PRIVATE GARAGES
MIAMI
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
Where icons rise
Vert 48 is a vertical private garage development designed for high-value, luxury, iconic car collections. Located in Miami, just minutes from Coral Gables, Coconut Grove, and Brickell, one of the most prestigious, inventory-constrained stretch of South Florida real estate.
The project introduces a new auto-related real estate asset class, combining architecture, security, and community for collectors.
Exclusivity
Protection
Community
Positioned at Miami‘s iconic core
Coral Gables
5 minutes
Loews Hotel, Biltmore Hotel & Golf, Granada Golf Course, Riviera Country Club, Miracle Mile, Shops at Merrick Park, The Collection Dealer – Ferrari, Lamborghini, Pininfarina, Porsche, McLaren, Aston Martin, Maserati, Audi, Land Rover, Jaguar & Alfa Romeo, Formula Sports Cars.
Restaurants:
Mika, Bouchon Bistro, Portosole, Fleming’s Steakhouse, among others.
Coconut Grove
10 minutes
Mr C Hotel, Cocowalk, Dinner Key Marina.
Restaurants: Carbone Vino, Ava Mediterranean, Bellini , La Specialita Café, Bayshore Club, Sadelle’s, Amal, Level 6.
Brickell
15 minutes
Brickell City Centre, Miami River, East Hotel, Four Seasons, W Miami.
Restaurants:
Claudie, Seia, Delilah, Dirty French, LPM, Casa Tua Brickell.
and only 20 minutes from Miami International Airport
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
Raising up to $25 million in equity to develop six to eight-story vertical garage suites building, offering private ownership within a secure architecturally distinctive facility.
Units average size ~1,400 sq ft — high-end designs with custom build-outs available.
Marketed at approximately $1.4M per unit, targeting Miami’s growing luxury automotive collector’s market.
Located five minutes from downtown Coral Gables, US-1, 20 minutes from Brickell City Centre and Miami International Airport.
We anticipate 15% of units will be reserved or pre-sold within the first 90 days of pre-launch.
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
The
Opportunity
Vert 48 will offer private luxury garage units designed for collectors, offering security, bespoke architecture, and social spaces in a private members-style environment.
• Double-height ceiling
• Flexible Private Garage options
• Owners’ club & lounge spaces
• Controlled access and security
• Concierge services
• Custom interiors
Total Equity Raise
Flexible Garage units
Avg. sq ft per unit
Expected price per unit
Target IRR
Estimated development timeline
KEY INVESTMENT OVERVIEW
The Numbers
Total Equity Raise up to
~$25,000,000
Tranche 1 — September 2026
$13M
Tranche 2 — July 2027
$6M
Tranche 3 — March 2028
$6M
8% – Investor/Sponsor split 90/10
12% – Investor/Sponsor split 80/20
Capital collateral
Land & improvements
Total Equity Raise up to
Target IRR
Target Equity Multiple
Sources
| Equity |
| Construction Loan |
| Sales Deposits |
| TOTAL SOURCES |
| 25,000,000 |
| 11,898,823 |
| 30,047,005 |
| 66,945,828 |
Uses
| Land and Related Costs |
| Hard Costs |
| Other Development Costs |
| Soft Costs & Interest Reserve |
| Financing Costs |
| TOTAL USES |
| 10,500,000 |
| 39,840,000 |
| 9,161,802 |
| 4,670,037 |
| 2,773,989 |
| 66,945,828 |
Hard Costs
| Hard Costs |
| General Construction |
| HARD COSTS SUBTOTAL |
| Total Amount | Amount / Unit | Amount / SF | % Subtotal |
| 39,840,000 | 664 | 474.29 | 100.00% |
| 39,840,000 | 664 | 474.29 |
Soft Costs
| Cost |
| ADA |
| Architect/Engineering Deposit |
| Civil |
| Due Diligence |
| Elevator Consultant |
| Energy Consultant |
| Feasibility study |
| FPL |
| Interior Design |
| Interest Reserve |
| Landscaping |
| Life Safety |
| Low Voltage Consultant |
| Market Research |
| Private Providers |
| Structural |
| Testing |
| Threshold Inspections |
| Traffic Studies |
| Waterproofing |
| SOFT COSTS SUBTOTAL |
| Total Amount | Amount / Unit |
| 24,373 | 406 |
| 2,025,000 | 33,750 |
| 48,746 | 812 |
| 30,000 | 500 |
| 40,216 | 670 |
| 30,466 | 508 |
| 8,705 | 145 |
| 30,466 | 508 |
| 250,000 | 4,167 |
| 1,280,523 | 21,342 |
| 40,216 | 670 |
| 39,171 | 653 |
| 52,228 | 870 |
| 6,528 | 109 |
| 426,528 | 7,109 |
| 26,114 | 435 |
| 182,798 | 3,047 |
| 60,933 | 1,016 |
| 18,280 | 305 |
| 48,746 | 812 |
| 4,670,037 | 77,834 |
Other development costs
| Item |
| Arborist |
| Development & Construction Fee |
| FF&E |
| Hand Off |
| Impact Fees – MDC |
| Marketing |
| Multimedia sales gallery |
| Municipal Fees – Coral Gables |
| Reserve Bond |
| Surveys |
| Surveys/Inspections |
| Vert 48 Development Headcount |
| WASA/DERM |
| OTHER DEVELOPMENT COSTS TOTAL |
| Total Amount | Amount / Unit | Amount / SF | % Subtotal |
| 18,280 | 305 | 0.22 | 0.19% |
| 2,875,267 | 47,922 | 34.23 | 29.55% |
| 1,000,000 | 16,667 | 11.90 | 10.27% |
| 65,285 | 1,088 | 0.78 | 0.67% |
| 401,856 | 6,698 | 4.78 | 4.13% |
| 2,250,000 | 37,500 | 26.79 | 25,98% |
| 500,000 | 8,333 | 5.95 | 5.14% |
| 28,000 | 467 | 0.33 | 0.29% |
| 266,837 | 4,447 | 3.18 | 2.74% |
| 60,933 | 1,016 | 0.73 | 0.63% |
| 243,731 | 4,062 | 2.90 | 2.50% |
| 1,433,333 | 23,889 | 17.06 | 16.55% |
| 18,280 | 305 | 0.22 | 0.19% |
| 9,161,802 |
162,206 | 115.86 |
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
Units are expected to be marketed at approximately $1.4 million per unit, positioning the project as a premium asset within Miami’s growing luxury automotive collector market.
