Miami’s Shoma Group is gearing up for its upcoming project, 550 Shoma, a 1.146-acre mixed-use development set to rise in the heart of Orlando, Florida. Situated at 550 Mariposa Street in the downtown area, the development will feature 223 expansive one-, two-, and three-bedroom rental apartments ranging from 756 to 1,472 square feet and adaptable live/work units spanning approximately 1,229 square feet. The esteemed architectural firm Baker Barrios has been entrusted with the design, ensuring a seamless integration of modern aesthetics and contemporary living spaces in this future 16-story tower, accompanied by a spacious parking garage for 425 vehicles. It promises to offer diverse living options and approximately 17,160 square feet of retail space, including a Shoma Bazaar, a culinary and beverage destination.
550 Shoma’s residences will cater to lifestyles, balancing style, functionality, and comfort. The project aims to create a dynamic, inclusive community offering residents extensive amenities and facilities. These include a well-appointed fitness center, yoga studio, sauna, business center, a co-working café, and a delightful club room. Residents will have access to a media and game room, a podcast studio, and a luxurious pool area with a summer kitchen. The project also caters to residents’ furry friends with a dog spa. Additional features include a movie theater, automated package rooms, storage units, and high-speed WiFi to meet the demands of modern living. Shoma MGMT, led by Shoma Group’s President Stephanie Shojaee, will handle leasing and management for the property.
“At Shoma Group, we understand the importance of crafting living spaces that cater to every aspect of our residents’ lives,” said Stephanie Shojaee, President of Shoma Group. “550 Shoma provides an unprecedented lifestyle blending style, functionality, quality, and craftsmanship. This revolutionary initiative will also upgrade the city of Orlando by introducing Shoma Bazaar, a unique dining experience to its core. Without a doubt, the development will be a precious asset to the town and Shoma Group is eager to witness its realization.”
“550 Shoma marks a thrilling milestone as we venture into the thriving Orlando market,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “After meticulous research and an unwavering commitment, we have chosen the perfect moment to expand beyond South Florida and embrace the remarkable potential of Downtown Orlando. This project epitomizes our dedication to crafting mixed-use developments that seamlessly harmonize opulent residences with essential amenities, delivering a dynamic and convenient lifestyle for our future residents. We firmly believe that 550 Shoma will serve as an extraordinary addition to the Orlando community, akin to the resounding success we have achieved with our prestigious projects over the years.”
The project is set to become a valued asset to the Orlando community, following the developer’s success in South Florida and its commitment to crafting mixed-use developments that seamlessly blend luxurious residences with essential amenities. Construction is slated to commence in Q2 2024, with an expected completion date in 2026.