Shoma Group Breaks Ground on Shoma Bay Luxury Waterfront Residences in North Bay Village

Miami-based developer Shoma Group has broken ground on Shoma Bay in the waterfront community of North Bay Village, Florida. With this groundbreaking, Shoma Group aims to fill a significant gap in the North Bay Village community, which has been virtually untouched from a development standpoint for approximately a decade.

Miami-based developer Shoma Group has broken ground on Shoma Bay in the waterfront community of North Bay Village, Florida. With this groundbreaking, Shoma Group aims to fill a significant gap in the North Bay Village community, which has been virtually untouched from a development standpoint for approximately a decade. Since its launch in September 2022, Shoma Bay has become the benchmark for future residential projects in North Bay Village. Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, recognized the island’s potential as a hidden gem early on, making Shoma Bay the first development to capitalize on North Bay Village’s evolution.

"We are thrilled to commence the construction of Shoma Bay, a project that exemplifies our commitment to delivering exceptional residential experiences," said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. "This groundbreaking marks the beginning of a new era in North Bay Village, where residents will have the opportunity to embrace a luxurious bay-front lifestyle in one of Miami's most sought-after communities."

Shoma Bay will offer 333 luxury residences, three of which have been combined into larger units. The project’s assortment of meticulously designed floor plans include furnished studios to three-bedroom units, ranging from 344 to 2,700 square feet, and 10 penthouses; Masoud and his wife Stephanie Shojaee, President of Shoma Group, will be residing in one of these penthouses. Pricing of available inventory starts at $750,000 with ISG World as the exclusive sales team for Shoma Bay.

Each residence will be thoughtfully crafted to optimize comfort and functionality, with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos. By blending classic art-deco elements with a contemporary aesthetic, the building's sophisticated design and thoughtfully crafted amenities will cater to individuals seeking a holistic approach to living, seamlessly integrating work, wellness, and leisure.

Separate from the offerings of the standard residences, Shoma Bay’s penthouses will showcase unique finishes. Penthouse kitchens will feature an exclusive Gaggenau Appliance Collection, including a French Door Panel-Ready Refrigerator and Freezer, a Panel-Ready dishwasher, a Wall Oven, and an Induction Cooktop. The bathrooms will feature an exclusive Armani Bathroom Collection, including a Frameless Rain Shower and a Designer Soaking Tub in select units.

The development will also include a resident lounge and bar, a spa with a hammam, a golf simulator, a two-story state-of-the-art fitness center, a pet spa, a kids club, a theater room, a wine cellar, a cigar lounge, and a Zen Garden with fire pits. The highlight of the development will be the expansive 6,030-square-foot pool deck, offering panoramic views of Biscayne Bay, complete with a pool, cabanas, and a summer kitchen. Residents will also benefit from designated parking, electric vehicle charging stations, a bike room, storage spaces, a grocery delivery room, and other conveniences. Additionally, the project will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space, which includes a rooftop lounge.

"We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village," said Stephanie Shojaee. "At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle. That's what they will experience firsthand at Shoma Bay. From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay, we have curated a collection of exceptional amenities that will elevate the living experience for our residents."

Situated at 1850 John F. Kennedy Causeway, Shoma Bay benefits from a prime location at the intersection of 79th Street Causeway and East Treasure Drive. Residents will enjoy convenient access to major highways and a plethora of world-class dining, retail, and entertainment options South Florida offers. The project’s anticipated completion date is the end of 2026.

For more information about Shoma Bay or to inquire about purchasing a unit please fill out the form below:

Read More

Shoma Group Unveils New Mixed Use Project Shoma 88

Shoma Group, a prominent Miami-based developer, has introduced Shoma 88, a mixed-use development poised to redefine the living experience in Kendall. This project signals a significant stride for Shoma Group, highlighting their dedication to providing housing options that blend affordability with luxury living experiences.

Shoma Group, a prominent Miami-based developer, has introduced Shoma 88, a mixed-use development poised to redefine the living experience in Kendall. This project signals a significant stride for Shoma Group, highlighting their dedication to providing housing options that blend affordability with luxury living experiences.

Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, expressed excitement for the project, stating, "Kendall holds a special place in our hearts. Shoma 88 represents an opportunity for us to showcase our growth and evolution while maintaining our commitment to quality and community. We're enthusiastic about reintroducing luxury living to Kendall, where our journey began."

Standing 28 stories tall, Shoma 88 boasts 405 rental units, each offering a generous 920 square feet of space. With inclusivity in mind, Shoma Group has designated at least 40 percent of the units for workforce housing, ensuring accessibility for Kendall's essential workforce.

Shoma 88 offers a holistic lifestyle experience by integrating residential living with essential services and amenities. The development encompasses dedicated office space, providing residents with convenient coworking options and fostering a dynamic live-work environment. Additionally, 105,000 square feet of medical office space and 8,000 square feet of retail space will cater to residents' needs for essential services and amenities.

Residents will have access to a wide range of state-of-the-art amenities, including a rooftop pool with barbecue areas, a fully equipped gym, a sauna, a business center, a dedicated kids’ playroom, and a clubhouse. Stephanie Shojaee, President of Shoma Group, underscored the project's inclusivity, stating, "Shoma 88 is more than just luxury living. We're creating a space that meets the diverse needs of the Kendall community, fostering a vibrant hub for residents, workers, and local businesses."

Groundbreaking for Shoma 88 is slated for the first quarter of 2025, with an estimated completion date within 30 months. Shoma MGMT, led by Stephanie Shojaee, will oversee leasing and management for the property, designed by the renowned PPK Architects.

Read More
Doral, Lifestyle, Commercial, News, News & Features, Restaurants Demetri Demascus Doral, Lifestyle, Commercial, News, News & Features, Restaurants Demetri Demascus

Shoma Bazaar Welcomes Four New Vendors To Iconic Culinary Destination In Doral

Shoma Bazaar is set to welcome the addition of four new vendors to the community hub for local happenings, where an unprecedented collection of local chefs set the standard for culinary excellence in Miami. New vendors include Shuck Boys Oyster Bar, SNDWCH, Sriracha House and Sushi Sake, amounting to 15 vendors which make Shoma Bazaar one of the premier food, beverage and event destinations in Doral.

Shoma Bazaar is set to welcome the addition of four new vendors to the community hub for local happenings, where an unprecedented collection of local chefs set the standard for culinary excellence in Miami. New vendors include Shuck Boys Oyster Bar, SNDWCH, Sriracha House and Sushi Sake, amounting to 15 vendors which make Shoma Bazaar one of the premier food, beverage and event destinations in Doral.

“We are elated to welcome four new vendors to Shoma Bazaar, each bringing something different to the space and expanding the destination’s diverse culinary options,” said Stephanie Shojaee, President of Shoma Group. “Shoma Bazaar is known for providing unique dining and entertainment experiences to the city of Doral through outstanding quality and service. We look forward to these vendors opening and welcoming guests to create memorable moments together at Shoma Bazaar.”

“Shoma Bazaar is committed to providing high-quality dishes, beverages and experiences to our customers and we know our new vendors plan to do the same,” said Masoud Shojaee, Founder and CEO of Shoma Group. “Shoma Bazaar is constantly evolving to ensure we are providing an incredible experience to our guests. With these four new vendors, we welcome families and friends to enjoy an array of new offerings paired with our incredible existing vendors.”

With a seafood-driven menu, Shuck Boys Oyster Bar offers tasty dishes featuring mouthwatering lobster rolls, flaky crab cakes and most notably, fresh oysters. From charbroiled to raw, the group makes sure to rotate their oysters weekly to provide a variety of the freshest options from the East to the West Coast. Shuck Boys Oyster Bar is opening Friday April 7th.

