Constellation Group
Constellation Group is a South Florida-based real estate investment and development firm focused on strategic acquisitions, mixed-use and residential development, and long-term value creation in high-growth markets across the Southeastern United States. The company applies a disciplined, investment-led approach to identifying and executing opportunities in urban and transit-oriented corridors, emphasizing sustainable fundamentals, demographic strength, and barrier-to-entry locations. Constellation’s investment strategy blends core-plus and value-add methodologies to generate risk-adjusted returns while maintaining a family-office mindset toward asset stewardship and fiduciary responsibility. 
In the Miami market and beyond, Constellation Group has been involved in several notable developments and land acquisitions, reflecting its commitment to creating thoughtfully designed residential and mixed-use projects. The firm collaborates with established development partners and architectural firms to deliver projects that respond to local context and market demand, including boutique condominiums like Ella Miami Beach in North Beach and wellness-oriented residences in Coral Gables. Its work aims to balance community integration with long-term real estate value creation, contributing to the evolving urban fabric of South Florida.
Executives:
CEO: Eduardo Otaola
Current Projects
Past Portfolio / Completed Projects:
Coming Soon…
Recent Developer and Project Updates by PROFILEmiami
Constellation Group, a leading Miami-based real estate investment and development firm, announces the acquisition of a nearly 28,000-square-foot development site fronting U.S. 1/South Dixie Highway in Miami’s Coconut Grove neighborhood.
The new sales gallery for Cora Merrick Park – the first wellness-oriented residences in Coral Gables – is now officially open at 4200 Laguna Street in Coral Gables. On Tuesday, Sept. 30, developers Constellation Group and The Boschetti Group celebrated the grand opening of the gallery with Douglas Elliman Development Marketing.
Lamarca Well, the European-born wellness brand founded by sisters Magally, Mayra and Mischka Capriles, announces its first real estate consulting project in the United States: CORA Merrick Park in Miami, Florida.
Vertical construction has commenced at Ella Miami Beach, a 10-story boutique condominium in the heart of Miami Beach’s North Beach neighborhood which is now 65% pre-sold. Sheet piling work has been completed, and piling work is in progress, with the project set to begin going vertical.
On Tuesday, June 24, the Coral Gables Museum hosted ‘A Comprehensive Analysis of Coral Gables’ presented by CORA Merrick Park, bringing one of the most extensive real estate market reports on Coral Gables to date.
Miami-based real estate development firms Constellation Group, The Boschetti Group and Vietmar have closed on a $42.3 million construction loan for Ella Miami Beach, a 10-story boutique condominium in the heart of Miami’s North Beach neighborhood.
On March 19, 2025 Constellation Group and Boschetti Group hosted a lavish launch event for CORA Merrick Park at Perry’s Steakhouse in The Shops at Merrick Park in Coral Gables. Developers Eduardo Otaola from Constellation Group and Jose Boschetti from Boschetti Group presented their new condo alongside Jay Phillip Parker, CEO of Brokerage, Douglas Elliman’s Florida Region and President of Douglas Elliman Development Marketing, who are overseeing sales at the project, and interior designer Giancarlo Pietri of Urban Robot Associates.
Leading commercial real estate investment and development firms Constellation Group and The Boschetti Group have launched their latest venture, CORA, a groundbreaking mixed-use boutique building where wellness meets home in Coral Gables’s Merrick Park.
Miami-based real estate development firms Constellation Group, Vietmar and The Boschetti Group marked a significant milestone with the groundbreaking of Ella Miami Beach, the 10-story boutique condominium that promises to redefine luxury living in the heart of North Beach.
Vietmar, Constellation Group and The Boschetti Group have revealed a new line of 30 studio units at Ella Miami Beach, redefining affordable luxury in the heart of Miami Beach. Priced starting in the $500,000s, these studios provide an accessible entry into the exclusive Miami Beach market.
On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon.
On Tuesday April 26 Ella Miami Beach, PROFILEmiami and Pura Vida Miami brought the heat with a Pickleball Spring Slam celebration for top brokers and friends of Ella Miami Beach, a 10-story boutique condo which will soon rise above Miami Beach.
Constellation Group, the Miami-based commercial real estate investment and development firm, and Ironwood Venture Group, a real estate development firm, have sold over $21 million combined of the residences at SeaGlass Cove, a new lush, private enclave consisting of just 14 single-family homes in Marathon.
Constellation Group, a Miami-based commercial real estate investment and development firm, along with The Boschetti Group, have broken ground on their Class A+ boutique office and retail project at 4225 Ponce de Leon Blvd in South Florida's renowned “City Beautiful.”
The first luxury single-family residences at SeaGlass Cove in the Florida Keys are set to be delivered in March 2024. SeaGlass Cove is a new, luxurious island enclave consisting of just 14 single-family homes in Marathon, Fla., in the heart of the Florida Keys. Located at 59720 Overseas Highway in Grassy Key, the project is being developed by Constellation Group and Ironwood Venture Group.
Constellation Group, a Miami-based commercial real estate investment and development firm, and The Boschetti Group have locked down a $33 million construction loan from Miami-based Banesco USA and Abanca, for its upcoming office and retail development located at 4225 Ponce de Leon Boulevard in South Florida’s renowned City Beautiful, Coral Gables.
On Wednesday November 1, 2023, PROFILEmiami, Ella Miami Beach and Constellation Group presented ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring Miami Beach’s North Beach, its rich past, and fast changing landscape.
PROFILEmiami and Ella Miami Beach are pleased to present ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring one of Miami Beach’s North Beach which has a rich past and fast changing landscaping with new developments such as Ella Miami Beach are ushering in a new era of sophisticated living to the storied neighborhood.
Miami-based real estate development firms, Constellation Group, The Boschetti Group, and Vietmar have officially launched sales on Ella Miami Beach, a 10-story boutique condominium that will soon rise in the heart of Miami Beach, at 6940 Abbott Avenue. The new construction building is expected to break ground in the first quarter of 2024 and is slated for completion in 2026.
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In Miami, luxury real estate is defined not only by design, but by energy that moves through a space, the experiences waiting beyond each threshold and the connections that shape community. Embracing this philosophy, development partners Black Salmon, The Boschetti Group, and Constellation Group – in collaboration with HQ Hotels & Residences by sbe – have launched sales for HQ Residences Miami.