Marc Roberts Net Worth and Facts
Marc Roberts Miami Worldcenter, one of South Florida’s most ambitious developments, has become a hotbed of legal and financial soap opera, creating uncertainty about the future of the proposed project near downtown Miami. New York Investor Harvey Silverman, 68, and his partner Marc Roberts, 50, we’re close to a father and son who flourished as the economy grew and money flowed. The relationship is now moving differently, highlighted by unpaid loans and allegations of fraud and broken promises.
Miami Real Estate Developer
The project continues to suffer from exposure and litigation, and even if the joint venture solves its problems, some observers doubt that this complexity will ever arise in the collection of empty lots and warehouses in Marc Roberts Miami Park West area. Last month a company led by Roberts, a former boxing promoter, lost a package that was building the site for consumption.
And in September, Naples-based Orion Bank, now operated by Louisiana-based IberiaBank, sued four Roberts-led companies to repay $ 26 million they had borrowed over the past three years to buy 15 parcels in Park West. Roberts did not respond to a request for comment. Alan Rose, his West Palm Beach lawyer, declined to comment on the ongoing case. Silverman did not respond to a request for comment by his lawyer Thomas Decea of New York. Decca declined to comment on the case.
Loss of Net worth
From 2005 to 2008, Silverman, who had an estimated $ 300 million in 2007, borrowed about $ 78 million to help Roberts cover 25 hectares of Park West in the Miami Worldcenter area. The money also helped pay for Roberts’ living expenses, according to several lawsuits filed in New York and South Florida.By September 2008, Silverman had lost millions in the stock market and failed to sell real estate. A month later, he stopped funding Miami Worldcenter and Roberts’ “lifestyle”, according to the lawsuit.
In several suits and counters, each claimed to have broken the agreement and was charged $ 78 million owed to several banks. , conference venue, condoms, and restaurants west of the American Airlines Arena and south of the Adrienne Arsht Center for the Performing Arts. The building will run from the northeast streets of the sixth to 11th and from North Miami to Second avenues.When Silverman and Roberts stopped paying for their project assignment, Falcone’s company took over the tab.
