What Vertical Developments does

Vertical Developments is a South Florida-based real estate development company headquartered in Coral Gables, Florida, operating as a joint venture between VyV Grupo Inmobiliario (a Peruvian developer with 80+ buildings internationally and $612M in invested capital) and Location3 Investments (the private equity arm of CEO Fernando de Nuñez y Lugones). The company develops luxury boutique branded residences, mixed-use condominiums, multifamily, and master-planned resort communities across South Florida (Miami, Coral Gables, Fort Lauderdale, Aventura, Pompano Beach) and Orlando (Davenport, Cocoa Village), with a $1.8 billion portfolio spanning 2,285 units across more than thirteen active projects.

The firm's core product strategy centers on exclusive U.S. residential licensing agreements with global luxury and lifestyle brands — Armani/Casa (third U.S. project at Pompano Beach), Fendi Casa (Avenia Interiors in Aventura), Elle (first-ever Elle-branded residential tower globally, in Miami's Edgewater), and Ferretti Group's Riva (world's first yacht-branded residence, Riva Residenze in Fort Lauderdale). Other product lines include the Alhambra Parc mixed-use development in Coral Gables (74 residential units plus retail and office space), the 1000 Marina Mile multifamily development in Fort Lauderdale (256 units), The Village at Coral Gables (48 Mediterranean Revival-style residences), and a multi-phase 70-acre Visions Orlando Resort & Spa near Disney World featuring condo-hotel units, townhomes, and single-family homes. Vertical Developments also operates three controlled subsidiaries: Location3 Investments (capital raising), VyV Bravo Construction Services (construction management, BIM, Lean Construction), and VyV Performance (investment advisory).

The revenue model is one-time real estate development sales: Vertical Developments co-develops or directly develops projects and earns revenue on the sale of completed units, with unit pricing ranging from approximately $235,000 (Visions Orlando condo-hotel) to over $5 million (Armani/Casa Pompano Beach). The go-to-market motion is sales-led, with properties distributed through exclusive sales relationships with One Sotheby's International Realty and Fortune Development Sales, supplemented by international sales teams deployed to Colombia, Mexico, and Argentina targeting high-net-worth Latin American buyers. The firm structures capital across the stack with EB-5 eligible pathways and presale-driven institutional construction debt (Benmark Capital, S3 Capital), and participates in international real estate expos and fashion/design industry events (e.g., Elle Decor EDIDA at Milan Design Week 2024) to drive buyer acquisition. Customer segments span international HNW individuals using Miami real estate as a capital-preservation vehicle, brand-loyal luxury buyers, domestic U.S. buyers fleeing high-tax states, and short-term rental investors.

Name

Vertical Developments

Legal name

Vertical Developments, LLC

Website

https://vertical-developments.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Vertical Developments is a South Florida-based real estate developer specializing in luxury branded residences through exclusive licensing partnerships with Armani/Casa, Fendi Casa, Elle, and Riva yachts, serving international high-net-worth buyers across South Florida and Orlando markets.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

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

akta.pro secondary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Luxury real estate development
• Branded residences
• Mixed-use development
• Luxury condominiums
• Condo hotel development

Headquarters

HQ city

Coral Gables

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development Sales: Co-development and direct development of luxury residential projects including branded condominiums, condo-hotels, multifamily, and mixed-use developments across South Florida and Orlando. Revenue generated through property sales at completion. Projects range from $170M to $500M+ in total sellout value.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Vertical Developments is a South Florida-based integrated real estate developer that co-develops and directly develops luxury branded residential, multifamily, mixed-use, and condo-hotel projects. The company specializes in boutique branded condominiums through exclusive licensing partnerships with luxury fashion and lifestyle brands (Armani/Casa, Fendi Casa, Elle, Riva), and offers investment opportunities across the capital stack including equity, debt, and EB-5 eligible pathways.

Product overview

Vertical Developments is a South Florida-based integrated real estate developer specializing in luxury boutique branded condominiums and mixed-use developments. The company's portfolio of approximately $1.8 billion and 2,285 units includes branded residences partnerships with fashion and luxury brands (Armani/Casa, Fendi Casa, Elle, Riva), mixed-use condominiums, multifamily developments, and master-planned resort communities. The portfolio spans South Florida markets including Miami, Coral Gables, Fort Lauderdale, Aventura, Pompano Beach, and Orlando, with projects ranging from 7-unit boutique developments to 256-unit multifamily communities. The company operates through co-development partnerships and offers investment opportunities across the capital stack including equity, debt, and EB-5 eligible pathways.

