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Save my name, email, and website in this browser for the next time I comment. 465K followers. Sustain independent journalism in Nigeria contribute to Legit.ng. Ten30 South Beach, a curated collection of 43 one-, two-, and three-bedroom condominiums nestled in one of South Beachs most vibrant neighborhoods, is quickly selling out its inventory as demand for Miami luxury real estate heightens. Meanwhile, Briefly News earlier reported that a Nigerian man raised the bar on wedding anniversary celebrations with the rare gifts he gave his wife. 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. 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 . Now that the Miami and South Florida real estate scenes are getting the attention they deserve, Masoud Shojaee is benefiting from the fruits of his labor and years of investment in these regions. 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 retail and office space in South Florida. Stephanie Shojaee talks marriage to Masoud, rejection and sexism Terra, Shoma partner on rentals in Miami-Dade's Fontainebleau By Lidia Dinkova | December 09, 2022 02:33PM Terra and Shoma Group. Masoud Shojaee President, Shoma Group . They will begin welcoming residents to their brand new apartments on August 1. During this time, Shojaee was actually famous for taking a helicopter to and from all of his properties, never using a car. A real estate billionaire, Masoud Shojaee, got the attention of many days ago after his wife, Stephanie, shared a video of how he surprised her with a private jet Christmas gift. eceiving the Mercedes Benz car in the post. He couldnt return to Iran. He included a clip of his visibly taken-aback mom receiving the Mercedes Benz car in the post. PAY ATTENTION: Never miss breaking news join Briefly News' Telegram channel! Follow. As much as Shojaee relishes such leisure, he said he hopes to keep working for another 20 years. Hes respectful and firm and he knows what he wants and is relentless in getting it, Parker said. Additionally, with an increased emphasis on technology entrepreneurship and investment, particularly cryptocurrency, many corporations have decided to make Miami their home. Businesses shut down. 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. In turn, Mayor Hernandez thanked Shojaee for believing in Hialeah and for helping lay the foundation for Hialeah to become a place that would attract young people and businesses to put down roots. Help us change more lives, join TUKO.co.kes Patreon programme. PROFILEmiami takes no ownership of any imagery unless otherwise noted. During his earlier years, Shojaee said he was primarily focused on mid-market prices for single-family houses and townhomes, but he changed direction after the housing crisis of 2007, opting to build more luxury homes and townhomes priced at $1 million and up. Under county law, lobbyists are not allowed to receive contingency or "success" fees, which the law defines as a "bonus, commission, or nonmonetary benefit as compensation dependent on the passage, defeat, or modification of an action or decision by the county commission or any of the elected bodies governing the municipalities." Still, while a cut-throat climate for brokers themselves, Miamis presently bustling real estate market has brought incredible opportunities for developers to rise to the occasion and fill this massive demand for properties. The most insane gift @mrmasoudshojaee I love you 11 years later and you still manage to surprise me! A look at the husband's profile shows he is into real estate and he is the chairman SHOMA GROUP, a company that was founded according to its Instagram profile in 1988. Obviously Stanley Price saw the advantage of having someone like Arza "champion" the project, though in what manner remains uncertain. At the time of the taped conversation, the City of Doral was only a few months old and had not yet created its own planning and zoning department. While many investors are finally realizing Miami's and South Florida's value, Masoud Shojaee, CEO and Chairman of the Board of the award-winning real estate development company Shoma Group, has believed in the region for over three decades. 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Make a one-time donation today for as little as $1. But as Shojaee expanded into residential development in Broward and Palm Beach counties, in addition to office development, he needed a way to keep an eye on his many projects. Today his firm, Shoma Group, develops apartment buildings, townhomes, office buildings and retail space in addition to the 10,000 single-family homes it has built since he founded the company in 1988. 