Lombardi Properties was founded by David Lombardi in 2000, originally with two areas of focus: primarily, as a boutique real estate brokerage company specializing in luxury residential and, secondly, as an operating partner of a 100+ unit apartment portfolio on Miami Beach. In 2001, no longer able to create value with the apartments on Miami Beach due to the wave of condo converters, Lombardi Properties began investing in the Wynwood area. Although originally driven by the area’s well-located and well-priced warehouse space,the investment thesis quickly shifted after recognizing the area’s promise to become Miami’s first real live/work/play creative community. At one point, Lombardi Properties owned and managed approximately 10 acres of land with over 200,000 square feet of buildings in the Wynwood area. Over the last 18 years as Wynwood matured, Lombardi Properties has opportunistically sold and developed many of those sites with a total sellout value of over $76 million.
Since 2010, David’s son Daniel joined the company, now overseeing acquisitions and asset management and in 2016 David’s son Brian joined as well, now overseeing all construction management and property management. With the additions of Daniel and Brian, Lombardi Properties has been focused on diversifying their portfolio into new markets and product types. In addition to focusing on urban retail, Lombardi Properties seeks unanchored and grocer-anchored centers throughout Florida. Following the company’s well-priced warehouse strategy implemented in the early 2000s, the company also seeks industrial/flex product that may be used for traditional warehouse uses as well as creative office/alternative uses. In partnership with Bayshore Investment Partners, Lombardi Properties has bought four new retail deals in the last four years.