Shahab Karmely on why he’s bought more than $100M in SoFla properties: VIDEO

Karmely said his firm is funding development costs until construction starts

Shahab Karmely is developing arguably one of the Miami River’s most ambitious condo projects, a pair of 60-story luxury residential towers connected at the top by a ritzy “Sky Club.” But the New York developer didn’t get here all on his own: he took his cues from Swire Properties.