WATCH: The next wave of South Florida development

Michael Shvo: “I don’t lose sleep at night over oversupply or undersupply”

TRD MIAMI /
Oct.October 25, 2019 01:30 PM

The cyclical nature of Miami’s condo market has many developers shifting toward rentals – but not Michael Shvo.

The New York developer, who is making a big push in Miami Beach, said that as long as you have the right site and project, the overall market’s performance is irrelevant.

“It doesn’t really matter what the market is. You build something special in the right location, you’re not competing with something in Brickell or in Wynwood,” Shvo said at The Real Deal’s Sixth Annual Miami Showcase & Forum last week. “I don’t lose sleep at night over oversupply or undersupply.”

Shvo was joined by Laurent Morali of the Kushner Companies, Florida East Coast Realty’s Jerome Hollo, and developer Lissette Calderon on the panel, “The next wave of South Florida development,” moderated by TRD Editor-in-Chief Stuart Elliott.


Related Articles

arrow_forward_ios
The LaLanne exhibit at The Real Deal’s event in October

Michael Shvo to unveil tropical gardens with LaLanne exhibit at the Raleigh

Kushner Companies' Charles Kushner and Laurent Morali

Inside Kushner Companies’ $1B expansion into South Florida

WATCH: Developers and co-living operators shed light on the growing industry

WATCH: Developers and co-living operators shed light on the growing industry

WATCH: Grant Cardone espouses his real estate investing philosophy

WATCH: Grant Cardone espouses his real estate investing philosophy

WATCH: Don Peebles leads diversity in real estate talk at The Real Deal Miami event

WATCH: Don Peebles leads diversity in real estate talk at The Real Deal Miami event

WATCH: Miami brokers speak out on bucking the buyer’s market

WATCH: Miami brokers speak out on bucking the buyer’s market

Ben Carson

WATCH: Ben Carson dives into Opportunity Zones

Don Peebles

WATCH: Don Peebles on why developers love Miami’s volatility

arrow_forward_ios