Who We Are
Redevco is a full-service, female-owned real estate development and asset management company serving Florida. Our mission is to deliver innovative property solutions that generate market-rate returns while building stronger neighborhoods and communities.
Our focus since inception in 1976 has been on development. We have both created and repurposed properties that carry a cumulative value of $250 million.
How We Can Work Together
"So, what's the deal?"
Relationships are the cornerstone of our development company
Successful real estate transactions are based on trusted partnerships. Redevco has been working with governments, retailers, lenders, investors and real estate professionals for over 40 years. Our longevity is the result of our loyalty.
We believe in being up front and honest. We tell our partners what a deal can potentially offer and what it can't. Our clients appreciate such transparency. It's why many clients have worked with Redevco for decades.
One of our newest developments in Little Haiti Checkers Drive-In Restaurant, which specializes in fresh-frozen hamburgers and is seen as a flavor champions in the burger game,. The restaurant is scheduled to open to the community in the third quarter of 2021.
We make the complex workable
When our company began what is now University Drive in Broward was then a dirt road. Over the years, this area has undergone explosive growth, while embracing a deep diversity in neighborhoods and cultures. It is a complex community, and so are its ordinances, permit processes and building codes.
But it's also our community (as is all of Florida). We love it and we know it. And we know how to work with the many agencies, interest groups and organizations in productive and respectful ways.
The Tower Shoppes, located at the busy intersection of University Drive and I-595 in Broward County, was one of the first “power strips” in South Florida. A 90-acre Development of Regional Impact, it involved seven years of government reviews and approvals plus major infrastructure and street improvements. This single power strip constituted more commercial property than the rest of the Town of Davie when it opened in 1989. Striking a balance of retailers was key. Today, the property continues to be fully leased—and in fact, has expanded to the full master plan originally contemplated. .
The power of development and redevelopment
Every property has a purpose for its community. We are major believers and seasoned practitioners when it comes to redevelopment. As neighborhoods change, we have the ability to respond in profitable ways that leverage the existing infrastructure.
We know how to identify existing assets that have a value-add.
In Liberty City, we are working on the transformational redevelopment of an 8.5-acre property that we originally acquired, developed, and have operated for 22 years. This property is now being master-planned to addresses the massive growth and density needs of Miami. We are implementing various tax and financial incentives for this designated Opportunity Zone. The new, sustainable, “green” development will result in a neighborhood transformation, with mixed-income housing and mixed-use developments that include retail and a community activity center. This is an area that we envision becoming a work-life community, especially as millennials continue to prefer vibrant urban centers to suburbs. The redevelopment is designed with the needs and desires of future generations in mind.
Public/private partnerships: philanthropy at work
Philanthropy is built right into our projects that are public/private partnerships. We created these partnerships in Miami-Dade County in 1992, as a way of giving back to the communities we invest in. Our very first was The Promenade Plaza in Miami's Richmond Heights Community which we re-built after Hurricane Andrew. We worked closely with community leaders to create a nonprofit, community-based partnership to assure that a portion of the Center's profits would be reinvested into the community. Today, the community receives benefits from being loyal shoppers, as they are recycling their monies within their own neighborhood, while at the same time ensuring job opportunities for their residents.
When you can own a part of your community, it's like owning your own home: you are invested not only financially, but emotionally.
Another way to say public/private is win-win.
In a small corner of Coral Gables known as the Mac Farlane/Golden Gates neighborhood is a community of descendants from the original Bahamian settlers of Miami. We are currently developing a mixed-use project known as Gables Pointe to bring back goods and services that were lost through the governmental eminent domain process over 30 years ago. Through the public/private partnership that we've established, one-half of the revenue generated from Redevco's mixed-use development (which includes a Wawa, the fresh-food convenience store whose popularity is mushrooming) goes back to the community through its nonprofit foundation known as the LBW Homeowners' Foundation of Coral Gables, Inc.
The foundation awards grants within this National Registered Historic District community, such as education scholarships and homeownership and/or historic restoration grants for residents. The development plans also allow for job creation within the community, and have provided the foundation with a community center to house its historic artifacts and hold its community meetings.
The 7 Building Blocks of Redevco's Sustained Success
- Integrity. We insist on it with everyone who works for us, and everyone we work for.
- Innovation. Our company's culture is entrepreneurial and transformational. We are not afraid of change.
- Humility. We have the skills and savvy to succeed at major deals, such as our big-box shopping centers in Broward (Tower Shoppes) and Miami-Dade (Flagler Park Plaza). But we also respect the value of bread-and-butter deals (such as numerous neighborhood grocery-anchored projects). No project is ever too big or too small.
- Passion. Everyone who works at Redevco has it, and there's a reason for it: we are totally team-oriented and every member of the team shares in each success.
- Efficiency. We are a one-stop shop for our clients, offering acquisition, asset management, brokerage, consulting, construction, development services, and landlord representation. We bring 40 years of financial engineering knowledge and experience to our deals.
- Positivity. Our broad range of experience means we're well prepared for the challenges that come with any change and we know how to work through them. It's why, more than 40 years after we began, we continue. Economic trends, regulations and technology constantly change. Like a chameleon, we constantly adapt.
- Quality. Our properties are known for longevity and long-term success. One example that we're particularly proud of is our Shoppes of Liberty City project: Fannie Mae approached Redevco about being an investor in our Shoppes of Liberty City project, based on our track record for getting it done, doing it right, and doing right by the community.