SNDWCH, which is now open, is home to signature sandwiches and salads that will satisfy every craving. SNDWCH offers bread coming all the way from the iconic Sullivan Street Bakery in New York City. Sullivan Street Bakery sources excellent ingredients, avoids additives and enhancers and shapes every piece of bread by hand. Best Sellers include the Prosciutto Crostini featuring whipped goat cheese, thinly sliced prosciutto, arugula and hot honey to top it off.

Sriracha House, inspired by the streets of Asia and set to open this Spring, cooks up Southeast Asian urban street food with a modern flair. They use the freshest ingredients to create flavorful and balanced cuisine in order to offer the ultimate Pan-Asian experience. Guests can create their very own mouthwatering masterpiece with the DIY noodle bowl or indulge in delicious house favorites such as the Miami Tsunami with poached shrimp and shiitake mushroom or the Sobe Sweet & Sour featuring sweet & sour pork, bell pepper mix, pineapple and Chinese Sweet & Sour sauce.

Iconic Miami sushi outpost Sushi Sake, created by brothers James and Argelio Jr. Aguayo in 2009, is also set to open this spring at Shoma Bazaar. The chic sushi bar offers something for everyone with traditional Japanese cuisine that features an expansive menu of hibachi, teriyaki, sushi and sashimi, as well as delicious homemade signature sauces and a variety of Sake selections.

Founded by award-winning real estate development firm Shoma Group, Shoma Bazaar is an iconic culinary and beverage destination in Doral, home to unique programming and an array of diverse culinary options such as American, Italian, Latin, and Asian cuisine.

Read More

Shoma Group Reveals Elevated, New Look Renderings Of Shoma Bay In North Bay Village

Miami-based developer Shoma Group has unveiled a fresh new look to Shoma Bay, a 24-story, 333-unit condominium located in the exclusive waterfront community of North Bay Village. The new tower design seamlessly melds a classic art-deco aesthetic with a modern facade while adding community-minded amenities such as a zen garden, grocery delivery room, wine cellar, cigar lounge, and other dynamic features.

Miami-based developer Shoma Group has unveiled a fresh new look to Shoma Bay, a 24-story, 333-unit condominium located in the exclusive waterfront community of North Bay Village. The new tower design seamlessly melds a classic art-deco aesthetic with a modern facade while adding community-minded amenities such as a zen garden, grocery delivery room, wine cellar, cigar lounge, and other dynamic features. With prices starting in the $450,000’s, Shoma Bay is built with a holistic approach to living and caters to those looking to integrate the live, work, wellness, and play lifestyle.

"Every detail and space has been maximized to bring owners a heightened level of comfort and practicality," said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. "We carefully curated this project to deliver a vibrant yet sophisticated experience in one of the world's most exciting cities."

The 2.8-acre mixed-use development will offer furnished studios to three-bedroom units, ranging from 344-square-foot to 2,700-square-foot, with each floor plan designed to maximize efficiency and comfort. The project will be anchored by a 35,037-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and Shoma Bazaar food hall.

"With stunning views, convivial spaces to work or play, and exciting happenings from day to night, Shoma Bay is poised to become a cultural epicenter for its residents and locals," stated Stephanie Shojaee, President of Shoma Group. "We wanted to create a unique yet thoughtful concept, fusing together the local landscape with the quality our company is known for. We teamed up with incredible partners to bring the overall design, and we're looking forward to becoming one of the most sought-after destinations in Miami."

Renowned designer Adriana Hoyos created practical interiors, including all common areas and residences, with sleek design finishes and warm organic tones, allowing each residence to be flooded with natural light.

Ideally situated at 79th Street Causeway and East Treasure Drive, the pedestrian-friendly destination is located near all major highways and the hottest restaurants and retail South Florida offers. ISG World, led by principal and owner Craig Studnicky, is the exclusive brokerage for the property's condos.

Intending to provide residents with an exceptional living experience, Shoma Bay also features several upscale amenities, including a resident lounge and bar, spa, Hammam, golf simulators, fitness center with Technogym equipment, pet spa, and kids club, as well as a 6,030-square-foot pool deck with panoramic water views overlooking Biscayne Bay with a pool, cabanas, and summer kitchen. Additional elements include a library, a 2,600-square-foot coworking business lounge, a lounge with a coffee bar and areas for gaming and movie watching, assigned gated parking, electric vehicle charging stations, a designated bike room, and storage spaces.

