What Alta Developers does

Alta Developers is a privately held South Florida real estate development firm founded in 2010 by Raimundo Onetto and headquartered in Miami's Coconut Grove neighborhood. The company develops residential and commercial real estate across Miami-Dade, Broward, and Palm Beach counties, with a portfolio spanning high-rise condominiums, boutique residences, mid-rise condominiums, multi-family rental communities, single-family homes, townhomes, and mixed-use projects. To date, Alta has delivered over 4,000 residential units through 50+ landmark projects, including notable developments such as 900 Biscayne Bay (516 units), Gaia Hollywood (466 units), Casa Bella Residences by B&B Italia (319 units), One Paraiso (276 units), and Pacifica Boynton Beach (324 units). Its active pipeline includes New River Central (planned 2029), Princeton Gateways phases (planned 2027), Crest at Pinecrest Phase II, and Alta Bayshore.

The firm operates through two divisions: Development and Asset Management. The Development division generates revenue primarily through the sale of condominium units and lease-up of multi-family rentals, with revenue recognized at unit sale or over lease terms. The Asset Management division, branded Alta Management, manages a portfolio of retail, office, self-storage, and warehouse properties — including the Megacenter portfolio in Florida and Texas — producing recurring management fees. Alta pursues a horizontal segmentation strategy addressing three primary customer segments: luxury condominium buyers (Miami, Coral Gables, Fort Lauderdale), multi-family renters (Pinecrest, Fort Lauderdale, Boynton Beach, Doral), and residential community buyers (Doral, Princeton). The go-to-market is direct-to-consumer via sales galleries, supported by an investor portal and earned media; distribution includes co-development partnerships with established South Florida developers such as Related Group (Casa Bella) and Terra Group (Doral Cay, Metropolis at Dadeland, Neovita Doral).

Alta's business model is project-based and debt-funded, with $411 million in construction financing closed across 2021, 2023, and 2025 from Bank of America and partners, against four land acquisitions totaling $76 million between 2020 and 2022. The firm is led by Onetto (Principal & CEO, 35 years of development experience) and President Ignacio Montes (joined 2020, prior partner at Credicorp Capital and Link Capital Partners), with a board comprising executives from Chilean, Peruvian, and Colombian real estate and investment backgrounds. The company maintains no proprietary technology platform, API, or app; its product is the built environment itself, differentiated by design partnerships (notably B&B Italia on Casa Bella) and geographic concentration in supply-constrained South Florida submarkets.

Name

Alta Developers

Legal name

Alta Developers, LLC

Website

https://altadevelopers.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Alta Developers is a South Florida-based private real estate development firm founded in 2010, developing and managing residential condominiums, multi-family, and commercial properties across Miami-Dade, Broward, and Palm Beach counties, with over 4,000 units delivered.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Offices of Real Estate Agents and Brokers (5312)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Real estate development
• Residential condominiums
• Multi-family housing
• Luxury high-rise
• Asset management

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Real Estate Development and Sales: Alta Developers generates revenue through the development and sale of residential condominiums, multi-family units, and single-family homes across South Florida. The company also develops commercial retail and office spaces. Revenue is realized through unit sales at project completion or pre-sales during development phases.
2. Asset Management: The company manages a portfolio of retail, office, self-storage, and multi-family properties through Alta Management division. Asset management services generate ongoing management fees and property value appreciation.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Alta Developers is a South Florida-based real estate development firm that develops and sells residential and commercial real estate across Miami-Dade, Broward, and Palm Beach counties. Its portfolio includes luxury high-rise condominiums, boutique residences, multi-family rental communities, single-family homes, townhomes, and mixed-use projects, with more than 4,000 units delivered. The company also operates an Alta Management division that provides asset management for retail, office, self-storage, and multi-family properties.

Product overview

Alta Developers is a South Florida-based real estate development firm offering a diverse portfolio of residential and commercial properties across Miami-Dade, Broward, and Palm Beach counties. The company's product offerings are organized into two main categories: Development projects and Asset Management. Development includes high-rise condominiums, boutique residences, mid-rise condominiums, multi-family residential buildings, single-family homes, and townhomes. Asset Management encompasses retail spaces and commercial properties including offices, self-storage, and warehouse facilities. Key development projects include Alta Bayshore (96-unit boutique high-rise), Casa Bella Residences by B&B Italia (319-unit luxury high-rise), Gaia Hollywood (466-unit two-tower development), Cassia Residences (174-unit boutique condominium), and multiple multi-family communities like Crest at Pinecrest (Phases I and II) and Princeton Gateways. Asset Management includes retail properties across South Florida and Megacenter facilities in Florida and Texas. The company operates through in-house development and asset management, positioning each property for long-term value.

