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Welcome to Northshore Development

Specialists In Commercial Real Estate Investments

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.

Development

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.

Development

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.

Re-Branding

Our effective rebranding approach is focused primarily on under-performing hotels in value-add locations. Our senior level executive team receives many high-profile off-market opportunities with the confidence of the market that allows for our control.

Re-Branding

Our effective rebranding approach is focused primarily on under-performing hotels in value-add locations. Our senior level executive team receives many high-profile off-market opportunities with the confidence of the market that allows for our control.

Investing

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.

Investing

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.

Current Development Projects

Aqua – Luxury Apartments

A 320 unit residential apartment complex located in Palm Bay, FL. This development is slated to begin construction in the Spring of 2018 and opening for occupancy in the summer of 2019. This is a Northshore Catalyst development on the Space Coast and the first project of a multi-phased master plan.

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Aqua – Retail Shoppes

Northshore’s second phase of the catalyst Palm Bay project will be the development of approximately 60,400 SF of neighborhood retail shoppes, restaurants and local grocers. The development of this phase will also align with Palm Bay City participation in the re-aligning of RJ Conlan as a traffic calmed corridor.

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Millenia Retail

The Millenia Retail project is a 24,000 SF neighborhood retail development in the heart of Orlando’s Millenia Mall Corridor. This site is surrounded by over 4 million sf of retail and entertainment and the tenants will include inovative lifestyle restaurants and retailers. Construction begins Summer 2018.

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Current Development Projects

Aqua Residences

Palm Bay, FL

Targeted Investor IRR 29.9% – 34.4% (1)
Targeted Equity Multiple 1.7x – 1.8x (1)
Targeted Average Cash Yield 3.2% (5)
Targeted Investment Period 3 Years (6)
Minimum Investment $27,500
Closed: April 21st, 2019

Mission Grove

Tallahassee, FL

Targeted Investor IRR 23.9%
Targeted Equity Multiple 2.9x
Targeted Average Cash Yield 7.0%
Targeted Investment Period 5 Years
Minimum Investment $25,000
Closed: March 21st, 2019

Shoppes at Aqua

Targeted Investor IRR 36%
Equity Multiple 2.45x
Investment Period
3 Years
Property Type Commercial Mixed Use
Investment Structure JV
Closed: July 13th, 2018

Millenium Parc Retail Development

Targeted Investor IRR 20%
Equity Multiple 1.5x
Investment Period
2 Years
Property Type Retail
Investment Structure Wholly Owned
Closed: January 22nd, 2018

Our Core Values

We elevate our partners, customers, investors, and neighbors to create positive change, to stand out in the marketplace, to be the center of innovation, to act as leaders and contributors in the marketplace and to help our connections endure and thrive.

Quote from CEO

“NSD Partners is committed to bringing the best regional and national talent together to develop best in class assets for the long term benefit of the communities they serve with security of investor interest .”

Franz Hanning – CEO of Northshore Development

Trusted Partners