Plaza Group, DevStar Group Principals Ride Marina Palms Yacht Club & Residences Success to form new real estate firm based in Miami
(L-R): George Helmstetter, Neil Fairman, Anthony Burns
Developers behind the highly successful Marina Palms Yacht Club & Residences condominium project in North Miami Beach—The Plaza Group and the DevStar Group—have merged to create Plaza Equity Partners. The new firm delivers market-leading, full-spectrum real estate related services including development, sales, property management and lending. The company consists of a veteran team of talented professionals including architects, accountants, engineers, brokers, bankers and developers.
“This union combines the best of two unique organizations ideally suited and positioned to deliver unparalleled service and quality to domestic and international partners and investors,” said Neil Fairman, chairman of the new company and former president of The Plaza Group. In addition to Marina Palms, The Plaza Group developed the luxurious Palms in Fort Lauderdale and Ocean Palms in Hollywood Beach, as well as other major commercial developments in South Florida and Canada.
“We are capable of executing on complex transactions in a very short period of time given our wide range of real estate development, sales and financing acumen,” said Anthony Burns, who, along with George Helmstetter, will be co-presidents of the new company. The two formed DevStar as they started development of Marina Palms. Their prior successes included the redevelopment of Paramount Bay in Miami’s Edgewater District and Ocean House in Miami Beach’s South of Fifth Neighborhood.
“During the planning, construction and sales of Marina Palms, we accomplished more than just delivering Miami’s first luxury condominium and marina destination in over two decades,” Helmstetter added. “We realized our synergies would lead to a formidable, ongoing partnership allowing us to capitalize on a wide array of new investment opportunities.”
Plaza Equity Partners provides full-service development, sales and project management services featuring planning and development, construction management and in-house sales and marketing. In addition, its lending platform is designed to originate bridge loans for borrowers who are in need of innovative capital.
Located in the SunTrust International Center in downtown Miami, Plaza Equity Partners is pursuing several new opportunities, including a mixed-use commercial project in Aventura and in Miami.
Meanwhile, Marina Palms Yacht Club & Residences completed construction on its second and final tower
branded The Reserve at Marina Palms. The Reserve takes the very best of South Florida living by enriching every moment with greater rewards – most coveted views, premium finishes, upgraded amenities and enhanced personal services. The building has a few select residences available for sale.
The 112-slip, full-service marina accommodating yachts up to 100 feet has a full time Yacht Club Concierge and features an exclusive boat club for residents.
For more information, visit www.PlazaEquityPartners.com.
About Plaza Equity Partners:
Based in Miami, Florida, Plaza Equity Partners delivers a market-leading, full-service development and project management company offering on-staff architects and engineers, real estate sales and marketing, private mortgage lending, and construction management. Formed by developers Neil Fairman (former President and Founder of The Plaza Group) and Anthony Burns and George Helmstetter (former Co-Principals of The DevStar Group), Plaza Equity Partners will focus on real estate development and investment opportunities. Previous successes include Marina Palms Yacht Club & Residences, The Palms in Fort Lauderdale, Ocean Palms in Hollywood Beach, Paramount Bay in Miami’s Edgewater District, and Ocean House in Miami Beach’s South of Fifth Neighborhood. Learn more at www.PlazaEquityPartners.com.
About Marina Palms:
Marina Palms Yacht Club & Residences represents the first luxury high-rise and full-service marina/yacht club development in Miami-Dade County in more than 20 years. Developed by affiliates of The Plaza Group and The DevStar Group, the two residential towers each have 25 floors with a combined 468 condo units. The marina and yacht club offers concierge service and 112 slips with mooring for yachts in excess of 100 feet. To learn more, visit www.marinapalms.com.
