PROFILE Exclusive With Real Estate Developer Isaac Toledano of BH Group On Developing South Florida

PROFILEmiami had the exclusive opportunity to join Isaac Toledano, Founder of BH Group, to learn how he has built his development firm into a thriving enterprise in the highly competitive South Florida market. Isaac is currently developing The Residences on Six Fisher Island, which is set to have over a $1 billion sell out, in addition to other ultra luxury branded projects such as The Ritz-Carlton West Palm Beach, W Pompano Beach and Viceroy Residences Aventura. In all, his passion for real estate has led him to having completed 1,100+ residential units with over 10,000+ residential units in-progress.

PROFILEmiami caught up with Isaac to take an in-depth dive into his portfolio, his career and what are some of the keys that have led to his success.

PROFILEmiami [PM]: Give us your background? How did you get started in real estate? Tell us about your first deal?

Isaac Toledano [IT]: I started working when I was 15, and in 1999, I moved to Miami and began my real estate journey as a mortgage broker at a firm called The Mortgage House, which specialized in residential loans. That’s where I learned the fundamentals of the mortgage industry. By 2001, I transitioned into real estate investing.

My first deal was the purchase of a warehouse in Hallandale, followed by two apartment buildings in North Miami. Between 2001 and 2003, I was involved in multiple transactions, and by 2004, I shifted my focus to condo conversions—acquiring rental communities and converting over 1,000 units into condominiums.

In 2012, I partnered with Jorge Perez and The Related Group on our first joint venture: Hyde Beach Resort in Hollywood, a 407-unit oceanfront development that turned out to be a major success. Since then, we’ve collaborated on over 20 projects together, including Paraiso Bayviews (388 condos), Wynwood 26 (175 apartments and 30,000 square feet of retail), and many more.

In addition to Related, I’ve partnered with leading developers like Lennar, Kolter, American Landmark, and Pebb Enterprises. We have a strong belief in the Florida real estate market and remain fully committed to it. We don’t invest in other states or markets—our focus is exclusively on Florida.

PM: When did you found BH Group? What were some of BH Group's early projects?

IT: I founded BH Group in 2009. Prior to that, I made several early real estate investments through my previous real estate company. Those initial projects laid the groundwork for what would become BH Group’s broader focus on acquisitions, development, and strategic joint ventures across Florida.

PM: You work closely with your wife, tell us about that relationship?

IT: My wife, Liat, is not only my partner in life but also in business. We have eight children and one granddaughter—so we like to think of ourselves as a small family office. Some of our kids have even started working with us, which makes it even more special. Liat is deeply involved in the day-to-day operations, and her input is invaluable. Let’s just say, I never buy a piece of real estate without her blessing.

PM: What projects are you currently developing now?

IT: We currently have several projects under construction. One of them is The Residences at Six Fisher Island, a joint venture with Related Group and Teddy Sagi. Another is District 225, also in partnership with Related. We launched sales a few months ago for The Ritz-Carlton Residences in West Palm Beach and hope to begin construction by the end of the year—sales have been going very well.

We also recently launched the W Residences in Pompano Beach, which includes both residential units and a condo hotel, as well as the Viceroy Residences Aventura. Additionally, we’re working on Greenview at Presidential in collaboration with Lennar, among other upcoming developments.

In Boca Raton, we're preparing to start demolition and have just received entitlements for 500 residential units and 45,000 square feet of retail space. We're also have 400,000 square feet of office space, much of which is already pre-leased—including a recently signed lease with Equinox for approximately 37,000 square feet.

We’re fortunate to be working on many projects at once, all within Florida. We believe strongly in this market—it's one of the best in the world. We continue to see strong demand from buyers coming from all over, all looking to invest in Florida.

PM: The Residences at Six Fisher Island is a special development, tell us the story behind that project?

IT: We acquired the land for The Residences at Six Fisher Island in September 2022 for $122 million. The opportunity initially came together through a partnership with Teddy Sagi, and we later brought in Related Group to form a joint venture. After securing all necessary entitlements, we broke ground about seven months ago.

This is a truly special project—there are only 50 exclusive residences, and we’re already about 65% sold. The total expected sell-out is close to $1 billion. It’s an iconic location and one of the most prestigious developments in South Florida.

PM: You are also developing several branded residences with hospitality brands such as The Ritz-Carlton, Viceroy and W, tell us about those projects and relationships.

IT: Branded residences are being very well received in today’s market, especially here in Florida. Many buyers know exactly what they want—they’re looking for a strong brand, a prime location, and top-tier amenities, services, and lifestyle. And why not? If you're already investing several million dollars in a condo, it makes sense to get the added value that comes with a hospitality brand.

We’ve already signed several deals with Marriott. We partnered with them for the W Residences in Pompano Beach, the Ritz-Carlton Residences in West Palm Beach, and the Ritz-Carlton project in Hammock Dunes, Palm Coast. That one is a six-and-a-half-acre oceanfront site with 120 luxury condos.

