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(407)-735-9100

Welcome to Northshore Development

Quality of Life Developments

Creating Value through design and innovation

(407) 735-9100
info@nsdpartners.com

CEO of Northshore Development

Franz Hanning

“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.”
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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.

Developments

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.

Revitalization

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.

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.

Northshore Development

Complete Development Projects

Aqua Residences

Palm Bay, FL
320 Multifamily Units
  • Investor IRR: 34.4% (1)
  • Equity Multiple:2.5x (1)
  • Investment Period: 3 Years
  • Closed: October 1st, 2021

Mission Grove

Tallahassee, FL
192 Multifamily Units
  • Investor IRR: 45%
  • Equity Multiple: 3.4x
  • Investment Period: 3 Years
  • Closed: March 1st, 2022

Shoppes at Aqua

48,000 sf Commercial
  • 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

6,200 sf Retail and Office
  • Targeted Investor IRR: 20%
  • Equity Multiple : 1.5x
  • Investment Period: 2 Years
  • Property Type: Retail
  • Investment Structure: Wholly Owned
  • Closed: January 22nd, 2018

Eastshore Development

272 units
  • Targeted IRR: 28%
  • Equity Multiple : 2.6x
  • Status: Under development
  • Location: PaLm Bay
  • Type: MF

Westshore Apartments

Unit Count: 248
  • Type: Luxury Multifamily
  • Location: Palm Bay, FL
  • Status: Operating
  • Targeted IRR: 32%
  • Equity Multiple : 2.8x
  • Hold Period: 3 - 5 Year

Northshore Development

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.

Reliability

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.

Social Responsability

Our Vision at Northshore aims to achieve a strong connection between social responsibility and financial freedom. Our vision is centered on a solid belief,..

Experience

Northshore Development, LLC has a unique offering and position in the marketplace with senior executive leadership, development, construction management,..

Strategy

Northshore embraces a development model with significant partnership equity allocated towards each project and a thoughtful investment strategy that accounts for near term growth,..

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Northshore Development

Trusted Partners

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Bank of America v2
BBVA v2

Northshore Development

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Northshore Development, LLC has 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.

Office Hours

  • Monday - Friday: 8:00 AM - 6:00 PM
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Vice President Of Development

Adam Frocione

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.

Director Of Acquisitions And NSD Partners

Blake A. Maher

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.

Director Of Finance

James Shulterbrond

Mr. Shulterbrondt is an accounting and finance professional with over 12 years of experience in the real estate industry. Throughout his career he has served in various accounting roles of property management and construction with a unique expertise in the sectors of multifamily housing, office, and retail. His success has been primarily due to his professionalism and excellent work ethics. Mr. Shulterbrondt holds a Master of Finance degree from Webster University.

Executive Vice President Of Development

Miguel Reynaldos

Miguel A. Reynaldos has more than 30 years of commercial real estate experience, encompassing development and project management, design management, construction administration, entitlements, regulatory compliance and consulting. His diverse real estate background includes managing the development process, both as owner and on a consulting basis as owner’s representative and project types including industrial, office, educational, public facilities, multi-family residential, as well as, specialized expertise in data centers.

Chief Administrative Officer

Carol Chang

Ms. Chang has 25 years of experience providing administrative support to C-Suite professionals at prominent organizations such as Wyndham Vacation Ownership, Golf Channel, and Orlando Magic. She is best known for her professionalism, integrity, and strong work ethic.

SteelChief Investment/Financial Officer And Partner

Andrew R.

Mr. Steel has 15 years of experience managing and negotiating complex transactions in the hospitality, office and residential real estate sectors. He has participated in over $5 billion of successful real estate transactions and brings a strong background of financial expertise. Mr. Steel has worked with the top-tier of real estate development teams throughout his career including Margaritaville Holdings, The Related Group and The Carlton Group. Mr. Steel has also been a successful fintech entrepreneur with the founding of one of the first real estate fintech platforms and he brings a unique vision for creative structuring and strategic financial planning for long term success with the Northshore Development platform. Mr. Steel holds an MBA degree from Rollins College with concentrations in real estate finance and economics.

Chief Executive Officer & Managing Member

Franz Hanning

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.