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
From left: Mathew Chapman, Michele Kowal, Maryanne Elsaesser and Rhonda Battifarano (NJ Home Navigators)
Christie’s NJ affiliate claims “big win” in agent-poaching dispute with Compass
Christie’s NJ affiliate claims “big win” in agent-poaching dispute with Compass
The Central Warehouse building in Albany (Google Maps)
Major Capital Region developers bid on decrepit Albany warehouse
Major Capital Region developers bid on decrepit Albany warehouse
Paul Pion and the $5 million house (Corcoran, Cantor)
Cantor Fitzgerald exec accused of squatting in Southampton home
Cantor Fitzgerald exec accused of squatting in Southampton home
Peninsula Golf Club (Peninsula Golf NY, Getty)
Oyster Bay eyes eminent domain for Peninsula Golf Club
Oyster Bay eyes eminent domain for Peninsula Golf Club
A view of the West Main Street development site (Google Maps)
Stamford developer to downsize plan after pushback
Stamford developer to downsize plan after pushback
Fair Housing Justice Center President Bernhard Blythe and Eastchester (Blythe Designs, Getty)
Discrimination suit prompts Eastchester to change Section 8 housing policy
Discrimination suit prompts Eastchester to change Section 8 housing policy
The judge granted a temporary restraining order requested by a group of homeowners in the area. (iStock)
East Hampton must bar access to “Truck Beach”
East Hampton must bar access to “Truck Beach”
Mack-Cali Realty CEO Mahbod Nia and River Centre in Red Bank (Mack-Cali)
Mack-Cali offloads Red Bank office complex for $84M
Mack-Cali offloads Red Bank office complex for $84M
arrow_forward_ios

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

Loading...