PMG
Since 1991, Property Markets Group (PMG) has grown into a premier national investment, development, and asset management firm focused on large scale mixed-use residential projects. Today PMG is run by Managing Partners Ryan Shear and Dan Kaplan, currently operating across Florida, New York, Colorado, Arizona, Tennessee, and Georgia. Their vertically integrated team has departments specializing in acquisitions and land use, design and architecture, construction management, capital markets, asset management, sales and marketing, as well as significant in-house legal and accounting capabilities.
PMG’s current multi-billion dollar portfolio includes assets across pre-development, construction, lease-up, and sell out, totaling more than 8,500 residential units and over 16 million square feet of development. Previously announced rental projects under the Society Living brand platform include locations in Denver, Nashville, Atlanta, Brooklyn, Orlando, Fort Lauderdale and Miami. Notable current condominium projects include 111 West 57th Street in New York City; E11EVEN® Club Hotel & Residences & E11EVEN® Club Residences Beyond, Waldorf Astoria Hotel & Residences, 38 West Eleventh Residences, and The Elser Hotel & Residences in Miami; One Park Sarasota and Waldorf Astoria Residences St. Petersburg on Florida’s west coast; as well as Waldorf Astoria Residences Denver Cherry Creek in Colorado. PMG is additionally growing its Affordable Housing division nationally.
Executives:
Managing Partners: Ryan Shear and Dan Kaplan
Current Projects
Waldorf Astoria Hotel & Residences (Downtown Miami)
One West Twelve Residences (Downtown Miami)
Twenty Sixth & 2nd Wynwood Residences (Wynwood)
E11EVEN Hotel & Residences (Downtown Miami)
38 West Eleventh Residences (Downtown Miami)
Frida Kahlo Wynwood Residences (Wynwood)
Past Portfolio / Completed Projects:
Coming Soon…
Recent Developer and Project Updates by PROFILEmiami
National developer PMG is pleased to announce they have secured $115 million in construction financing for Sage Intracoastal Residences Fort Lauderdale, a 28-story boutique condominium nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway. Financing was provided by GoldenTree Asset Management.
National developer PMG, Lion Development Group, and LNDMRK Development have broken ground on One West Twelve Residences (ONE W12), a luxurious residential building in the heart of Historic Overtown, which officially commenced on October 1.
National developer PMG is pleased to announce the sellout of One Twenty Brickell Residences, a luxurious 37-story residential tower set to rise in the heart of Brickell. PMG Residential, PMG’s in-house brokerage, led the sellout of One Twenty Brickell Residences.
National developer PMG has secured $413 million in construction financing for One Twenty Brickell Residences, a dual-tower luxury mixed-use condominium and rental development rising in the heart of Brickell. The loan covers financing for the condominium, multifamily, commercial, and parking components of the property.
National developer PMG and LNDMRK Development are launching Twenty Sixth & 2nd Wynwood Residences, an eight-story, 233-residence luxury condo building that will rise as the first luxury condo residences with deeded office suites partnered with Airbnb.*
National developer PMG, Michael Simkins’ Lion Development Group, and Marc Roberts Companies have secured $215 million in construction financing for 38 West Eleventh Residences Miami, a 44-story, 659-residence condominium in Miami’s Park West neighborhood.
Construction is progressing swiftly at PMG’s Waldorf Astoria Hotel & Residences Miami, an iconic project poised to redefine the Miami skyline as the city’s first supertall tower. This architectural marvel will stand 100 stories tall and reach heights of 1,049 feet, making it the tallest residential building south of New York City.
National developer PMG and E11EVEN® Partners have topped off E11EVEN® Club Hotel & Residences Miami in Downtown Miami’s Park West District 11 neighborhood, bringing residents one step closer to experiencing its one-of-a-kind resort-style, entertainment-driven experience.
National developer PMG has revealed the newly designed Sage Intracoastal Residences Fort Lauderdale, a boutique condominium property nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway.
National development firm PMG, alongside Canadian-based private equity firm Greybrook, has secured $178 million in refinancing for the 10-story Society Wynwood mixed-use project located at 176 NW 25th St in Miami’s Wynwood Arts District.
One West Twelve Residences (ONE W12) is a 372-residence tower offering a lively lifestyle. ONE W12 will evoke iconic Miami glamour through a curated selection of engaging amenities, including a rooftop pool & garden and a dining & lounge concept by acclaimed Chef Marcus Samuelsson.
PMG, Lion Development Group, and LNDMRK Development have revealed One West Twelve Residences (ONE W12) in the heart of Historic Overtown, featuring 372 bespoke residences with captivating views of both Miami’s iconic skyline and vibrant sunset vistas.
PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton (NYSE: HLT) have secured $668 million in construction financing for Waldorf Astoria Hotel & Residences Miami.
Society Wynwood, developed by national development firm PMG and Canadian-based private equity firm Greybrook, is now moving in its first residents. Located at 176 NW 25th St, the 9-story apartment community brings 318 residential units and 50,210 square feet of commercial space to the neighborhood’s epicenter.
A partnership between Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian and Tricera Capital led by Ben Mandell have closed on 32,000 square feet of ground-floor retail space at Society Wynwood for $22.5 million.
