Saturday, March 4, 2017

Developers Merge to Create Plaza Equity Partners in Miami, FL


                                             From left:  George Helmstetter, Neil Fairman
                                                      and Anthony Burns

Miami, FL  – Developers behind the highly successful Marina Palms Yacht Club & Residences condominium project in North Miami Beach—The Plaza Group and the DevStar Group—have merged to create Plaza Equity Partners.

The new firm delivers market-leading, full-spectrum real estate related services including development, sales, property management and lending.  The company consists of a veteran team of talented professionals including architects, accountants, engineers, brokers, bankers and developers.

Marina Palms Yacht Club & Residences,
 North Miami Beach, FL
“This union combines the best of two unique organizations ideally suited and positioned to deliver unparalleled service and quality to domestic and international partners and investors,” said Neil Fairman, chairman of the new company and former president of The Plaza Group.

  In addition to Marina Palms, The Plaza Group developed the luxurious Palms in Fort Lauderdale and Ocean Palms in Hollywood Beach, as well as other major commercial developments in South Florida and Canada.

“We are capable of executing on complex transactions in a very short period of time given our wide range of real estate development, sales and financing acumen,” said Anthony Burns, who, along with George Helmstetter, will be co-presidents of the new company.

The two formed DevStar as they started development of Marina Palms. Their prior successes included the redevelopment of Paramount Bay in Miami’s Edgewater District and Ocean House in Miami Beach’s South of Fifth Neighborhood.

“During the planning, construction and sales of Marina Palms, we accomplished more than just delivering Miami’s first luxury condominium and marina destination in over two decades,” Helmstetter added. “We realized our synergies would lead to a formidable, ongoing partnership allowing us to capitalize on a wide array of new investment opportunities.”

Ocean House Condos, South Miami Beach
Plaza Equity Partners provides full-service development, sales and project management services featuring planning and development, construction management and in-house sales and marketing. 

In addition, its lending platform is designed to originate bridge loans for borrowers who are in need of innovative capital.
Located in the SunTrust International Center in downtown Miami, Plaza Equity Partners is pursuing several new opportunities, including a mixed-use commercial project in Aventura and in Miami.

Meanwhile, Marina Palms Yacht Club & Residences completed construction on its second and final tower branded The Reserve at Marina Palms. The Reserve takes the very best of South Florida living by enriching every moment with greater rewards – most coveted views, premium finishes, upgraded amenities and enhanced personal services.  The building has a few select residences available for sale.

The 112-slip, full-service marina accommodating yachts up to 100 feet has a full time Yacht Club Concierge and features an exclusive boat club for residents.

For a complete copy of the company’s news release, please contact:

Ashley Fierman
Senior Account Executive, BoardroomPR

O 954-370-8999
C 954-330-1554
Bank of America Plaza | 1776 N. Pine Island Road
Suite 320 | Plantation, FL 33322

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