Real estate industry veteran bolsters premier multifamily developer’s growing team

Leading developer EDEN Multifamily, founded by industry veterans Jay Massirman and Jay Jacobson, have announced a significant addition to the company’s growing team. Experienced real estate professional Evans Gedeon has joined EDEN as Senior Financial Analyst.

Gedeon, who has broad knowledge in multifamily, residential and commercial real estate investments, will be involved with the acquisition and development of several EDEN residential projects as well as providing crucial financial analysis and market research. His arrival comes at a time when EDEN and its partners have a substantial pipeline of planned multifamily projects, with over 2,300 units in Fort Lauderdale, Tamarac, Coral Springs, Orlando and Port Orange.

Over the course of his career, Gedeon has successfully financed and managed several commercial real estate projects totaling over $300 million dollars with various complexities and capital structures. His experience includes acquisitions, development, and commercial and residential real estate lending.

“We are thrilled to welcome Evans, who has been involved in all aspects of real estate transactions and development,” said Jay Jacobson, president of EDEN. “His perspective will be integral as our company moves forward with a robust pipeline of activity in 2019 and beyond.”

Prior to EDEN, Gedeon worked at Trez Forman Capital as a Senior Associate and at Altman Development Corporation as a Senior Financial Analyst. At Altman, he worked directly with the executives and owners of the company to provide financial analysis, market research, coordination of design professionals and project management for ground-up multifamily developments.

Gedeon holds a Bachelor of Business Administration in Finance from Florida Atlantic University and a master’s degree in Real Estate Development from Nova Southeastern University.

He is a Licensed Mortgage Loan Originator and Real Estate Agent. Gedeon is also an active member of NAIOP, Urban Land Institute, Real Estate Lenders Association, and Nova Southeastern University Real Estate Alumni Association.

Leading developer EDEN Multifamily has completed construction of Lazul, an 8-story, 349-unit apartment building at 2145 Northeast 164th Street in the heart of North Miami Beach. EDEN has obtained a temporary certificate of occupancy (TCO) from the City of North Miami Beach and is facilitating resident move-ins and property tours.

Lazul is the most recent completed development for EDEN, the Miami-based joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson. EDEN and its partners have a substantial pipeline of planned multifamily projects, with over 2,300 units in Tamarac, Coral Springs, Orlando, Port Orange and a 374-unit, 32-story tower steps away from Las Olas Boulevard in Fort Lauderdale.

Pinnacle Living is handling leasing and management at Lazul. A furnished model residence has been unveiled, and the opening of the clubhouse and permanent leasing office is expected in the coming days.

In the meantime, a temporary on-site leasing office is open at 2231 NE 164th Street - across West Dixie Highway from the property. It has examples of unit flooring and kitchen features on display to give prospective residents a first-hand look at the high-end finishes.

Lazul represents a significant milestone for the City of North Miami Beach, which is experiencing a renaissance following the 2015 completion of the City’s Mixed Use Town Center zoning district.

“The completion of Lazul is a special moment for everyone at EDEN,” said EDEN President and CEO Jay Jacobson. “It is thrilling to play a key role in the evolution of the Mixed Use Town Center district. Our leasing momentum has been strong, which highlights the pent-up demand for high-end rental inventory in the city.”

Lazul includes studio, one-, two- and three-bedroom apartments, two-story townhomes, an eight-story parking garage and ground-floor commercial space. Building amenities include an inner courtyard with a heated pool, an elevated sundeck seating area with a firepit, community rooms, automated package delivery system, a state-of-the-art fitness center with a yoga/spin room and a dog walk and grooming area. Common area Wi-Fi and large community gathering spaces will be a dynamic feature of the community.

EDEN has also enhanced the public greenspace along the Snake Creek Canal with extensive landscaping, public seating, a walking path/bikeway and a significant public art installation which will become the focal point of this part of North Miami Beach.

MSA Architects is the project’s architect, with Bruce Howard and Associates providing landscape architecture and ID & Design International as the interior designer. Coastal Construction is the project’s general contractor.

For more information about Lazul, visit https://livelazul.com. 

Developer on track for fall 2018 grand opening of 349-unit Lazul Apartments

Leading developer EDEN Multifamily has announced the launch of pre-leasing for Lazul, an 8-story, 349-unit apartment building at 2145 Northeast 164th Street in the heart of North Miami Beach. Lazul is on schedule to be completed and open for residents this October.

Pinnacle Living is handling leasing and management at Lazul. A temporary on-site leasing office is open, located across West Dixie Highway from the property and located at 2231 NE 164th Street with examples of unit flooring and kitchen features on display to give prospective residents a first-hand look at the high-end finishes. 

“We have been getting so many calls and messages from individuals and families who are interested in renting at Lazul,” said EDEN President and CEO Jay Jacobson. “Those inquiries underscore the pent-up demand for rental apartments in the North Miami Beach Mixed Use Town Center District. We are thrilled to officially launch our leasing program.”

Lazul is EDEN’s first development in North Miami Beach and represents a significant milestone for the city, which is experiencing a renaissance following the 2015 completion of the City’s Mixed Use Town Center zoning district.