Shoma Bay is designed by MSA Architects and is located at 1850 John F. Kennedy Causeway in North Bay Village. It is slated to break ground in the summer of 2023 and is expected to take 18 months to complete.

Read More

Shoma Group Launches Condo Sales At Shoma Bay In North Bay Village

Miami-based developer Shoma Group has launched sales for Shoma Bay, a 21-story, 327-unit condominium on the corner of the 79th Street Causeway and East Treasure Drive in the waterfront community of North Bay Village. The 2.8-acre mixed-use development will be anchored by a 36,068-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and a Shoma Bazaar food hall.

Miami-based developer Shoma Group has launched sales for Shoma Bay, a 21-story, 327-unit condominium on the corner of the 79th Street Causeway and East Treasure Drive in the waterfront community of North Bay Village. The 2.8-acre mixed-use development will be anchored by a 36,068-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and a Shoma Bazaar food hall. ISG World, led by principal and owner Craig Studnicky, is the exclusive brokerage for the property’s condos. Prices start at $400,000.

“North Bay Village is an extremely desirable location in Miami thanks to its fantastic water views on all sides, rich history and proximity to the beaches, the Design District and Bal Harbour,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “There is incredible demand to live in South Florida and we are meeting this demand by creating brand new condos and a city-within-a-city community where residents will have top notch dining, shopping and entertainment at their doorstep.”

The condominiums at Shoma Bay will range from 360-square-foot furnished studios to 1,447-square-foot three-bedroom units. They will offer striking water views of Biscayne Bay, modern appliances with sleek finishes, and floor plans designed to maximize efficiency and comfort, as well as close proximity to nearby shopping, dining, and school options. Amenities at Shoma Bay include a resident lounge and bar, spa, fitness center with Technogym equipment, pet spa and kids club, as well as a 6,030-square-foot pool deck with panoramic water views overlooking Biscayne Bay with a pool, cabanas, and summer kitchen. There also will be a library, a 2,600-square-foot coworking business lounge, a sky lounge with a bar and areas for gaming and movie watching, assigned gated parking, electric vehicle charging stations, a designated bike room, and storage spaces. The Shoma Bazaar food hall will also be surrounded by bay views for a stunning dining setting.

“Miami is seeing an incredible demand for communities offering new, highly amenitized, and high-quality condos with views of the Biscayne Bay and Atlantic Ocean,” said Studnicky. “Shoma Group has a proven track record of identifying underappreciated and undervalued submarkets and meeting demand with brand new, thoughtfully designed communities that attract new life and investment. North Bay Village has long been one of Miami’s best kept secrets and we’re already seeing a surge of buyers who are extremely eager to be part of it.”

Shoma Bay was designed by MSA Architects with interiors by renowned designer Adriana Hoyos. Both designers worked with North Bay Village’s historic legacy and art-deco style in mind, paying homage to its popular restaurant and nightlife scenes in the 1950s and 60s. It will rise on the site of what once was Rat Pack crooner Dean Martin’s nightclub in the 1960s and 70s.

"North Bay Village has a rich history that's just one facet of what makes it so unique, and we are thrilled to have a hand in its next chapter,” said Stephanie Shojaee, President of Shoma Group. “We are excited for Shoma Bay to offer not only an exceptional place to live but also an essential amenity with fantastic dining and entertainment experiences for all residents of North Bay Village to enjoy."

Shoma Bay is located at 1850 John F. Kennedy Causeway, North Bay Village, FL 33141. It is slated to break ground early next year and take 18 months to complete.

Renderings via Shoma Bay

Read More

Shoma Group Delivers Mixed-Use Multifamily Shoma Village In Hialeah

Miami-based developer Shoma Group has completed its two-tower, 304-unit multifamily rental community in Hialeah, Shoma Village. They will begin welcoming residents to their brand new apartments on August 1. Leased by KW Property Management & Consulting and managed by Shoma MGMT, the development is 65% rented and expected to be fully leased by the end of summer.

