Andrew B. Hellinger is a principal at Urban-X Group, LLC a real estate development and investment company. His current focus is the design and development of River Landing Miami. River Landing Shops & Residence, is a mixed used project on 8.1 acres in Miami’s Health District consisting of over 420,000 sf of retail and 526 apartment rental units. See, www.riverlandingmiami.com.
In 2006, Mr. Hellinger became President of Leviev Boymelgreen Developers (“LBD”) an Israeli based real estate partnership in Florida with $750 million in commercial and residential real property as well as vacant land. Prior to that, Mr. Hellinger practiced law in areas of bankruptcy, workouts and commercial litigation. He worked on some of the most high profile reorganizations and complex litigation cases over the past 20 years.
During his tenure at LBD, Mr. Hellinger led the construction of the Marquis, a premier condominium project in Miami, which required securing the agreement of the City of Miami, Miami Dade County and FAA to standardize and raise the building heights across the County to allow for the construction of the Marquis in a record ten-month period. Mr. Hellinger also restructured, repositioned or redesigned LBD’s remaining assets in anticipation of the economic downturn in order to meet then current market demands. This strategy allowed the company to sell its entire portfolio ahead of market forces and at a profit for the seller. As a result of his efforts, Mr. Hellinger was awarded Top Dealmakers, Distressed Real Estate 2009 in South Florida.
Thereafter and during the recession, Mr. Hellinger created Hellinger Penabad Companies to provide real estate development, construction, management and consulting services to investors, lenders and equity funds. Mr. Hellinger was appointed by various lenders and equity funds as the Receiver of various distressed real estate projects and assets in Florida including most notably, the Paramount Bay and the Oaks at Biscayne Landing. As Receiver, Mr. Hellinger responsibilities included: inspecting the assets; creating and implementing a remedial plan for any defects; completion of any construction; redesign; repositioning the assets; management of all claims and litigation; management of all municipal and other zoning issues; processing all permits and management of all sales and marketing for the projects.
Now, Mr. Hellinger is part of Urban-X Group, focusing his time and energy in developing Miami’s urban core.