The story
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.
On April 17, 2007, Publishing & Broadcasting Limited announced that it had entered into an agreement to acquire 19% of Fontainebleau Resorts for $250 million.
Schaeffer left Fontainebleau Resorts without explanation in May 2009. Schaeffer was primarily responsible for securing more than $3 billion in loans for the Fontainebleau Resort Las Vegas project.
The unfinished Fontainebleau Las Vegas resort filed for Chapter 11 bankruptcy in June 2009. The property was acquired and sold several times, until February 2021 when Fontainebleau Development reacquired the property in partnership with Koch Real Estate Investments. The resort opened on December 13, 2023.
The 37-floor Trésor Tower at Fontainebleau Miami Beach was the first project undertaken entirely by Fontainebleau Development's in-house design team. The full renovation was completed in early 2023.
In June 2024, Fontainebleau Development was granted approval to purchase five acres of land near its Las Vegas resort for $112.5 million.
In December 2024, the company secured $1.75 billion from Goldman Sachs and J.P. Morgan, arranged by Newmark Group, to refinance the Fontainebleau Miami Beach and the JW Marriott Miami Turnberry Resort & Spa.
In 2023, Fontainebleau Development built SeaGlass Jupiter Island, a 10-story, 21-unit condominium. In 2025, it partnered with Starwood Capital Group on a second oceanfront project named 1 Homes Jupiter Island, which includes 10 stories and 26 units.
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The Fontainebleau Miami Beach resorts new Coastal Convention Center was opened December 11, 2024.
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.
From Wikipedia’s article on Fontainebleau Development, shared under CC BY-SA 4.0.4