Real estate development firm PMG has revealed One Twenty Brickell Residences, a luxurious 34-story residential tower set to rise in the heart of Brickell. Located at 120 S.W. 8th Street, One Twenty Brickell Residences will consist of 240 fully finished and furnished residences, each delivered with a first-of-their-kind deeded office suite per residence.
Michael Simkins’ Lion Development, Property Markets Group (PMG) and Alex Karakhanian’s LNDMRK have partnered to purchase Overtown’s Block 19 located at 105 NW 11th Terrace for $16.5 million. The 1.5 acre development site will be a Transit Oriented Development (TOD) with a combination of market-rate and workforce housing apartments, along with parking for residents and visitors.
National development and investment firm PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT), have revealed the Penthouse at Waldorf Astoria Residences Miami. The $50 million full-floor penthouse is situated high above the clouds within the architectural marvel’s ninth cube, placing residents at the top of the tallest residential building south of New York City.
No Wimbledon, No Problem: Controversial Australian tennis star Nick Kyrgios pulled out of the 2023 Wimbledon last minute due to a wrist injury but seems to be enjoying himself away from the court while he rehabs his wrist. At the 2022 Wimbledon, Kyrgios lost in the finals to Novak Djokovic, who, on Sunday (July 9, 2023), was back in London playing at Wimbledon, where he won an intense match against Herbert Hurkacz to advance to the quarterfinals.
Leading real estate development firm PMG and private equity firm Greybrook have secured $226 million in construction financing for phase two of Society Las Olas, a 42-story apartment community located in Downtown Fort Lauderdale at 140 SW 2nd St. The loan was provided by Related Fund Management and Lubert-Adler. John Moriarty & Associates is the general contractor of Society Las Olas’ second phase, which is currently completing groundwork and is slated for completion in Q1 2026.
Developers PMG and E11EVEN Partners have broken ground on E11EVEN Residences Beyond, part of the E11EVEN Hotel & Residences Miami development, an ultra-luxury, dual-tower development located in Miami’s District 11. Located at 90 NE 11th St. in the newly expanded entertainment destination, the E11EVEN Hotel & Residences Miami project has taken Miami by storm, continuing to break sales records and offer a unique experience to buyers unlike anything the community has ever seen before.
Developers PMG and E11EVEN Partners have signed a 10-year agreement with renewal options with Riviera Dining Group, the hospitality group behind MILA and Bâoli, to program new concepts at E11EVEN Hotel & Residences Miami, an ultra-luxury, dual-tower development located in Miami’s famed District 11. Located in the newly expanded entertainment destination, the Miami-based luxury hospitality company’s concepts will occupy a 16,000 SF restaurant with a 5,200 SF lounge attached to it, and a rooftop members only concept.
The Chicago-based exclusive private social club, The Clayton, will be opening at E11EVEN Residences Beyond, an ultra-luxury, dual-tower development located in Miami’s famed District 11. The Chicago-based exclusive social club will occupy 10,000 square feet on the second floor of the tower, which being developed by PMG and E11EVEN Partners and is located at 90 Northeast 11th Street.
On Tuesday, March 14th, national developer PMG along with partners Lion Development Group and Marc Roberts Companies celebrated the official launch of West Eleventh Residences. The event took place at the lavish sales gallery for West Eleventh Residences, debuting the newly revealed scale model of the tower and complete with a Yupix meta-realty virtual reality experience as well as a whale ice sculpture at the champagne bar.
PMG, Michael Simkins’ Miami-based Lion Development Group, and Marc Roberts Companies have launched sales for West Eleventh Residences, their third luxury short-term rental tower in Downtown Miami’s hot Park West neighborhood now dubbed District 11. Located at 18 NW 11th Street, West Eleventh Residences will offer short-term rental flexibility and a first-time opportunity for owners to enjoy fully centralized management with the ability to host guests 365 days a year on Airbnb.
The Elser Hotel & Residences Miami, a 49-story new construction luxury condominium located at 398 NE 5th St., has successfully closed on $80 million in sales in less than 60 days. This immense sales volume marks the pivotal return of Latin American investment in South Florida, with 75% of sales coming primarily from Colombia, Mexico, and Chile, as well as the continued fervent demand for turnkey, new construction residences.
On Tuesday, November 15th, PROFILEmiami teamed up with PARAMOUNT Miami Worldcenter, Royal Palm Companies, PMG and E11EVEN Partners to host PROFILEconnect: The Evolution of Downtown Miami into a Global Cultural and Business Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders
The crown-jewel penthouse at Waldorf Astoria Residences Miami, which will become the largest penthouse in the United States high-atop Miami’s first supertall tower, has sold for an undisclosed price. The five-story, 33,000+ square foot “Mansion in the Sky” will be the tallest residential unit south of Manhattan.
The first supertall tower to come to Miami has broken ground as the developers of Waldorf Astoria Hotel & Residences Miami have begun drilling and foundation work for the luxury mixed-use tower which is set to rise 1,049 feet in Downtown Miami. Waldorf Astoria Hotel & Residences Miami is being developed by PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT).
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National developer PMG and LNDMRK Development have revealed the first-ever Frida Kahlo Wynwood Residences, an iconic residential development located in Miami’s cultural core, Wynwood. Inspired by the celebrated artist Frida Kahlo and designed by Carlos Ott in collaboration with CUBE 3, this sculptural landmark will consist of 244 luxury residences.