Two entities connected to Miami developer Marlon Gomez lost a development site along the Miami River in a courthouse auction, according to court records from March 10. The property, located at 1515, 1529, and 1543 Northwest South River Drive, was acquired by an affiliate of the Fiorentino Family Office with a winning bid of $15,600.
The loss follows a final judgment issued on January 30 for $12.8 million against Gomez, his business entities, and former partners Fausto Callava and Antonio Pardo. The judgment stemmed from a lawsuit filed last year by the lender, which alleged that Gomez and his partners defaulted on a $10 million loan that matured in February of the previous year. Accrued interest and fees increased the total owed to $12.8 million.
The development site had been listed for sale in 2024 with an initial asking price of $25 million. After a court-appointed receiver took over management of Gomez’s entities last year, the price was reduced to $18 million. No sale occurred before foreclosure proceedings began.
According to allegations made by the Fiorentino affiliate during legal proceedings, Gomez submitted a fraudulent financial statement and did not disclose he was already in default on another $15 million loan for an Aventura project when he borrowed against the riverfront property. Gomez did not respond to requests for comment but has previously denied any wrongdoing and blamed the lender for disrupting plans for the Miami River project.
The Miami River site is approved for development as a luxury townhome project with 40 units and boat slips up to 50 feet long. With no buyer secured prior to foreclosure, it remains unclear whether the new owner will relist the property or pursue its original development concept.
This marks the second time in six months that Gomez has lost control of a major development site through foreclosure auctions. In October, an affiliate of Rok Lending took over his planned Aventura medical office project after securing a $19.9 million foreclosure judgment related to another defaulted construction loan.
