Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Lamas. Shoma Group is betting on Miamis multifamily market. Once lease-up is complete, Shoma also benefits from the position and strength of the larger Walker & Dunlop platform, which can provide permanent financing through our agency, CMBS, and life company relationships.". from 8 AM - 9 PM ET. The company completed its four-story, 33-unit Ten30 South Beach condominium at 1030 15th Street near Lincoln Road in Miami Beach in March. Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. Site Map, Advertise| About a mile from Lamas properties, Ubica and Maven Real Estate are planning an apartment building on a half-acre site anchored at 152 Almeria Avenue. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. While the jury determined that the CMC Group affiliate was liable for $10 million in damages, Colombo was not personally on the hook for the monetary judgment, even though jurors concluded he had breached the joint ventures agreement, according to the jury verdict. WDCPF deftly navigates the capital markets to provide a full spectrum of funding solutions, including low leverage, high leverage, cash flow, no-cash flow, ground leases, environmental contamination, structural deficiencies, liquidity challenged sponsorship, and short-term closings. Masoud Shojaee is a famed Iranian American businessman and served as the CEO of the Shoma Group. P.C. Monthly rents so far have averaged from $2,210 to $3,660 for one-year leases, although they have been slightly higher for seven-month leases, reaching $2,410 to $3,860 per month. Real estate agent based in Miami, Masoud Shojaee, has wowed women after gifting his wife Steph a private jet In a video that has gone viral, the billionaire opens the door for blindfolded Steph, walks onto a red mat which is written her name, before removing the scarf covering her eyes 920 Sevilla Developers, a foreign company registered in Delaware, sold the properties. Coral Gables-based Shoma, led by Masoud Shojaee, completed the six-story building in November and fully leased it in the following eight months, according to the release. The two apartment buildings will also have sky lounges on the upper floors, a cafe, co-working spaces, a movie theater and bowling alley. Walker & Dunlop's 950+ professionals in 41 offices across the nation have an unyielding commitment to client satisfaction. Then in 1992, he bid $6 million in a government auction of 700 lots. Construction is expected to start in January of next year and will take up to two years. Coral Gables-based Shoma, led by Masoud Shojaee, completed the six-story building in November and fully leased it in the following eight months, according to the release. Francisco Alvarado; Save article. Over the past 31 years, Shoma has developed more than. Shoma Group sold its recently completed and fully leased Sanctuary apartment building in Doral for $102.5 million, marking continued investment appetite for South Florida multifamily projects amid a hot market. "This transaction highlights WDCPF's ability to deliver competitively priced capital in the midst of the development's final phase of lease-up," Mr. Smith commented. For six years, this lawsuit in. Shomas current pipeline includes Ten30, a condo development at 1030 15th Street in Miami Beach, near Lincoln Road. Law Offices of Gary Martin Hays & Associates Masoud Shojaee net worth is around $5-6 million. Candidates must have general We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Shojaee. More details about Masoud Shojaee will be shared soon. Over the past 31 years, Shoma has developed more than 10,000 homes and condominiums and more than one million square feet of retail and office space with $5 billion in completed real estate transactions. nuances depending on the economy of their own countries of origin for instance." says CEO and chairman of the board Masoud Shojaee. Founding Shoma. Coral Gables-based Shoma has been very active in South Florida. Masoud Shojaee is Santa Fe's managing director. "Once I stayed here in Miami, it felt like home; now my kids have Master's Degrees from UM as well" said Shojaee. The switch from rentals to condos comes as rent growth is finally slowing in South Florida. Sunbeam Television Corp., led by the Ansin family, has been a major player in North Bay Village. Pino and Hessam worked alongsideGeoff Smithand Kimberly Schmitzof Walker & Dunlop Commercial Property Funding, the company's specialty finance first mortgage and