Patient developer tackles several challenges in latest project

Mike Miller uses a bend-but-not-break approach.


Lori Sax. Developer Mike Miller says a good deal of patience was necessary to move ahead on the Porto Vista condominium project on the Fisherman’s Wharf site in Venice.
Lori Sax. Developer Mike Miller says a good deal of patience was necessary to move ahead on the Porto Vista condominium project on the Fisherman’s Wharf site in Venice.
  • Commercial Real Estate
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A little give and take can go a long way toward moving a development project forward. Just ask Mike Miller, who has found that a useful strategy for getting his Porto Vista condo development in Venice off the ground.

There has been discussion about building condos on the Fisherman’s Wharf site along the Intracoastal Waterway for years, going back to the early 2000s, when the late entrepreneur John Konecnik owned the property. In 2016, area developer Miller entered into an agreement for a seven-year lease with the right to purchase the property — which he recently did, for $8 million, once his rezoning requests were approved.

 

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