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.
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.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.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.
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.
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.
Current Development Projects
Aqua Residences
Palm Bay, FL
320 Multifamily Units
| 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
192 Multifamily Units
| 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
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 | |
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.”