We’re seeing increasing demand for branded residences for many reasons. People like the credibility and familiarity of a brand—it’s the same concept as the clothes you wear, the watch on your wrist, or the car you drive. So why not live in a building that reflects that same level of quality and prestige, with exceptional amenities, service, and lifestyle?

When you partner with the right brand, and they approve the location, they want to be involved from the beginning—helping select the architect and interior designer, and ensuring the development upholds the high standards their name represents. And that level of collaboration adds real value for everyone involved.

PM: In addition to developing luxury condominiums, you are developing a single housing family project with Lennar and own and manage over 2 million SF of commercial real estate, can you discuss the importance of being flexible between asset classes?

IT: So first of all, diversification is important. In our portfolio, you can find some commercial properties. We own a few shopping centers, office buildings, and we also own the Southland Mall in Miami, which we have very, very strong occupancy. So diversification is important.

In addition to our condo projects, we’re also developing rental properties. We’re excited to be partnering with Lennar on a project that includes 103 luxury single-family homes in the Aventura market. Construction is already underway, and we’ve sold over 20 homes so far. These homes are being developed as we speak. What makes this project particularly significant is that no single-family homes have been built in the Aventura area for the last 25 years. We purchased the former Presidential Estates golf course, which spans 104 acres in Aventura.

Our focus remains firmly on Florida, particularly the South Florida market, which we strongly believe in. We have the flexibility to pursue the right opportunities, whether it’s through us, our partners, investors, or equity partners. This approach allows us to do what we believe is best. Some of our partners are more comfortable with mixed-use projects, others with condos, and we’re happy to offer a variety of options to suit different preferences.

PM: In the past you have mentioned that you like to develop in places that you can drive to, can you discuss how the markets differ developing in Miami vs. Palm Beach or Naples?

IT: In Naples, with Kolter Group, we acquired an older condominium, terminated the condo association, completed the demolition, and received all the necessary entitlements. Now, we’re developing 12 ultra-luxury condos on 220 feet of beachfront property in Naples.

Clearly, the markets are different. The buyer who purchases an ultra-luxury condo in Naples is not the same as the one who buys a condo in Aventura. Today’s buyers are very discerning. They want to ensure they’re investing in the best location, that they’re working with a quality developer, and they won’t settle—for either the location or the quality of the building.

In West Palm Beach, we have the opportunity to work with a diverse range of buyers, including Americans and Canadians. Because we’re involved in a variety of projects, we have access to many of these buyers. Each market is unique, though. The process of getting permits and approvals in Miami is different from the process in Naples.

PM: What does BH Group do that sets you apart from other developers?

IT: What sets BH Group apart is that we’re truly local. We live here, we work here, and we only invest in Florida. That deep understanding of the market allows us to identify opportunities quickly, analyze them efficiently, and move with speed and confidence.

Unlike developers who spread themselves across multiple regions, our focus is laser-sharp. We know the nuances of each neighborhood, and we have the relationships and experience to act decisively. That local edge makes all the difference.

PM: What gets you excited to work as a real estate developer?

IT: What excites me most is seeing a project come to life—knowing that just a few years earlier, it was nothing more than an idea. Taking that vision from concept to completion is incredibly rewarding.

People often ask me what I’m chasing these days—is it money, is it success? At this point in my career, it’s really about the success of the project itself. That feeling of building something meaningful, something that adds value to a community—that’s what keeps me motivated every day.

PM: What are some of the most important lessons you learned throughout your career?

IT: One of the most important lessons I’ve learned is the value of focus and discipline. You need to stay committed and work hard—there are no shortcuts in this business. I also believe that integrity matters. If you’re honest, treat people well, and do the right thing, good things will follow. Those values have guided me throughout my career.

PM: You mentioned some of your kids are working with you now, so what is next for you and BH Group?

IT: I don’t see myself ever retiring. As long as God gives me the strength and health, I want to keep doing what I love. Real estate isn’t just a career for me—it’s a passion. And now that some of my kids are working alongside me, it’s even more meaningful. The goal is to keep building, keep growing, and hopefully pass on something lasting to the next generation.

Renderings via BH Group

Related Group and BH Group Launch Viceroy Residences Aventura

Miami-based real estate development groups Related Group (Related) and BH Group, in partnership with luxury hospitality brand Viceroy, have revealed details for Viceroy Residences Aventura. Offering 274 homes, the property debuts as one of Aventura’s first branded residences, and represents Related’s second collaboration with the celebrated Viceroy brand. Sales are represented exclusively by Cervera Real Estate and are set to launch later this month.

“For nearly 45 years, Related has created properties that elevate communities and redefine industries. Viceroy Residences Aventura perfectly reflects that mission,” said Nick Pérez, President of Related Group’s Condominium Division. “We are thrilled to deepen our partnership with Viceroy, especially after our Brickell tower received such an incredible reception. At the same time, we’re proud to contribute to Aventura, a city experiencing tremendous growth yet facing a critical need for new construction. This will be a game-changer for Aventura and the branded residence category.”

