Joint venture completes successful disposition of newly built Eden West in Tamarac
TAMARAC, FL – Nov. 2, 2023 – EDEN Multifamily, the prolific South Florida developer, and joint venture partner Cypress Equity Investments closed the $73 million sale of the Eden West apartment community in Tamarac, Florida. The venture completed the 212-unit garden-style development this summer.
The transaction closed on Oct. 31. The buyer is 8601 West McNab LLC.
Located at 8601 W. McNab Road, Eden West features a variety of floor plans ranging from 598 to 1,388 square feet, with a mix of studio, one, two and three-bedroom apartments. Amenities include a saltwater pool, fitness center, landscaped area with outdoor fitness equipment, a resident club room and lounge with coworking spaces, electric car charging stations, and open surface parking accommodating 300 spaces.
Eden West was experiencing brisk leasing activity and nearing stabilization at the time of the community’s disposition.
“This transaction is a tremendous outcome for our joint venture,” said EDEN Co-Founder Jay Jacobson. “The sale of Eden West shows that strong investor demand for brand-new apartment product in South Florida still exists, despite the softening occurring in other parts of the nation.”
EDEN has a robust portfolio of nearly 1,200 units under construction across Florida and another 3,000 in the pipeline.
EDEN is actively seeking new development sites for institutional sized multifamily projects throughout Florida. For direct inquiries, contact Tyler Heckaman at This email address is being protected from spambots. You need JavaScript enabled to view it..
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About EDEN Multifamily: A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. In 2022, EDEN Multifamily entered into a strategic partnership with Sterling Equities. Sterling is a New York-based real estate and media investment company that through the past 70 years has developed and invested in thousands of multifamily units, millions of square feet of commercial and industrial properties as well as sports teams and sports media. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. EDEN Multifamily is currently developing over 1,130 units throughout Central and South Florida. For more information, visit www.edenmultifamily.com.
About Cypress Equity Investments: Operating since 2001, Cypress Equity Investments (CEI) is a real estate investment company comprised of professionals who have been executing real estate investment strategies for the past three decades. Since its inception, CEI has been spearheading ground-up and value-add real estate projects in all asset classes, with a specialty in multifamily. The company continues to execute its Class A development and acquisition strategies in top-tier urban markets throughout the U.S. For more information, visit www.cypressequity.com.
Joint venture to develop 430-unit multifamily tower in the Park West district of Miami
MIAMI, FL – EDEN Multifamily, the prolific South Florida developer, is partnering with multifamily developer and investor The Dermot Company to bring a Class-A, luxury rental residential tower to downtown Miami’s Park West district. EDEN and Dermot plan to develop a 44-story, 430-unit high-rise designed by the award-winning architect Kobi Karp.
This development represents the first partnership between Miami-based EDEN and New York-based Dermot. Construction is expected to begin in 2024.
The project site is located at 1018 N. Miami Ave. – immediately west of E11EVEN Hotel and Residences. Plans call for 8,000 square feet of retail space on the tower’s ground floor. The building will also feature more than 25,000 square feet of indoor and outdoor amenity space, including a luxurious pool, fitness center, health-and-wellness areas, club rooms, coworking spaces and much more. The project will be designed, constructed, and operated to the latest ESG investment principles and standards for commercial real estate for resiliency and environmental certification.
The location, amid the preeminent Miami Park West district, allows for convenient access to the Brightline Train Station, which runs from Miami to West Palm Beach and soon to Orlando. Park West is adjacent to the Miami World Center district, which encompasses an area of approximately 24 acres of high-end residential and commercial development. While condominiums have constituted much of the housing inventory in the area to date, rental options have been limited.
“We are thrilled to team up with a best-in-class national partner like Dermot and help address the intense demand for luxury rentals in Miami’s urban core,” said EDEN Co-Founder Jay Jacobson. “With this project, we aim to set the gold standard for multifamily high-rise quality and design in the downtown area.”
