MIAMI—SMG Management is building two new condo projects in Miami Beach. Peloro Miami Beach and Palau Sunset Harbour will compete for buyers in the new wave of condo development.
SMG is no stranger to South Florida. Stanley Gold, CEO of Shamrock Holdings—the investment vehicle for the Roy E. Disney Family—and Meir Srebernik, CEO of Dankner Investments, formed SMG Management for the sole purpose of investment in South Florida real estate. The duo entered the South Florida market in 2008 with the acquisition of four properties in Miami and Miami Beach.
“The Miami Beach market has proven to be a resilient, attractive destination for local and international home buyers,” Srebernick tells GlobeSt.com. “Scarcity of land and strong demand are the fundamental of developing in this market particularly following the quick recovery of Miami following 2008 downturn.”
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