WATCH: Avra Jain on Miami development and “getting off the Beach”

The Vagabond Group founder is looking west for new project opportunities

Miami /
Apr.April 29, 2021 04:30 PM

Developer Avra Jain is “not afraid to go west.”

The Vagabond Group founder spoke with The Real Deal’s Amir Korangy on the latest episode of Coffee Talk, sharing insights about what it means to be a developer and what’s next for Miami’s hottest neighborhoods.

An early investor in now-trendy Wynwood, Jain is out amidst a zoning overhaul in the area. “When they change the zoning, they change the neighborhood,” she noted. “Now the big boys are in there, and they’re gonna, you know, do a little city, I guess.”

This, Jain said, is why she focuses on adapting neighborhoods rather than building individual developments. “The zoning can’t change,” she said. “So I have insurance. Nobody can go next door and knock down a building and build an ugly 10-story building.”

She prefers to be the force behind the change. When she started redeveloping the Vagabond Motel on Biscayne Boulevard, it was “an area where it was $20 an hour, $30 a night.” Now one of her buildings in the area houses a Starbucks — and formerly, TRD’s first Miami bureau office.

Watch the video above for more, and be sure to check out our YouTube page for all of TRD’s latest videos.


Related Articles

arrow_forward_ios
Dragon Global’s Robert Zangrillo and Vella Group's Zach Vella with Vagabond Group LLc’s Avra Jain and 555 Northwest South River Drive (Dragon Global, Vagabond Group LLC, Google Maps)
Avra Jain and Robert Zangrillo get new partners for Miami River project
Avra Jain and Robert Zangrillo get new partners for Miami River project
From left: David Edelstein, Alex Karakhanian and Victor Ballestas in front of the property at 3601 North Miami Avenue (Lndmrk Development, Tricap, Integra Investments, LoopNet)
David Edelstein, partners buy Design District dev site, plan office tower
David Edelstein, partners buy Design District dev site, plan office tower
Rüger Holding KG’s René Gerdom with 3300 N. Miami Avenue and 20 Northwest 34th Street (Marcus & Millichap, Tricap, Zillow, iStock)
German firm picks up Midtown Miami retail properties for $23M
German firm picks up Midtown Miami retail properties for $23M
AMLI Residential’s Gregory Mutz, Mesirow Financial’s Richard Price and Morgan Group’s Philip Morgan with 80 Northeast 29th Street (Showcase, AMLI, Mesirow, Morgan Group)
AMLI Residential keeps betting on Edgewater, pays $104M for apartments
AMLI Residential keeps betting on Edgewater, pays $104M for apartments
AMLI Residential Chairman and CEO Gregory Mutz with the site (Google Maps, AMLI)
AMLI Residential bets $31M on another Midtown Miami development site
AMLI Residential bets $31M on another Midtown Miami development site
The Standard hotel-branded condos are coming to Midtown Miami
The Standard hotel-branded condos are coming to Midtown Miami
The Standard hotel-branded condos are coming to Midtown Miami
Carl Austin Rosen and 235 Northeast 29 Street in Miami (Second Hand Songs, DWNTWN Realty Advisors/Crexi)
Music exec and songwriter buys Edgewater building in Opportunity Zone
Music exec and songwriter buys Edgewater building in Opportunity Zone
Alex Vadia’s Midtown Miami property could get height increase to 48 stories
Alex Vadia’s Midtown Miami property could get height increase to 48 stories
Alex Vadia’s Midtown Miami property could get height increase to 48 stories
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...