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Shoma Group Is Making Waves in the Florida Real Estate Market

Since its inception, the company has developed more than 11,000 homes and condominiums, along with $6 billion in completed real estate transactions

by Rachel Dube

November 15, 2023

Masoud Shojaee / Photo: Courtesy of Wanthy Dimaren

Shoma Group, an award-winning real estate development company specializing in residential and commercial properties, was established in 1988, but it’s making a huge impact in South Florida these days. The company’s venture into real estate has evolved since it began with the development of communities consisting of single-family homes.

During its tenure, explains CEO Masoud Shojaee, “We have developed more than 11,000 homes and condominiums and more than one million square feet of retail and office space, with $6 billion in completed real estate transactions.”

Kitchen and dining room / Photo: Courtesy of Shoma Group

“One of our biggest challenges was assembling a team of skilled and dedicated individuals who shared our vision,” says Shojaee of the company’s inception. But within four years of its founding, the development company sold out numerous projects and secured approval to build a thousand homes on a sprawling 220-acre land parcel at Tamiami Estates. “This monumental project solidified Shoma’s position as a prominent force in South Florida’s real estate sector,” says Shojaee.

Pool Deck / Photo: Courtesy of Shoma Bay

When Shoma Group started, it was established on the principle that its properties should enrich the lives of the communities and people within them. With each new development, Shoma Group aims to not only construct properties but also to create spaces where people want to live, work, and play. “Our dedication is to enhancing our communities,” explains Shojaee. “Additionally, we strongly emphasize innovation and are constantly seeking new and imaginative approaches to real estate development.”

Movie Theater / Photo: Courtesy of Shoma NVB

Those approaches are evident in Shoma Group’s upcoming projects. At the top of the list is Shoma Bay, a luxury condominium development in South Florida’s North Bay Village, which Shojaee expects to be completed by 2025.

Shoma One / Photo: Courtesy of Shoma Bay

The company also has its sights set on Central Florida. Adds Shojaee: “We have recently unveiled our plans for 550 Shoma, a 1.1146-acre mixed-use development featuring a Shoma Bazaar in the heart of Orlando, and our updated blueprints for Shoma One, a rental community consisting of two apartment buildings offering 700 units and a two-story Shoma Bazaar.”