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
Gunther Grineberg
Founding Partner & CEO
Gunther Grineberg is a Miami-based real estate developer with more than 25 years of experience building strategic partnerships in real estate.
He is the Founding Partner and CEO of the firm behind VERT 48, a luxury vertical private garage development in Miami designed for collectors of high-value automobiles.
Since 2020, Gunther has been involved in the development and expansion of one of the largest luxury car-condo garage platforms in the United States, with projects in South Florida and future developments planned in major U.S. markets. Throughout his career, he has been involved in more than $300 million of real estate investments and development projects.
He holds degrees in Marketing and Real Estate Investment and a Global MBA completed across five international universities including FGV, UNC Kenan-Flagler, CUHK, Erasmus University, and Tecnológico de Monterrey.
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
Eduardo Mendes
Eduardo is a seasoned, globally oriented investment executive with 25+ years of experience leading and scaling businesses across asset management, alternatives, and cross-border wealth markets in the U.S., Brazil, and Latin America.
He has held senior leadership roles at Vanguard, Schroders, and Itaú, overseeing multi-billion-dollar businesses, managing institutional and private-wealth relationships, and structuring more than 25 investment vehicles across active, index, and alternative strategies.
Eduardo brings deep expertise in corporate finance, capital allocation, operational execution, and investor-aligned governance, capabilities he now brings to his role as CFO & COO of Monte Verde. He holds a Bachelor’s degree in Business Administration from Fundação Getúlio Vargas and an MBA from the University of São Paulo (USP), along with FINRA Series 24, 7, and 63 licenses.
A Brazilian-Italian-American citizen and long-time Miami resident, Eduardo is known for his analytical rigor, integrity, and ability to build lasting relationships with global investors and financial institutions.
Renderings, specifications, features, finishes, and landscaping are artistic representations intended solely for illustrative purposes and may differ from the final product.
Gunther Grineberg
This presentation has been prepared by Vert 48 Development LLC (“Vert 48″) solely for informational purposes and is intended only for the recipient to whom it is addressed. This presentation does not constitute an offer or solicitation to buy or sell any security or investment product, nor does it constitute investment advice or a recommendation. Any offer of interests will be made solely pursuant to a confidential private placement memorandum and related subscription documents (collectively, the “Offering Documents”), which will contain a detailed description of the terms of the investment, the risks involved, and other material information. This presentation is qualified in its entirety by reference to the Offering Documents. In the event of any inconsistency between this presentation and the Offering Documents, the Offering Documents shall control. The securities described herein have not been registered under the Securities Act of 1933, as amended, or qualified under any state securities laws, and may not be offered or sold except pursuant to an applicable exemption from such registration and qualification requirements. The investment is available only to persons who qualify as “accredited investors” as defined under Regulation D of the Securities Act of 1933, as amended, or “qualified purchasers” as defined under the Investment Company Act of 1940, as amended.
The information contained herein is confidential and proprietary to Vert 48. Recipients may not reproduce, distribute, or disclose this presentation or any of its contents to any person other than their professional advisors who have a need to know such information in connection with evaluating a potential investment, in each case without the prior written consent of Vert 48. Vert 48 may request the return or destruction of these materials at any time.
Vert 48 makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained in this presentation is, or shall be relied upon as, a promise or representation by Vert 48. Recipients should not rely on this presentation as a basis for an investment decision and are directed to the Offering Documents for complete information regarding the investment. All financial projections, estimates, and forward-looking statements, including but not limited to projected returns, development timelines, occupancy rates, and exit assumptions, are based on assumptions and market conditions as of the date of preparation. Actual results may differ materially from any projections or estimates set forth herein. Vert 48 undertakes no obligation to update, revise, or supplement any information or projections contained in this presentation. Past performance, if any is presented, is not indicative of future results.
An investment involves significant risks, including but not limited to illiquidity, loss of invested capital, development and construction risk, and the use of leverage. Prospective investors are encouraged to conduct their own independent due diligence and consult independent legal, financial, and tax advisors before making any investment decision. Any tax-related information contained herein is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties.
Plans, architectural drawings, pictures, photographs, features, colors, and elevations relating to Vert 48’s anticipated development project are for illustration purposes only and are subject to change. Vert 48 and its affiliates reserve the right to make modifications to plans, architectural drawings, elevations, and specifications, including building orientation, without notice. All images and photographs are copyrighted.
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