The developer teamed up with the projects exclusive sales broker Fortune Development Sales to host a ceremony to commemorate the occasion. 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. Stay up to date with our daily newsletter, China Parliament To Vote On State Reform Plan, New Cabinet, Mega Millions Jackpot Grows To $188 Million, Macron Lauds DR Congo Ceasfire As EU Sets Up Air Bridge, 'We're Happy Here': Antakya Antique Seller Stays Put Despite Quake, Exclusive-India May Issue Alert On Marion Cough Syrup Exports After Toxins Found. Only one problem: The property wasn't zoned for that. Miami's independent source of From its first day as a city, June 24, 2003, until this past October 1, Doral relied on Miami-Dade County's existing master plan and zoning laws. Please visit the official Government information portal for Coronavirus by clicking HERE, welcomed in more new residents during 2022s first quarter, Miami metro area government greenlighted the development, Stephanie Shojaees new headline-grabbing position as Shoma Group President. 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. Stanley Price: No, it's a uh, I'll tell you what, I'll pull the, uh, I'll pull the prior agreement he did with uh, with uh --, "Doral does not have their own filing system". In Miami Beach, Shoma is planning a luxury townhome project, Eleven on Lenox, with construction expected to begin in the first quarter of 2018. That led to a second, 58-lot project, Kendall Best 3, also with Abreu. "Today, South Florida is a thriving market and Miami has transformed into an exciting city with a banking center, an industrial hub, Cruise Lines, and a multitude of great things to do and . Nor had it developed its own comprehensive master plan. Shojaee was born in Tehran, Iran, where his father had a large construction company that worked on government projects and employed 400 engineers. 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. Notify me of follow-up comments by email. Shoma remains busy, working on six projects, planning four more and looking at single-family home construction in the Boca Raton area and Delray Beach. The five-story office building was built in 1971. Shoma Village, Shoma Groups premier rental community for upscale living and shopping, is expected to open in Q2 2022. 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. 0. That's -- but I want to meet with the city manager to get --. She wrote that after 11 years, the man still found a way to surprise her. Sign up to stay up to date with the latest in Miami residential and commercial real estate news and content. Remember, Masoud? Shojaees strategy was to focus on the Hispanic market, advertising the homes on Spanish radio by broadcasting a live breakfast show from the sales office. Unidentified: Yeah, I know he is. Since getting his start in the industry, Shojaee has developed a unique visionary insight into how to identify as well as invest in up-and-coming parts of the city typically overlooked by other developers. 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. A major project like that proposed by Masoud Shojaee would need the support of the Doral City Council. Some people said the man did not raise the bar for how to show love, he removed it totally. Its details that I pay attention to.. Working with the government, Shojaee used his investments in Doral and the subsequent investments his developments inspired to convince local officials to denote the area as its own official city. Businesses shut down. I love to be in my office. As work from home and quarantine orders have made residents of more crowded and colder cities -- like NYC -- pay closer attention to their living conditions, residents are fleeing to more spacious and warmer cities like Miami; many Manhattan residents realized they did not have the space they needed to make it through another quarantine. Who is Stephanie Shojaee? Masoud Shojaee President, Shoma Group . 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Their marriage was strong with the passing years. PROFILEmiami takes no ownership of any imagery unless otherwise noted. Andrew Burnett. Save my name, email, and website in this browser for the next time I comment. Now, 20 years later, Shojaee's Shoma Village project is his most recent effort to elevate the city, re-invigorate its economy, and bring upscale rental opportunities to the area in order to entice and retain young professionals. Sign up and stay up to date with our daily newsletter. The group regularly gets together socially for dinner, each taking turns hosting. Making an impact on the world of Miami real estate is no easy feat, especially as the South Floridian metropolis became one of the globes top living destinations throughout the Covid-19 pandemic a trend thats clearly still going strong, as Miami welcomed in more new residents during 2022s first quarter than it did during the same time period in 2021 when the pandemic was at its peak. Masoud Shojaee and his ex, Maria Lamas, finalized their divorce in 2018. Masoud builds high quality developments in the diverse and growing South Florida. Right in front of her was a private jet gift for her. Shoma Group officially topped off construction at Ten30 South Beach, a luxury boutique condominium scheduled to open in 2021. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. Known for his keen eye for potential, Masoud gained recognition throughout the 90s and early 2000s for his prescient developments in the Doral and Hialeah areas, helping boost the regions into functional communities and cities and gaining Masoud the moniker The King of Doral.. and Popular Instagram couple, Masoud and Stephanie Shojaee, have got people talking as the wife shared a short video of her and husband. Stephanie revealed that the aircraft is an "insane gift". It lasts only 65 seconds, but it speaks volumes. Many people who took to her comment section wondered how she was able to maintain composure and not faint at the sight of such a gigantic gift. And as conditions have shifted toward the end of this cycle, Shojaee, too, is changing tack by shifting to multifamily projects. Because I remember this agreement he was going to discuss with Stanley. Masoud builds high quality developments in the diverse and growing South Florida. Besides this, Stephanie was a real estate agent therefore the President out of Shoma Group. I love to dress in something different, he said. A food and wine aficionado, hes amassed a 2,500-bottle wine cellar, which includes about 20 bottles of Petrus Bordeaux. Furthermore, Shoma Group put together a $102.5 million deal for their 226-unit project, Sanctuary Doral Apartments fairly recently. Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. 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 . It really helped me a lot, he said. . He went in the right direction.. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. Are you guys ready for Hallo, Confession Time: Ive never been to a Pumpkin Pa, Felt cute, might de-leaf later Getting all the, simple wedding ceremony script non-religious, outdoor wedding venues in colorado springs . 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. With over $5 billion in completed real estate transactions, Shojaee has built his career and reputation on building up underdeveloped neighborhoods and turning them into thriving cities. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Hed brought capital with him from Iran, and his family had sent more money to invest in the United States an amount Shojaee will only peg as millions of dollars. The post soon blew up with many netizens lauding the man. 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. In fact, when Shojaee first started investing in Doral, it was not even an official city. While Shoma Group itself is a household name throughout the global development community, Masouds preference for privacy has largely kept the development mogul out of the spotlight. Follow. While friends note his generous character and sartorial sensibility, theyre just as apt to muse about his determination and focus in business. We wake up with the same exact goals, same aspirations, same desire to win, same desire to succeed, says Stephanie. The Miami metro area government greenlighted the development of more than 17,000 apartments and 8,300 single-family homes in 2021 alone, projects that are expected to attract even more new residents down to sunny Miami. masoud shojaee wedding. 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. 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. In 2008, amid the downturn, he sold all the inventory for more than $150 million, he said. For Shoma's single-family developments, Shojaee said the company handles 80 percent of the design, 100 percent of the construction and 90 . Pin. His world changed on a dime, and he was literally on his own, Hall said. Researching as much as he could and channeling an extreme work ethic, Shojaee expanded into commercial properties, mixed-use properties, and multi-family buildings. 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. Obviously Stanley Price saw the advantage of having someone like Arza "champion" the project, though in what manner remains uncertain. Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. But Masoud Shojaee was once that kid. The Miami and South Florida real estate industry has, of course, benefited from this increase in attention as 2021 was a record year for single-family home prices & median sales prices, with corresponding increases in rental prices. Theres also a suit against Colombos exotic-car dealership, the Collection, related to a $413,108 contract to purchase a Ferrari. Some people said the man did not raise the bar for how to show love, he removed it totally. An Iranian native, Masoud immigrated to the United States in 1978 before founding Shoma Group a decade later. Stanley Price: Importantly, we gotta get Ralph to champion this thing through for us. 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. I came up with better ideas and new ideas, to be more creative, to have a better design on the houses, to be a little bit innovative, to introduce new products.. That was one of the most successful projects I did, he said. 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." She is an executive in the real estate industry and is currently the president of Shoma Group. Arza says he was never hired by Shoma and does not lobby local governments. On 18th December 2021 , Her husband Masoud Shojaee Gifted her a Private Jet. Show More Posts . He reentered the aviation business two years ago, buying and selling more planes. 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. He couldnt return to Iran. Supplied with seed money from his father, who was a developer in their native Iran, Shojaee began his career in building well before he turned 30. 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. Stanley Price: Have a check for him 'cause he's, he's very hungry. 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. 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. 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. She was startled at the vehicle gift that was already decorated for her. I had my own way of envisioning [a project] and marketing that I was not able to do when I was doing the partnership, Shojaee said. 465k Followers, 138 Following, 277 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) stephshojaee. Miami, FL March 4, 2021 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 Doral featuring the latest in Doral dining in partnership with Braman Miami. She wrote that after 11 years, the man still found a way to surprise her. Four months later, the Iranian revolution began.