade Circuit Court Judge John W. Thornton ruled Friday in favor of Apeiron Miami, LLC, and against the condo owner associations of two existing Jockey Club condominium buildings, which had opposed Apeiron’s development plan at the condo complex at 11111 Biscayne Boulevard.
Apeiron, led by Horst Schulze, Michael Bedner and Muayad Abbas, bought its 14 acres at the Jockey Club complex for $3.25 million in 2014 and filed plans in 2015 to build a 40-story tower called Apeiron at the Jockey Club with 240 residential units and 90 hotel rooms.
“This is a major win for Apeiron at the Jockey Club. We are very pleased that the judge’s ruling has cleared the way for us to proceed with the project,” Abbas said in a prepared statement. “From the beginning, we have been committed to working with all Jockey Club residents and making meaningful improvements to the entire property. We look forward to delivering a first-rate project that Apeiron residents and the rest of the Jockey Club community will be proud of.”