With his partner, Russian-born billionaire Leonard Blavatnik, he has bought up four city blocks along South Beach's Collins Avenue, including the '40s-era Saxony Hotel, and enlisted a roster of A-list talent to construct another Faena district.

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Norbest, an affiliate of Alpha Access Renova, which is controlled by Russian oligarchs Victor Vekselberg, Mikhail Fridman and Leonard Blavatnik, had acquired stakes in the Hawler and Sindi Amedi blocks in 2007.

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