Inside ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’ Presented by Ella Miami Beach

On Wednesday November 1, 2023, PROFILEmiami, Ella Miami Beach and Constellation Group presented ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring Miami Beach’s North Beach, its rich past, and fast changing landscape.

On Wednesday November 1, 2023, PROFILEmiami, Ella Miami Beach and Constellation Group presented ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring Miami Beach’s North Beach, its rich past, and fast changing landscape. The engaging panel was highlighted by keynote speakers Eduardo Otaola of Constellation Group and developer of Ella Miami Beach; Raymond Fort of Arquitectonica; Daniel de la Vega of ONEsir; and Tracy Slavens of LSN Partners, LLC; moderated by Demetri Demascus of PROFILEmiami.

The evening was held at the Ella Miami Beach Sales Gallery on Miami Beach’s famed Collins Avenue. The evening was hosted by Eduardo Otaola, developers Constellation Group and Vietmar, as well as Demetri Demascus and Katya Demina, Co-Founders of PROFILEmiami.

The relaxed and open setting provided an opportunity for attendees to learn about the current and future state of North Beach and how new developments such as Ella are giving a nod to the neighborhood’s past. The sales gallery set an intimate yet luxurious ambiance to enjoy cocktails by E11EVEN Vodka and Ruka Winebar, as well as juices and bites by Pura Vida, while networking with some of South Florida’s preeminent real estate leaders and enjoying sounds by Miami-based DJ DAKAP.

The stunning, state-of-the-art, showroom for Ella Miami Beach offers a sneak preview of the art deco inspiration, style and sophistication of the project being developed by Constellation Group, The Boschetti Group, and Vietmar. The 10-story boutique condominium will soon rise in the heart of Miami Beach at 6940 Abbott Avenue. Ella Miami Beach will feature 95 residences exclusively marketed by ONE Sotheby’s International Realty including studios to two-bedroom floor plans ranging from 434 to 1,076 square feet. Prices start in the upper $600,000s, an attractive entry price for a new-build product in Miami Beach, where new construction pricing typically starts at approximately $1 million. The new construction building is expected to break ground in the first quarter of 2024 and is slated for completion in 2026.

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PROFILE Exclusive: 12 Questions With Alirio Torrealba, MG Developer Founder and Coral Gables Visionary

PROFILEMiami had the exclusive opportunity to sit down with real estate developer and philanthropist Alirio Torrealba following the groundbreaking of his new Coral Gables project, The Village at Coral Gables, to see how he built MG Developer into one of the fastest growing development firms in Miami and is continuing George Merrick’s original vision developing “The City Beautiful”.

PROFILEMiami had the exclusive opportunity to sit down with real estate developer and philanthropist Alirio Torrealba, whose projects have continued the legacy of Coral Gables founder, George Merrick, and his vision for “The City Beautiful.”

Born in Caracas, Venezuela and graduated from the University of Santa Maria, Alirio Torrealba has a Law Degree with business experience in the automotive industry. From an early age he began to buy and sell used vehicles becoming an automotive agent and that is how he began his professional career in 1989 when he opened the doors of Western Motors, his first car dealership in Caracas, Venezuela.

Due to its success in the automotive industry, he could establish himself in the field and in 1992, Multimarca Automotive Group was born, originally venturing into the purchase, sale, and consignment of new and used vehicles. This experience allowed him access to the representation of important brands such as Kia, Ford, Fiat, among others. Part of his achievements with Multitarca include the positioning of the company as one of the main companies in Venezuela, dominating a large percentage of the market in the country, the growth of branches reaching more than 10, and the expansion of the product line since this experience in the Venezuelan market guided him to venture into the purchase and sale of urban buses. For 10 years (2000-2010) his focus was the automotive industry, always looking for new opportunities and exploring different ways to improve his business. It is because of this vision and desire to improve that in 2010 he was seeking to exploit different markets and develop in Puerto Rico, still under the umbrella of Multimarca Group, Alirio introduced the Kia brand to Bayamón and Humacao, Puerto Rico, strengthening its presence on the island.

In 2010 he began to participate in small real estate investments in Miami, generating an interest in the real estate business in Florida. Alirio moved to Miami in 2013 and in 2014 he began to look for opportunities with the desire to develop in the city. Motivated to find the perfect moment, he was presented with an open door in Coral Gables to build a boutique building in a very central area where developments did not exist, thus becoming the pioneers of development in Coral Gables.

Completely changing his business model and going from working with cars to working in the real estate world, he decides to open a development company, MG Developer, where he is currently the CEO. The company takes over its first project in 2015, which brought interest within the community, giving rise to new acquisition opportunities. From that year to the present date, MG Developer has managed to build and fully deliver eight projects that have generated a highly positive impact on the community.

Carrying with him the values that formed him, he also attaches great importance to corporate social responsibility and that is why he is an active ally of Fundahigado, where his company, MG Developer, is part of this international non-profit organization. Alirio shows his sense of human sensitivity by supporting professional training and development scholarships for children and youth from poor areas throughout Venezuela. In addition, in contribution to "City Beautiful" as Coral Gables is known, Alirio works in ties to promote Art and Culture.

PROFILEmiami recently caught up with Alirio following the groundbreaking of his new Coral Gables project, The Village at Coral Gables, to see how he built MG Developer into one of the fastest growing development firms in Miami and is continuing George Merrick’s original vision developing “The City Beautiful”:

PROFILEmiami [PM]: Tell us about your background, how did you get involved in real estate?

Alirio Torrealba [AT]: I arrived in Miami 8 years ago and was able to connect with the real estate industry. I got involved quickly and began to look at development options in the City of Coral Gables. The City was welcoming since day 1 and now I can say I feel at home here. It offers a very unique lifestyle and we found the perfect niche to create and develop unique projects that could continue to add value to Coral Gables.

PM: What was your first real estate development project?

AT: Our first development project was Biltmore Parc, 32 exclusive condominium residences.

PM: What is your development philosophy?

AT: Nothing beats good teamwork.

PM: You've made a name for yourself transforming Coral Gables residential real estate, can you tell us about your first involvement in the neighborhood and some of your previous projects?

AT: Biltmore Parc at the time gave us great visibility and exposure within the city of Coral Gables because it had been a long time since anything new was built in the city, this opened the doors and connected us with the neighboring people and from there arose new opportunities to buy land around that project.

PM: You recently started the construction of The Village at Coral Gables, tell us about this project?

