For Immediate Release
April 24, 2006

Cardinal Development Continues to Soar!

Cardinal Development Corp.’s principals, Maurice Arditi, Irene and David Arditi have developed approximately 5 million square feet of commercial, industrial, hotel and residential space representing a market value of over $1 billion. Their projects, heralded as pioneering in their timing, location, and creativity have taken them throughout the East Coast of the United States, the Caribbean, and France. Among the more notable developments are the St. James Tower in Manhattan, The Guanahani Hotel in St. Barths, and The Paris Country Club. Furthermore, Irene and Maurice Arditi were the visionaries responsible for Cocowalk Miami, one of the first and most successful open-air shopping centers in the country.

For the past five years, the firm has focused its efforts on the Biscayne Corridor in Downtown Miami. Cardinal recently completed Baylofts Condominium on NE 25th Street, one of the first loft projects in the area, and is in the final construction phase of New Wave Condominium, located on NE 22nd Street. All residences in this boutique bayfront property feature unobstructed water views, 10-12 foot high ceilings and floor to ceiling sliding glass windows. A limited number of units is still available. For more information, please visit www.newwavecondo.com

Additionally, Cardinal is in the planning stages of two new mixed-use developments along Biscayne Boulevard. The first, located at 1650 Biscayne Boulevard., just two blocks north of the new Performing Arts Center, was designed by Elkus Manfredi Architects of Boston. This project will provide an exciting and active retail and restaurant environment as well as a world-class health club, Class A offices, live/work lofts, a wide variety of residential unit types and a hotel component.
The second, located at 3333 Biscayne Boulevard is a unique retail and office concept designed by Perkins + Will to be launched in Fall 2006. The 14-story midrise will comprise approximately 150,000 square feet of leasable space.

Cardinal also recently created a development management division, Cardinal Development Advisors, which provides consulting services to other property owners and developers. This division is currently working on a 450 room condo-hotel project located on Collins Avenue in Miami Beach. This luxury beachfront property will feature water views from every unit, and is scheduled for completion by mid 2007.

Finally, Cardinal is to announce the creation of a realty division in the coming months, thus
positioning it as a full-service real estate investment, development, sales and advisory firm.

For more information on Cardinal Development Corp. please visit www.cardinaldevelop.com.

All renderings and drawings are conceptual only and are for the convenience of reference.  They should not be relied upon as representations, express or implied, of the final detail of the office.  The developer expressly reserves the right to make modifications, revisions, and changes it deems desirable in its sole and absolute discretion.  Dimensions and square footage are approximate and may vary with actual construction.  For correct representations make reference to additional documentation provided by the developer. 

© 2008 BE 33, LLC