Elevating North Bay Village: Shoma Group’s Ambitious Condo Project Secures $173 Million Financing

A New Chapter for North Bay Village

In a bold move that signals confidence in Miami’s vibrant real estate landscape, Shoma Group has successfully secured a substantial construction loan of $172.5 million for its latest development, a mixed-use condominium tower located in the picturesque North Bay Village. This ambitious project is poised to redefine the skyline and lifestyle of this unique waterfront enclave.

A Vision Realized

Shoma Group, helmed by the dynamic duo Masoud and Stephanie Shojaee, plans to construct a striking 24-story tower that will house 333 residential units. This development is not merely a residential offering; it integrates a robust retail component designed to enhance community engagement and accessibility. A key feature of the project is a 36,000-square-foot Publix grocery store, a staple that promises to meet the daily needs of future residents and visitors alike.

Strategic Partnerships Fueling Growth

The financing for this significant venture comes from Nuveen Green Capital, which is providing the C-PACE debt essential for construction. The financing was arranged by Newmark Capital Markets Strategies, with a team led by Anthony Orso, Clifford Welden, and Daniel Matz, who skillfully represented Shoma in securing this vital investment.

Architectural Excellence Meets Community Needs

Situated at 1850 John F. Kennedy Causeway, the new tower is poised to take advantage of its prime waterfront location, offering residents stunning views and a luxurious lifestyle. The architectural design promises to blend seamlessly with the surrounding environment while also standing out as a modern landmark in the area. This project reflects a growing trend in Miami where developers are not only focused on building luxury homes but also on creating vibrant communities that serve the broader public.

Investing in Miami’s Future

The real estate market in Miami continues to thrive, driven by a combination of factors including a favorable climate for investment, an influx of affluent new residents, and a diversification of housing options. Developments like Shoma Group’s North Bay Village tower are critical to meeting the demands of this evolving market. As more people are drawn to the area, the need for innovative residential solutions integrated with retail and community spaces becomes increasingly essential.

A Waterfront Lifestyle, Redefined

This new tower not only represents a significant real estate investment but also aligns with the growing demand for waterfront living in Miami. As urban lifestyles evolve, residents are seeking more than just a place to live; they desire an experience that combines convenience, luxury, and community. North Bay Village, with its scenic views and strategic location, is well-positioned to attract those looking for a vibrant, waterfront lifestyle.

Looking Ahead

As Shoma Group embarks on this ambitious project, the implications for North Bay Village and the greater Miami area are profound. The construction of this mixed-use tower is expected to stimulate the local economy, create jobs, and enhance the quality of life for residents. As Miami continues to grow and evolve, developments like these serve as a testament to the city’s resilience and the enduring appeal of its real estate market.

Editorial note: This article was created by A Bit Lavish Miami’s Magazine as an original editorial reinterpretation based on publicly available reporting. Original source: therealdeal.com. Read the original article here: https://therealdeal.com/miami/2026/09/01/shoma-scores-173-million-loan-for-sofla-condo-tower/.
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