AT: Built in the classic enclave of Coral Gables, the new Village at Coral Gables Collections revives the legacy of the City’s first architectural icon. Inspired by George Merrick’s Spanish architecture, The Village at Coral Gables reflects the community’s past and present vision—”The Village Project”—and offers 48 residences that are perfectly at home in their tropical surroundings. Here, timeless architecture and meticulously selected finishes are inspired by both the past and present, harmonizing with Coral Gables’ lush environment to create a one-of-a-kind experience. Residences range from two-bedroom flats to four-bedroom townhomes, we also offer Lofts and Villas.

PM: What is your perspective on the real estate market in Miami amid a changing economic environment and rising interest rates?

AT: Real estate in Miami has consolidated and stabilized. We are now in a market of stable prices, there is no longer a high trend, and my position is that with such a market it is still an opportunity to buy because when interest rates go down there will be a lot of demand and prices will rise. I think that with the issue of the interest rates, even being high is a good time to buy because prices have been maintained.

PM: What's the biggest obstacle you've had to overcome in your career?

AT: In my career as a developer, the biggest challenge has always been finding land to do major projects. Especially the localization of land in Coral Gables because there is not much left here so whenever we have had the chance to acquire land in the city, we take it as a great opportunity that we do not want to miss. It is the biggest effort and the one that takes more time in the process of development.

PM: What's the most important thing you've learned throughout your career?

AT: I have learned that it takes faith, perseverance, and a lot of dedication to achieve objectives.

PM: You are extremely active in the world of arts; can you tell us about your passion and relationship with art?

AT: I am a promoter of art and I like to support emerging artists to develop. I like our projects to have an art component since it is a fundamental part of the lifestyle that we promote in the city.

PM: You are very involved in the Coral Gables community, what are some of the philanthropic initiatives you have undertaken?

AT: We are very involved in the Coral Gables Community Foundation, and I always try to support their work. We also participate in the Coral Gables Museum and in general we like to participate in activities from the city because by being involved we can help the Coral Gables evolve. At the end of the day, I try to follow what has always been part of my work philosophy, which is sharing with others, working with generosity, and always trying to give one’s best.

PM: Describe your perfect Saturday night in Miami?

AT: A night out to dinner with my family in one of the many amazing places Miami has to offer.

PM: Where do we find you on your day off?

AT: Not necessarily a day off, but I always look for free time to enjoy a while running on the beach and disconnect for a second, following a healthy lifestyle.

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Inside Miami Herbert Business School's Accelerated MBA in Real Estate: The Best Way To Take Your Career In Real Estate To The Next Level

Miami, and South Florida in general, are growing hubs for commercial and residential real estate, making the University of Miami Patti and Allan Herbert Business School one of the best places to study for those looking to take their real estate careers to the next level. The Miami Herbert Business School’s Accelerated MBA in Real Estate prepares students to succeed in commercial real estate.

Miami, and South Florida in general, are growing hubs for commercial and residential real estate, making the University of Miami Patti and Allan Herbert Business School one of the best places to study for those looking to take their real estate careers to the next level. The Miami Herbert Business School’s Accelerated MBA in Real Estate prepares students to succeed in commercial real estate market careers while offering students the opportunity to participate in two paid internships with some of the top firms in the commercial real estate industry. The students also become proficient at Argus, making them an attractive candidate to major firms who use the real estate software.

The Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School strengths in management education with the School of Architecture, a leader in New Urbanism. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more. Each student is paired with an industry mentor for career advice and networking connections throughout their time in the program.

The program leaves graduates well networked in the Miami real estate industry and prepared for a successful career in commercial real estate. Students study topics such as real estate finance, private equity modeling, underwriting, real estate development, ground leases and other essential topics. They also work in real time on a development plan for a local property and meet with industry mentors to work through the development process in real time with hands on oversight.

“The Accelerated Real Estate MBA really immersed me in multiple sides of the commercial real estate industry that I had not been exposed to before and it really helped drive my career forward. Even if you are coming from a background in real estate the classes such as real estate finance and real estate development give you the tools you need to contribute from day one at a large real estate shop," said PROFILEmiami Co-Founder Demetri Demascus who graduated from the program in 2021.

Students are provided many intimate networking opportunities with industry leaders throughout the program. The Miami Herbert Business School attracts local, national, and international industry experts to the annual University of Miami Real Estate Impact Conference, which Accelerated Real Estate MBA students have the opportunity to attend with real estate titans such as Stuart Miller, Edgardo Defortuna, and Allen Morris. Last year featured speakers included John Buck of The John Buck Company as well as Miami-developers Armando Codina and Jay Massiman. Roy March of Eastdil and Ralph Rosenberg of KKR were featured last year along with Jonathan Tisch.

The school also hosts an annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. In the past, teams from University of Miami, Wharton, Colombia, and Cornell have all placed in the competition. Both the conference and the competition give students exclusive access to extensive networking opportunities.

Miami Herbert Business School's Accelerated MBA in Real Estate is the best way to take your career in real estate to the next level. The Accelerated Real Estate MBA program is designed to meet the needs of the student with an undergraduate degree in business and at least one year’s full-time work experience before the late May 2024 start date. Applicants must demonstrate successful completion of the core business courses: Financial and Managerial Accounting, Microeconomics, Macroeconomics, Statistics, Calculus, Organizational Behavior, Operations Management, Marketing, and Finance.

How to Apply:

Applications for the program class that begins in late May 2024 are now open. To obtain detailed program admission information, please reference the program brochure which can be requested by contacting Graduate Business Admissions at 305-284-2510, by email at mba@miami.edu, or visiting Miami Herbert Business School’s website: www.herbert.edu.

If you would like to receive a preliminary admissions decision about your candidacy within two business days, please email your current resume to:

Dr. Andrea Heuson, Academic Director of Real Estate Programs at Miami Herbert Business School: aheuson@bus.miami.edu

You will receive a confirmation that your resume was received within one business day. If you do not receive that confirmation, your resume may be blocked in a spam filter. In this case, please contact Chuck Somma at csomma@miami.edu for instructions on how to ensure your resume is received by Professor Heuson.

Miami Herbert Business School has created merit-based scholarships for up to $10,000 for students who begin their application before October 15, 2023, and verify enrollment by November 15, 2023. These scholarships are in addition to the generous support provided to all incoming students by Miami Herbert Business School and the paid internship in the first six months of the program.

Applicants who want to be considered for internships at national real estate firms should begin their application by October 15, 2023. For all other internship opportunities, applications must be completed by February 15, 2024, for consideration. However, it is best for students to complete their application earlier. Keep in mind that the online application is the first step, and supporting materials may be submitted after your application is received.