Differentiator

Problem solved

Functional benefit

Products and services

• Riva Residenze Fort Lauderdale A 20-story, 36-unit luxury waterfront condominium in Fort Lauderdale branded by Italian yacht maker Riva (Ferretti Group), featuring yacht-inspired interiors designed by Giuseppina Arena with mahogany, steel, and aquamarine aesthetics. Units range from 2,000 to 6,000 square feet with six private yacht slips up to 65 feet. Prices start at $3.5 million.
• Armani/Casa Residences Pompano Beach Two 19-story towers with 28 total luxury residences in Pompano Beach at 1550 N Ocean Boulevard, each unit occupying its own floor. Developed in collaboration with Giorgio Armani's interior design studio Armani/Casa. Features include a 45-foot lap pool, spa, private residents lounge, and open-space park leading to the ocean. Prices start at $5 million.
• Elle Residences Miami A 25-story, 180-unit condo tower in Miami's Edgewater neighborhood at 3618 NE 5th Avenue, marking the first residential project for fashion/media brand Elle (Lagardère Group). Interiors designed by The One Atelier with French Riviera-inspired aesthetics. Units range from 450 to 845 square feet with prices starting at $525,000. Short-term rentals permitted.
• Avenia Interiors by Fendi Casa A 22-unit luxury waterfront condominium in Aventura, Florida featuring interior design by Fendi Casa. Part of Vertical Developments' portfolio of branded luxury residences.
• Alhambra Parc Coral Gables A mixed-use luxury condo project in Coral Gables featuring 74 condos (78 total units per portfolio page), 18,000 square feet of retail space, and nearly 14,000 square feet of offices near Miracle Mile. Eight-story development at 33 Alhambra Circle with one- to three-bedroom units and penthouses. Prices starting at $1.1 million.
• The Village at Coral Gables A 48-unit residential complex in Coral Gables featuring townhomes, lofts, villas, and flats inspired by Merrick's seven villages with Mediterranean Revival-style architecture. Units range from 1,750 to 3,100 square feet. Includes a wellness clubhouse with fitness facilities, plunge pool, library, and conference center.
• 1000 Marina Mile A 256-unit multifamily development in Fort Lauderdale, Florida. Part of Vertical Developments' portfolio of high-end residential projects across South Florida.
• Visions Resort & Spa Orlando A multiphased, 70-acre master-planned luxury resort community in Davenport, Florida near Walt Disney World. Developed by Urban Network Capital Group and Vertical Developments, featuring single-family homes, townhomes, and condo-hotel units. Includes wellness-certified amenities, clubhouse, pool, sports courts, and golf simulator. Sold out all 460 residential units in Phases I, II, III, and V. Phase IV features 277 condo-hotel units.
• Visions at Brickell Station An eight-story condo-hotel project in Miami's Brickell neighborhood at 1120-1136 SW 3rd Avenue. Developed in partnership with Urban Network Capital Group. Features wellness amenities including purified air systems, nontoxic wall coverings, filtered water, and aromatherapy diffusers.
• Cocoa Village Bay Estate A 7-unit luxury residential development in Cocoa Village, Florida. Part of Vertical Developments' diversified portfolio of boutique residential projects.

Quantifiable outcome

• Projects sold out: Visions Orlando Phases I, II, III, and V (460 residential units)
• +2 more outcomes

Named customers3 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

Feature2 records

Partnerships

22 partnerships are on record, tiered core, important and minor.

