Units come with covered parking and terraces, keyless entry and other smart home technology. South Florida developer Shoma Group has announced that they have closed on a $17.6 million construction loan for Ten30 South Beach. Masoud Shojaee and 3470 Northwest 82nd Avenue (Credit: Shoma Group, CBRE) This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 percent off its … The building is next to CityPlace Doral, which Shoma developed portions of with the Related Group. Michael Horowitz of Cooper Horowitz arranged the loan on behalf of Shoma. Shoma Group Closes On $17.6 Million Construction Loan For Ten30 South Beach, Shoma Group Officially Breaks Ground On TEN30 South Beach, Shoma Group’s Ten30 South Beach To Break Ground October 30, Shoma Group Breaks Ground On The Saladino Design Studios-Designed Ten30 Condo On Miami Beach, SHOMA Group Celebrates Unveiling of The Sales Gallery at Eleven On Lenox With South Beach Soiree, Talent Hub Agency Acquires Ground-Floor Retail Suite At Merrick Manor In Coral Gables, Avison Young’s Florida Capital Markets Group Oversees Sale Of Concept II Towers In Lake Worth, Vladislav Doronin and Len Blavatnik Receive Approval For Aman Hotel & Residences In Miami Beach's Faena District. SHOMA Group is one of South Florida’s most prolific real estate development firms. Masoud Shojaee, president of award-winning Miami real estate development company, Shoma Group, has just listed his Coral Gables estate for $15.9 million. The project replaces Shoma’s previous plans to build a luxury townhouse development on the site, Eleven on Lenox, where prices started at about $3 million per unit. Try again later. This category only includes cookies that ensures basic functionalities and security features of the website. Shoma Group has recently broken ground on Ten30 condo in Miami Beach with interior design by Saladino Design Studios. For full functionality of this site it is necessary to enable JavaScript. They sold the Doral building for $96M in September, Masoud Shojaee and 3470 Northwest 82nd Avenue (Credit: Shoma Group, CBRE). The deposit requirements are as low as 15 percent. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. A year later, the company sold the property for $27.5 million to New Boston Shoma Park Square, a partnership between Urbanika and New Boston. PROFILEmiami takes no ownership of any imagery unless otherwise noted. A spokeswoman for New Boston said the firm doesn’t comment on pending litigation. Try again later. According to Urbanika’s suit, New Boston deducted $99,476 for rent payments that were not made by Shoma Alliance Management Corp., a separate company also controlled by Shojaee that leased space in the building. You also have the option to opt-out of these cookies. It will have studios, one- and two-bedroom units. These cookies will be stored in your browser only with your consent. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. This category only includes cookies that ensures basic functionalities and security features of the website. Masoud Shojaee, Stephanie Mejia, & Jay Parker, Sales are officially underway at SHOMA Group's luxurious Eleven on Lenox in South Beach after the developer hosted a swanky South Beach-style Soiree to officially open the on-site sales gallery (November 2, 2017). Shojaee’s Urbanika Holdings II is accusing New Boston Park Square Limited Partnership and New Boston Shoma Park Square LLC of withholding nearly $100,000 over a wrongful claim of not paying rent, according to a Nov. 17 lawsuit filed in Miami-Dade Circuit Court. But opting out of some of these cookies may have an effect on your browsing experience. Southland Mall’s troubled $65M CMBS loan for sale, Lincoln Road landlord seeks $32M following court victory over Walgreens, Coral Rock lands construction loan on Hialeah project, Citing Covid-19 shutdown, Williams Sonoma and Pottery Barn want out of Lincoln Road, DeSantis says restaurants in Florida can operate at up to 100% capacity, Lawsuit accuses Michael Comras, Robert Cayre and Harry Adjmi of dodging $300K judgment, The Weekly Dish: Red South Beach signs $5M lease for new space & more, Miami-Dade police said pre-Covid evictions could resume. Ten30 is located at 1030 15th Street in Miami Beach. Necessary cookies are absolutely essential for the website to function properly. The financing closed on Wednesday, amid the coronavirus pandemic. Shoma Group, a Coral Gables-based developer of high-end real estate, and Gables Investment partnered in 2013 on a 10-story condominium-retail project with a … Frank Silva, in-house counsel for Shoma Group, Shojaee’s primary real estate development company, did not respond to emails and phone messages seeking comment. Read More Shoma, led by CEO Masoud Shojaee, secured a $17.6 million loan from Acres Capital Corp., a New York-based balance sheet lender. The loan was provided by New York-based ACRES Capital Corp. Marta Cruz, Construction Director of Shoma Group; Nestor Mejia, President of Construction and Development of Shoma Group; Carmen Casadella, Vice President of Sales of Fortune International Group; Edgardo Defortuna, President and CEO of Fortune International Group; Masoud Shojaee, CEO of Shoma Group; Stephanie Shojaee, Chief Marketing Officer of Shoma Group; Sean Saladino, Founder and Owner of Saladino Design Studios; Katherine Mejia, District Senior Manager of Rental Division of Shoma Group; David Muriel, Senior Project Manager of Saladino Design Studios.
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