Lazul includes studio, one-, two- and three-bedroom apartments, two story townhomes, an 8-story parking garage and ground-floor commercial space. Building amenities include an inner courtyard with a heated pool, an elevated sundeck seating area with a firepit, community rooms, automated package delivery system, a state-of-the-art fitness center with a yoga/spin room and a dog walk and grooming area. Common area Wi-Fi and large community gathering spaces will be a dynamic feature of the community.

EDEN has also enhanced the public greenspace along the Snake Creek Canal with extensive landscaping, public seating, a walking path/bikeway and a significant public art installation which will become the focal point of this part of North Miami Beach.

MSA Architects is the project’s architect, with Bruce Howard and Associates providing landscape architecture and ID& Design International as the interior designer. Coastal Construction is the project’s general contractor.

For more information about Lazul, visit https://livelazul.com.  

Real estate holding company and its multifamily and self-storage development joint ventures add three talented industry professionals to accommodate overall growth

 Rivergate Companies, the Miami-based real estate holding company founded by industry veteran Jay Massirman, and its joint ventures EDEN Multifamily and Miami City Self Storage (MCSS) have each expanded with critical new additions to support the overall growth of the companies.

Marc Chasin has joined Rivergate as Corporate Development Associate, a newly formed position. Chasin’s responsibilities include organizing and coordinating with team members, partners and clients, and serving as a liaison for Rivergate partners EDEN, MCSS and multifamily property management firm RKW RESIDENTIAL.

Chasin earned a bachelor’s degree in Business Administration from Ithaca College, where he also spent four years as a starting guard on the basketball team – three of them as team captain. He finished his Ithaca career as fourth all-time in points scored and 10th in assists.

EDEN has added Jerry Aguirre as Developer Associate. He is focusing on sourcing and identifying acquisition opportunities, project underwriting, target market research and data analytics. Aguirre’s arrival comes at a busy time for EDEN, which is nearing completion of the 349-unit Lazul apartment building in North Miami Beach and planning a 374-unit apartment tower in downtown Fort Lauderdale.

Aguirre graduated from Bentley University with a bachelor’s degree in Finance and earned a master’s degree in Entrepreneurial Leadership from Babson University.

Tyler Heckaman has joined MCSS as Acquisitions Associate, specializing in sourcing and identifying acquisition opportunities, project underwriting, target market research and data analytics. MCSS has seven self-storage projects in the pipeline in Miami-Dade and Broward counties and is on track to develop more than 1.5 million square feet in South Florida.

Heckaman graduated from Florida State University with a bachelor’s degree in Economics.

Chasin, Aguirre and Heckaman are all Miami natives. Each previously served as interns within the Rivergate family of companies.

“We are thrilled to enhance our teams at Rivergate, EDEN and MCSS with these new hires,” Massirman said. “I have seen tremendous growth from these three individuals over the past several years and have no doubt they will add value to our ventures. We continue to selectively look for talented and dedicated professionals to support our expansion.”

Joint venture plans 32-story, 374-unit rental tower in the heart of downtown Fort Lauderdale

FORT LAUDERDALE, FL – CE Development Partners, a joint venture between leading developers EDEN Multifamily and Cypress Equity Investments, have completed the acquisition of a 1.55-acre site in the heart of downtown Fort Lauderdale for the development of a premier rental apartment community. CE Development Partners plans to build a 32-story, 374-unit tower on the property located at 419 Southeast Second Street – just steps away from popular Las Olas Boulevard.

The partnership closed on the acquisition March 9, according to EDEN Multifamily CEO Jay Jacobson. The site was previously operated as a parking lot.

CE Development’s project will also include ground-floor retail space and an adjacent parking garage. The tower’s architectural design is modern with sleek lines, wraparound balconies and floor-to-ceiling glass in amenity areas and certain residential locations. Residents will find a highly amenitized building that will feature the first private urban park in the downtown area with a four-story waterfall, open community gathering spaces surrounding the building, state-of-the-art exercise facilities, golf simulator, yoga studio, peloton facility, a bicycle storage and repair shop and state-of-the-art delivery lockers including refrigerated storage for grocery deliveries.

The project will be distinguished by the latest green technology operating all HVAC and electrical systems. Residents will also find a private sky lounge located on the 32nd floor with sweeping city views.

“We are thrilled to complete this transaction and move forward with a project that should be very well received by the downtown market,” Jacobson said. “It’s no secret that renters of all ages are flocking to downtown Fort Lauderdale, which is experiencing an evolution into a true 24-hour neighborhood.”

Construction is expected to start during the fourth quarter of 2018.

The project site is surrounded by 1 million square feet of retail and entertainment space, more than 5 million square feet of office space and tens of thousands of jobs.

In January, EDEN topped off construction of NOMA, an 8-story, 354-unit apartment building at 2145 Northeast 164th Street in the heart of North Miami Beach. NOMA is scheduled to be completed in fall 2018.

“We continue to look for opportunities to develop apartments in underserved and overlooked neighborhoods,” Jacobson said. “We expect the South Florida multifamily market to remain strong and ripe for new construction.”

For more information about CE Development’s project and updates on EDEN’s other projects, visit www.edenmultifamily.com.