Once you begin your application, please reach out to schedule a call or an in-person meeting with Professor Heuson to discuss your desired internship focus. This meeting will lead to instructions on how to apply for a waiver of the application fee.

Prospective students can begin their application on the BusinessCAS platform. We look forward to connecting with you throughout the application process. Please do not hesitate to reach out should you have any questions.

Request More Information on Miami Herbert Business School's Accelerated MBA in Real Estate:

Images via University of Miami

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PROFILE Exclusive: 12 Questions With Restaurant and Entertainment Mogul Mathieu Massa of Queen

PROFILEMiami had the exclusive opportunity to sit down with hospitality mogul and real estate investor Mathieu Massa, who recently opened Queen, one of Miami’s hottest new restaurants in the historic Paris Theater on Miami Beach’s Washington Avenue. Mathieu leads Mr. Hospitality Group, which has opened hotspots such as Marion, El Tucán and Queen.

PROFILEMiami had the exclusive opportunity to sit down with hospitality mogul and real estate investor Mathieu Massa, who recently opened Queen, one of Miami’s hottest new restaurants in the historic Paris Theater on Miami Beach’s Washington Avenue. Mathieu leads Mr. Hospitality Group, which has opened hotspots such as Marion, El Tucán and Queen. He also oversees Massa Investment Group LLC, a fully integrated investment firm specializing in real estate development and hospitality which he launched in 2007. Massa Investment Group recently revealed plans to acquire the former Starwood Capital HQ in Miami Beach with Robert Rivani’s Black Lion Investment Group for $82 million.

Born in the French Riviera, Mathieu Massa hails from a family of entrepreneurs. His early inspiration comes from a lineage of great men that dates back to his great-grandfather, Sylvain Emile Massa, who migrated from Italy and settled in Cannes, France in 1908. Guided by the family’s entrepreneurial spirit from generation to generation, Mathieu embarked on a start track of higher education receiving his MBA degree from the prestigious school H.E.C in Paris and Babson College in Boston.

After graduating in 2007, Mathieu settled in Miami where he launched his private equity firm Massa Investment Group LLC. Massa Investment Group is a fully integrated investment firm specializing in real estate development and hospitality. Though initially focused on purchasing distressed assets following the subprime crisis of 2008, the company comprises all aspects of real estate development—from due diligence and positioning to branding, marketing, construction, and design.

Mathieu founded Massa Construction Group in 2009 and is well-versed in projects spanning from commercial, and residential, to hospitality and mixed-use structures. Notable projects include an extravagant villa in Cannes, France, which sold for 13 million euros in 2017, alongside four sprawling waterfront homes in Miami Beach, developed between 2015 and 2019. Three of these residential projects occupy Prairie Avenue, while the pinnacle of luxury resides within the esteemed Sunset Islands III.

Mathieu’s step into the hospitality world would then come by chance when he was approached by the famed Bâoli Cannes team to assist with the restaurant operations of their new venture in Miami Beach, a small Italian restaurant on Collins Avenue, known as Vita. First, Mathieu purchased a 50% stake in the business in 2009, and two years later took on sole ownership, transforming the sleepy Italian restaurant into the thriving Bâoli Miami we know today. The biggest overhaul was by far the entertainment, Bâoli Miami was Miami Beach’s first supper club, introducing a sophisticated dinner party concept with late-night entertainment that’s now synonymous with the city’s nightlife scene. In 2014, after the immense success of Baoli, which was named one of the best restaurants in Florida, Mathieu founded Mr. Hospitality, which would soon become the driving force behind Miami’s most successful and upscale dining establishments.

In 2023, Mathieu revealed his plans to take over the historic Paris Theater building in Miami Beach and convert it into an unprecedented and exquisitely lavish destination for fine dining and entertainment under the esteemed operation of Mr. Hospitality Group. Led by Mathieu’s visionary leadership, the 23,000-square-foot Miami landmark was meticulously transformed into an ultra-luxurious modern Japanese restaurant and lounge, coined Queen Miami Beach. The $40-million-dollar redevelopment endeavor has introduced a new level of luxury dining, since opening its doors to the public in February 2023, and marks only the beginning of Mathieu's ambitious plans to further elevate and revitalize the premier hospitality development landscape in Miami Beach.

PROFILEmiami recently caught up with Mathieu following the launch of his newest addition to Queen Miami Beach, Queen Omakase, to see how he creates trailblazing venues giving guests a heightened, luxurious entertainment-driven experience and finding synergy between real estate and design, and investing:

PROFILEmiami (PM): Tell us about your roots? Where did you grow up? What is your background?

Matthew Massa (MM): I was born and raised in Cannes, France, a city famous for hosting the annual film festival on the French Riviera. After completing my education at a business school in France, I pursued an MBA at Babson College in Boston. In 2007, I made the decision to settle in Miami, opting to take a chance on a new path in a different location rather than returning to France to manage the family businesses, which included ventures in tires, wine, and horses, among others.

PM: How did you get involved in the hospitality industry? What was your first venture into hospitality?

MM: In 2009, I was approached by the owners of Baoli in Cannes to assist with their new venture in Miami Beach, which consisted of the restaurant operations of a small Italian restaurant on Collins Avenue and 19th Street called Vita. While my background was in real estate and finance, I quickly developed a passion for the hospitality and restaurant industry as I worked tirelessly on this project. Within a few months, I became a partner, and after a year and a half, I assumed sole ownership. This marked the beginning of Baoli Miami's transformation into the thriving establishment it is today.

PM: As a hospitality entrepreneur, where do you draw your inspiration? Is there a signature vibe or features of the hospitality experience that are unique to you and your institutions?

MM: I draw my inspiration from my travels around the world: Saint Tropez, Montecarlo, Ibiza, Japan, Brazil, China, Russia, etc.. What sets us apart as a business is our distinctive European approach to people, cuisine, and service. This international perspective infuses our institutions with a unique blend of influences and a signature vibe that differentiates us from the local competition.

PM: What are they keys to running a successful world class restaurant, like Queen, in a global city like Miami?

MM: Running a successful world-class restaurant in a global city like Miami, such as Queen, requires a commitment to excellence, discipline, and unwavering consistency. Attention to detail is key, ensuring that every aspect of the guest experience, from the cuisine to the ambiance, contributes to creating a special and memorable visit. Attentive hospitality, adaptability, and innovation are also key to staying ahead of evolving trends and guest preferences.