• MG DevelopercoreStrategic or Co-development Partner · 1 June 2026Co-development partnership for Alhambra Parc mixed-use project in Coral Gables. MG Developer (led by Alirio Torrealba) is the lead developer with 10th project in Coral Gables. Vertical Developments serves as co-developer. Property records show MG Developer paid $19.2M for 1.1-acre site in 2022. Construction expected to start fall 2026.
• Urban Network Capital Group (UNCG)coreStrategic or Co-development Partner · 1 December 2022Joint venture partnership for Visions Orlando Resort & Spa project ($170M development). UNCG led by CEO Robert Thorne; Vertical Developments led by Fernando de Nuñez y Lugones. Additional JV for Elle Residences Miami and Visions at Brickell Station projects.
• VyV Grupo InmobiliariocoreStrategic or Co-development PartnerPeruvian development group (founded by Victor Arce Mendoza) with track record of 80+ buildings internationally. Parent/backing company providing capital, construction expertise (via VYV Bravo Construction Services), and investment platform (via VYV Performance). Group has 25+ years experience and $612M in investments.
• Location3 InvestmentscoreStrategic or Co-development PartnerMiami and Buenos Aires-based private equity firm founded by Fernando de Nuñez y Lugones. Focuses on securing financial resources for projects with strong banking, capital, and lending relationships across Florida, nationally, and internationally.
• Armani Group / Armani/CasacoreOEM/ Whitelabel/ Licensing PartnerGiorgio Armani's interior design studio licensing brand for Armani/Casa Residences Pompano Beach. Third Armani residential development in U.S. Two 19-story towers with 28 homes. Armani: 'I found the integration between the architecture, the natural landscape and the ocean particularly inspiring.'
• Fendi CasacoreOEM/ Whitelabel/ Licensing PartnerLicensing partnership for Avenia Interiors by Fendi Casa in Aventura. Branded luxury waterfront condo project. Vertical Developments collaborating with fashion house on interiors specification and brand association.
• Elle Magazine / Lagardère NewscoreOEM/ Whitelabel/ Licensing PartnerFirst-ever Elle-branded condo tower (Elle Residences Miami) via licensing agreement with Lagardère News. 25-story, 180-unit tower in Edgewater. Constance Benqué (CEO Elle International): 'This project will represent a groundbreaking concept, offering captivating gateways for owners and residents to experience condo living through a fresh lens.'
• Riva (Ferretti Group)coreOEM/ Whitelabel/ Licensing PartnerWorld's first yacht-branded residence. Italian yacht company (oldest shipyard, 1832) licensing brand for Riva Residenze Fort Lauderdale. Alberto Galassi (CEO Ferretti Group): 'Riva Residenze takes the brand's signature aesthetics—mahogany, steel, aquamarine, timeless styling—into luxury living sector.'
• Preferred Hotels & ResortsimportantChannel Partner/ Reseller/ DistributorVisions Resort & Spa joined as member of Preferred Hotels & Resorts Lifestyle Collection. Provides global distribution, reservations services, sales support, and brand prestige. Robert Thorne (UNCG CEO): 'Our collaboration will reinforce the property's position as a stand-out product in the market.'
• One Sotheby's International RealtycoreChannel Partner/ Reseller/ DistributorLeading luxury real estate brokerage serving as exclusive sales and marketing agent for The Village at Coral Gables and other projects. Company has 1,300+ agents, 27 offices, $8.8B in sales. Mayor Vince Lago and Mayi de la Vega (Founder/CEO One Sotheby's) attended Village groundbreaking.
• Fortune Development SalescoreChannel Partner/ Reseller/ DistributorLead sales and marketing broker for Riva Residenze and Elle Residences Miami. Specialized luxury development sales force led by Edgardo Defortuna. Handles international buyer acquisition and marketing execution.
• GCF DevelopmentimportantStrategic or Co-development PartnerCo-development partner for Riva Residenze (Fort Lauderdale) and Armani/Casa Residences Pompano Beach. Led by Chip Abele. Won conditional use permit for building's 240-foot height (double Fort Lauderdale's 120-foot maximum east of Intracoastal Waterway).
• WellDuoimportantStrategic or Co-development PartnerCo-development partner for Riva Residenze and Armani/Casa Residences. Led by Eduardo Pelaez and Alvaro Cardenas. Focused on branded waterfront developments.
• G3 AECimportantImplementation/ SI/ Consulting PartnerArchitecture and design firm collaborating on Armani/Casa Residences Pompano Beach. Partnered with Vertical Developments, WellDuo, GCF Development, and SP Developments on the project.