“We are proud to partner with EDEN on this residence that will transform the downtown Miami skyline,” said Dermot CEO Stephen Benjamin. “As we continue to build our portfolio in South Florida, aligning ourselves with such a respected and like-minded developer in the local market was a natural next step for us, and co-founders Jay Jacobson and Jay Massirman have one of the most impeccable records in the business.”
Greenberg Traurig is representing the joint venture in the land-use process. Jordan Karp LLC brokered the pending acquisition of the project site.
The project is scheduled to be presented to the City of Miami’s Urban Development Review Board during its April 19 meeting.
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About EDEN Multifamily
A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. In 2022, EDEN Multifamily entered into a strategic partnership with Sterling Equities. Sterling is a New York-based real estate and media investment company that through the past 70 years has developed and invested in thousands of multifamily units, millions of square feet of commercial and industrial properties as well as sports teams and sports media. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. EDEN Multifamily is currently developing over 1,130 units throughout Central and South Florida. For more information, visit www.edenmultifamily.com.
About The Dermot Company
Formed in 1991 as a real estate investment and management company focused on multi-family sector opportunities, Dermot today is a vertically integrated owner, operator and developer experienced in all facets of the industry. We have the flexibility to manage any type of project, from ground-up development and buy & hold strategies to turnaround situations and adaptive reuse. www.dermotcompany.com
Executive brings substantial experience sourcing large-scale development opportunities to premier developer
MIAMI, FL – Sept. 16, 2022 – Leading developer EDEN Multifamily, the joint venture formed by Jay Jacobson and Jay Massirman, made a key new hire with the arrival of Tyler Heckaman as Director of Land Acquisition. Based in Miami, Heckaman is responsible for sourcing new acquisition opportunities and supporting EDEN’s entitlement, market analysis, underwriting and operations.
EDEN focuses on developing and delivering innovative, industry leading multifamily communities that serve a wide range of economic sectors. It is in the midst of a major national expansion.
“Tyler is a talented and experienced real estate professional who is quite familiar with EDEN’s mission,” EDEN President Jay Jacobson said. “He will be instrumental in identifying and securing the right sites for us to meet the intense demand for new multifamily product across many high-growth markets.”
Heckaman has deep ties to Massirman’s Rivergate family of companies.
The Miami native was previously Senior Vice President – Head of Acquisitions for the former MCSS Development and Investment LLC (now known as Basis Industrial). He started with MCSS as an acquisitions associate in January 2017 before earning a promotion to Vice President of Development two years later. In March 2022, he was promoted again to his most recent role.
A Florida State University graduate, Heckaman earned a bachelor’s degree in Economics. He also served as an intern within Rivergate.
“I am thrilled to enter the next chapter of my career by joining EDEN,” Heckaman said. “The timing could not be better, as EDEN is poised for significant growth throughout Florida and beyond.”
Heckaman’s arrival comes as EDEN advances its expansion plans. The company just announced the opening of a new regional office in the Charlotte area to serve key Southeast and Mid-Atlantic U.S. markets. EDEN tapped seasoned industry executive Scott Phillips to lead the effort.
EDEN’s existing pipeline of 2022 construction starts totals more than $750 million and is expected to exceed $1.2 billion by mid-2023, reflecting scheduled groundbreakings of surface-parked, mid-rise and high-rise communities during that timeframe.
In May 2022, EDEN announced a new joint venture with Sterling Equities, a major real estate investment, management and development company. Sterling has developed or invested in more than 65,000 residential units over the past half-century. The partnership enhances EDEN’s ability to expand its successful platform across its current markets and select new markets.
EDEN is actively seeking new development sites between throughout its target markets. Suitable land or redevelopment sites range from one acre for high-rise projects to three-to-five acres for mid-rise projects and five-to-15 acres for garden-style apartments with surface parking. For direct inquiries, contact Heckaman at This email address is being protected from spambots. You need JavaScript enabled to view it..
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About EDEN Multifamily: A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. Eden Multifamily recently entered into a strategic partnership with Sterling Equities. Sterling is a New York-based real estate and media investment company that through the past 70 years has developed and invested in thousands of multifamily units, millions of square feet of commercial and industrial properties as well as sports teams and sports media. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. Eden Multifamily is currently developing over 1,130 units throughout central and South Florida. For more information, visit www.edenmultifamily.com.
