Prime Highlights:
- Moses Hershko is expanding into South Florida with a new luxury residential brand, partnering with architect Kobi Karp to design the first Hershko-branded waterfront project.
- The development will feature three branded buildings, including a world-class hotel, with plans to collaborate with major global luxury brands for additional towers.
Key Facts:
- Hershko has launched a new real estate fund aiming to raise $200 million, expandable to $350 million, with a minimum investment of $100,000 and an 8% annual compounded return.
- The flagship Hershko Residences will emphasize wellness and sustainability, incorporating advanced air, light, water, and acoustic design alongside resort-style amenities.
Background
Developer Moses Hershko, known for his work on the West Coast, is expanding into South Florida with a new luxury residential brand and a large investment fund. Hershko, President of Moses Hershko Development (MHD), has partnered with renowned Miami architect Kobi Karp to design the first Hershko-branded project in one of Miami’s key waterfront neighborhoods.
The South Florida development will include three branded buildings, one of which will feature a world-class hotel. MHD is also in talks with leading global luxury brands for the second and third towers. Hershko has started a new fund to raise $200 million, with the option to grow it to $350 million. The structure offers a minimum investment of $100,000, opening access to a wider group of investors than traditional luxury real estate funds.
Hershko said the fund is designed to give retail investors exposure to high-yield luxury development. It offers an 8% annual compounded return, paid at the end of the fund’s term, and targets a capital turnaround of under five years. The fund also follows a 70/30 equity split and focuses on short- and long-term capital events to maximize returns.
The flagship Hershko Residences will focus on wellness by including features like air, light, water, and acoustic design. Plans include a world-class spa and resort-style amenities built for global luxury buyers. Architect Kobi Karp said the project aims to create a destination rooted in sustainability, resilience, and design excellence.
Hershko plans to expand the branded residence model across South Florida locations such as Miami Beach, Coconut Grove, and Fort Lauderdale, with future development planned in New York, Los Angeles, Aspen, and international markets.
