What Berkowitz Development Group does

Berkowitz Development Group, Inc. (BDG) is a private, full-service commercial real estate development and ownership company headquartered in Coconut Grove, Miami, Florida. Founded in 1985 by former real estate attorney Jeff Berkowitz, BDG acquires, develops, owns, leases, and manages retail shopping centers, office buildings, and — most recently — industrial/flex properties across Miami-Dade County. Its owned and managed portfolio spans approximately 2,000,000 square feet across seven named properties: Dadeland Station (the first major vertical power center in the United States, opened 1996), Kendall Village Center, Kendallgate, Kendall Commons, Aventura Commons, Fifth & Alton (developed 2007-2009, subsequently divested to Edens in 2012), and the under-construction Homestead Commerce Park (a 282,000 SF industrial park delivering Q1 2026). The portfolio is anchored by national credit tenants including Target, Whole Foods, Best Buy, Publix, Regal Cinemas, LA Fitness, Michaels, Marshalls, and Ross, with portfolio-wide vacancy under 1% and estimated tenant gross sales of approximately $500M annually.

BDG operates as an integrated developer and operator. Through the parent and its jointly controlled affiliate Berkowitz Realty Group, Inc., the company performs in-house leasing, third-party brokerage (Fairchild Partners for Homestead Commerce Park), property management, construction management, and accounting services using SKYLINE property management software. Revenue is generated primarily through rental income, common area maintenance (CAM) charges, and property management fees on approximately 2,000,000 SF of owned and managed space, supplemented by one-time development and disposition fees. Strategic co-development partnerships — including a 1996 joint development agreement with the Metro-Dade Transit Authority for the Dadeland Station 90-year ground lease (BDG is 60% owner) and a 2007 joint venture with Alan and Robert Potamkin for Fifth & Alton — have been central to the company's deal-sourcing model.

The company is founder-controlled and family-led, with Chairman/Founder Jeff Berkowitz, President Michael R. Berkowitz, and Vice President Andrew Berkowitz leading an 11-50 employee organization. BDG's go-to-market is relationship-driven B2B, leveraging the founder's 50+ years of Miami-Dade market presence, deep retailer networks, active membership in the International Council of Shopping Centers (ICSC), and a record of regional awards including Ernst & Young and South Florida Business Journal "Deal of the Year" honors in 1996 and 2001. Geographic focus remains squarely within Miami-Dade County, with no disclosed international or expansion strategy beyond the active ~500,000 SF development pipeline.

Name

Berkowitz Development Group

Legal name

Berkowitz Development Group, Inc.

Website

https://berkowitzdevelopment.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Berkowitz Development Group is a Miami-based private commercial real estate developer and owner-operator founded in 1985, managing ~2,000,000 SF of retail, office, and industrial properties in Miami-Dade County and leasing space to national, regional, and local tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management & Leasing: BDG generates revenue by owning, managing, and leasing retail shopping centers and office buildings. Income derives from tenant rent, CAM charges, and property management fees across its owned and managed portfolio of approximately 2,000,000 square feet.
2. Development & Construction: BDG develops commercial properties from ground-up or redevelopment through complex entitlement, construction management, and lease-up. The company also builds and sells properties (e.g., Fifth & Alton sold to Edens in 2012; Professional Arts Center at Kendall Village sold as condo units), generating one-time development and disposition revenue.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Berkowitz Development Group is a full-service commercial real estate development, ownership, and management company that acquires, develops, leases, and manages retail shopping centers, office buildings, and industrial properties in Miami-Dade County. BDG operates a portfolio of approximately 2,000,000 square feet across seven properties and complements ownership with in-house property management, leasing, construction management, and accounting services.

Product overview

Berkowitz Development Group (BDG) is a full-service commercial real estate development company specializing in retail, office, and industrial properties in Miami-Dade County, Florida. The company's portfolio consists of seven distinct commercial properties totaling approximately 2,000,000 square feet: Dadeland Station (vertical retail center), Kendall Village Center (mixed-use town center), Kendallgate, Kendall Commons, Aventura Commons, Fifth & Alton (Miami Beach), and Homestead Commerce Park (industrial). BDG's service offerings complement its property portfolio through integrated Property Management, Leasing/Marketing, Construction, and Accounting Services using SKYLINE property management software, enabling end-to-end development, ownership, and management of commercial real estate assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Dadeland Station Three-level 330,000+ square foot vertical retail shopping center anchored by Target, Best Buy, Marshalls, Michaels, and Petsmart, featuring a six-level parking garage, located adjacent to Dadeland Mall and Dadeland North Metrorail Station in Miami, Florida.
• Kendall Village Center 267,000 square foot retail shopping center anchored by Regal Cinemas and LA Fitness, with 86,000 VPD traffic count and 100% occupancy, located at the entrance to West Kendall at North Kendall Drive and The Florida Turnpike.
• Aventura Commons 267,000 square foot power center anchored by Target, Whole Foods, Best Buy, PetSmart, and Ulta, located on Biscayne Boulevard (US-1) in Aventura, Florida with 900 feet of frontage on US-1.
• Fifth & Alton 180,000 square foot three-level vertical retail center with six-story parking garage (1,080 spaces), anchored by Publix, Ross Dress for Less, and Best Buy, located at 5th Street and Alton Road in Miami Beach, Florida.
• Kendallgate Shopping Center 200,600 square foot shopping center located at the entrance to West Kendall at North Kendall Drive and the Florida Turnpike, with tenants including Michaels, Burlington, DSW, Foot Locker, Petco, ULTA, and Harbor Freight Tools.
• Kendall Commons 31,110+ square foot retail center with prime visibility along N. Kendall Drive, anchored by quick-service restaurants and service-oriented retailers, located adjacent to a high-volume Publix.
• Homestead Commerce Park Three-building industrial park totaling approximately 282,000 square feet, offering modern industrial and flex spaces available for lease in Homestead, Miami-Dade County, delivering Q1 2026.
• Property Management Services Full-service property management including leasing, collections, physical plant preservation, tenant relations, security, maintenance, and accounting for retail centers and office buildings ranging from small local community retail centers to sophisticated vertical retail centers.
• Leasing and Marketing Services Leasing services including conceptualization of tenant mix plans, identification of potential tenants, negotiation of letters of intent, preparation and execution of lease agreements, and marketing strategy implementation, delivered through affiliated Berkowitz Realty Group, Inc.
• Construction Management Services Construction management including coordination of plans and specifications, permitting, competitive bidding, contract negotiation, construction administration, and coordination of tenant work and build-out.
• Accounting and Reporting Services In-house accounting using SKYLINE property management software, including proactive receivable collections, accounts payable processing, monthly tenant statements, annual CAM/re tax/insurance reconciliations, and comprehensive monthly reporting.