PM: Where did the idea for Queen come about? What inspirations helped you evolve the concept?

MM: The idea for Queen was born from the space itself, which possessed undeniable uniqueness, theatricality, and spectacle. The concept organically evolved around the distinctive characteristics and existing conditions of the real estate structure.

PM: How did you acquire the property and the journey to the grand opening?

MM: The journey to Queen's grand opening began with my decision to acquire the property in November 2019. However, in March 2020, the onset of the COVID-19 pandemic brought uncertainty to the restaurant industry, with closures happening worldwide. I had to make a difficult decision about proceeding with the purchase. It was undoubtedly one of the most difficult choices I've ever made, but ultimately, it turned out to be the right one. It then took 3 years of tireless work and unwavering dedication to transform the property into what is now one of the world's most spectacular restaurants.

PM: What makes Queen so much different than any other dining experience in Miami?

MM: What distinguishes Queen is its exceptional attention to detail in crafting a truly immersive, theatrical guest experience. From the moment you step through the front entrance, you're enveloped in an atmosphere that seamlessly blends theatricality with elegance. The journey continues into the main dining room, where an open kitchen adds an interactive element to the guest’s dining experience. With multi-level spaces, state-of-the-art sound, lighting, video, and special effects, Queen sets the stage for a memorable evening. What truly sets Queen apart is its commitment to glamour and sophistication, from the meticulously curated decor and captivating art program to the elegant dress code and high-level execution of cuisine and service.

PM: Tell us about Queen Omakase. When did you decide to add the private omakase room dining component?

MM: This was decided during the design phase of the project, which actually took place during the middle of the covid lock down. Our primary objective was to introduce an exclusive, intimate, and captivating dimension to enhance our guests' experiences.

Omakase is one of the most demanding and respectful forms of dining between the Chef and the customer. What is different about curating the Queen Omakase experience for your guests? How is it different from other omakase experiences in Miami?

Our omakase room is designed to evoke the feeling of a residential open kitchen, creating an inviting and personalized atmosphere reminiscent of dining in someone's home. What truly sets us apart is the exclusive speakeasy-style access to the omakase room, guiding guests through the main kitchen and back-of-house areas for a very special and exciting journey. The omakase room itself is a masterpiece of posh, sophistication, and glamour. From the bamboo-style wallpaper to the custom Murano glass chandelier, vintage lighting fixtures, and art pieces, these elements combine to envelop guests in an atmosphere of elegance and refinement.

PM: Why did you choose Chef Max Kamakura to oversee Queen Omakase?

MM: Chef Max Kamakura was chosen to lead Queen Omakase due to his unique blend of traditional sushi expertise and innovative approach to Japanese cuisine. As a fourth-generation sushi chef from a family deeply rooted in tradition, Chef Max brings a wealth of experience and a commitment to excellence. What sets him apart is his ability to infuse traditional techniques with globally sourced ingredients, resulting in a one-of-a-kind culinary experience. Moreover, Chef Max's positive attitude and spirited energy add to the overall enjoyment of the intimate dining setting, which is important for the guest experience.

PM: What are some of Queen’s signature items that, as the owner, you would recommend to guests?

MM: First and foremost, I encourage guests to try our exquisite selection of meats, carefully sourced from top producers both in the United States and Japan. Some of our best-selling dishes, which I’d also highly recommend, include the Maitake Mushrooms, Avocado Tart, Caviar Crispy Rice, and the Cacio e Pepe Mushroom side dish, which has become a real crowd favorite.

PM: What does Queen’s opening and success mean to the city of Miami Beach?

MM: Queen's opening and success has brought a significant positive impact to the city of Miami Beach. City officials, including high-ranking figures, have expressed their pride in having such a prestigious establishment in a neighborhood that faced challenges in the past. Some city staff members have even noted that Queen's presence represents one of the most significant developments in the city in the last 25 years, comparable to the impact of notable establishments from the past. The success of Queen has revitalized the city's sense of glamour and elevated its culinary reputation. It has also caught the attention of accomplished restaurant operators, positioning Miami Beach as a competitive player alongside renowned dining destinations like Dubai, London, New York City, and Las Vegas. Queen's influence on the city is a clear indicator of its ability to reshape and enhance the dining and cultural landscape in Miami Beach.

PM: Do you intend to expand the Queen concept to other markets or is it to remain an exclusively South Beach experience?

MM: While I've received tempting offers to expand the Queen concept to various global markets like Dubai, Saudi Arabia, London, Ibiza, and Paris, I am committed to maintaining its exclusivity as a South Beach experience. After all, how many Paris Theaters can you find?

Images via Queen Miami Beach

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Emerging Leaders: The Next Generation of Real Estate Presented by the Miami Herbert Business School Accelerated MBA in Real Estate

PROFILEmiami and The University of Miami Herbert Business School Accelerated MBA in Real Estate are pleased to present “Emerging Leaders: An Exploration into the Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there.

PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate are pleased to present “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there. Miami is one of the hotbeds of commercial and residential real estate development and investment, making a career in Miami’s ritzy real estate industry a coveted position to hold. PROFILEmiami has teamed up with Miami Herbert Business School’s Accelerated MBA in Real Estate program to explore the next generation in real estate, working and hiring in the Miami market, recruiting, education and how some of Miami’s biggest real estate players got to where they are today.

The evening will be held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing their new luxury condominium and townhome project now under development in Downtown Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about how to advance their career in real estate, educational opportunities and recruiting in Miami’s commercial and residential real estate industries. The sales gallery provides an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders. The engaging panel will feature keynote speakers Jakub Hejl, the Founder & CEO of Westside Capital; Diego Torrealba, a current student in Miami Herbert Business School’s Accelerated MBA in Real Estate program and a Senior Vice President at MG Developer; Marc Chasin, a Vice President at Eden Multifamily; moderated by Demetri Demascus of PROFILEmiami.

About the University of Miami Accelerated MBA in Real Estate Program

Named one of the world’s best MBA programs, the Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School with the School of Architecture, a leader in new urbansim. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more.

Miami, and South Florida in general, is a growing hub for commercial and residential real estate. As such, Miami Herbert Business School attracts local, national, and international industry experts through the annual University of Miami Real Estate Impact Conference. The school also hosts the annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. Both the conference and the competition give you exclusive access to extensive networking opportunities.

