Transforming Miami from the Ground Up: How Shoma Village and Shoma Bay Reflect the City’s Real Estate Evolution with Stephanie Shojaee of Shoma Group

by / ⠀Experts / May 2, 2025
Shoma Group
Miami’s real estate market has never been static. Over the past decade, however, it has entered a new era of reinvention. A market once defined by ultra-luxury condos in South Beach and single-family estates in Coral Gables has now expanded into a melange of multifamily developments, emerging neighborhoods, and lifestyle-driven communities. As both population growth and investor appetite accelerate, developers are rethinking where and how they build. To that point, few projects capture this shift more clearly than Shoma Village and Shoma Bay. Shoma Group Both are products of Shoma Group. Shoma Group, especially under President Stephanie Shojaee’s leadership, alongside her husband, Masoud Shojaee CEO and Founder of Shoma Group and South Florida real estate icon, is a firm known for identifying value in locations on the cusp of transformation. Shoma Village and Shoma Bay, while distinct in location and design, signify a consistent thesis. Simply put, Miami’s future will be shaped not only by luxury, but also by accessibility, integration, and long-term livability.

Shoma Village: Redefining Multifamily in Hialeah

When Shoma Group launched Shoma Village in Hialeah, the move was seen by some as unexpected. Long considered a working-class neighborhood, Hialeah hadn’t yet emerged on the radar of high-end developers like Shoma Group. However, the city’s growing population, demand for quality housing, and proximity to major employment centers told a different story. Designed as a mixed-use, multifamily rental community with elevated amenities and a walkable environment, Shoma Village quickly reached full occupancy. Its combination of modern finishes, curated retail offerings, and community-first design attracted a new class of renter, one who sought value without compromising on experience. As an objective measure of the success of its positioning, Shoma Village sold for $100 million, a benchmark sale for the Hialeah area. The deal not only underscored investor confidence in multifamily assets, but also repositioned the neighborhood as a viable market for upscale rental communities.
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Shoma Bay: A New Chapter for North Bay Village

If the Shoma Village story is about unlocking value in an overlooked market, the Shoma Bay Story is about shaping the identity of one still in the making. Located in North Bay Village, a quiet waterfront enclave between Miami and Miami Beach, the project marks the area’s first major luxury condominium development. This is a signal that change is coming. Shoma Bay brings high-rise design, resort-style amenities, and modern waterfront living to an area, which has long flown under the radar. The project has generated outsized attention from both local buyers and international investors looking for the next high-growth destination. Unsurprisingly, with 50% of units already sold and construction set to break ground this month. Beyond its architectural appeal, Shoma Bay represents a broader trend in Miami real estate. There is a tangible move toward underdeveloped waterfront zones offering proximity to the city without the density or price point of more saturated areas. 

A Strategic Vision Behind the Scenes

While the properties can certainly stand on their own, much of their success is partially a result of a leadership team that understands both market timing and buyer psychology.  The results speak for themselves, from the rapid lease-up and sale of Shoma Village to the early sales success of Shoma Bay. Both projects are indicative of a broader portfolio strategy prioritizing not only strong returns, but meaningful neighborhood impact.  

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About The Author

Educator. Writer. Editor. Proofreader. Lauren Carpenter's vast career and academic experiences have strengthened her conviction in the power of words. She has developed content for a globally recognized real estate corporation, as well as respected magazines like Virginia Living Magazine and Southern Review of Books.

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