Ten30 South Beach, an enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, is doubling down as a wave of recent buyer demand for larger units has created a series of new bespoke floorplans throughout the boutique project.

Originally planned as a curated collection of 43 units, primarily focused on one- and two-bedroom condominiums, the project has seen a surge in interest from out-of-state buyers looking to relocate to South Florida and requesting larger three-bedroom units. Catering to this uptick in buyers who prefer the intimacy and exclusivity of a boutique building yet also seeking the turnkey appeal and size of a single-family home, developers along with the project’s exclusive residential brokerage, Fortune Development Sales, are seeing a growing trend as many new buyers have purchased multiple units with plans to combine them and update the floorplans to create larger units to enjoy.

As a result, Ten30 South Beach will offer even more exclusivity with just 33 supersized units when completed this summer. With more than 75 percent of units under contract, buyers are taking note of the idyllic offerings at Ten30 South Beach and the flexibility to upgrade their units to create larger spaces with layouts they feel best accommodate their desired lifestyle.  

“Sales at Ten30 South Beach have certainly reached a peak the past few weeks. What we find most compelling is almost all of our latest buyers are combining units to create three-bedroom floorplans or larger. The pandemic has changed people’s buying trends and as they spend more time at home they’re seeking additional space to entertain and to be able to work from home along with more exclusivity,” said Masoud Shojaee, President and CEO of Shoma Group. “What started out as a boutique building is now even more exclusive than before as we’ve reduced the number of units to adapt to this growing demand.”

“Buyers are recognizing that we’re offering a very niche project. We sold out of our two-bedroom units very quickly, and had to create more,” said Stephanie Shojaee, Chief Marketing Officer of Shoma Group. “Due to Shoma’s technological advances, we were able to swiftly adjust even at such late stages in the project.”

“At Ten30 South Beach, we’ve found strong demand from out-of-state buyers – mainly from New York and California – and yet had limited inventory of what they were requesting,” said Edgardo Defortuna, President and CEO of Fortune International Group. “There’s certainly a sense of urgency in the buyers we’re seeing as they’re looking to move to South Florida now. Ten30 South Beach is ideally timed to meet this groundswell with delivery set for this summer.”

Nestled in one of South Beach’s most vibrant neighborhoods, the project offers the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach.

Primed for pure relaxation and a healthy lifestyle, Ten30 South Beach will feature a uniquely sumptuous saltwater rosé-colored pool situated on a sprawling 6,000 square-foot rooftop deck. Additional upscale amenities include a lounge and outdoor kitchen area complete with barbecue and yoga space, as well as a dual gym showcasing spinning and treads with Pilates reformers and rock-climbing.

Positioning itself as an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten30 South Beach offers one-, two- and three-bedroom units as well as penthouses with expansive private rooftop terraces. Kitchens epitomize modern elegance and functionality with Italian cabinetry and premium appliances, and designer finishes throughout compliment the spacious master bedrooms that boast a unique open bathroom concept. With state-of-the-art technology and high-end finishes, residences are priced from the high $500’s with low association fees starting at $391 per month.

Located at 1030 15th Street, Ten30 South Beach is just minutes away from the famed Lincoln Road shopping district and top dining experiences at Sunset Harbor. The project is also just steps from 36-acre Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park dog park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children's playground.

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

Ten30 South Beach, a curated collection of 43 one-, two-, and three-bedroom condominiums nestled in one of South Beach’s most vibrant neighborhoods, is quickly selling out its inventory as demand for Miami luxury real estate heightens.

An enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, sales for the four-story boutique development have been fueled by the momentum received from the project’s top off in December and upcoming imminent opening this summer. Shoma Group along with the project’s exclusive residential brokerage, Fortune Development Sales, have reported a record pace for sales with 10 units sold in just 15 days. Ten30 South Beach now has more than 75 percent of its residences under contract as sales continue to climb. 

“As the tide of Northeasterners and West Coast residents from states like California rise in Miami seeking all that South Florida has to offer, the extraordinary demand we’ve recently experienced certainly stands out,” said Masoud Shojaee, President and CEO of Shoma Group. “The popularity of luxury boutique residential real estate has certainly risen this year as buyers are seeking less dense living along with larger units and outdoor spaces. Ten30 South Beach is front-and-center as an idyllic offering to fill that need and is well-positioned from a large slate of new offerings.”