Who Should Attend: Prospective MBA candidates, Recruiters, Employers, Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: October 26, 2023 | 6 PM - 8 PM

Where: The Village at Coral Gables Sales Gallery, 2990 Ponce De Leon Blvd., Coral Gables

Panelists:

  • Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas

  • Jakub Hejl, Founder & CEO, Westside Capital

  • Diego Torrealba, Vice President, MG Developer & University of Miami

  • Marc Chasin, Vice President, Eden Multifamily

  • Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

Hosts & Sponsors

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PROFILE Exclusive: 12 Questions With Simon Mass of The Condo Store

PROFILEMiami had the exclusive opportunity to sit down with Simon S. Mass, CEO and Founder of The Condo Store (TCS). Simon is often recognized as the “architect” of the pre-construction condo investment sector in Canada, with over $25 billion in project transactions and a distinguished reputation that spans across North America.

PROFILEMiami had the exclusive opportunity to sit down with Simon S. Mass, CEO and Founder of The Condo Store (TCS). Simon is often recognized as the “architect” of the pre-construction condo investment sector in Canada, with over $25 billion in project transactions and a distinguished reputation that spans across North America. The Condo Store, which now hosts over fifty team members and more than 350 sophisticated high-net-worth clients from around the globe, started as a ten-person boutique firm he co-founded in 2004. Simon and TCS recently launched operations in Miami.

Simon has long-term relationships with hundreds of clients that include doctors, medical practitioners, and business professionals across Canada and now the United States. TCS clients account for over $500 million in annual investments.

It is common knowledge that condo investments have been one of the highest grossing asset classes over the past 25 years. These high-level personal connections allow TCS clients to have an advantage in the sector and ensures investing into a real estate project is targeted and knowledge based.

PROFILEmiami recently caught up with Simon amid his busy schedule managing TCS’s launch in Miami and developing Casa B&B Italia, a new construction luxury private residence on Miami’s Venetian Islands designed by Doo Architecture and winner of the 2020 Interior Design Magazine Best of Year for Residential Unbuilt Category and the 2019 Rethinking the Future Awards for Private Residential Concept:

PROFILE: Tell us about your background, how did you get involved in real estate?

Simon Mass: Purely by chance. I left the United Kingdom after graduating with an Engineering and Management undergraduate degree from Bath University to enroll into an MBA program at Schulich School of Business in Toronto, Canada. The idea was to graduate with an MBA, complete the marketing speciality, and enter the world of business back in London, UK. Honestly, at that time, I didn’t have a specific career path in mind and was open to finding that path organically and with no urgency, just like any other typical 21-year-old.

Real estate wasn’t on the agenda for me in terms of a business environment. I had a definite and keen interest in architecture and interior design but that was really for my own personal and vivid imagination. I was always thinking about and looking at real estate publications wondering what appealed to me and what I thought I’d like to own someday for my home.

PROFILE: How did you first get involved investing in pre-construction condominiums?

SM: While adjusting to the colder climate and heavy snowfall that are part of the winter season in most of Canada, I got lost in a snowstorm trying to find the University campus and stumbled upon a trailer that housed the sales center for a pre-construction development. Before I knew it, I had the real estate bug and fell into the pre-construction investment world.

The minute I realized that I could enjoy my time at work, make a living and grow a business and not be working for someone else, I knew that I should take extra care in understanding and utilizing the pre-construction investment model and not just look at it as a small-time side hustle while still trying to discover my calling. Without looking back, I quickly decided to make it my calling and decided to bring in many friends and family for the ride that proved to be a small steppingstone to growing the wealth of so many people around me that followed the same path. As the saying goes, the ‘snowball effect’ kicked in and people were contacting me and saying they had heard that I had insider deals with pre-construction developers, and they wanted to be given the same opportunity to make a lot of money and invest in a bricks and mortar opportunity versus risking their hard-earned money in the speculative stock market.

PROFILE: What was your first real estate deal that you worked on?

SM: This dates to the mid 1990’s and was a catalyst to my eventual decision to stay in Toronto and slowly set up the first business model for TCS. Shortly after the snowstorm incident, with just a handful of friends and classmates, I managed to secure a small number of units in a master planned community in downtown Toronto. I believe it was just twenty units, which at that time was substantial considering the average broker in the mid-1990’s handled ten transactions per year. This first foray into bulk transactions allowed me to establish a relationship with the head of the sales and marketing division at the multi-billion-dollar development (which now spans several city blocks and has over 22 towers).

It became apparent right after this 20-unit bulk deal that prices were increasing at a substantial rate and that if I was able to convince developers to reduce the down payment requirement for my firm and keep the normal, much higher rate for the brokerage and general public, I would be able to skew the ROI’s (cash-on-cash returns) for our ventures to levels that would not be conceivable to most investors. This first project had multiple other phases and the initial phase sold out within a few weeks, therefore giving me the confidence that pricing for future phases would be much higher.

PROFILE: What is your investment philosophy in regard to investing in pre-construction condominiums?

SM: Our success has been derived in large part by working with the best and most powerful developers, focusing on gentrification locations, and staying in it for the long-term. With respect to growing the business, we have been almost entirely referral based as we are not an advertiser of any kind, and we do not even show our offers to the general public. Our clients appreciate that exclusivity and reward us by continuing to purchase and invest through our firm recognizing the returns that they have recorded over the years.

PROFILE: Tell us about The Condo Store and what you guys do?

SM: Extremely important to note that 90% of our clients are doctors and surgeons. From day one, I have had a connection to medical professionals as they were my friends who had also recently graduated and entered the work force in Toronto. I always felt somewhat guilty that I graduated with both an undergrade and postgraduate degree in under five years whereas my friends who decided to go into the medical sector would only enter the work force after 9-12 years of schooling alongside a massive debt. It didn’t seem fair, and I wanted to specifically bring them in; in a way that they would be financially rewarded through real estate investing through my direct involvement.

TCS partners with developers to secure a large number of units in a new pre-construction building; in high density projects, we seek a minimum of 25% of the entire inventory, and in low density buildings, we can go as high as 100% of the inventory. Once we have secured the project with special terms (highlighted by a low-down payment structure) through educating developers and their financial lenders that it’s safer to have pre-construction buyers to have six to seven figure salaries and secure earnings (i.e., doctors) with career paths that were practically guaranteed until retirement age, over every other demographic. We keep it simple in terms of presentation materials, doctors are far too busy for long investment decks. We present the opportunity to our clients in real time, with no favoritism or special treatment on a first-come, first-served basis.

We curate only the best investments for our clients, and if that means we do not have an offer for a few months or even a full year, then that is what we will do. We will not risk our reputation to send a ‘just OK’ investment deal to our loyal clients.

