Miami partner Alexander Tachmes was featured in the July 10th South Florida Legal Guide feature “Technology, Healthcare, Infrastructure Offer Growth Opportunities.” Alex predicts continued growth in P3 projects like the recent Jungle Island deal and advised caution in the high-rise residential construction sector. “While there are still many towers under construction, there aren’t many developers walking into a zoning lawyer’s office and wanting to start a new project, especially in the Brickell and downtown markets,” said Alex.
The hospitality sector has also seen substantial growth in the past decade. With the Miami Beach Convention Center renovation underway, it will help attract more business-related travel to the region. And, due to the hotel sector’s expansion in the past five years, “there are more hotel rooms competing for tourist dollars. Therefore, investors need to take a tactical approach and carefully identify potential opportunities.”
Alex also discussed the positive impact South Florida’s growing technology sector has had on law and accounting firms. “Shutts & Bowen has hired more than 20 new lawyers in the past year, including several in the IP and cybersecurity sectors,” said Alex. “Our firm hired a cyber security professional and we expect other law firms to do so as well.”
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About Alexander I. Tachmes
Alexander I. Tachmes is a partner in the Miami office of Shutts & Bowen LLP, where he is Chair of the Land Use and Government Relations Practice Group and a member of the Real Estate Practice Group. A Martindale-Hubbell AV® rated attorney, Alex concentrates his practice on governmental matters, including land use and zoning, public-private transactions, competitive bidding and lobbying, and commercial real estate transactions, including hospitality matters.