Differentiator

Problem solved

Functional benefit

Brands

• Gaia Hollywood: High-rise condominium project featuring two 18-story towers with 466 units in Hollywood, Florida
• Cassia Residences
• Casa Bella Residences by B&B Italia
• Alta Bayshore
• Alta Management

Products and services

• Alta Bayshore

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• Related GroupcoreStrategic or Co-development PartnerRelated Group is a co-developer of Casa Bella Residences by B&B Italia, a 55-story, 319-unit high-rise condominium project at 1400 Biscayne Blvd in Miami. The partnership combines Related Group's established presence in South Florida luxury development with Alta Developers' expertise.
• Terra GroupcoreStrategic or Co-development PartnerTerra Group has been a long-standing development partner with Alta Developers, having partnered in 2002 to introduce Archiplan USA to the South Florida market. Companies collaborated on multiple projects including Doral Cay (158 townhomes) and Metropolis at Dadeland (397 units).
• B&B ItaliaflagshipTechnology or IntegrationB&B Italia is the design collaborator for Casa Bella Residences, bringing Italian luxury design to the 319-unit project. This is B&B Italia's first condominium project, representing a prestigious brand partnership for Alta Developers.
• Greystone Property DevelopmentminorStrategic or Co-development PartnerGreystone Property Development co-developed Wynwood Bay, a 19-story, 156-residence tower at 2500 Biscayne Boulevard in Miami.
• Terra (Neovita Doral)minorStrategic or Co-development PartnerTerra co-developed Neovita Doral, a gated neighborhood of 142 luxury single-family and townhomes in Doral, Florida.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Related Group: Florida's largest condominium developer and Alta's co-development partner on Casa Bella Residences. Related Group develops luxury and market-rate condos across South Florida at a significantly larger scale, making it the most directly comparable peer in both product type and geography.
• Terra Group: Long-standing South Florida development partner of Alta since 2002 (via Archiplan USA). Terra develops luxury residential, mixed-use, and master-planned communities across Miami-Dade, Broward, and Palm Beach, with comparable product mix and geographic overlap.
• Kolter Group: Boca Raton-based private developer of luxury condominium and multifamily communities across South Florida (e.g., The Residences at Mandarin Oriental, Alina, The Falls). Kolter directly competes with Alta in the South Florida luxury condo segment.
• Two Roads Development: Miami-based developer of luxury high-rise condominiums in South Florida including Residences at 1428 Brickell, EDITION Residences Miami Edgewater, and Six Fisher Island. Comparable product positioning, scale, and target buyer to Alta's luxury condo portfolio.
• Aria Development Group: Miami-based luxury condominium developer with projects including The Residences at 400 Sunny Isles, Aria Reserve, and Viceroy Residences. Comparable luxury condo focus and South Florida operating geography to Alta.
• GL Homes: Florida's largest privately held homebuilder, focused on luxury single-family and master-planned communities across South Florida (e.g., Boca Bridges, Valencia). Comparable to Alta's single-family and townhome product lines, though at substantially greater scale.
• CC Homes: South Florida residential developer of luxury single-family homes and master-planned communities in Miami-Dade and Broward counties. Comparable product mix (single-family homes, townhomes) and overlap with Alta's residential community portfolio.

Broad incumbents

• Lennar Corporation: One of the largest U.S. homebuilders with a major Florida presence across condos, single-family, and master-planned communities. While far larger and more diversified than Alta, Lennar competes directly for South Florida buyers and land positions across most of Alta's product categories.
• Toll Brothers: National luxury homebuilder with active Florida operations including luxury condos and single-family homes. Competes with Alta in the luxury condominium and townhome segment across South Florida.
• PulteGroup: National homebuilder with a meaningful Florida presence across entry-level and move-up single-family homes. Overlaps with Alta's residential community segment though primarily at lower price points than Alta's luxury focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/altadevelopers
• LinkedInlinkedin.com/company/altadevelopers
• Instagraminstagram.com/altadevelopers
• Xx.com/AltaDevelopers

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alta Developers