November 20, 2025

Inside one developer’s first high-rise project

IntelME Verdict

Market Shift

TL;DR

Developer Gevorg Shahbazyan of Starlife Group embarks on his first high-rise project in Hollywood, Florida, transitioning from lower-density residences, potentially impacting the local skyline and housing market.

Analysis

This transition to constructing a high-rise project signifies a significant market shift for the developer, potentially altering the local skyline and housing market dynamics. Built environment professionals should take note of this shift as it may indicate a trend towards increased vertical development in the area, impacting construction methods, building codes, and project economics.

Share: