New Venture Bringing $1B+ in Multifamily Projects to FL
Miami-based Leste Group and Opportunity Fundo de Investimento Imobiliário, based in Rio de Janeiro, have formed LORE Development Group. The new venture will develop primarily multifamily communities in South Florida.
LORE will source and acquire properties, and work with third-party construction teams, wth plans to develop more than $1 billion in multifamily projects over the next five years.
The first is a 442,000-square-foot, 500-unit multifamily building at 1015 SW 1st Avenue in Miami’s Brickell district. The $500 million project will feature state-of-the-art amenities, ground floor retail, and ample parking.
“Brickell is the ideal neighborhood for our first multifamily development in South Florida,” said Stephan de Sabrit, managing partner at Leste. “The thriving area has become one of the most desirable places to live, work and play in Miami…This property will set a new standard in luxury living for the area with its exclusive amenities, prime location, and breathtaking design.”
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.