The Real Deal: A Conversation With Neil Fairman

Marina Palms Developer Sits Down With Popular Real Deal Magazine

Marina Palms Developer and President of The Plaza Group Neil Fairman recently sat down with The Real Deal Magazine: Miami to talk about his success in the South Florida market, Marina Palms, and what the future holds. Read an excerpt of the article, below, and visit the following link to read the article in full on the Real Deal website.

How did you come up with the vision for Marina Palms? What value does the yacht club component add to the project?

“The vision was that many people just look at the water [from their condos] but don’t really have a waterfront or oceanfront lifestyle. We felt there could be a boating or marina lifestyle, where you can live in a community, go down the elevator to your boat and have a concierge be able to bring you what you need. We are seeing that people are very drawn to the marina aspect.

People seem to be spending less time in the sun lying on the beach than the previous generation. They are more active and want to be involved in outdoor activities. That’s why the urban lifestyle in Miami for people who have second or third homes is very inviting. The golf club generation doesn’t appeal to younger buyers. Our buyers are in their late 30s to 50s. We have a lot of families because of our larger unit size, with our average unit over 2,000 square feet.”

– Neil Fairman, Developer, President of The Plaza Group

READ MORE: The Real Deal Magazine: Miami – A Conversation With Neil Fairman


About Marina Palms:

Marina Palms, a project being developed by affiliates of The Plaza Group and The DevStar Group, is comprised of two towers, each 25 stories tall, with a total of 468 units. A full-service yacht club and marina will feature 112 boat slips for yachts up to 90 feet. Marina Palms is the first Miami luxury real estate development with full-service marina/yacht club to be built in Miami-Dade in the past 20 years.

Located at 172nd Street and Biscayne Boulevard in North Miami Beach, Marina Palms Yacht Club & Residences will offer amenity-rich living, unparalleled services and a boating lifestyle designed for yachting enthusiasts. With one million sq. ft. of livable space fronting a waterfront promenade, the residential development will entice any buyer in search of luxury waterfront living.

Every two-, three- and four-bedroom Miami condos and penthouse in the two-tower Miami waterfront development will offer luxury amenities such as butler service, infinity-edge pool and hot tub, a state-of-the-art gym, a spa with treatment rooms, a sauna, a steam room and workout studios, a news café, club room with bar, billiard table and 100” plus TV, children’s playroom and teen lounge and secure, gated access with 24-7 valet service.

About The Plaza Group:

During the past two decades, Neil Fairman, President and Founder of The Plaza Group, has successfully foreseen opportunities that result in world- class real estate developments. From hotels and high-rise, luxury residences to retail shopping centers and commercial space, their diverse portfolio of real estate projects has reshaped communities and spurred real estate trends. Successful projects include The Palms in Fort Lauderdale and Ocean Palms in Hollywood Beach.

About The DevStar Groupo

The principals of The DevStar Group are Anthony Burns and George Helmstetter. DevStar is partnering with iStar Financial, a $7 billion dollar finance and investment company focused on real estate and traded on the New York Stock Exchange under the symbol SFI. iStar, one of the largest investors in luxury condominium, multi-family and master-planned residential developments throughout the United States, has financed and invested over $10 billion in residential projects since 1993, with a portfolio that has included interests in over 18,000 condominium units in the nation’s top markets.