From: ' To: "jeevacittion ginitil.com" <jeevacationggmail.com> Subject: Falcone Date: Wed, 19 May 2010 19:56:05 +0000 This guy bought Meister's house on South Lake Trail at Primavera in 2005 for around $34 million (recorded at $28.75M). He then paid $13MM for the neighboring lakefront house to the south at 445 Antigua Lane. He is now trying to sell. Apparently the ask is $40+ including a piece of 445 Antigua to accommodate a planned garage. He also has a house in Manalapan he paid $34MM for. Let's discuss. Miami real estate tycoon Edward Falcone ditches the ghetto and his kid Comments (23) By Natalie O'Neill Thursday, Mar 4 2010 Hauling his only possessions in a small red backpack, 53-year-old James Walker nods toward a needle-and-glass-dotted cement slab on the border of Overtown. Dirt is caked under his fingernails, and the whites of his eyes have turned the color of scrambled eggs. "If I were a billionaire; he says, exposing a few lonesome teeth, "MI do somethin' good for this place. Ain't nothing but rat holes and drug dens around here? Real estate tycoon Edward Falcone could have been that billionaire. In 2006, the reclusive but charismatic son of Italian immigrants, along with his partners, bought a seven-acre, $88.7 million patch of the hood and announced a wildly ambitious plan: Turn one of the county's most dilapidated ghettos into a dazzling, walkable stretch of shops, offices, and hotels. They soon snapped up enough land for eight Dadeland Malls. Falcone released a futuristic master plan with a rendering that showed skyscrapers rising like a silver forest in a desert of slum. City officials swooned, calling it "a city within a city" and "one of the largest urban renewal projects in the United States." But a slew of recent lawsuits — alleging everything from fraud to unpaid loans and broken promises — have jeopardized the project. And neighbors, building owners, and city officials say the abandoned area is worse than before. "They ha