Miami-based developer Shoma Group has completed its two-tower, 304-unit multifamily rental community in Hialeah, Shoma Village. They will begin welcoming residents to their brand new apartments on August 1. Leased by KW Property Management & Consulting and managed by Shoma MGMT, the development is 65% rented and expected to be fully leased by the end of summer. Amid South Florida's red-hot real estate market, Shoma Village is the latest example of a growing trend of new apartment buildings that have opened with over half of its units rented.

The project’s success is a testament to Shoma’s shrewdness as a developer who identifies and builds in promising areas often bringing a new type of product to the neighborhood. Shoma Village is leading a wave of new development and investment trickling into Hialeah, known as the City of Progress, aiming to spur economic growth and cater to a younger demographic of professionals who are Hialeah natives. The project was one of the first new Class A mixed-use housing and retail developments to break ground in the community in recent years. In addition to apartments, it will deliver an upscale Shoma Bazaar food hall, hair salon and store.

“Hialeah has always been a desirable location full of possibilities. That was true when we built Shoma Homes at Country Club of Miami here 20 years ago, and it’s still true today,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “The overwhelming response we've seen, with the first tower becoming fully leased before future tenants could even tour the finished product, shows the unprecedented demand for brand new, Class A housing in this area with a large list of amenities, a private parking garage, and a Shoma Bazaar with retail space on site. People are ready for a new standard of living in Hialeah.”

Shoma Village offers elevated, thoughtfully designed common and living spaces by architecture and design firm MSA Architects. Floorplans at Shoma Village range from studios measuring about 640 square feet to three-bedroom units totaling about 1,370 square feet. The units offer a bright and lively atmosphere, boasting chic barn doors, spacious walk-in and linen closets, and an inviting wood-style flooring throughout each apartment. They also include private balconies, energy efficient hurricane-impact windows, Honeywell PRO programmable thermostats, and Whirlpool front-load washers. Kitchens and bathrooms feature quartz and Marble-Lite countertops, designer vanities, a rain showerhead, and an oversized soaking bathtub. Tech-savvy security upgrades include fingerprint readers, keyless entry, and ButterflyMX video intercoms that allow residents to easily and securely let in visitors from their smartphones.

Residents have access to a wide array of amenities for their entertainment and leisure. These include a fully equipped fitness center with yoga, spinning, and an interactive mirror, a private conference room, and a two-story clubroom with extra large LED TVs, kitchens, and a pool table. Outdoor amenities include a large pool with a gazebo and courtyard, a playground, a grilling area, and a dog park. As with other Shoma developments, pet owners will have the additional benefit of an on-site Evolution Pet Spa.

The apartments will be anchored by a 22,000-square-foot Shoma Bazaar food hall and 12,000 square feet of on-site retail shops. In addition, a night concierge, covered and gated parking garage, and electric car station will provide extra safety and convenience for residents as they come and go from the property.

“We could not be happier with the amazing reception that Shoma Village has seen and we look forward to continuing that momentum as we lease the second tower,” said Stephanie Shojaee, President of Shoma Group. “We have put our heart and soul into carefully selecting every color, finish, and feature to make Shoma Village an exemplary and enjoyable live-work-play community for Hialeah. I am very excited to introduce it to the community and welcome people into their new, luxurious homes.”

Upon moving in, residents will receive housewarming gifts from Kris Jenner's home care line, Safely, including complimentary plant-based cleaning products, and from Shoma, including a glass water bottle, coffee mug, hand sanitizer, duffle bag, and Lemon Perfect flavored water.

Shoma Village is located at 445 Hialeah Dr., Hialeah, FL 33010.

Images via Shoma Group

Read More

Shoma Group Acquires 2.5 Acre Transit-Oriented Site in Coral Gables To Develop Shoma One Mixed-Use Multifamily

Miami-based developer Shoma Group has announced its latest acquisition, a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. It will be the site of Shoma One, a mixed-use project with a 391-unit apartment community and a Shoma Bazaar food hall. The development is expected to cost $220 million to build.

