Art Falcone Investment Firm Has Stake In Ion At East Edgewater

Art Falcone, one of the principals who assembled the Miami Worldcenter land, also has a stake in Ion at East Edgewater through an investment firm.

Encore Capital Management, managed by Falcone, Tony Avila and Bill Powers, partnered with Sakor Development, led by Stephen Kornfeld and former Related exec Barbara Salk on Ion.

Entities controlled by Falcone now control less than 30% of the Miami Worldcenter project.

Reservations at Ion are currently underway.