Quantifiable outcome

• Under 1% vacancy across the entire BDG portfolio, indicating strong tenant retention and leasing effectiveness.
• +3 more outcomes

Named customers24 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Alan and Robert Potamkin (Potamkin Ventures)coreStrategic or Co-development Partner · 1 January 2007Jeff Berkowitz developed Fifth & Alton as a joint venture with Alan and Robert Potamkin. The project broke ground in 2007 and was completed in August 2009. The property was sold to Edens in December 2012.
• Metro-Dade Transit Authority / Miami-Dade CountycoreStrategic or Co-development Partner · 1 January 1996BDG entered a joint development agreement with Metro-Dade Transit Authority to develop Dadeland Station on surplus county-owned land adjacent to the Dadeland North Metrorail Station. Miami-Dade County successfully converted a dormant surface parking lot into an income-producing asset estimated to produce in excess of $100,000,000 in taxpayer revenue over its 90-year lease term. BDG serves as Developer and 60% Owner.
• Kendall Federation of HomeownersminorStrategic or Co-development Partner · 1 January 1989BDG negotiated extensively with the Kendall Federation of Homeowners, which had organized to resist prior auto park rezoning efforts. BDG agreed to a plan for a largely retail mixed-use development, after which Jeff Berkowitz was honored as 'Negotiator of the Year' by the Federation.
• Fairchild PartnersminorChannel Partner/ Reseller/ DistributorFairchild Partners (Sebastian Juncadella, SIOR and Jose Juncadella, SIOR) serve as the exclusive leasing agents for Homestead Commerce Park, handling industrial/flex space leasing for the 282,000 SF three-building industrial park.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Codina Partners: South Florida-based commercial real estate development and investment firm with a comparable mix of office, industrial, and retail projects in Miami-Dade County. Most direct peer to BDG by geography, scale, and asset-class mix.
• Stiles Corporation: Florida-focused full-service commercial real estate firm that develops, owns, and manages office, retail, and industrial properties. Comparable in service breadth (development, leasing, property management) and in regional focus on South Florida.
• Property Markets Group (PMG): Miami-based real estate investment and development firm active in commercial and mixed-use projects across South Florida. Comparable in scale, geography, and a developer-owner-operator business model.
• Terra Group: Miami-based real estate developer with active mixed-use, retail, and office projects in South Florida. Comparable in market focus and project scale, with a similarly integrated development and ownership model.

Broad incumbents

• Brixmor Property Group: Publicly traded retail REIT owning and operating a national portfolio of open-air shopping centers, including a meaningful Florida presence. Comparable product type and tenant base, with similar shopping-center economics but at far greater scale.
• Federal Realty Investment Trust: Publicly traded retail REIT focused on high-quality, open-air shopping centers in affluent U.S. markets. Comparable in shopping-center product type and tenant relationships, though at substantially larger scale.
• Phillips Edison & Company: Publicly traded net-lease REIT focused on grocery-anchored neighborhood shopping centers. Comparable in product type (anchored neighborhood retail) and competing for the same national-retailer relationships, but operates nationally as a public REIT.
• Kimco Realty: Largest publicly traded retail REIT in the U.S., with a national portfolio of open-air shopping centers. Comparable product type (anchored community and power centers) and a competing buyer of the same anchor-tenant relationships BDG cultivates.
• Lennar Commercial: Commercial real estate arm of Lennar Corporation, one of the largest U.S. homebuilders, with significant Florida commercial development activity. Overlaps with BDG in South Florida commercial development but operates at substantially greater scale and capital base.
• Regency Centers: National publicly traded retail REIT that owns and operates grocery-anchored shopping centers, including a significant South Florida portfolio. Comparable in tenant mix and product type (anchored retail centers), but operates at national scale and as a public REIT.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100067973714946
• LinkedInlinkedin.com/company/berkowitz-development-group-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 Berkowitz Development Group