In case you missed it, my GlobeSt.com colleague Brian Miller posted an article late last week about Miami-based Group 24 LLC buying a 50% stake in a proposed 40-story condo project in San Francisco called Turnberry Tower. Upon further review, this is the only project with which Group 24 is currently involved.
As is almost always the case, there is more to the story than what was initially reported. We tried finding out more about Group 24 itself and principal Mike Zoi, but admittedly didn’t get much farther than a PR representative who held us off from speaking to Zoi by explaining that he is an “intensely private” developer.
What is known about Zoi, aside from his love of Ferraris, is that he has substantial investments in a number of alternative energy companies. It would be interesting to learn how these future fuels relate to West Coast condos. Maybe we’ll find out soon enough.
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