Miami-based developer Shoma Group has announced its latest acquisition, a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. It will be the site of Shoma One, a mixed-use project with a 391-unit apartment community and a Shoma Bazaar food hall. The development is expected to cost $220 million to build.

“Miami is more popular than ever and the robust demand for housing that we’ve seen over the last couple of years is here to stay,” said Masoud Shojaee, Shoma’s CEO and chairman of the board. “This location is ideally positioned between Coral Gables and Coconut Grove, with the bustling entertainment and dining scenes of Miracle Mile and CocoWalk just a short drive or bike ride away. We are very happy to bring this live-work-play mixed-use project with upscale apartments and fantastic amenities, including a Shoma Bazaar, to this thriving area.”

Designed by MSA Architects, Shoma One will comprise of two 18-story towers. It features thoughtfully designed amenities–a signature of Shoma's multifamily projects–including a bowling alley lounge, child daycare, 1,161-square-foot yoga and spinning studio, dog park, co-working café, rideshare lounge for awaiting Ubers and Lyfts, and a spa with steam room, sauna and massage rooms. Each tower will have a rooftop sky lounge on the 18th floor, where residents can take in expansive views of Coconut Grove extending all the way east to Biscayne Bay, as well as its own lobby and secure mail and package room.

Atop the eight-story gated parking garage it will have a 2,500-square-foot state-of-the-art fitness center, a club room, and a pool and pavilion with an outdoor grill, water features and lounge areas equipped with large projection screens for viewing parties.

A bicycle-friendly development, Shoma One will also have a designated bike room for storage with a repair station for conveniently performing light maintenance. The site appealed to Shoma because of its proximity to the Metrorail and the Underline. Shoma One’s courtyard will link to the linear park, giving residents direct access to its lush green landscaping and cycling and running paths.

The apartments will be stylish and modern, with upgraded finishes and tech-savvy details for seamless living, including biometric fingerprint door entries for keyless, secure access. They will range in size from 375-square-foot micro studios, which will be furnished with space-efficient convertible furniture, to 1,400-square-foot two-bedroom units. There will also be seven two-story live-work residences, which allow for separate office and bedroom spaces on each floor, ranging from 1,344 to 1,400 square feet.

Michael Fay of Avison Young was the agent representing the seller, Deel Volvo, in the transaction. Shoma One is scheduled to break ground in January 2023 and is expected to be completed in 18-24 months.

Read More

Mid-Century Modern Condominium Ten30 South Beach Sells Out Before Completion

Miami-based developer Shoma Group is excited to announce that its exclusive, upscale condominium, Ten30 South Beach, has completed sales. Fortune Development Sales, the exclusive residential brokerage for the project, worked closely with Shoma Marketing to sell all 33 units of the four-story Miami Beach development.

Miami-based developer Shoma Group is excited to announce that its exclusive, upscale condominium, Ten30 South Beach, has completed sales. Fortune Development Sales, the exclusive residential brokerage for the project, worked closely with Shoma Marketing to sell all 33 units of the four-story Miami Beach development. This sellout is a testament to the project's desirability and the current state of the real estate market. The development will open its doors to residents before the end of the year.

Shoma Group is led by Masoud Shojaee, president and chairman of the board, who has developed more than 10,000 residences and completed over $5 billion in real estate transactions. With 33 years of experience, Shojaee identified a void of moderately priced modern condominiums in the Miami Beach market and set out to develop Ten30 as a luxury retreat at an attainable price.

“The demand in the Miami market right now is incredible and we've seen tremendous buyer response to this project,” said Shojaee. “As a beautiful, boutique development in one of Miami's hottest neighborhoods, Ten30 South Beach offers residents an exclusive haven with top-notch amenities at a compelling price.”