“Buyers are taking notice of Ten30 South Beach. With the project set to be completed very soon it provides a significant competitive edge and is an important selling point for those who want to move here now,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Offering the privacy of a single-family home, with the turnkey appeal and convenience of a condominium, we have seen pent-up demand for this unique type of boutique product and are confident that sales will continue to reflect this.” 

Set to open to residents this summer, the project offers the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. For Ten30 residents to leisurely explore the neighborhood and savor South Beach, the developer recently debuted a unique offering of a Vespa at closing for new buyers on select units. Gifted with a voucher at closing, buyers will be able to choose from a premiere lineup of models from the world’s most iconic scooter brand that can easily be stored in their private, covered parking space.

“The sales pace we’ve seen the last few weeks has been nothing short of incredible,” said Stephanie Shojaee, Chief Marketing Officer of Shoma Group. “Several of our recent buyers have purchased multiple units with plans to combine them and update the floorplans to create larger units to enjoy. This is a consistent trend we’ve seen throughout the project as more and more buyers are seeking larger units along with rooftop terraces. We originally were seeing several second home buyers, but are now seeing many people who are looking to relocate permanently and want space to entertain.”

Primed for pure relaxation and a healthy lifestyle, Ten30 South Beach also recently introduced plans for its saltwater rosé-colored rooftop pool. Situated on a sprawling 6,000 square-foot rooftop deck, Ten30’s idyllic pool offers a restful retreat to relax and recharge with the added health benefits of the salt water that includes improved wellness with increased buoyancy reducing the weight of gravity on joints and muscles, soothing tension, and a gentler overall experience. Also, fewer chemicals means less irritation on skin and eyes, and the water feels softer, smoother, and purer than water sanitized using a traditional system.

Additional upscale amenities include a lounge and outdoor kitchen area complete with barbecue and yoga space, as well as a dual gym showcasing spinning and treads with Pilates reformers and rock-climbing. The well-appointed condominiums offer a variety of floor plans each with state-of-the-art technology and high-end finishes.

Positioning itself as an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten30 South Beach offers one-, two- and three-bedroom units with expansive private rooftop terraces. Kitchens epitomize modern elegance and functionality with Italian cabinetry and premium appliances, and designer finishes throughout compliment the spacious master bedrooms that boast a unique open bathroom concept. Residences are priced from the $500’s with low association fees of less than $400 per month. 

Located at 1030 15th Street, Ten30 South Beach is just minutes away from the famed Lincoln Road shopping district and top dining experiences at Sunset Harbor. The project is also just steps from 36-acre Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park dog park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground.  

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

Ten30 South Beach, an enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, announced today it has officially topped off construction.

On schedule to open in the second quarter of 2021, the four-story building features 43 sophisticated residences. Situated in a prime Miami Beach location just minutes away from the famed Lincoln Road shopping district and top dining experiences at Sunset Harbor, the exquisite, contemporary condominiums offer a variety of floor plans each with state-of-the-art technology and high-end finishes.

Shoma Group alongside the project’s exclusive sales broker Fortune Development Sales, commemorated the momentous occasion and new addition to iconic South Beach with a socially distanced construction beam signing joined by leading real estate brokers, VIPs, community leaders and partners involved in the project. Following the topping off ceremony at Ten30 South Beach, guests enjoyed a reception with cocktails, music and hors d’oeuvres at the newly opened sales gallery at 1116 15th Street to mark the highpoint of the project.

“We’re extremely proud to celebrate this construction milestone and cannot be more pleased to be one step closer to completion. Seeing Ten30 begin to take shape is a stunning moment for our team as it underscores the continued progress as we bring this compelling project to life,” said Masoud Shojaee, President and CEO of Shoma Group. “We look forward to delivering Ten30 South Beach and welcoming our residents in the new year.”

A perfect ten and then some, the project offers the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. Once completed, residents will enjoy Ten30’s enhanced level of design and a myriad of upscale amenities including a sprawling 6,000 square-foot rooftop deck with a rosé-colored pool, a dual gym showcasing spinning and treads with Pilates reformers and rock-climbing, as well as a lounge and outdoor kitchen area complete with barbecue and yoga space.

“Ten30’s contemporary residences offer buyers a truly refined and elevated living experience with thoughtfully designed layouts in the heart of South Beach,” said Edgardo Defortuna, President and CEO of Fortune International Group. “We’ve continued to see a strong interest from prospective buyers locally, internationally and particularly from the Northeast, and we look forward to continuing our forward momentum.”

