Masoud Shojaee, president of Shoma Development, had ambitious plans for the 45-acre property -- a pedestrian-friendly town center that would combine 900 residential units with 200,000 square feet of retail space and 150,000 square feet of office space. Shojaees personal style may also translate into adding a scarf, or eschewing the custom of choosing a belt and shoes of the same color, and instead matching the jacket color with the belt, and opting for a different color in shoes. Furthermore, Shoma Group put together a $102.5 million deal for their 226-unit project, Sanctuary Doral Apartments fairly recently. Stanley Price: Have a check for him 'cause he's, he's very hungry. Popular Instagram couple, Masoud and Stephanie Shojaee, have got people talking as the wife shared a short video of her and husband. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. I love my carpet too , A post shared by Stephanie Shojaee (@stephshojaee). Covering Miami, Fort Lauderdale and the Palm Beaches since 2016. Hialeah, FL October 20, 2021 On Wednesday, October 20th, real estate power leader Masoud Shojaee, President and Chairman of the Board of Shoma Group, honored Hialeahs Mayor Carlos Hernndez at his latest forthcoming development, Shoma Village, to recognize the mayors decade of service as his term comes to a close. Shojaee is also planning to build 180 apartments and 50,000 square feet of retail space at 1515 San Remo Avenue, across from the Shops at Sunset Place. It lasts only 65 seconds, but it speaks volumes. A confidential source provided New Times with a copy of the taped conversation, which probably took place in May or June 2004. In fact, when Shojaee first started investing in Doral, it was not even an official city. From Shoma Homes Villas at Country Club of Miami, Shoma Homes at Bella Colina, and Shoma Homes Splendido, Shojaee has been an avid investor and advocate for Hialeah, building up the region for years. Today it is one of South Florida's preeminent residential. As Miamis property market continues its red-hot upward trajectory, expect the Shojaees and Shoma Group seamless team to be the forces behind some of the citys most talked-about up-and-coming projects. Masoud Shojaee and his ex, Maria Lamas, finalized their divorce in 2018. LSA Property Holdings bought it for $2.81 million in 2012. The company's current projects include. Researching as much as he could and channeling an extreme work ethic, Shojaee expanded into commercial properties, mixed-use properties, and multi-family buildings. She was startled at the vehicle gift that was already decorated for her. Masoud Shojaee: Okay, let's, uh, tell Ralph, uh, Felix come to the office, uh, on Friday morning. 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. Because I remember this agreement he was going to discuss with Stanley. In the short clip, the woman was led out of a Rolls Royce blindfolded by Masoud. "I said you'll take $20,000 and you'll get a bonus of $30,000 when the zoning's delivered to us". 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. All rights reserved. Enter your email address to subscribe to this blog and receive notifications of new posts by email. 465k Followers, 138 Following, 277 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) stephshojaee. Shojaee also knows exactly what he wants from a sartorial perspective. 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. Lamas. The 2.8-acre mixed-use development will be anchored by a 36,068-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and a Shoma Bazaar food hall. 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. The development is expected to cost $220 million to build. Miami's independent source of Hernndez has been a champion for developing Hialeah and has worked closely with Shoma Group and other developers to achieve a vision of a thriving city that would attract new residents and businesses. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. You are already subscribed to our newsletter! A transcript follows below. Stanley Price: Importantly, we gotta get Ralph to champion this thing through for us. 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. "We gotta get Ralph to champion this thing through for us". Most recently, the firm partnered with the Related Group on CityPlace Doral, a mixed-use project. 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. Masoud received a Bachelor of Science degree degree f rom University of Miami and a Master of Science degree from University of Miami. A son, Ogbonnaya, remembered the promise he made years ago when he was just a fresh graduate and wind blew off the roof of their house. On 18th December 2021 , Her husband Masoud Shojaee Gifted her a Private Jet. That was one of the most successful projects I did, he said. A Nigerian pastor demonstrated how love should be celebrated. Unidentified: Okay. While Stephanie may now be making waves as Shoma Groups president, Stephanie first made a name for herself as the firms Chief Marketing Officer, where her on-the-nose strategies and mind for marketing led Shoma Group to increase its profits by 30 percent and the creation of a gender-inclusive workplace. 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. 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. Presently, Stephanie is spearheading the development of the Shoma Bazaar, a residence-anchored food hall set to be implemented throughout Shoma Groups extensive multi-family properties. 