The property’s expansive 36,000 square feet of meticulously crafted amenities bring this vision to life. Among the highlights is a lush pool deck featuring resort-style indulgences, including a 90-foot pool, spa, poolside cabanas, and a barbecue area complete with a chic, poolside bar. For those seeking a seamless blend of work and leisure, the building also features a premiere coworking space, ideal for remote professionals and entrepreneurs. Residents can also enjoy the exclusive Hemingway Rooftop Bar & Terrace, a stylish, The Hemingway-inspired social lounge offering light bites and specialty cocktails, amidst breathtaking views of the city and Intercoastal Waterway, from sunrise to sunset.

For those looking for a relaxing oasis, the professional-grade spa includes a sauna room, as well as hot-and-cold plunge pools. Fitness enthusiasts will appreciate a rock climbing wall, pickleball courts, an indoor basketball half court, a golf simulator, a state-of-the-art gym outfitted with the latest cardio and strength-training equipment, and dedicated spaces for Pilates and yoga. Additional offerings include a golf simulator lounge, a children’s playroom and teen gaming lounge, and a pet spa.

The amenities are complemented by a suite of personalized resident services managed by the renowned Viceroy hospitality team. Adding to the property’s allure is a curated selection of museum-quality art sourced from the world-renowned Jorge M. Pérez Contemporary Art Collection.

With architecture by the award-winning Arquitectonica and interiors by the renowned DesignAgency, Viceroy Residences Aventura’s 274 homes embody a careful balance of approachability and effortless sophistication, featuring clean, open-concept layouts designed to maximize both functionality and elegance. The homes, ranging from one to four bedrooms and spanning 858 to 2,014 square feet, prioritize thoughtful layouts, views and natural light. High ceilings, floor-to-ceiling windows, and expansive outdoor terraces make each home feel airy and connected to the outdoors.

Kitchens are outfitted with top-of-the-line Miele appliances, luxury fixtures, and imported cabinetry, offering both style and superior performance. Spa-inspired bathrooms elevate daily routines with wall-to-wall travertine porcelain, freestanding soaking tubs, and indulgent walk-in showers, ensuring every detail reflects an uncompromising standard of luxury.

“Joining forces with Related and BH Group for the sales of Viceroy Residences Aventura is an exciting opportunity to build on our proven history together, which includes the successful sales of over 31 buildings. We’re confident the project will resonate with buyers and lead to notable sales success as it meets a growing demand for exceptional living spaces in Aventura,” said Alicia Cervera Lamadrid, Managing Partner, Cervera Real Estate.

Located minutes from the pristine Sunny Isles Beach and just steps away from Aventura Mall, the world-famous Turnberry Isle Country Club, and the Aventura Brightline Station, Viceroy Residences Aventura is perfect for families seeking an enriching and balanced lifestyle. The neighborhood boasts an array of family-friendly parks, including Founders Park and Waterways Park, offering expansive green spaces, playgrounds, and recreational facilities for children of all ages. Top-rated schools and private institutions provide access to quality education just a short drive away. Families will also appreciate the vibrant community events, cultural experiences, and kid-friendly dining and entertaining options that make Aventura one of South Florida’s most dynamic and upscale communities. Viceroy Residences Aventura truly delivers an unparalleled coastal lifestyle tailored for every member of the family.

“Aventura has witnessed remarkable growth in recent years; however, its true potential is still unfolding,” said Isaac Toledano, founder of BH Group. “No other area in South Florida offers this unique combination of luxury living, world-class golf, premier shopping, and exceptional dining. It’s truly one of the region’s most vibrant and promising destinations.”

The newly announced property also represents a major milestone for Viceroy, advancing the brand’s newly evolved positioning, which was first unveiled in November 2024. The Viceroy brand is centered around experiential storytelling while honoring the hospitality company’s commitment to design, personalized service and curated amenities.

Viceroy Residences Aventura reflects this ethos through bespoke experiences and multi-sensory moments, capturing the essence of South Florida’s vibrant culture, natural beauty, and sense of adventure.

"Viceroy Residences Aventura will redefine experiential living by offering a lifestyle deeply rooted in the culture of Aventura. This project brings Viceroy’s new brand story to life through transformative spaces and thoughtful design, where residents can enjoy the intuitive service for which Viceroy is known. Viceroy Residences Aventura will curate opportunities for residents to explore all that Aventura has to offer, with experiences centered on water sports, wellness, and dining. We are proud to continue our partnership with Related Group and its long-standing partner BH Group, whose market expertise ensures that this development will not only enrich the local community but also deliver timeless value for its residents," said Mark Keiser, President of Development at Viceroy.

First launched in 2000, Viceroy remains one of the most respected names in luxury hospitality. With locations across three continents, Viceroy is committed to inspiring global travelers via one-of-a-kind, authentic experiences that meld provocative design and intuitive service.

For more information about Viceroy Residences Aventura or to inquire about purchasing a unit please fill out the form below: