Archive note, October 2026: This post summarized a South Florida Business Journal article reporting that a lender had filed a foreclosure lawsuit against 2201 Collins Fee LLC, the developer of the W South Beach. The article link in the post is dated October 17, 2013. For the firm's current work in this area, see foreclosure defense.

The South Florida Business Journal is reporting that 2201 Collins Fee, LLC a/ka/ The W South Beach, is in foreclosure.

You can read the entire article the South Florida Business Journal article.

Hypo Real Estate Capital Corp., an affiliate of a German lender, filed a foreclosure lawsuit Oct. 11 against 2201 Collins Fee LLC, which is managed by New York-based TriStar Capital and RFR Realty. It targets the 216 unsold condo-hotel units and the common areas in the 408-unit, 20-story hotel at 2201 Collins Ave.

According to the article, the Hypo Real Estate loan to 2201 Collins Fee was modified at $378.4 million in June 2010 after getting an $8.4 million increase. The loan is divided into three tranches.

According to research by Miami-based Condo Vultures LLC, which is cited to in the article, the developer of the W South Beach sold 207 units for $310.2 million, or $1,832 a square foot. It also states that the most recent sale was in January 2013.

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Aaron Resnick has handled business disputes in Miami since 1998 and is a fourth generation Miami attorney. He works hands-on on every case; the client gets Aaron on every major litigation issue, not a junior partner. The Law Offices of Aaron Resnick represents large corporations, Miami businesses and their owners, professional athletes and entertainers in Miami Dade, Broward and Palm Beach counties and across Florida in business litigation and business counsel. Call 305-672-7495 or request a consultation.

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