Seasoned executive to oversee Florida-based developer’s expansion across Southeast, Mid-Atlantic states
CHARLOTTE, NC – Sept. 6, 2022 – Leading developer EDEN Multifamily is poised for significant expansion across key Southeast and Mid-Atlantic U.S. markets. The Florida-based developer just opened a new regional office in the Charlotte area and tapped seasoned industry executive Scott Phillips to lead the effort.
Phillips, EDEN’s new Senior Vice President – Mid-Atlantic Development, brings more than three decades of commercial real estate and banking experience to the company. He plans to build a team in the coming months as EDEN advances projects in select markets across North Carolina, South Carolina, Tennessee, Georgia and Virginia.
EDEN focuses on developing and delivering innovative, industry leading multifamily communities that serve a wide range of economic sectors. Its new office is located at 52A Ervin St. in Belmont, North Carolina – just west of Charlotte.
“Scott is the ideal person to oversee our substantial growth plans in a thoughtful fashion,” EDEN President Jay Jacobson said. “His vast experience transcends all aspects of real estate acquisitions, development, underwriting, financing and beyond. We are excited to welcome him to the EDEN family.”
Prior to joining EDEN, Phillips spent 27 years with Bank of America, ascending to a leadership role with the bank’s East Region executive team catering to commercial real estate companies with traditional bank products including debt, cash management, IRP (Interest Rate Parity) and FX (Foreign Exchange) services. He also served as Senior Vice President for Acquisitions and Development with Charlotte-based Lat Purser & Associates and was a real estate broker.
Phillips earned a bachelor’s degree in Business Administration from the University of North Carolina-Charlotte. He is actively involved in numerous commercial real estate organizations, including NAIOP, where he was a past Chairman, ULI and ICSC.
“Jay Jacobson and Jay Massirman have truly built something special with EDEN Multifamily,” Phillips said. “I am excited to have the opportunity to play a pivotal role in the continued expansion of the company. I look forward to leveraging my experience and relationships to accelerate EDEN’s ambitious growth plans.”
Massirman also co-founded Charlotte-based RKW Residential, one of the fastest-growing multifamily management firms in the nation. RKW oversees leasing and management of many of EDEN’s communities.
EDEN’s existing pipeline of 2022 construction starts totals more than $750 million and is expected to exceed $1.2 billion by mid-2023, reflecting scheduled groundbreakings of surface-parked, mid-rise and high-rise communities during that timeframe.
In May 2022, EDEN announced a new joint venture with Sterling Equities, a major real estate investment, management and development company. Sterling has developed or invested in more than 65,000 residential units over the past half-century. The partnership enhances EDEN’s ability to expand its successful platform across its current markets and select new markets.
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About EDEN Multifamily: A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. Eden Multifamily is currently developing over 1,130 units throughout central and South Florida. For more information, visit www.edenmultifamily.com.
MIAMI – (August 3, 2022) – ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services, has announced the topping out of EDEN West, a 212-unit garden-style multifamily development in the City of Tamarac, FL.
The topping out represents a milestone in the construction process for the apartment community, which includes two 4-story buildings offering Class A apartment units. Amenities to include a saltwater pool, a fitness center, a clubhouse, a dog park, a grilling area, and over 360 parking spaces. Located on the northeast corner of W McNab Road and Pine Island Road, EDEN West has excellent proximity to the Sawgrass Expressway and the Florida Turnpike.
“We are excited to reach this construction milestone in topping out on this project as our team has worked steadily to reach this landmark,” said Al Fernandez, president of ANF Group. “We are grateful for partnering with EDEN Multifamily and Cypress Equity Investments on this development and look forward to completing this project as demand for apartments continues to be on the rise.”
Developed by EDEN Multifamily industry veterans Jay Jacobson and Jay Massirman and Cypress Equity Investments, EDEN West apartments are expected to be completed in Q4 of 2022. In addition to EDEN West, ANF has other apartment communities under construction in the South Florida area including Madison Point Apartments in Naranja and Natura Gardens in northwest Miami-Dade County, The Legacy at Tamarac and Vista Verde at Sunrise.
