Vertical Developments
Miami-based developer of luxury boutique branded condominiums, formed in 2022 by Peru's VYV Grupo Inmobiliario and Location3 Investments.
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About
Vertical Developments
Vertical Developments is an integrated South Florida-based real estate developer founded in 2022. It was formed through the partnership of VYV Grupo Inmobiliario, a Peruvian development group led by Víctor Arce Mendoza with a track record of more than 80 buildings internationally, and Location3 Investments, the investment firm founded by Fernando de Núñez y Lugones, who serves as Chief Executive Officer.
The company carries a portfolio of approximately $1.8 billion and 2,285 units across roughly 18 projects in various stages of execution, with a focus on luxury boutique branded condominiums across South Florida. Its wider pipeline spans high-end single-family residences, multifamily developments and a master-planned short-term rental community in Orlando, reflecting a diversified and forward-looking approach.
Fernando de Núñez y Lugones brings deep South Florida experience to the platform, having previously spent twelve years as a Vice President at Fortune International and seven years as Executive Vice President of the Development Division and Chief Economist at ONE Sotheby's International Realty. His approach is built on reading economic cycles and identifying supply-and-demand imbalances across sectors of the real estate market.
VYV Grupo Inmobiliario, based in Lima, contributes decades of planning and construction expertise, a discipline in Building Information Modeling (BIM) and Lean Construction, and a portfolio spanning residential, office, retail and hospitality assets. Together the partners position Vertical Developments as an investment platform offering multiple entry points across the capital stack, from equity and debt to EB-5-eligible project pathways and sales-facing opportunities, tailored to distinct investor objectives.
Active markets include Aventura, Brickell, Coral Gables, Edgewater, Fort Lauderdale, Melbourne, Orlando, Port Charlotte and Pompano Beach. The company's Edgewater project, ELLE Residences Miami, is the first residential building in the world to carry the ELLE brand.
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Frequently Asked Questions
Vertical Developments is an integrated South Florida-based real estate developer founded in 2022. It was formed through a partnership between VYV Grupo Inmobiliario, a Peruvian development group with more than 80 buildings internationally, and Location3 Investments, founded by CEO Fernando de Núñez y Lugones. The company focuses on luxury boutique branded condominiums across South Florida.
The company specialises in luxury boutique branded condominiums and is the developer behind ELLE Residences Miami, the world's first ELLE-branded residential building. Its wider portfolio also includes high-end single-family homes, multifamily projects and a master-planned short-term rental community in Orlando, supported by a pipeline of roughly $1.8 billion and 2,285 units.
Vertical Developments is headquartered in Miami and builds across South and central Florida, with active projects in Aventura, Brickell, Coral Gables, Edgewater, Fort Lauderdale, Melbourne, Orlando, Port Charlotte and Pompano Beach. Its Peruvian partner, VYV Grupo Inmobiliario, is based in Lima.
The company is led by Chief Executive Officer Fernando de Núñez y Lugones, founder of Location3 Investments, who previously served twelve years as a Vice President at Fortune International and seven years as EVP of Development and Chief Economist at ONE Sotheby's International Realty. Its Peruvian partner VYV Grupo Inmobiliario was founded by Víctor Arce Mendoza.
Yes. Vertical Developments operates as an investment platform with multiple entry points across the capital stack, including equity, debt and EB-5-eligible project pathways designed to align U.S. residency goals with real estate investment where applicable. Several projects are structured with international buyers in mind, and specific terms are available on request.
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