As a frequent flyer, Shojaee also keeps an apartment in Montreal and makes regular visits to family in Paris. Miami-based developer Shoma Group has unveiled a fresh new look to Shoma Bay, a 24-story, 333-unit condominium located in the exclusive waterfront community of North Bay Village. 4. Each Shoma Bazaar will be home to approximately a dozen unique restaurant vendors. local news and culture, Francisco Alvarado In May of last year, Shoma paid $39 million for the former Ryder System headquarters in Doral. All rights reserved. The 57-year-old founders joie de vivre is as notable as the scale of his firms productivity. The couple met at the company where Stephanie had worked for the past 11 years. PAY ATTENTION: Never miss breaking news join Briefly News' Telegram channel! Because I remember this agreement he was going to discuss with Stanley. That's -- but I want to meet with the city manager to get --. 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. Right in front of her was a private jet gift for her. Although he has completed dozens of successful projects as many as 10 at a time Shojaee has also had his share of struggles and lawsuits. Masoud received a Bachelor of Science degree degree f rom University of Miami and a Master of Science degree from University of Miami. It was the mid-1980s, during the savings and loan crisis, a good time to start looking for properties, Shojaee recalled. Shojaee and Lamas. Stanley Price: Have a check for him 'cause he's, he's very hungry. A video capturing the occasion was shared on Instagram. Theres also a suit against Colombos exotic-car dealership, the Collection, related to a $413,108 contract to purchase a Ferrari. PROFILEmiami takes no ownership of any imagery unless otherwise noted. That led to a second, 58-lot project, Kendall Best 3, also with Abreu. April 14, 2005 Remember, Masoud? The deal was that Shojaee would put up all the equity, and bank financing would provide the rest of the funds. 465K followers. I love what I do.. When @instablog9ja reshared the video, Nigerians had a whole lot to say. Amid strikes and brewing unrest, Shojaee left home in August 1978 to study electrical engineering at the University of Miami. Similar to how Shojaee was a pioneer for the Doral area, helping popularize and build up the region into a city while most developers would not take the risk, Shojaee has done the same for Hialeah since the 2000s. A jury previously awarded Shojaee $10 million, but Miami-Dade Circuit Judge William Thomas threw out the . Further, due to harsh COVID-19 restrictions, even residents of warm-weather cities like Los Angeles are flocking to Miami due to its lack of business restrictions. 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. A transcript follows below. 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. Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. 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. 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. When @instablog9ja reshared the video, Nigerians had a whole lot to say. Masoud Shojaee has left women yearning to have a piece of him after he gifted his wife Stephanie Shojaee a private jet as a Christmas gift. 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. Further, the successful investor is a wine aficionado and an aviation enthusiast having bought his first private plane at the age of 38. Shojaee also knows exactly what he wants from a sartorial perspective. On 18th December 2021 , Her husband Masoud Shojaee Gifted her a Private Jet. It really helped me a lot, he said. He reentered the aviation business two years ago, buying and selling more planes. Andrew Hall, Shojaees friend and managing partner at Hall, Lamb, Hall & Leto, who represents him in the Collection Residences and Collection suits, said litigation is par for the course. Shoma still owns 50 percent of the property planned for the Collection Residences. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. Meanwhile, Briefly News earlier reported that a Nigerian man raised the bar on wedding anniversary celebrations with the rare gifts he gave his wife. Check your inbox to be the first to know the hottest news. Masoud Shojaee is the Chief Executive Officer at Shoma Group based in Coral Gables, Florida. After they had performed for his mother, he took her outside. 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 firms first food hall concept and represents the first of many future Shoma Bazaar food halls set to be incorporated into each of Shoma Groups upcoming rental communities. Check your inbox to be the first to know the hottest news. Every [other] builder was selling maybe five units a month if they were doing really well, and I was selling somewhere from 20 to 30 homes a month in that location. Prices ranged from $150,000 to $330,000 per home. In the adorable video, the husband who rocked white native wear called agbada made the announcement of the car gifts in the midst of guests who turned up for their wedding anniversary celebration. The Shojaees were married in 1984 and founded Shoma Group in 1988. When he renovated an office building in the Waterford office park, he used a helipad to board one of his two helicopters, in which he flies over and observes his projects across South Florida every day. Shoma Group is a real estate development and investment company with over 30 years of history and over $5 billion in completed real estate transactions. 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. 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. There are several other tenants in the building besides Shoma Group. The developer teamed up with the projects exclusive sales broker Fortune Development Sales to host a ceremony to commemorate the occasion. In Miami Beach, Shoma is planning a luxury townhome project, Eleven on Lenox, with construction expected to begin in the first quarter of 2018. Show More Posts . Mr. Shojaee. There is not much information on Masoud Shojaee and Stephanie Mejia's wedding. Their former home, a Moroccan estate in Coral Estates, is on the market for $12.95 million. Since 2015, Shojaee has sold over $400 million of real estate projects in Doral. 