Fontainebleau Development
 | |
| Type | Private |
|---|---|
| Industry | Real estate development |
| Founded | November 6, 2018 in Aventura, Florida, United States |
| Founder | Jeffrey Soffer, Glenn Schaeffer, Brett Plant |
| Headquarters | , |
| Key people | Jeffrey Soffer (chairman and CEO) Brett Mufson (president) |
| Owner | Fontainebleau Development, Jeffrey Soffer, Brett Mufson |
| Website | fontainebleau |
Fontainebleau Development is an American real estate development and investment company headquartered in Aventura, Florida, founded by Jeffrey Soffer following the 2019 division of the Soffer family's interests in Turnberry Associates. The company develops, owns, and operates properties in the hospitality, gaming, residential, commercial, aviation, and marina sectors.[1][2]
A predecessor company was started in Florida by South Florida real estate developers Turnberry Associates[3] and the Plant family in 2005, after their purchase of the Fontainebleau Hotel in Miami Beach. The two families each hold a 50% stake in the company. The company is based in Enterprise, Nevada.[4][5]
History
Fontainebleau Development was established in March 2019, when Jeffrey Soffer split from Turnberry Associates, the South Florida real estate firm founded by his father, Donald Soffer in 1967. Jeffrey partnered with Brett Mufson, who led the company as president. Jeffrey and his sister, Jackie Soffer had co-led Turnberry for approximately 25 years when they agreed to divide the company's assets. Jeffrey Soffer took ownership of Fontainebleau Miami Beach, JW Marriott Turnberry Resort & Spa in Aventura, and Turnberry Ocean Club Residences, while Jackie Soffer remained at Turnberry with its core holdings, including Aventura Mall. The two siblings continued to share ownership of certain assets, including Hilton Nashville Downtown and Fontainebleau Aviation.[1][2][6]
On April 17, 2007, Publishing & Broadcasting Limited announced that it had entered into an agreement to acquire 19% of Fontainebleau Resorts for $250 million.[7]
Schaeffer left Fontainebleau Resorts without explanation in May 2009.[8] Schaeffer was primarily responsible for securing more than $3 billion in loans for the Fontainebleau Resort Las Vegas project.[9]
The Fontainebleau Miami Beach resorts new Coastal Convention Center was opened December 11, 2024.[10]
In early 2025, Fontainebleau Las Vegas finalized a labor agreement with the Culinary Workers Union Local 226 and Bartenders Union Local 165, ensuring job security and standardized wages for 3,300 employees.[11]
Properties
Subsidiary companies
- Fontainebleau Las Vegas LLC[12]
- Fontainebleau Las Vegas Holdings LLC
- Fontainebleau Las Vegas Capital Corp.
References
- 1 2 Alvarado, Francisco (1 April 2026). "How Jeffrey Soffer turned the Fontainebleau name into a real estate empire". The Real Deal.
- 1 2 Cordle, Ina (4 March 2019). "Turnberry partners and siblings Jackie and Jeffrey Soffer split up". The Real Deal.
- ↑ Johnson, Robert (25 May 2005). "Taking 1950's Miami Beach Chic to the Desert". The New York Times. Retrieved 23 October 2024.
- ↑ "Marta Lautin Named Vice President of Marketing for the Fontainebleau Resorts Brand, Which Includes the Fontainebleau Las Vegas and Fontainebleau Miami Beach" (Press release). 2007-11-14. Retrieved 2008-08-03.
- ↑ Fontainebleau Resorts
- ↑ Kallergis, Katherine (May 5, 2020). "Movers & Shakers: Ackman-Ziff managing director heads to JLL & more". The Real Deal.
- ↑ PBL buys stake in US casino company ABC News (Australia) April 19, 2007
- ↑ Liz Benston (8 June 2009). "Outlook for Fontainebleau slides from bad to worse". The Las Vegas Sun. Retrieved 29 August 2011.
- ↑ Fontainebleau's top executive leaves company on www.lvrj.com
- ↑ Beach, Fontainebleau Miami. "FONTAINEBLEAU MIAMI BEACH CELEBRATES GRAND OPENING OF COASTAL CONVENTION CENTER WITH CEREMONIAL RIBBON CUTTING". www.prnewswire.com. Retrieved 2025-01-11.
- ↑ Holmes, Mona (2025-03-11). "The Strip Is Now Completely Unionized Thanks to a New Agreement at Fontainebleau Las Vegas". Eater Vegas. Retrieved 2025-06-28.
- ↑ "Fontainebleau lenders want to force Chapter 7". South Florida Business Journal. 2009-09-29.