The core tenet that has built our referral-based business is having skin in the game. What that means is that for every offer we put in front of our clients, we (myself and business partner, John Mehlenbacher) invest in multiple units in each deal. We invest alongside our clients and that is what differentiates us from almost everyone in the space.

PROFILE: What have been some of the keys to TCS producing consistent, successful returns for your investors?

SM: Quality and time. We hand pick three or four of the best sites annually (out of 150+ launches) and develop them into lucrative leverage-based deals; we don’t deviate from the fundamentals of a solid investment and never chase a deal.

We are not just a real estate company; we are an investment company that specializes in real estate. Keeping true to our principles, where we invest side-by-side with our clients, we ultimately offer that rare quality of being in every deal that we present. With that, we do not pump out offer after offer every other week and we are not willing to sell run-of-the-mill projects that, in our opinion, won’t allow for significant double digit returns to our clients.

PROFILE: You are now opening in Miami, can you discuss your expansion to South Florida?

SM: We have seen many of our doctor clients leave Canada for the United States. They asked for our assistance, and we also understand the magnitude of the U.S. market as it’s ten times larger than Canada population wise, and that allows us to work with millions of doctors all living, working, and seeking investments in Miami.

With our track record amongst their peers, we feel that we can grow our referral-based business within the medical practitioner space at a level that will over time be two or three times the size of our Canadian operations.

Over the years we have been able to understand the needs and wants of our core clients, and we can bring that outlook and experience to an entirely different market. We’ll bring the fundamentals of what a great real estate investment is and push to create the same deals and opportunities in Miami that we are known for in Toronto.

PROFILE: What is your outlook on the real estate market in Miami amid a changing economic environment and rising interest rates?

SM: Miami has unique characteristics that can influence its real estate market, so it goes without saying that I am very bullish on real estate investing in the right locations across Florida.

With a dynamic tourism sector that keeps on growing, and foreign investments that is now super-charged with an aggressive domestic immigration push from American citizens changing their residence to Florida and moving here and making it their home, there is so much positive news for the sunshine state.

Miami's real estate market is for the time being only minimally being influenced by a changing economic environment and rising interest rates. Looking to the future, I believe that we have yet to see the actual real estate boom that Miami (or generally Florida) has been chronicled to have been in for years. The next 10 years will most likely see massive price appreciation that will make this city even more expensive on many levels.

PROFILE: What is the biggest hurdle that you have had to overcome in your career?

SM: I’ve been very fortunate and would be the first to call myself a workaholic since a very early age. There’s a fundamental reason for my success as I’ve had the advantage of loving what I do and as such, not counting down the hours each day to end my work schedule and start on my social calendar.

I’ve overcome the hurdle of listening to all the noise in the market by keeping my mind open. Information is power, so listening to everyone but not being influenced by everyone is the challenge. For example, taking in information from so-called ‘institutional experts’ but not being bound to call it solid. Especially from those ‘experts’ who in my humble opinion are so often wrong when it comes to the real estate market, and it’s future.

I have also found that economists, for the most part, always have a skewed perspective on the value proposition of the real estate space and tend to downplay the psychological consumer mindset when it comes to property ownership.

I have been lucky that my gut feelings combined with analyzing the economic fundamentals have typically played out well; and let’s not forget that Toronto has been on a 32 year real estate growth run. That has obviously helped in our firm’s double digit, cash-on-cash, annual returns.

PROFILE: What was the first gift you bought yourself after closing a big deal or first big development?

SM: Very cliché…I walked into a Porsche dealership and an hour later, drove out in a 911. Since I was a small child, I was always in love with sports cars, so I was fortunate enough to start with a 911 in my early twenties with money that I had made from my own hard work and risk-taking tactics.

I still treat myself after every single venture as I believe that to stay motivated, an entrepreneur needs to be self-incentivized. I will add a charitable donation to my self gift-giving ritual as I feel it’s imperative that we realize how fortunate we are and to give back, even if it’s a small donation. It’s a lifestyle necessity, in my mind, to count your blessings and pay it forward.

PROFILE: Describe your perfect Saturday night in Miami?

SM: So, it all depends on who the other friends or clients are, sometimes it’s a chill evening at one of my favorite restaurants in SoFi, for example, Call me Gaby where the ambiance of European dining in a unpretentious space is always inviting. Sometimes it’s a longer evening of cocktails and fine dining at one of the many restaurants that have opened in Miami (that have outposts all across the world), such as LPM, The Surf Club or Carbone.

I’ve never been a big drinker and prefer a good dinner over a few bottles of wine. Makes my Sunday mornings a lot more efficient and painless.

PROFILE: Where do we find you on your day off?

SM: If you ask anyone that knows me well, they will tell you that I need a day off.

I’m always “on” because I enjoy what I do, as making money for your friends and clients is beyond rewarding. Deal making is a undertaking that I’m very-very passionate about. I take my role in building wealth for clients very seriously – and that’s one of the main reasons that TCS is known as the largest pre-construction investment firm in Canada built on a referral network that keeps on growing.

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PROFILE Exclusive: 12 Questions With Developer James Curnin Of Clara Bay Harbor

PROFILEmiami had the exclusive opportunity to sit down with James Curnin of Clara Homes, a Miami-based, vertically integrated real estate firm, to discuss how he has found success developing and expanding his brand in the Miami market following an accomplished start to his career developing luxury residential properties in Los Angeles.

PROFILEmiami had the exclusive opportunity to sit down with James Curnin of Clara Homes, a Miami-based, vertically integrated real estate firm, to discuss how he has found success developing and expanding his brand in the Miami market following an accomplished start to his career developing luxury residential properties in Los Angeles. Founded in 2014 by James, Clara Homes offers residential and commercial development, operations oversight and custom homes.

With work spanning South Florida to Los Angeles, the Clara Homes has collaborated with some of the industry’s most innovative architecture firms, including Vertoch Design Architects, McClean Design and Strang Design, to differentiate its portfolio from others in the market. Currently in the pipeline are three waterfront spec homes, three privately owned custom homes, as well as a 150-unit, three-building rental development in Bay Harbor Islands named Clara Bay Harbor which broke ground in March 2023.

Recent completed projects include a single family spec home project, a Modern Farmhouse located at 6341 Allison Road on Allison Island, which sold for $13,875,000, as well as 416 W San Marino Drive which is currently pending for $29 million. Curnin also delivered a project on Sunset Island II and other homes on Miami Beach. Homes currently under construction include properties on La Gorce Circle, Davis Road and Pinetree Dr Circle. PROFILEmiami recently caught up with James following his site approval for the third building as part of his Clara Bay Harbor development to see how he has taken the Miami market by storm:

PROFILEmiami: Tell us about your background, how did you get involved in real estate?

