Apr 18, 2016
Bisnow
Apr 18, 2016
Bloomberg
Mar 7, 2016
The Real Deal
Nov 9, 2015
The Real Deal
Oct 29, 2015
Live Trading News
Aug 11, 2015
Devon Teeple: The GM's Perspective
Aug 10, 2015
Commercial Property Executive
Aug 6, 2015
Reuters
Jul 30, 2015
Daily Business Review
Jul 27, 2015
GlobeSt.com
Jul 20, 2015
South Florida Business Journal
Jul 17, 2015
CURBED
Jul 17, 2015
The Real Deal
Jul 16, 2015
BISNOW
Jul 13, 2015
South Florida Sun-Sentinel
Jul 10, 2015
The Real Deal
Jun 23, 2015
MANSION GLOBAL
Jun 17, 2015
The Real Deal
Jun 11, 2015
The Real Deal
Jun 4, 2015
BISNOW
Apr 16, 2015
Law360
Apr 3, 2015
South Florida Business Journal
Apr 3, 2015
TheRealDeal
Mar 31, 2015
TheRealDeal
Mar 31, 2015
Forbes.com
Feb 19, 2015
South Florida Business Journal
Feb 19, 2015
TheRealDeal
Feb 19, 2015
Daily Business Review
Jan 16, 2015
Aug 6, 2015
Jul 13, 2015
Apr 18, 2016

This Developer Is Offering A Year's Worth Of Private Jet Service If You Buy His Condos

Bisnow
By Martin Drake

Tim Lobanov
Tim Lobanov

The Miami market is packed with cash from Latin America, China and Russia—but to draw in more investment from the northern US, Verzasca Group managing director Tim Lobanov is looking to the skies. With private jet subscriptions.

"We wanted to diversify, have a larger outreach," Tim tells Bisnow. "Local buyers [from other US states] are more stable buyers, with everything happening with foreign currencies."

Verzasca is offering clients who buy a condo at Aurora, its 61-unit mixed-use in Sunny Isles Beach, a complimentary one-year membership with JetSmarter, a service that allows users to charter a private jet from any location across the globe.

"It's like an Uber of private jets, basically," Tim tells us.

JetSmarter director of events Antonio Caballero tells Bisnow the firm gets a lot of interest from the real estate community—big-name agents like Oren Alexander and Josh Flagg use the service—so it's been looking for an avenue to partner with developers.

"Our main aim is to make private travel more accessible," Antonio tells us. "We decided this was an appropriate partnership to create and leverage in the real estate space."

Tim tells us buyers in the South Florida luxury market often are big travelers, meaning having free JetSmarter service for a year (the app sells its yearly subscriptions for $9,500) can be a money-saver.

Aurora is the first project to offer this membership with JetSmarter, and also includes personal elevators for each unit, yoga lounges and 10-foot ceilings, for an average price of $700/SF.

As far as the potential slowdown in the Miami market, Tim says Verzasca isn't worried at all, saying "we've brought product to the market that didn't exist."