mezzanine lending platform. Originally founded in 1988 by company CEO Masoud, Shoma Group has blossomed over its 34 years of operation into developing more than 65 development projects, one million square feet of office and retail space, and handled more than $5 billion in real estate transactions. Read Also:Rick Beato Net Worth: Wife, Family, Income, Earnings her age, height, Instagram, photos; Copyright 2023 ALM Global, LLC. Developer Masoud Shojaee is planning to build a two-tower, 359-unit rental development on Bird Road near Coral Gables. Bringing a solutions-oriented approach to every deal, the team specializes in addressing the most complex commercial real estate transactions. Construction is expected to begin next year and the building could be completed in late 2024. Specializing in residential and commercial projects, Shojaee has built over 65 developments spanning more than 10,000 residential units and over 1 million square feet of. https://www.law.com/dailybusinessreview/2020/07/23/coral-gables-developer-gets-another-shot-in-case-against-real-estate-tycoon-ugo-colombo/. Venetian Flats, an entity managed by Lamas, bought the Venetian Apartments at 915 and 920 Palermo Avenue, located near the Venetian Pool and the Biltmore Hotel. See the architects, and interior designers we work with. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Join 2,659 other subscribers Subscribe The $10 million jury verdict disbursement was likely to come from the escrow. By . Amenities will include a lounge, bar, spa, gym, pool deck, library and kids club. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. This is the second deal we have completed together this year and is a true endorsement of the strength and market appeal of our offering," commented Masoud Shojaee, President and Chairman of the board of Shoma Group. Six units will be set aside as live/work apartments, Masoud Shojaee and 3650 Bird Road (Credit: Google Maps). To view this content, please continue to their sites. Michael Fay of Avison Young represented the seller. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Mitsubishi UFJ to sell SF office building at expected 80% discount. She has completely transformed the way Shoma markets its projects, helping the 33-year-old real estate powerhouse maintain its prominence in a social media age through her keen understanding of. Thursday, February 2 2023. . Sanctuary Doral, located in one of Miami's most desirable submarkets, offers a mix of one-, two-, and three-bedroom apartments within two, six-story mid-rise buildings. In her new position, she will lead the charge to expand the company beyond its South Florida presence into new domestic and international markets, including California, Texas, Mexico and Colombia, while continuing her integral role overseeing the firms multifamily and commercial developments, sales and management division, and marketing efforts. The Collection, also led by CEO Ken Gorin, is expanding to another Gables location, specifically for Jaguars and Land Rovers. A Miami-Dade judge overturned developer Masoud Shojaees $10 million court victory against an affiliate of his former joint venture partner Ugo Colombo. The Shojaees sued Silva for defamation last week in Miami-Dade Circuit Court. Masoud Shojaee His Current Net Worth is Valued at $61 Billion. The Coral Gables project, a joint venture between Shoma and CMC Group, never broke ground. However, Lamas plans to redevelop the site into luxury townhomes or flats in five to 10 years depending on the market, the spokesperson said. The following year Shoma sued Colombo, The Collection and CMC Group affiliate Gables Investment Holdings. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Mitsubishi UFJ to sell SF office building at expected 80% discount, Car dealer sets Palm Beach resi record with $170M purchase. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Shoma Group is pivoting its plans from apartments to condos at a North Bay Village site it acquired earlier this year. Its expected to cost up to $95 million to build, Saumell said. The projects courtyard and plaza spaces will link to the Underline. Shojaee purchased 237 lots on Northwest 6th Street and 132nd Avenue for nearly $9 million, and developed homes on the property. Shomas suit alleged that Colombos companies attempted to exploit the joint venture by pushing to buy the underground garage and some of the retail space for a lowball price. The developer plans the $220 million Shoma One project with 391 apartments in a pair of 18-story towers, along with a Shoma Bazaar food hall, according to the companys news release. Colombos The Collection luxury dealership, which is headquartered across the street from the development site, had grown and needed the extra garage space, according to Shoma Coral Gables suit. Shoma's Stephanie Shojaee and Masoud Shojaee (Shoma Group, United States Court of Appeals for the Eleventh Circuit, Getty) Feb 21, 2023, 5:45 PM. All Right Reserved. 