Positioning itself as an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten30 South Beach offers studios, one- and two-bedroom units with expansive terraces. Kitchens epitomize modern elegance and functionality with Italian cabinetry and premium appliances, and designer finishes throughout compliment the spacious master bedrooms that boast a unique open bathroom concept. Residences are priced from the $400’s with low association fees of less than $400 per month. Ten30 is equipped for all of residents’ smart-technology needs, and covered parking is reserved for each residence. 

Echoing the beauty of its surroundings, Ten30 will feature greenery, natural woods and finished concrete throughout. Designed by architectural and interior design firm Saladino Design Studios, the outdoor courtyard by the building’s entrance is highlighted by a lounge area and a living green wall. The lobby interiors will showcase colorful, eclectic, Mid-Century stylish furniture and artwork.

Located at 1030 15th Street, Ten30 South Beach is also just steps from 36-acre Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground. 

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

Ten30 South Beach, an enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, broke the conventional mold of a sales gallery unveiling when it hosted a socially distanced open house in celebration of the boutique residences.

Fortune Development Sales rolled out the red carpet for nearly 75 top area brokers over two days to celebrate the unveiling of Ten30 South Beach’s sales gallery with luxe cocktails and take-home delicacies, as guests were treated to the first in-person look at the refined finishes at the four-story project’s 43 exquisite residences.

“The new sales gallery offers an up-close opportunity for buyers to see – and even feel – what it’s like to live in one of Ten30’s residences,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The contemporary design and interactive features are overall reflections of the unparalleled lifestyle that will be offered as we introduce this unique development to Miami Beach.”

As the first celebratory gathering at the sleek sales center designed by Shoma Interior Design, those in attendance experienced the sophisticated technology at Ten30 South Beach – a hallmark of the project – including Latch doors, Ecobee thermostat systems, Bluetooth enabled keyless entry with cameras that offer complete control through a homeowner’s mobile phone, as well as the Samsung Family Hub refrigerator, which allows residents to send messages, order Uber rides, play music or see inside their fridge and browse the internet for recipes using available ingredients.

Also on display at the new sales gallery is a full model kitchen featuring the Italian-designed chef caliber offerings, as well as premium appliances that will define daily living in the boutique building. The sales gallery is located adjacent to the project site at 1116 15th Street, Miami Beach, FL 33139.

“We’re very pleased to welcome brokers and prospective buyers to experience Ten30 South Beach with our new sales gallery,” said Masoud Shojaee, President and CEO of Shoma Group. “Ten30 South Beach was designed with technology at the forefront, and as we near completion we’re excited to showcase this attractive proposition to the South Beach market firsthand.”

Designed by Saladino Design Studios, the project, located at 1030 15^th Street, is an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten 30 South Beach will offer studios, one- and two-bedroom units with expansive terraces and elegant interiors priced from $498,900 with low association fees of less than $400 per month.

Rising four stories, the building’s features include a sprawling 6,000 square-foot rooftop deck with a rosé-colored pool, two fitness centers, lounge, and outdoor kitchen area complete with barbecue and yoga space. Residences come with covered parking.

Ten30 offers residents the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. The famed Lincoln Road shopping district is just minutes away as well as top dining experiences at Sunset Harbor. Ten30 is also conveniently located steps from Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground.  

Ten30 South Beach broke ground in October 2019 and is on schedule for completion in the first quarter of 2021.

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

South Florida developer Shoma Group announced today that they have closed on a $17.6 million construction loan for Ten30 South Beach. New York-based ACRES Capital Corp. served as the lender.

“We are very proud to secure construction financing with ACRES Capital for Ten30 South Beach as we step closer to delivering this compelling project to Miami Beach,” said Masoud Shojaee, CEO of Shoma Group. “Especially in today’s current climate, this closing is an endorsement of the market appeal of Ten30 as we continue our forward momentum bringing this attractive proposition to the Miami Beach market.”

Already under construction, Ten30 South Beach is a moderately priced, yet elegantly designed luxury retreat away from the high-rise condominium projects that have priced domestic buyers out of South Beach. Rising four stories, Ten30 South Beach will offer a curated collection of just 43 condominiums including studios, one- and two-bedroom units with expansive terraces and stylish interiors priced from the $400’s with low association fees of less than $400 per month.

“It has been a pleasure to work with Masoud and his team throughout the iterations of this project to bring this unique offering to Miami Beach,” said Michael Horowitz, of Cooper Horowitz, who arranged the financing on behalf of Shoma Group. “ACRES Capital immediately recognized the niche in the market that this product would serve and efficiently pursued and concluded the financing despite the current economic climate. It was a collaborative effort from start to finish, and we look forward to watching this project succeed.”