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. 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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.. 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[1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . Popular Instagram couple, Masoud and Stephanie Shojaee, have got people talking as the wife shared a short video of her and husband. 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. LSA Property Holdings bought it for $2.81 million in 2012. I love to be in my office. I have to study everything .I play offensive and defensive it all depends on the timing and the market.. We get a reputation in South Florida for being flashy. He started his career with a focus on single-family homes because they offer more flexibility: If the market takes a turn, you can switch plans. The man bought his beloved wife 2 cars to mark their 8th wedding anniversary. Miami-based developer Shoma Group has launched sales for Shoma Bay, a 21-story, 327-unit condominium on the corner of the 79th Street Causeway and East Treasure Drive in the waterfront community of North Bay Village. Since the onset of the COVID-19 Pandemic, these markets have seen a dramatic influx of new residents for several reasons. Only one problem: The property wasn't zoned for that. The next deal was even larger. 465k Followers, 138 Following, 277 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) stephshojaee. Furthermore, Shoma Group put together a $102.5 million deal for their 226-unit project, Sanctuary Doral Apartments fairly recently. 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. He included a clip of his visibly taken-aback mom receiving the Mercedes Benz car in the post. Sign up and stay up to date with our daily newsletter. He was on his own to continue his studies, earning a masters degree in electrical engineering and taking additional classes, aiming for a Ph.D. in the subject. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. 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. Masoud Shojaee President, Shoma Group . For those unaware, "Shoma" is a play on Masoud Shojaee's full name as the firm's name combines the first three letters of his last name (sho) with the first two letters of his first name (ma). 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. and 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. Shojaee bought Abreus share in the partnership for a few million dollars a number he doesnt recall exactly taking on more than 200 lots to build single-family homes. I love creating things. 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. It will be the site of Shoma One, a mixed-use project with a 391-unit apartment community and a Shoma Bazaar food hall. Every major business person I have ever known has some degree of litigation associated with them, and it doesnt mean they havent been successful, Hall said. 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. 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. 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. That is Stephanie Shojaee? He went in the right direction.. A major project like that proposed by Masoud Shojaee would need the support of the Doral City Council. Notify me of follow-up comments by email. Make a one-time donation today for as little as $1. I am a very hands-on person, and I like to overview and supervise every aspect of the business.. Covering Miami, Fort Lauderdale and the Palm Beaches since 2016. Unidentified: Did you guys have a fee arrangement? Shojaee is also responsible for One Park Square, a $900 million mixed-use development encompassing 300,000 square feet of retail space, luxury rental buildings like The Manor & The Flats, as well as single family homes like Oasis Park Square. 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. Shoma is also finishing developing the homes at Oasis at Park Square at CityPlace. Their marriage was strong with the passing years. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The post soon blew up with many netizens lauding the man. After its successful sell-out, Shojaee decided he was ready to strike out on his own. 0. Miami-based developer Shoma Group is excited to announce that its exclusive, upscale condominium, Ten30 South Beach, has completed sales. We don't want her to suffer: Bride's parents strongly dislike groom's apartment, wedding cancelled, PAY ATTENTION: Install our latest app for Android, read best news on Nigerias #1 news app. Help us change more lives, join TUKO.co.kes Patreon programme. Andrew Burnett. 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. Popular Instagram couple, Masoud and Stephanie Shojaee, have got people talking as the wife shared a short video of her and husband. Shoma Group recently renovated its headquarters at 201 Sevilla Avenue in Coral Gables. A video capturing the occasion was shared on Instagram. 105k Followers, 59 Following, 10 Posts - See Instagram photos and videos from Masoud Shojaee (@mrmasoudshojaee) 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. 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. Nigerian lady cries hard, put hands on her head after boyfriend reportedly broke up with her on Christmas day. Stanley Price: Yeah, he, he wanted $50,000 and I said you'll take $20,000 and you'll get a, get a bonus of $30,000 when the zoning's delivered to us. Stephanie revealed that the aircraft is an "insane gift". 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. 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. He visits Bijan on Rodeo Drive in Beverly Hills every quarter and has suits designed with unusual twists like a yellow jacket with one black button and all the rest white buttons. Stanley Price: So we need to file with Dade County. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. She is about 43 Years Old , She shared the picture On IG With Caption , OMG!! Four months later, the Iranian revolution began. I love to work, he 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. 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.