The property asset involved in this transaction is a development site located at 1656, 1664, 1676, 1680 Alton Road & 1677 West Avenue in the Miami Beach market. This site includes the former Epicure Gourmet Market and has received approvals for a mixed-use office and apartment project. Michael Shvo acquired the assemblage for $39.3 million in 2022 and sold it to Infinity Collective.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Buyer: Steven J. Kassin & David Berg
• Buyer Company: Infinity Collective
• Seller: Michael Shvo
• Seller Company: SHVO
• Date of Transaction: 09/09/2025
• Market: Miami Beach

Infinity Collective, led by Steven J. Kassin and David Berg, is now exploring alternative mixed-use options for the site following the acquisition. Michael Shvo successfully secured approvals for the project before the sale, indicating a strategic move to capitalize on the property's development potential.