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Stephanie understands Shoma Groups mission and identity better than anyone, and brings to it her own creativity and innovative thinking, which has been critical to Shomas success in recent years, said founder Masoud Shojaee, who will continue in his role as Shomas CEO and Chairman of the Board. A Miami-Dade County Circuit Court judge overturned a $10 million jury verdict that Shoma Group CEO Masoud Shojaee's company won against a company led by condo developer Ugo Colombo of CMC Group . The net proceeds of the sale, $16 million, is being held in escrow, according to court filings. Shoma is under contract to buy the property at 3650 Bird Road, which is. The Third District Court of Appeal reversed the trial courts decision in favor of Colombo and his Gables Investment Holdings LLC on claims by Shojaees Shoma Group. Shoma Group won its appeal on a breach-of-contract claim against Colombo over a failed 10-story condo-retail project. Decision quashes October jury verdict over failed Coral Gables condo project, From left: Masoud Shojaee of Shoma Group and Ugo Colombo of CMC Group (Shoma Group, CMC Group, iStock/Illustration by Steven Dilakian for The Real Deal). Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine's Fastest Growing Companies in 2014, 2017, and 2018. For more information visit www.shomagroup.com. The pet-friendly community also has a pet spa. Who is Masoud Shoajee? The group is a real estate development company which is based. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Connecticut private island sells for $3.5M, Brookfields Gas Company Tower goes into receivership. The MSA Architects-designed Shoma One will have a rooftop lounge at each tower, as well as a shared eight-story garage with a 2,500-square-foot gym, pool, club room, outdoor grill and projection screens on the rooftop, according to the release. Shoma Group, one of the largest developers in Miami-Dade County, has promoted Stephanie Shojaee to president. Stephanie Shojaee (born 7 November 1984 Miami, Florida, USA) is an American entrepreneur and the President of Shoma Group which is an award winning real estate development company specializing in residential and commercial projects. Shoma had. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . Masoud builds high quality developments in the diverse and growing South Florida. Units will range from 580-square-foot studios to two-bedroom, 1,400-square-foot apartments. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Connecticut private island sells for $3.5M, Stephanie Shojaee promoted to Shoma Group president, Shoma completes Ten30 South Beach condo project near Lincoln Road, Verdict upended: Judge throws out Masoud Shojaees $10M court win against Ugo Colombo affiliate, changed a new downtown Miami rental tower. "The key is understanding the different market sectors . When typing in this field, a list of search results will appear and be automatically updated as you type. In 2019, Coral Gables Luxury Holdings sold the property to Baptist Health for $37 million. BenefitsPro Broker Expo will help attendees prepare for new issues, embrace new challenges and find new solutions. BETHESDA,Md., Dec. 23, 2020 /PRNewswire/ -- Walker & Dunlop, Inc.announced today that it structured $84,000,000 in financing for Sanctuary Doral, a newly constructed, 226-unit, Class A, mid-rise apartment building in Doral, Florida with nearly 27,000 square feet of ground floor retail space. Shoma is under contract to buy the property at 3650 Bird Road, which is home to Deel Volvo, he said. She earned a bachelors degree in marketing from Florida State University. Biography Of Stephanie Shojaee - Age , Net Worth and Children , She is the wife of Masoud Shojaee , His husband is the president and chairman of the board of Shoma Group. Masoud Shojaei 33 languages Read Edit View history Tools Masoud Soleimani Shojaei ( Persian: ; born 9 June 1984) is an Iranian professional footballer who plays for Havadar. Masoud