Brand Studio
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Shvo Tells VIPS to Invest in Office at Exclusive Gaggenau Event

Pictured: Amir Korangy & Michale Shvo
Pictured: Amir Korangy & Michale Shvo

Earlier this week, the who’s who of South Florida’s development world flocked to Miami’s Design District for an evening of networking and conversation hosted by Gaggenau and The Real Deal. The Gaggenau Experience and Design Center was the perfect setting for the event, which featured a culinary demonstration by Chef James Friedberg of Michelin-starred L’Atelier de Joël Robuchon Miami followed by an intimate conversation between TRD Publisher Amir Korangy and veteran developer Michael Shvo.

Some of the notable attendees included Gil Dezer, Andrew Karcich, Giulia Laugero, Alberto Navarro, Diego Torrealba, Veronica Cervera, Sam Nazarian, Moishe Mana and Dan Vitulli.

Korangy and Shvo came together for the second time in a week to continue their conversation about the future of office in a post-pandemic world. Shvo talked about how the pandemic shook up the CRE space, forcing office devs to create an experience for workers instead of simply putting a nice slab of white marble on the facade and calling it a day.

The prolific developer leveraged this strategy at the recently-reopened Transamerica Pyramid. When he bought the tower, San Francisco’s Downtown was dead, but Shvo understood that he could elevate the tenant experience to create a space where people wanted to be. 

While many devs remain bearish on office, Shvo told the pros in the Gaggenau EDC that, between a growing return to office movement and compression of interest rates, the next 12 months are the best time to buy office. 

The evening ended with a rousing off-the-record Q&A session.

BSH Home Appliances and it’s brands, Bosch, Thermador, and Gaggenau, are the exclusive appliance brands of The Real Deal. To feature your project in the video series Developer Diaries or get involved with events and other activations around the country get in touch with Ross Fox.