Founded in 1981, ANF Group is a family-owned and operated business led by Alberto Fernandez, Jr., Nelson Fernandez, and Alberto Gil. While continuing to maintain its healthcare-sector focus, the firm continues to expand into multifamily, residential, and industrial spaces.
Since 1981 ANF Group, Inc. has been providing quality preconstruction, construction management, general contracting, development, and design-build services to the South Florida Market. ANF is an industry leader in commercial, multi-family, and education construction, and has played a vital role in the highly specialized niche of healthcare construction with expertise working on active campuses, laboratories, and research facilities. With more than 40 years in the construction industry, ANF is a family-owned and operated business whose expertise, professionalism, and meticulous work ethic have made them one of South Florida's most respected construction firms. For more information visit www.anfgroup.com.
Partnership with renowned New York-based real estate company enables Miami-based developer to significantly expand project and investment pipeline
MIAMI, FL – Leading developer EDEN Multifamily has formed a joint venture with Sterling Equities, a major real estate investment, management and development company. The new partnership positions EDEN, founded by industry veterans Jay Jacobson and Jay Massirman, to expand its multifamily development and investment platform throughout the Southeast U.S.
The partnership enhances EDEN’s ability to expand its successful platform across its current markets, with future expansion plans throughout select U.S. markets.
Headquartered in Miami with a regional office set to open in Charlotte, EDEN focuses on developing and delivering innovative, industry leading multifamily communities that serve a wide range of economic sectors.
Sterling Equities is the vertically integrated real estate investment, management and development company of the New York-based Katz & Wilpon families. The company focuses on investments and ventures throughout major urban markets in the U.S. that include residential, commercial and industrial properties, along with strategic investments in sports and media related ventures, including the New York Mets, SportsNet New York, Esports and various real estate-focused equity and VC funds.
“This exciting partnership with Sterling Equities will allow EDEN to continue our unparalleled growth in a thoughtful fashion, drawing upon Sterling’s 60-year history of investing in – and developing – residential, commercial and industrial properties throughout the country,” Jacobson said. “The partnership will utilize Sterling’s extraordinary financial strength, investment experience and knowledge.”
EDEN’s existing pipeline of 2022 construction starts totals more than $750 million and is expected to exceed $1.2 billion by mid-2023, reflecting scheduled groundbreakings of surface-parked, mid-rise and high-rise communities during that timeframe.
“Partnering with Sterling Equities is a pivotal endorsement of everything Jay and I have worked on over the last seven years,” Massirman said. “It also puts us in position to address the glaring need for multifamily housing solutions in high-growth markets at an even greater scale.”
Sterling Equities has developed or invested in more than 65,000 residential units over the past half-century. The company is actively acquiring and developing multifamily communities, including in South Florida where it recently purchased Solmar on Sixth in Fort Lauderdale, 1333 South Ocean in Pompano Beach and Midtown Five in Miami.
“This partnership is the product of a long-term relationship with Jay Jacobson and Jay Massirman and our respect for their impeccable track record,” Sterling Equities Partner Todd Katz said. “Our multifamily investment thesis matches up seamlessly with EDEN’s. We are excited to leverage our integrated platform and relationships for the benefit of this new partnership.”
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About EDEN Multifamily: A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. Eden Multifamily is currently developing over 1,130 units throughout central and South Florida. For more information, visit www.edenmultifamily.com.
About Sterling Equities: Sterling Equities is a fully integrated real estate operating company with a long track record of creating value. Since 1972, Sterling Equities has successfully performed every role in the real estate value chain: developer, owner, investor, construction manager, advisor, borrower, joint-venture partner and fund operator. This broad diversity of experience has enabled Sterling Equities to build specialized, yet complementary, skill sets that make the entire organization more effective. Sterling Equities, directly and through its investment funds, has acquired, developed or co-developed approximately 35.2 million square feet of real estate. For more information, visit www.sterlingequities.com.