Shojaee Age: 62 Birthplace: Tehran, Iran Residence: Miami Current position: Chairman and CEO, Shoma Group Education: B.S.E.E. Just an all-around great location.. Law Offices of Frank L. Branson seeks associate with ten plus years plaintiffs' complex, multi-defendant, personal injury trial and appellat Shipman is seeking an attorney with 8+ years of experience, to join our corporate and transactional practice. Colombo has been content to follow the agreed-upon procedures for distributing certain cash proceeds of the company, and Shomas attempt to race ahead to that cash through litigation was rejected in its entirety, Burstyn said. 2018 - Hagedorn Publishing. Consulting Magazine recognizes women leaders in technology across three categories Leadership, Client Service and Innovation. That means prices start at about $1,200 per square foot. The smallest units will be 375-square-foot studios, complete with space-efficient furniture. A year later, the 14-unit building at 920 Palermo Avenue was finished. Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. But, as CEO of Shoma Group, a company with annual revenue approaching $250 million, his earnings are quite significant. Six of the apartments will be live/work units along 37th Avenue and Bird Road. All Rights Reserved. Along with partners the Related Group and PGIM Real Estate Investors, Shoma also sold a CityPlace Doral apartment complex for $100 million last year, three years after the trio developed the community. A number of developers are building along the Metrorail, which runs from Brickell to Dadeland. Since joining the firm in 2013, Shojaees eye for creating luxury housing and upscale retail offerings has shaped Shomas projects and further solidified its reputation as one of South Floridas most respected developers. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Mitsubishi UFJ to sell SF office building at expected 80% discount, Car dealer sets Palm Beach resi record with $170M purchase. The roof of the garage will have a pool, fitness center and other amenities. 32-unit buildings could be redeveloped into luxury townhomes or apartments, 915 and 920 Palermo Avenue in Coral Gables. Miami-based developer Shoma Group is excited to announce Stephanie Shojaee has been named as the companys president. Ethan Royal of Royal Byckovas, who is designing the interiors, said hell be activating spaces and facades with murals and paintings, as well as Persian art, ceramics and textiles. The project is going through the city of Miami approval process and could be approved within the next month and a half. About Us| Subscribe to Get Latest Updates Enter your email address to subscribe to this blog and receive notifications of new posts by email. CEO Shojaee founded Shoma in 1988 and leads it with his wife, Stephanie Shojaee, who was promoted to company president in March. Colombos recent projects include the 527-unit Brickell Flatiron tower in Miami. The developer is seeking a 10 percent waiver in parking with a total of about 500 spaces. Both options are priced the same. Masoud Shojaee (born 3 August 1959 Tehran, Iran) is an American philanthropist, entrepreneur, CEO and Chairman of the Board of Shoma Group which is a real estate development company based in Miami specializing in residential and commercial projects. Lamas spokesperson said she was attracted to the Palermo Avenue site because it is across from the Venetian Pool and surrounded by million-dollar homes. In 2013, through their equally owned Coral Gables Luxury Holdings, Shojaee and Colombo paid $27 million for the 2.8-acre site at 4101 Salzedo Street and 4112 Aurora Street. "We're very pleased to obtain financing for Sanctuary Doral with Walker & Dunlop. The couple split after 29 years of marriage in 2015 and their divorced was finalized three years later. The complex, which is being renamed Venetian Flats, has two buildings. At no time has Mr. Colombo ever been held liable to Shoma.. Developer Masoud Shojaee will get another go at his breach-of-contract claims against Miami real estate powerhouse Ugo Colombo in their dispute over a failed Coral Gables joint venture. "We believe in Shoma Group's track record and vision for the area. To learn more about Shoma Group and its portfolio, visit www.shomagroup.com. Candidates should Lawyers of Distinction like to congratulate to the newest 2022 Lawyers of Distinction. South Florida real estate reporter Developer Masoud Shojaee will get another go at his breach-of-contract claims against Miami real estate powerhouse Ugo Colombo in their dispute over a failed. Masoud Shojaee's Shoma Group paid $34 million for a Miami auto dealership, with plans to redevelop it into a pair of apartment towers. The joint venture suffered the harm [and] not Shoma, the suing member, Thomas wrote. Amenities include a pool, gym with steam room and sauna and a two-story clubhouse, as well as a bike path, small soccer field and yoga lawn. 