• SP DevelopmentsminorStrategic or Co-development PartnerCo-developer for Armani/Casa Residences Pompano Beach alongside Vertical Developments, WellDuo, and GCF Development.
• ArquitectonicaimportantImplementation/ SI/ Consulting PartnerMiami-based architecture firm serving as architect for Riva Residenze project. Known for iconic Miami developments and luxury waterfront projects.
• Bellin & Pratt ArchitectsimportantImplementation/ SI/ Consulting PartnerArchitectural firm that designed Alhambra Parc project. Interiors by Carlos Guevara, amenity spaces by Raymond Nicholas principal Ray Jimenez.
• De La Guardia Victoria Architects & UrbanistsimportantImplementation/ SI/ Consulting PartnerArchitecture and urban planning firm designing The Village at Coral Gables project. Created Mediterranean Revival-style architecture with fountains and gardens inspired by Plaza de España.
• Behar Font & PartnersimportantImplementation/ SI/ Consulting PartnerCoral Gables-based architecture firm serving as architect for Elle Residences Miami. Designed the 25-story tower with reflective surfaces and glossy wraparound terraces.
• The One AtelierimportantImplementation/ SI/ Consulting PartnerInterior design firm for Elle Residences Miami. Branded real estate powerhouse that has collaborated with Fendi and Karl Lagerfeld. Created elegant, Parisian-inspired interiors channeling Elle Decor aesthetic.
• West 8minorImplementation/ SI/ Consulting PartnerLandscape architecture firm designing open-space park leading to ocean for Armani/Casa Residences Pompano Beach.
• Giuseppina ArenaminorImplementation/ SI/ Consulting PartnerYacht interior designer crafting Riva Residenze interiors to resemble a superyacht, bringing nautical design elements to residential setting.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• PMGD (Pierre Matta) / PMG: PMG (Property Markets Group) is a Miami-based luxury condo developer with major projects in Brickell, Edgewater, and Miami Beach. Comparable on product type, geography, and scale of pre-construction sales to international buyers.
• Two Roads Development: Two Roads is a South Florida luxury residential developer with branded and ultra-luxury condo projects (e.g., Missoni Baia, Una Residences). Comparable on product type, geography, and international buyer focus.
• CMC Group: CMC Group is a Miami-based luxury condo and mixed-use developer with projects in Brickell, Edgewater, and Miami Beach. Comparable on luxury condominium product, South Florida focus, and branded/architect-led differentiation.
• Fortune International Group: Fortune International (parent of Fortune Development Sales, Vertical's lead broker) is a major South Florida luxury condo developer with projects in Edgewater, Brickell, and Sunny Isles. Highly comparable on geography, luxury product, and buyer pool, and an active sales channel partner for Vertical.
• Terra (David Martin): Terra is a Miami-based luxury and ultra-luxury condo developer active in Coconut Grove, Brickell, and Miami Beach with branded and ultra-luxury product. Comparable on geography, luxury positioning, and condo product mix.
• Related Group: Related Group is the largest condo developer in South Florida, with deep branded-residence experience (e.g., Aston Martin Residences, Porsche Design Tower, Residences by Armani/Casa) and a comparable luxury condominium focus. Most directly comparable to Vertical on product type, geographic focus, and branded residence strategy.
• MG Developer: MG Developer is a Coral Gables-based condo developer and Vertical's co-development partner on Alhambra Parc. Highly comparable on product type, geographic focus (Coral Gables), and boutique luxury positioning, though more locally concentrated.
• Aria Development Group: Aria Development is a Miami-based luxury condo developer with projects in Edgewater, Brickell, and Bay Harbor. Comparable on luxury condominium product and South Florida geographic focus.

Emerging players

• DAMAC Properties: DAMAC is a Dubai-based luxury developer specializing in branded residences with fashion/lifestyle partners (Versace, Fendi, Bugatti). Comparable on the branded-residence playbook and as a model for international branded condo expansion, though operating in a different primary geography.

Broad incumbents

• Bulgari Hotels & Resorts / LVMH Residential: Bulgari (LVMH) operates branded residences globally and is the type of luxury brand licensor that defines the segment Vertical competes in. Comparable as a benchmark for branded-residence pricing power and brand-led differentiation in the same product category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 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 Vertical Developments