4. Now that other real estate developers and investors are finally privy to what Shojaee has known since the 1990s, Shojaee is capitalizing on Miami's real estate renaissance. On top of those, theres the developers lengthy divorce that began when his wife, Maria Shojaee, filed in April 2015 after 29 years of marriage. Ralph Arza is a state representative whose District 102 includes parts of Miami-Dade and Broward counties, but not the City of Doral. Since the onset of the COVID-19 Pandemic, these markets have seen a dramatic influx of new residents for several reasons. Mr. Shojaee applies his vision and extensive knowledge of building high-quality developments in the diverse and growing South Florida real estate market. Serving as a kickoff for upcoming regularly scheduled events that will take place year-round at Sanctuary Doral for residents and commercial tenants, hosts Shoma Group and Braman Miami rolled out the red carpet as event-goers enjoyed cocktails and delicious samplings from the participating restaurants getting a true taste of whats to come once Shoma Bazaar officially debuts this Fall. t may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. Pin. Hall said Shojaee and he have a group of highly accomplished mutual friends, including high-profile attorney Scott Baena and others he declined to name. Masoud Shojaee. Show More Posts . Both Shojaee and Colombo declined to comment on the legal wranglings. NotHaa.com, The Best Persian Music Website. The new city also relied on the county bureaucracy to process any requests for changes brought by Doral property owners. I love to be in my office. 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. Four months later, the Iranian revolution began. The developer teamed up with the projects exclusive sales broker Fortune Development Sales to host a ceremony to commemorate the occasion. Stanley, did you discuss any fees with him? We wake up with the same exact goals, same aspirations, same desire to win, same desire to succeed, says Stephanie. Shoma Group Reveals Elevated, New Look Renderings Of Shoma Bay In North Bay Village, Shoma Group Launches Condo Sales At Shoma Bay In North Bay Village, Shoma Group Delivers Mixed-Use Multifamily Shoma Village In Hialeah, Shoma Group Acquires 2.5 Acre Transit-Oriented Site in Coral Gables To Develop Shoma One Mixed-Use Multifamily, Mid-Century Modern Condominium Ten30 South Beach Sells Out Before Completion, Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million, PROFILE Exclusive Podcast Season 1 Episode 1 Featuring Masoud And Stephanie Shojaee of Shoma Group, Shoma Group Sells 10 Units At Luxury Boutique Condo Ten30 South Beach In 15 Days, Inside "A Taste Of Shoma Bazaar" At Sanctuary At Doral, Hosted By Shoma Group And Braman Miami, Ten30 South Beach Hosts Socially Distant Party To Celebrate Top Off, Global Financial Services Firm Rothschild To Open Miami Office At 830 Brickell, Coastal Italian Outpost 'La Fuga' Opens At Kimpton Shorebreak Fort Lauderdale, The Continuum Company Acquires North Bay Village Development Site For $35 Million. Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. After only a few years in the industry, Shojaee wanted to challenge himself to grow his business and take on new types of real estate projects outside of single-family homes. The 57-year-old founders joie de vivre is as notable as the scale of his firms productivity. masoud shojaee wedding. As the wife of Shoma Group founder Masoud Shojaee, Stephanie Shojaee has helped transform the Miami-based development company into a modern multi-billion dollar empire through her role as. Right in front of her was a private jet gift for her. In May of last year, Shoma paid $39 million for the former Ryder System headquarters in Doral. As a frequent flyer, Shojaee also keeps an apartment in Montreal and makes regular visits to family in Paris. Shoma Group plans to operate some of the vendors within Shoma Bazaar, including a brand new concept led by ex-chef from Prime 112 called, "BFF: Burger Franks Fries. Shojaee even got into the aviation business in 2003, buying and selling planes and helicopters. Her success certainly didnt come easily; as the child of Colombian immigrants, Stephanie had to fight tooth and nail against the odds to make a name for herself in business, a tenacity and work ethic she continues to maintain to this day. 