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Ytech Acquires Historic Brickell Property

Ytech continued its investment in Downtown Miami with the recent acquisition of a historical mansion located at 1500 Brickell Avenue. Ytech is completing a multi-million dollar property restoration and renovation of the mansion, slated for completion by Q1 2023. The property joins Ytech’s ownership of other Brickell-area addresses, which includes 1428 Brickell Avenue, 1548 Brickell Avenue, and 75 Broadway, among others. 

“The acquisition of 1500 Brickell Avenue underscores our commitment to the area which is the epicenter of growth in Miami,” Yamal Yidios says, CEO of Ytech, a Miami-based real estate development firm. “The restoration will bring to life the significance of this historic property, which when complete, will serve as a complement to our luxury residential development efforts in Brickell.”

Initially built in 1931, the property, referred to as “Château Petit Douy,” was designed to resemble the Priory in Saint Julian, France. Located in what was then known as the Millionaires’ Row neighborhood, the home gained its historic designation status in 1983. 

Since 2006, Ytech has developed and redeveloped more than 7,000 apartments in 25 submarkets across the Southeast United States, involving over $2 billion in capital. The firm currently has over a $3 billion development pipeline in Brickell area residential projects. Ytech was represented by Stuart Kapp of KappMorrison, LLP in the acquisition. 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.