James Curnin: I was always drawn to real estate. My great grandfather had an impressive portfolio of buildings around New York City, and I grew up knowing that one day, I would follow in his footsteps. When I was finally old enough to start working for the family business, I was 14. It was hard work, but it solidified what I already knew to be true: I would grow up to be a real estate developer. My great grandfather’s company gave me my start. I contributed to major tri-state area projects such as Parker Meridien Hotels, Parker Towers and Parker Plaza. After some time, I decided to leave New York City and start my own legacy. In 2014, I founded Clara Homes, starting in Los Angeles. Great weather, a favorable business landscape and the promise of opportunity brought me to Miami. Here in South Florida I’ve grown Clara Homes into a vertically integrated real estate firm offering residential and commercial development, operations oversight and custom homes.

PROFILE: What was your first real estate development project?

JC: A single-family home in the bird streets of Los Angeles.

PROFILE: What is your development philosophy?

JC: Chase every penny, as frequently told to me by my great-grandfather when I was just getting started in the business.

PROFILE: You have built a name for yourself in Miami developing Spec Homes, can you tell us about your past projects? Are you currently working on any?

JC: I got my start in Miami building and selling spec homes, and it’s been an incredible journey. Just as the pandemic was setting in, we were completing four residences throughout the city. It was a time when everyone was in quarantine looking for more space, warm weather and private outdoor access, so we were able to quickly sell the listings and rapidly grow a good reputation for our use of quality materials and thoughtful design. Ever since, buyers have come to recognize our work and trust that we strive for perfection. We collaborate with the best architects in the area to design modern, tropical homes that truly suit the needs of families today, and people have even started coming to us for help to build their own custom homes. Currently, we’re finishing construction on three new spec home projects. I’m excited to report that all of them are now under contract. We will close when the homes complete, which will probably be in the next six months.

PROFILE: As a developer what is your strategy or some of the key items you take into account when developing an ultra-luxury home on spec?

JC: I like to invest in areas with a high barrier to entry, like Miami’s many islands. The land is fleeting and people are always going to want to be on the water, so there’s a much better chance these homes will hold their value over time. I’ve made it a point to hone in on opportunities such as waterfront and extra secluded properties to really maximize my portfolio.

PROFILE: You recently broke ground on Clara Bay Harbor on Miami’s Bay Harbor Islands, can you discuss the process of developing a high-end rental community in a neighborhood that did not have one?

JC: We’re developing Clara Bay Harbor as the premier rental community for Bay Harbor. The project will have three buildings, totaling 150 expansive apartments. The first broke ground in the beginning of this year, and the two following buildings have been approved by the Town of Bay Harbor Islands. We expect to begin construction on them soon.

Getting development rights in Bay Harbor is a challenge because there is a limited number the town has left to give and a ton of interest to go around. The town sold us the last of their TDRs, and now our entire site plan is approved and ready to go vertical.

A luxury rental development project of Clara Bay Harbor’s caliber will help to redefine and reinvigorate the neighborhood, introducing an elevated precedent for luxury in Bay Harbor Islands. With the influx of in-migration to South Florida in the last few years, there is a need for full-service rental offerings in the area that can accommodate young families. Clara Bay Harbor will feature private amenity spaces, concierge services and the level of hospitality where all staff, from the doormen to the pool attendants, know your name, your children’s names and your dog’s name.

PROFILE: As the developer how does the process differ between housing built for sale and housing built to lease?

JC: I approach every project with the same mindset. I want each to be of the highest quality, with the finest materials, blurring the line between apartment and condominium. The rentals I’m developing will have a luxury lifestyle one would expect to see within a resort-style condominium tower. That’s something I think will set Clara Bay Harbor apart from other multifamily offerings throughout Miami.

PROFILE: What is your outlook on the real estate market in Miami amid a changing economic environment and rising interest rates?

JC: Over the past few years, we have seen a rollercoaster of a real estate market, but Miami has sustained tremendous demand that is on an entirely different level from the rest of the nation. Even as interest rates rise, Miami will always be a destination that attracts people. Thousands are relocating to South Florida and many more have plans to purchase real estate. What we’ve seen, though, is that many would-be buyers are turning into luxury renters to wait out high interest rates and other market conditions. These renters are the people who will be attracted to our apartments at Clara Bay Harbor. For this reason, I’m very bullish on the rental market across the Miami area. I find it’s a huge, untapped opportunity, as there are not many professionally managed buildings designed specifically for renters with a high-touch experience in mind.

PROFILE: What was the first gift you brought yourself following a career milestone?

JC: More real estate.

PROFILE: What is your favorite restaurant in Miami?

JC: My favorite restaurant in Miami is either The Surf Club or Makoto.

PROFILE: Describe your perfect Saturday night in Miami?

JC: A perfect Saturday in Miami would be spending quality time with my family, especially with everyone’s busy schedules. Whether going out to dinner by the water or hanging out with friends.

PROFILE: Where do we find you on your day off?

JC: As a real estate developer, I’m afraid I never really have a true “day off” but in my spare time I’m actively involved with the Institute of Contemporary Art and Perez Art Museum in Miami. I hold leadership positions at both museums, so I try to be as hands on as I can with any events, awards, or activations going on. I also try to be outdoors as much as possible whenever I can, so I love going over to the beach and playing tennis or golf on my off days.

Images via Clara Homes

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PROFILEmiami & Ella Miami Beach Present: The Revitalization of North Beach - An Exploration Into The Past, Present & Future

PROFILEmiami and Ella Miami Beach are pleased to present ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring one of Miami Beach’s North Beach which has a rich past and fast changing landscaping with new developments such as Ella Miami Beach are ushering in a new era of sophisticated living to the storied neighborhood.

DATE CHANGE: RESCHEDULED TO NOVEMBER 1

PROFILEmiami and Ella Miami Beach are pleased to present ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring Miami Beach’s North Beach, its rich past, and fast changing landscape with new developments such as Ella Miami Beach ushering in a new era of sophisticated living to the storied neighborhood. The evening will include an in-depth discussion on the revitalization of North Beach along with cocktails and networking at Ella Miami Beach’s Sales Gallery on Collins Ave.

