Kevin Maloney, Dan Kaplan and Ryan Shear

PMG has long been a major player in South Florida’s commercial real estate scene, but this past year it’s been particularly active, landing one construction loan after another with Dan Kaplan, Ryan Shear and Kevin Maloney at the helm. 

Starting in April, PMG scored $413 million to build a two-tower, condo and multifamily development in Miami’s Brickell district. Also in April, it scored a $215 million construction loan for a 44-story, 659-unit luxury condominium tower near Downtown Miami after nearly selling out the planned condos.

Within that enclave, which borders Miami Worldcenter and Overtown, the Miami-based developer is practically building out a new district. It’s completing the second tower for the hotel and condo development branded after the E11even nightclub. In December, it nabbed a $93 million construction loan to build a 372-condo, 23-story high-rise nearby.

Along Downtown Miami’s waterfront, it’s building the 100-story Waldorf Astoria Hotel & Residences Miami, after securing a $668 million debt package in 2024. The skyscraper could become one of the tallest U.S. buildings south of New York. 

Another supertall could be coming, too. A block from the Waldorf Astoria development, PMG announced plans for a 90-story high-rise branded after the Delano, the historic Miami Beach hotel. The 421-unit would also feature South Florida’s first public observation floor.

PMG’s reach expands beyond Miami. In January, it landed a $115 million construction for a 28-story condo tower on Fort Lauderdale’s Intracoastal waterfront.