Masoud and Stephanie Shojaee’s Shoma proposes 201-unit Live Local Act project in Coral Gables

Shoma is led by married couple Masoud and Stephanie Shojaee. Stephanie Shojaee joined “Real Housewives of Miami” as a cast member late last year. Shoma has the two-lot property under contract for an undisclosed price. The sellers are Jilk Investments and ABC Development, both led by Jorge Gonzalez; and S17TPA Corporation, led by Adolfo, Alain and Amanda Bonvecchio, according to property and state corporate records. At Ponce 8, 40 percent of units, or about 81, will be designated for households earning no more than 120 percent of the area median income, according to Shoma. That’s in line with the Live Local Act’s requirement. The state law, approved in 2023 and tweaked in the subsequent two years, allows bigger projects than permitted by a site’s zoning as long as the buildings include apartments at workforce and affordable rents. At a minimum, 40 percent of the units have to be for households earning no more than 120 percent of the AMI for at least 30 years.