The relaxed and open setting provides an opportunity for attendees to learn about the current and future state of North Beach and how new developments such as Ella are giving a nod to the neighborhood’s past. The sales gallery provides an intimate yet luxurious setting to enjoy cocktails, as well as juices and bites by Pura Vida, while networking with some of South Florida’s preeminent real estate leaders. The engaging panel will feature keynote speakers Eduardo Otaola of Constellation Group and developer of Ella Miami Beach; Raymond Fort of Arquitectonica; Daniel de la Vega of ONEsir; and Tracy Slavens of LSN Partners, LLC; moderated by Demetri Demascus of PROFILEmiami.

The stunning, state-of-the-art, showroom for Ella Miami Beach provides a sneak preview of the art deco inspiration, style and sophistication of the project being developed by Constellation Group, The Boschetti Group, and Vietmar. The 10-story boutique condominium will soon rise in the heart of Miami Beach at 6940 Abbott Avenue. Ella Miami Beach will feature 95 residences exclusively marketed by ONE Sotheby’s International Realty including studios to two-bedroom floor plans ranging from 434 to 1,076 square feet. Prices start in the upper $600,000s, an attractive entry price for a new-build product in Miami Beach, where new construction pricing typically starts at approximately $1 million. The new construction building is expected to break ground in the first quarter of 2024 and is slated for completion in 2026.

Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: November 1, 2023 | 6 PM - 8 PM

Where: Ella Miami Beach Sales Gallery, 6897 Collins Ave. Miami Beach

Panelists:

  • Raymond Fort, Arquitectonica

  • Eduardo Otaola, Constellation Group

  • Daniel de la Vega, ONE Sotheby’s International Realty

  • Tracy Slavens, LSN Partners, LLC.

  • Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

SPEAKERS

Moderator:

Hosts & Sponsors

Hosts:

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Expanding Horizons: AvenueWest Global Franchise Comes to Miami under Leadership of Local Realtor Michelle Real

As Miami’s thriving economy, access to quality talent, and strategic location continues to attract businesses and corporate headquarters, an opportunity became clear for AvenueWest: A new franchise in South Florida with an established a reputation as a leading provider of furnished corporate housing, real estate, and property management services.

As Miami’s thriving economy, access to quality talent, and strategic location continues to attract businesses and corporate headquarters, an opportunity became clear for AvenueWest: A new franchise in South Florida.

Having established a reputation as a leading provider of furnished corporate housing, real estate, and property management services, AvenueWest knew it had the expertise and resources to meet the escalating demand for extended rentals for corporate and international travelers in the greater Miami region.

“Our commitment to providing exceptional corporate housing solutions has allowed us to grow and expand our services to meet the needs of our clients, and we are excited to bring our services to Miami's growing market,” said AvenueWest Global Franchise’s CEO, Angela Healy.

The new franchise officially launched on August 17 and marks the company’s 17th location in the United States, further solidifying its position as the go-to provider of high-quality managed corporate housing accommodations. Over the last 25 years, AvenueWest has experienced a remarkable surge in demand, adding over 100 new properties in the last five months and is on track to double their revenue in 2023. While demand factored into AvenueWest’s decision to expand into Miami, it was important to find the right leader that could build on existing relationships in the region and uphold the company’s values.

Enter Miami local, Michelle Real. The new AvenueWest Miami owner’s introduction to the franchise happened while listening to a podcast featuring CEO Angela Healy. She was intrigued by their unique business model and had experienced first hand the complexities and challenges faced by property owners, particularly in short-term rental management, often due to regulations and tenant turnover. Michelle quickly discovered that her combined business experience and eight years in the Miami real estate industry made for an ideal partnership for the franchise.

“AvenueWest opens the door to a segment of the industry that only a few companies have access to and individual investors are missing. The corporate housing sector can be complex, but AvenueWest has made the process streamlined and efficient. The rental revenue program is the best proposition for owners to get a higher return on their investment as an alternative over options such as a short-term rental like Airbnb. Corporate housing can yield similar returns and better experiences for renters and owners alike,” said Real.

Michelle recognizes the evolution of options in the real estate industry, and is pleased to have found a company that prioritizes the success of both franchise owners and its clients.

“Becoming part of a well recognized industry brand like AvenueWest was not a difficult decision,” Real added. “The immeasurable value of professionalism, industry expertise, and knowledge exhibited by our colleagues here is truly invaluable. It is the people here that make the difference.”

“We are thrilled to welcome Michelle Real to our team. We are confident she will continue to give our clients the best service,” said Angela Healy.

With the Miami corporate housing sector rapidly growing, AvenueWest and Michelle are poised to meet the increasing demand. By focusing on both the success of franchise owners and the satisfaction of clients, they are thrilled to offer a premium option for corporate guests and visitors and make a significant impact in Miami's corporate housing market.

To learn more please visit, www.miami.avenuewest.com

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Disruptive Real Estate Brings Edgewater Vertical Development Site To Sale

Disruptive Real Estate, led by Miami power broker Stefano Santoro, has brought a world-class development site in the heart of Miami’s prime bayside in Edgewater, primed for an ultra-luxury hotel or condo project. The property, located at 702 NE 26th St. is currently asking $6.6 million. Totaling 10,000 SF, the site’s favorable zoning, T6-36a-L allows for a variety of development uses with high density and building height.

Disruptive Real Estate, led by Miami power broker Stefano Santoro, has brought a world-class development site in the heart of Miami’s prime bayside in Edgewater, primed for an ultra-luxury hotel or condo project. The property, located at 702 NE 26th St. is currently asking $6.6 million.

Totaling 10,000 SF, the site’s favorable zoning, T6-36a-L allows for a variety of development uses with high density and building height. The subject property offers developers the opportunity to transform Edgewater’s skyline with an ultra-luxury condo or hotel project capturing the soaring population and rebounding hospitality market that the city is experiencing. The property features an FAR of 3 with buildable +/- 221,532 SF and density of 150 units per acre allowing 34.5 total buildable units on the .229 acre lot.

702 NE 26th St. is centrally located in Miami-Dade County on South Florida’s East Coast, positioned directly on NE 26th Street, which is off Biscayne Boulevard, a major north-south arterial road. The site is just east of Interstate 95, which connects to all major roadways in South Florida allowing easy access to area amenities. Positioned approximately four miles from Downtown Miami, seven miles from Miami International Airport and three miles to Port of Miami, the property offers unmatched accessibility to surrounding sub-markets.

Follow this link to check out the listing website and you can schedule a showing or get more information by contacting Stefano Santoro at 732-241-1940 or Stefano@disruptive-miami.com.

Images via Disruptive Real Estate

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