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. The new city also relied on the county bureaucracy to process any requests for changes brought by Doral property owners. The 57-year-old founders joie de vivre is as notable as the scale of his firms productivity. A video capturing the occasion was shared on Instagram. Stephanie revealed that the aircraft is an "insane gift". Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. He likes finer things in life, but he is respectful and disciplined.. Shoma had purchased. It is great cash flow and you have no risk, and you sell the building when its stabilized, or you decide to keep it, and two or three years from now, when the condo market is great, you do a condo conversion, Shojaee said. But Masoud Shojaee was once that kid. And as conditions have shifted toward the end of this cycle, Shojaee, too, is changing tack by shifting to multifamily projects. Investing in multiple projects in the city, Shojaee is behind the Doral View, Las Ramblas, and Gold Vue. 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. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. When the veil was taken off her eyes, the woman hugged her husband happily. Sign up to stay up to date with the latest in Miami residential and commercial real estate news and content. Hall refers to his client as, smart, knowledgeable, and he knows exactly what he needs.. If you create something like this, you are separating yourself from competitors, he said. 465K followers. The new tower design seamlessly melds a classic art-deco aesthetic with a modern facade while adding community-minded amenities such as a zen garden, grocery delivery room, wine cellar, cigar lounge, and other dynamic features. Parker of Douglas Elliman, which is now handling sales at Eleven on Lenox, calls Shojaee a visionary.. The group regularly gets together socially for dinner, each taking turns hosting. Other vendors will include Pubbelly Sushi, Tintto By Tributto, In Ramen, Juice & Java, Eating House, and Ash Pizza Parlor. GQ is a registered trademark of Cond Nast New Markets Europe/Africa, Inc. used under license by CONTENT NATION MEDIA (PTY) ltd. Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. A man's private jet gift to his wife got many people talking online. The next deal was even larger. He consulted with one of Shoma's lawyers, Stanley Price, a prominent Miami land-use attorney. And that's a tremendous payday for him. The making of Masoud Shojaee's empire. Save my name, email, and website in this browser for the next time I comment. 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. Show More Posts . Stanley Price: So we need to file with Dade County. In 2008, amid the downturn, he sold all the inventory for more than $150 million, he said. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . 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. Participants were Shojaee, Price, and an unidentified third party associated with Shojaee. Abreu had partnered with the Somoza family of Nicaragua to develop hundreds of lots at Sunset Harbour, at Sunset Drive and 127th Avenue, and was ready to cash out. On-site tastemakers were treated to the first taste of whats to come at Shoma Bazaar, a 14,000-square-foot innovative food hall that will be situated at the main entrance of Sanctuary Doral, a newly-opened six-story luxury rental community. 138 following. 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. 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. His world changed on a dime, and he was literally on his own, Hall said. Most recently, the firm partnered with the Related Group, eXp named in explosive sexual assault lawsuit, William Lauder lists Palm Beach properties for record $200M, Time to shred: Dealmakers hit the slopes this ski season, Commercial real estate continues to get pummeled. He has an enormous sense of urgency with everything he does, and that is why he gets so much done, Patterson said. 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. Stephanie Shojaee President of @shomagroup Owner of @shomabazaar Happy wife to @mrmasoudshojaee Mom to Pebbles. Kenyon Books Free PDF Download. Developed and managed by industry veteran Masoud Shojaee, CEO of Shoma Group - who over the past 31 years has developed more than 10,000 homes and condominiums, and completed over $5 billion in real estate transactions - Shoma Bazaar at Sanctuary Doral is the firm's first food hall concept and represents the first of many future Shoma . 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. local news and culture, Francisco Alvarado Masoud got married to Maria in 1986. When @instablog9ja reshared the video, Nigerians had a whole lot to say. The 226-unit multifamily property is located at 9400 NW 41st St. 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. 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. Who is Masoud Shoajee? 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. It will be the site of Shoma One, a mixed-use project with a 391-unit apartment community and a Shoma Bazaar food hall. From the fall issue: 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 . Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. So in 1988, at 27, he started Shoma Development with 10 employees. His first project, when he was 24, was a 48-home development in Kendall, called Kendall Best 2, in a joint venture with an experienced partner, Ernestino Abreu, principal of a family business, A & F Developer.