Known For
Michael Shvo stands out for masterminding multi-hundred-million-dollar renovations of iconic skyscrapers into luxury residences and hotels, despite recent Miami project handoffs amid financing strains.
About
Launching SHVO in 2004, Michael Shvo built a powerhouse in premium property development, overseeing roughly $8 billion in assets by 2021 with bold moves like the $650 million Transamerica Pyramid buy in 2020, followed by a $400 million overhaul finished in 2024. He also snapped up Manhattan's 711 Fifth Avenue for $937 million, reimagining it as a pinnacle of upscale living. In Miami Beach, Shvo chased grand visions with over $2.5 billion committed to Collins Avenue luxury towers, but market headwinds forced sales of the $1 billion Raleigh hotel-condo site to Nahla Capital for $270 million in 2025 and the Alton Road office plot via foreclosure deed to Infinity Collective for $28.3 million. Amid legal clashes, including a RICO suit from CORE Club alleging fraud in a stalled Transamerica deal, Shvo persists in crafting hospitality-infused trophy assets nationwide.