Ten30 features a range of one- to three-bedroom residences and a collection of penthouses, ranging in size from 786 to 3,005 square feet priced from $566,000 to $1.9 million. Designed by Adriana Hoyos and Saladino Design Studio, the mid-century modern-style units feature Italian-designed chef-caliber kitchens, Samsung’s Family Hub refrigerator, and Bluetooth-enabled keyless entry and camera surveillance. Amenities include a 6,000-square-foot rooftop deck and rosé-colored pool, two fitness centers, a lounge, an outdoor kitchen area with a barbecue and yoga space.

In March, Shoma and Fortune International Group reported a record pace for Ten30 sales with 11 residences sold in just 15 days. Several buyers purchased multiple units with plans to combine them and update the floor plans to create larger units, which are in greater demand as many out-of-state buyers relocate to Miami.

“I am immensely proud of the Fortune Sales and Marketing teams for accomplishing sellout before completion,” said Edgardo Defortuna, president and CEO of Fortune International Group. “It was a great experience to work with Shoma and we look forward to collaborating on more projects in the future.”

By Katya Demina

Read More

Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million

The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. The 226-unit multifamily property is located at 9400 NW 41st St.

The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. The 226-unit multifamily property is located at 9400 NW 41st St. The sale price breaks down to roughly $453,539 per unit and the property was fully leased at the time of sale. The transaction was overseen by Still Hunter of Walker & Dunlop.

Shoma Group acquired the 7.2 acre site in 2014 for $8.5 million and completed Sanctuary at Doral in December 2020. The property was fully leased within 8 months of completion.

Sanctuary at Doral offers one, two, and three bedroom residences with floorplans which feature state-of-the-art finishes and cater to a variety of renters offering infinite indoor and outdoor resort-style amenities, along with a vibrant social scene and close proximity to trendy shops, diverse entertainment venues, and arts culture. Situated on 7.2 acres of land, Sanctuary at Doral boasts the largest outdoor space of any rental community in Doral and is primed for outdoor entertaining and relaxation offering lushly landscaped courtyards, and contemporary art and sculptures throughout the property. Amenities include a resort style pool, mini soccer field, bike path, yoga lawn, state-of-the-art fitness facility, pet spa and residents clubhouse.

Images via Shoma Group

Read More

PROFILE Exclusive Podcast Season 1 Episode 1 Featuring Masoud And Stephanie Shojaee of Shoma Group

Season 1 Episode 1 of the PROFILE Exclusive Podcast by PROFILEmiami featuring Masoud and Stephanie Shojaee of Shoma Group is now LIVE on Spotify and Buzzsprout. Shoma Group is a real estate development and investment company with over 30 years of history and over $5 billion in completed real estate transactions.

Season 1 Episode 1 of the PROFILE Exclusive Podcast by PROFILEmiami featuring Masoud and Stephanie Shojaee of Shoma Group is now LIVE on Spotify and Buzzsprout. Shoma Group is a real estate development and investment company with over 30 years of history and over $5 billion in completed real estate transactions. In the episode PROFILEmiami explores the history of Shoma Group and how the firm has grown into one of the largest development companies in South Florida. Shoma Group's projects include the recently delivered and now renting Sanctuary luxury apartment community in Doral and boutique, luxury condo building Ten30 South Beach, which is currently under construction. Shoma Group is based in Coral Gables, Miami at The Shoma Headquarters.

The PROFILE Exclusive Podcast by PROFILEmiami, the leader in South Florida residential and commercial real estate news and content, profiles and gets intimate with the movers and shakers in the South Florida real estate industry. Throughout the series we will interview and get inside the minds of South Florida's top developers, investors, brokers, architects, designers, etc. The PROFILE Exclusive Podcast is hosted by Demetri Demascus Co-Founder of PROFILEmiami and Director of Business Development at private equity group Galium Capital as well as Katya Demina, Co-Founder of PROFILEmimai and Development Associate at development firm Royal Palm Companies.

The PROFILE Exclusive Podcast now available on Spotify and Buzzsprout. Coming soon to Apple Podcasts, Amazon Music and Pandora.

Or Listen On:

Read More

Latest Posts