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Masoud Shojaee: Okay, let's, uh, tell Ralph, uh, Felix come to the office, uh, on Friday morning. The three-story units will feature rooftop Jacuzzis and barbecues. Leading the pack of Miamis plethora of development firms is Shoma Group, a renowned multi-billion-dollar real estate company thats been led into international recognition by the husband-wife team of Masoud and Stephanie Shojaee. Shojaee was born in Tehran, Iran, where his father had a large construction company that worked on government projects and employed 400 engineers. Mehdi Bolour faces 25 criminal charges over illegally rented Hollywood building. Stephanie revealed that the aircraft is an "insane gift". The evening also featured a display of the latest Braman BMW and MINI Cooper vehicles where guests had the opportunity to enter to win an exclusive raffle for a weekend getaway on a BMW or MINI courtesy of Braman Miami. and Thus it could not process requests for planning or zoning changes, which Shoma Development Corp. needed for the Ryder property. PAY ATTENTION: Help us change more lives, join TUKO.co.kes Patreon programme. Leveraging some early successes with the Tamiami Estates, a $300 million deal in the Grand Lakes, and a $400 million sale in Miramar, to take Shoma Group to the next level. Besides this, Stephanie was a real estate agent therefore the President out of Shoma Group. Stanley Price: Doral does not have their own filing system. Andrew provides design leadership and expertise to our Stantec Miami office. She came into new limelight after i-dependent billionaire Masoud Shojaee. It seems one of the three men inadvertently caused that three-way conversation to be recorded on the voice mail of a bureaucrat who works for a local public agency. Verified. We saw more of a trend that [buyers] are willing to pay more money and want a different product, so we changed to that, he said. Mr. Shojaee. Those who know Shojaee also call him a generous friend. Sign up to receive PROFILEmiamis Bi-Weekly Newsletter to stay up to date with the latest in South Florida residential and commercial real estate news and content. SPONSORED - In celebration of the upcoming debut of the areas most exciting new restaurants at Shoma Bazaar food hall, Miami-based developer Shoma Group hosted an exclusive evening at Sanctuary at Doral featuring the latest in Doral dining in partnership with Braman Miami. And as conditions have shifted toward the end of this cycle, Shojaee, too, is changing tack by shifting to multifamily projects. Shoma is also finishing developing the homes at Oasis at Park Square at CityPlace. Shojaee essentially had taken a $40-million gamble that the newly minted City of Doral would approve the planning and zoning changes needed to fulfill his vision. Following his wife Stephanie Shojaees new headline-grabbing position as Shoma Group President, buzz about the power couples sharp business acumen and Insta-worthy relationship is beginning to spread. Legit.ng compiled some of the reactions below: Meanwhile, Legit.ng earlier reported that a Nigerian man raised the bar on wedding anniversary celebrations with the rare gifts he gave his wife. She wrote that after 11 years, the man still found a way to surprise her. Owned by developer Masoud Shojaee. Gospel was once bitten by love as the woman he wanted to marry years ago jilted him a few days to their wedding when all plans had been made. A Nigerian pastor demonstrated how love should be celebrated. 4:00AM. In addition, in Coral Gables, Shoma has built custom homes and townhomes and recently renovated the companys new headquarters at 201 Sevilla Avenue, where Shojaee works with his two daughters, Anelise, 31, and Lilibet, 28. His father retired and Shojaees life took a turn. Copyright 2023 IBTimes LLC. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. It really helped me a lot, he said. The Coral Gables resident told The Real Deal that his goal is to bring new design concepts to the region like choosing a minimalistic style rather than Mediterranean architecture at the nearly completed Oasis at Park Square in Doral, where each unit features a private rooftop with a Jacuzzi, barbecue area, bathroom and covered terrace. 465k Followers, 138 Following, 277 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) stephshojaee. It may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. I love my carpet too , A post shared by Stephanie Shojaee (@stephshojaee). A jury previously awarded Shojaee $10 million, but Miami-Dade Circuit Judge William Thomas threw out the . The group regularly gets together socially for dinner, each taking turns hosting. 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. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of the copyright owner.