The significant project milestone comes on the heels of the project’s recent financing program announcement, which hopes to make luxury more attainable to domestic buyers by lowering the initial deposit requirement to 15%. Current financing programs also make it possible for qualified domestic buyers to attain up to 97% financing with the excess of the 15% deposit amount being used to cover closing costs, pre-paid items and possibly a portion of the original deposit being refunded to the buyer at closing. For domestic buyers looking to make the move to an exclusive yet sometimes elusive beach address, this could put Miami Beach living within reach.

“The Ten30 South Beach project was an attractive origination opportunity due in part to its targeted segment of the highly desirable South Beach market,” said Mark Fogel, ACRES President and Chief Executive Officer. “Its attainable price point and low common charges for each unit will accommodate a variety of residents, including local buyers looking to buy their first home, empty-nesters that are downsizing or those relocating from states with higher taxes. This wide appeal is augmented by strong, local sponsorship in Shoma Group, which will ensure that the property’s business plan is adeptly executed.”

Exclusively marketed and sold by Fortune Development Sales, Ten30 South Beach includes a myriad of upscale amenities including an expansive 6,000 square-foot rooftop deck with a rosé-colored pool, lounge, and outdoor kitchen area complete with barbecue and yoga space. Residences come with covered parking.

With state-of-the-art technology and high-end finishes, each residence will offer sophisticated technology, including the Samsung Family Hub refrigerator, which allows residents to send messages, order Uber rides, play music or see inside their fridge and browse the internet for recipes using available ingredients. Italian-designed chef caliber kitchens, Bluetooth enabled keyless entry with cameras that offer complete control through a homeowner’s mobile phone, and spacious master bedrooms with a unique open bathroom concept complete Ten30’s array of amenities that tastefully create a sense of sanctuary expressed in lyrical terms.

Ten30 offers residents the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. The famed Lincoln Road shopping district is just minutes away as well as top dining experiences at Sunset Harbor. Ten30 is also conveniently located steps from Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground. 

For more information, please visit Ten30SouthBeach.com or visit the Fortune International Realty Miami Beach office at 110 Washington Avenue, Miami Beach, FL 33139.

MIAMI (Nov. 5, 2019) – Miami-based Shoma Group recently commemorated the groundbreaking of Ten30 South Beach, a curated collection of 43 studio, one- and two-bedroom condominiums nestled in one of South Beach’s most vibrant neighborhoods.

In a nod to the development’s name, the ceremonial groundbreaking was held on October 30 at 10:30 a.m. at the future site of Ten30 South Beach. The project’s development and sales teams – led by industry veterans Masoud Shojaee, CEO of Shoma Group and Edgardo Defortuna, President and CEO of Fortune International Group, hosted the event. Mike Saladino and David Muriel from the project’s architectural and interior design firm Saladino Design Studio were also in attendance as well as dozens of industry leaders, project partners, city officials and numerous other dignitaries.

Developed by Shoma Group, the project is poised to be South Beach’s ultimate gem located just steps from the Atlantic Ocean and the best of modern Miami Beach life.

Once completed, Ten30 South beach will rise four stories and feature a sprawling 6,000 square-foot rooftop deck with a rosé-colored pool, lounge, and an outdoor kitchen area complete with barbecue and yoga space.

“We’re incredibly proud to officially break ground on Ten30 South Beach,” said Masoud Shojaee of Shoma Group. “A new standard for living in South Beach, we’re extremely pleased that Ten30 South Beach will provide residents with a premier living option just steps away from all that South Beach has to offer.”

With units ranging in size from 626 square feet up to 1,196 square feet and priced from the $400’s with low association fees of less than $400 per month, the project boasts state-of-the-art technology and high-end finishes. Spacious master bedrooms with a unique open bathroom concept complete Ten30’s array of amenities that tastefully create a sense of sanctuary expressed in lyrical terms.  Residences come with expansive terraces and covered parking.

“This is an exciting beginning to what will soon be an extraordinary addition to the vibrant South Beach neighborhood,” said Edgardo Defortuna of Fortune Development Sales. “We are grateful to Masoud Shojaee and the Shoma team for bringing this inspired project to South Beach and it is a privilege to manage their sales and marketing efforts.”

Ten30 South Beach is located at 1030 15^th Street, Miami Beach, FL 33139. For more information, please visit Ten30SouthBeach.com or visit the Fortune International Realty Miami Beach offices at 110 Washington Avenue, Miami Beach, FL 33139.