We have a unique offering and position in the marketplace with senior executive leadership, development, construction management, finance and operational knowledge from the top tier of global real estate firms.
The primary method by which capital is to be deployed and the investment objective achieved is by participating in the opportunistic development of residential and mixed-use properties with Northshore Development as the primary development and management company.
Northshore Development seeks to generate significant return on investment by identifying critical deficiencies within a property and employing a strategy and visión for correcting them to unlock an asset’s true value. By employing innovative and fresh concepts to blighted áreas and investing strategic capital, Northshore has been able to Re-Brand, Re-Position, and Revitalize mixed use comercial and apartment complexes for the benefit of our investors, tenants and neighbors.
The primary objective for our investment in real estate is above average total return, with a relatively moderate investment risk. The Real Estate Investment Portfolio will also have the secondary objective to preserve capital and provide a stable cash flow.
Our structure as a privately held company allows for flexibility to underwrite and execute deals of all asset types, sizes and structures in order to secure the best opportunities in the market.
Our Vision at Northshore aims to achieve a strong connection between social responsibility and financial freedom. Our vision is centered on a solid belief,..
Northshore Development, LLC has a unique offering and position in the marketplace with senior executive leadership, development, construction management,..
Northshore embraces a development model with significant partnership equity allocated towards each project and a thoughtful investment strategy that accounts for near term growth,..
Mr. Frocione has a track record of more than eight years of diverse experience in institutional real estate investment management and development and has successfully completed more than $2 billion in transactions across sectors and risk / return profiles during his career. He is responsible for sourcing, underwriting, negotiating, due diligence, and closing of commercial investments and developments across the firm. He is a graduate of Stetson University with degrees in finance and applied statistics.
He provides a broad range of financial and management coordination through the entire development cycle. Prior to joining NSD, Blake worked as an analyst in the Property Finance division of Doral Bank. He was responsible for analyzing potential debt investments across multiple asset classes for a national real estate platform. His primary responsibilities included cash flow analysis, debt memorandum creation and market research. He is a graduate of the University of Florida with a background in Finance and Economics, as well as a graduate of Crummer School of Business at Rollins College where he obtained his Masters in Business Administration.
Franz S. Hanning served as President and Chief Executive Officer. Wyndham Vacation Ownership since their separation from Cendant in July 2006. Mr. Hanning was responsible for the world’s largest developer and marketer of flexible, points-based vacation ownership products. The company’s five primary consumer brands – CLUB WYNDHAM©, WorldMark© by Wyndham, Wyndham Vocation Resorts Asia Pacific. Shell Vacations Club and Margaritaville Vacation Club@ -together comprise more than 200 resort properties, representing approximately 24,000 vacation ownership units and serving more than 900,000 owner families worldwide. After retiring from Wyndham Vocation Ownership in December; 2016, Hanning formed Northshore Development to manage his property holdings in Palm Bar, Florida. He owns Palm City Investments FH, LLC which owns the 24 acres property in Palm Bay. Specialists in Commercial Real Estate Development, Investment, and Branding.