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 original $15.9. Colombos exotic car dealership The Collection was also a defendant in the lawsuit, but the jury did not issue a verdict against the company. Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Unlimited access to Daily Business Review, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. North Bay Village approved the project in March, with a 36,000-square-foot Publix, a a 6,300-square-foot rooftop lounge and Shoma Bazaar food hall. Toledo said assemblages like the nearly 1-acre Venetian Apartments are rare finds near the Biltmore area in Coral Gables. Today it is one of South Florida's preeminent residential builders. Rents are increasing at unprecedented rates, with the region reporting a roughly 8 percent increase over the past year, while some submarkets are seeing rent hikes of as much as 24 percent. At Shoma, she has worked to diversify the firms workforce and increased its number of women employees tenfold. The partnership began to unravel in 2015 when Shoma Coral Gables said it was pulling out of the project. In other multifamily ventures, Shoma paid $15.8 million for the properties at 1850 and 1872 79th Street Causeway in North Bay Village, with plans to build a 19-story project with rentals and retail. Join Daily Business Review now! For questions call 1-877-256-2472 or contact us at [emailprotected], Jill Beck Runs for Pennsylvania Superior Court, Judge Matthew Wolf Runs for Commonwealth Court, Longtime Paul Hastings CFO Departs Following Wave of Exits, Judge Rejects Motion by Trump Lawyers for Mistrial in Civil Rape Case, Bryan Neft Runs for the Commonwealth Court. Not a Bloomberg Law Subscriber?Subscribe Now. The luxury rental community is situated on eight acres and features ample outdoor space, resort-style amenities, and the unique Shoma Bazaar food hall. Masoud Shojaee is part owner of Shoma Group. Contact Us| Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. As I join Masoud at the helm, Shoma has the advantage of the experience and foundational practices that my husband founded the company on 33 years ago, as well as the exploration of new ideas and fresh perspective that I bring to the table, which will keep us on the cutting edge as a market maker for years to come.. Still Hunter of Walker & Dunlop represented the seller. A company led by Shoma Group CEO Masoud Shojaee won a $10 million jury verdict on Oct. 29 against a company owned by condo developer Ugo Colombo of CMC Group. Developer Masoud Shojaee is planning to build a two-tower, 359-unit rental development on Bird Road near Coral Gables. First arriving in Miami Florida august of 1978, Mr. Shojaee had a group of friends that urged him to try The University of Miami rather than going to UCLA as he had originally planned. Other project amenities will include a bowling alley lounge, day care, a yoga and spinning studio spanning 1,161 square feet, a dog park, co-working caf, spa with a steam room, bicycle storage and repair area, and a lounge to wait for Ubers and Lyfts. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Miami luxury real estate agent pleads guilty in PPP fraud case. "Each team worked together to make this happen. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Walker & Dunlop to Amend and Upsize Senior Secured Term Loan, Walker & Dunlop Structures $385 Million Financing for Williamsburg Waterfront Housing with Unparalleled Views. As one of few women developers, Stephanie is passionate about improving the gender imbalance in the real estate world, which has largely remained men-dominated despite progress in other fields. . The couple married in 2019, a year after Masoud finalized his divorce from Shoma Group co-founder and his former . Customer Service| Stephanie is currently spearheading the firms new development strategy of food hall-anchored multifamily projects and recently opened their first Shoma Bazaar location in Doral. Marcus & Millichap broker Landy Toledo represented the buyer and the seller. Masoud Shojaees Shoma Group