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
Avra Jain closes on Hialeah industrial property for entertainment project
Avra Jain closes on Hialeah industrial property for entertainment project
Avra Jain closes on Hialeah industrial property for entertainment project
Watch: Gil Dezer on guerilla marketing and working with Donald Trump
Watch: Gil Dezer on guerrilla marketing and working with Donald Trump
Watch: Gil Dezer on guerrilla marketing and working with Donald Trump
A rendering of the the property at 3601 North Miami Avenue and HES Group CEO Francisco Arocha (Photos via HES, Francisco Arocha)
Midtown Miami Triptych dev site owner files for Chapter 11 amid foreclosure
Midtown Miami Triptych dev site owner files for Chapter 11 amid foreclosure
An aerial of the property with Avra Jain and Terra's David Martin
David Martin, Avra Jain, Joe Del Vecchio sell Miami industrial dev site for $8M
David Martin, Avra Jain, Joe Del Vecchio sell Miami industrial dev site for $8M
Midtown Five with (from top) Magellan CEO David Carlins, Sterling Equities' Fred Wilpon and Saul Katz 
Magellan sells Midtown Miami apartments for $154M
Magellan sells Midtown Miami apartments for $154M
Sotheby’s International Realty agent Jonathan Spears
Check out this Destin pad in the latest episode of Quarantine Cribs
Check out this Destin pad in the latest episode of Quarantine Cribs
3601 North Miami Avenue with Francisco Arocha
Midtown Miami development site in foreclosure hits the market
Midtown Miami development site in foreclosure hits the market
Yard 8 and Wood Partners CEO Joseph Keough (Courtesy of ACRE)
Wood Partners lands $86M refi for Midtown Miami apartments
Wood Partners lands $86M refi for Midtown Miami apartments
arrow_forward_ios

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

Loading...