The Dezer family is built on love – love of family and love of delivering some of the highest-quality real estate in the country.
That’s why it was a real pleasure to have Dezer Development President Gil Dezer – and his two young daughters – visit the Fried On Business program to discuss the state of Super Luxe condo development.
First, a bit of history. Dezer Development is heavily involved in branded projects, and Gil Dezer led the Trump Organization’s first foray into the South Florida real estate market through the successful development of Trump Grande Ocean Resort and Residences and Trump Towers in Sunny Isles Beach.
In total, the company has completed six Trump-branded buildings.
Then, in 2012, Dezer announced a master licensing agreement with Germany-based Porsche Design Group to expand the brand’s reach into the residential real estate market. The venture’s first project – Porsche Design Tower- is a 60-story ultra-luxury tower showcasing a one-of-a-kind patented robotic parking system, the “Dezervator”, which will allow owners to park their vehicles in “sky garages” directly next to their units.
Of the building’s 132 units, 127 were sold before construction began. 97 have already closed.
Now, if you think the idea of a “sky garage” sounds a little frightening, just eyeball the video on YouTube. Your concerns will be allayed, I promise.
Most recently, Dezer Development and The Related Group have partnered with the iconic fashion and furnishings designer, Giorgio Armani, to launch his first-ever residential tower, Residences by Armani/Casa.
The loan closed about six months ago, Dezer said, and crews have just finished pouring the foundation. It’s about 70 percent pre-sold, and construction is expected to take about 36 months.
There are some ongoing projects, too. The company just successfully concluded a 10-year effort to buy property across from the Thunderbird hotel at 184th and Collins Avenue. The L-shaped piece comprises six acres on the Intracoastal Waterway, and the deal also includes 13 acres of submerged land that will become a 250-slip marina.
“Never miss an opportunity to buy your neighbor,” Dezer said.
And for the Intracoastal Mall property on Northeast 163rd St. in North Miami Beach, design is under way on a mixed-use redevelopment project zoned for 2,000 apartments, 600,000 square feet of retail, a marina and a connection to the Oleta River State Park.
The project should become a natural continuation of what has happened in Bal Harbor, Golden Beach and Aventura, Dezer said.
“This neighborhood should be the real crown jewel of the three of them, and so we placed a large investment there,” he said, adding that the company is well-positioned for development in the future.
“We have enough land to keep building for the next 20 years without buying anything else,” he said.
Dezer and I discussed a lot more, including:
– Dezer’s acquisition of 11 waterfront acres in Hillsborough County at a bargain price.
– Dezer’s real estate company.
– The affect of Donald Trump’s election to the U.S. presidency on the Dezer companies.
Click here to listen to the full interview with Gil Dezer of Dezer Development. To learn more about the company, visit dezerdevelopment.com.