paid $34 million for a Miami auto dealership, with plans to redevelop it into a pair of apartment towers. Shoma has 10 current projects including Shoma Village, Shoma Retail, Shoma One, Sanctuary Doral, Shoma Bazaar, Shoma Bay, Ten30 South Beach and three other projects in progress. In December, the duo sold the last developable Park Square parcel for $16 million to Lincoln Property Company National, which plans an apartment project. The Feil Organization Unveils Capital Improvement Plans at 7 Penn Plaza; GFP Real Estate Inks Seven Leases at 594 Broadway in SoHo Totaling 12,193 SF, Preleasing begins at Ashlar Park in Quincy,First Residents to be Welcomed in August, Royal Palm Companies and ILPDeveloper Celebrate Topping Offof Elevate Apartments, New 34-Million Dollar Luxury Rental Community Planned for Lebanon, TN, Ariel Property Advisors arranges sale of multifamily building in Brooklyn, Electric charging company opens supercharging station, relocates NYC headquarters, Kamber Management Company announces increased leasing momentum at Tower 45 in Midtown. Together, Walker & Dunlop's team provided interest-only bridge financing with a three-year term. There are no other apartments within close proximity, the spokesperson said. Established in 1988, Shoma Group is an award-winning real estate development company specializing in residential and commercial projects. In June, it purchased the 341-unit 500 Ocean apartment complex in Boynton Beach for $105 million. Miami-Dade Circuit Court Judge William Thomas on Monday threw out an October jury verdict in favor of Shoma Coral Gables, an affiliate of Shojaees Shoma Group. Shoma bought the 2.5-acre property at 3650 Bird Road,. The Coral Gables-based developer tapped Craig Studnickys ISG World to lead sales and marketing of the units. Website http://www.shomagroup.com Industries Leasing Non-residential Real Estate Company size 51-200 employees Headquarters Coral Gables, Florida Type Privately Held Founded 1988 Locations. Deal for newly built, fully leased building equates $454K per unit, From left: Doug Andrews, Chairman, Avanti Residential; Masoud Shojaee, President & Chairman, SHOMA Group; Christian Garner, CEO, Avanti Residential; Sanctuary Apartment Complex at 9400 Northwest 41st Street, Doral, FL (Avanti Residential, ApartmentFinder, SHOMA Group). and M.S.E.E., University of Miami Masoud Shojaee 's. Every day it is a privilege to lead our amazing team, and this position is a great honor, said Stephanie. Lamas Coral Gables acquisition closed as the city experiences an apartment building boom. The company bought a waterfront assemblage of more than 6 acres next to its WSVN-Channel 7 TV station in three deals last year totaling $56.5 million. Avanti, led by Chair Doug Andrews and CEO Christian Garner, is a multifamily owner-operator of properties throughout Arizona, Colorado, Florida, Kansas and Utah, according to its website. Her company financed the deal with a $6.1 million loan with Ocean Bank. The one at 915 Palermo Avenue has 18 units and was completed in 1963. The platform is led by former investment bankers with an average of 25 years of experience. Shojaee said his project stands out from existing rental projects nearby because Shoma builds rentals with features and finishes more commonly found in condos. Mainly an attacking midfielder, he can also play as a winger or forward . Nearby, Agave Holdings is almost finished building The Plaza, a 2.25 million-square-foot mega-project with 174 apartments, a 242-key hotel and 161,000 square feet of retail. Shoma Group's Masoud and Stephanie Shojaee; renderings of new North Bay Village (Shoma Group, Getty). Lamas played an instrumental role in Shoma Groups growth, the company she and Shojaee founded in 1988. Unfortunately, there is no exact figure of Masoud Shojaee's salary. Avanti appears to be beefing up its South Florida portfolio. Jose Saumell, partner at MSA Architects, which is designing Shoma One, said the two 18-story and 19-story luxury apartment buildings will flank an eight-story parking garage. About Shoma GroupEstablished in 1988, Shoma Group is an award-winning real estate development company specializing in residential and commercial projects. Theres the Adler Group and 13th Floor Investments the Link at Douglas, a mixed-use project with 312 apartments in the first phase; and Gables Station and Paseo de la Riviera, two Coral Gables projects being developed by NP International, which just rebranded to Nolan Reynolds International.