Artificial Intelligence
Builders Company
Developers/Verzasca Group
VG
Verzasca GroupSUNNY ISLES BEACH, United States · founded August 2014
PRIVATE
verzasca-group.com

Verzasca Group is a privately held developer that builds residential condominiums, neighborhoods, schools, offices, shopping malls and mixed-use projects for South Florida buyers and communities, with historical development activity in Russia and Northern Europe, including Finland and Latvia, and investors.

Years in business
12
founded August 2014
LinkedIn headcount
9
employees, as shown on LinkedIn · size band 11–50
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
VERZASCA GROUP, LLC1
Headquarters
17600 COLLINS AVENUE1, SUNNY ISLES BEACH1, United States
Founded
August 20141
Entity type
PRIVATE1
Business model
offplan for sale1, commercial1
Markets
not published
What they build
Residential, for sale (3 of 3) · Retail (1 of 3) · Mixed use (1 of 3)
Full dossier in About →

Delivery record

3 date-assessed of 3 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
3
within the rolling ten-year window
Median delay
+39.5 mo
the middle of 3 scored projects
Average delay
+38.3 mo
the same projects, pulled by the worst
Average time to deliver
6.4 yrs
start to completion, over 3 delivered projects
Worst slip
+48.0 mo
Aurora · +37.0 to +59.0
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
3
red rows below

Against other developers

3 date-assessed here · 242 developers, 906 date-assessed projects in United States
Median delay
Verzasca Group·242 developers in United States
+39.5 mo vs +4.5 mo
this developer 35.0 mo worse
The typical project on each side.
Average delay
Verzasca Group·242 developers in United States
+38.3 mo vs +7.5 mo
this developer 30.8 mo worse
Both pulled by their worst few.
On time
Verzasca Group·242 developers in United States
0% vs 55%
this developer 55 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Verzasca Group·242 developers in United States
6.4 yrs vs 2.9 yrs
this developer 3.5 yrs slower
Start to completion, over 3 delivered here and 746 in the market.
Projects and timelines in Track Record →

Resident experience

3 of 3 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.2/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
8.5/ 10
Upkeep, response times, amenities, community · from 2 of 3 rated buildings

Against other developers

3 rated here · 261 developers, 1352 rated buildings in United States
Overall rating
Verzasca Group · 261 other developers in United States
8.2 vs 7.8
this developer 0.4 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 1352 in the market.
Structure & systems
Verzasca Group · 261 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 572 in the market.
Management & living
Verzasca Group · 261 other developers in United States
— vs 7.4
Too few buildings with this score here to compare (2 of 3)
Upkeep and response — belongs to whoever runs the building now. From 2 of 3 rated buildings here and 1302 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Bankruptcy filing reported July 16, 2019; plan approval and foreclosure avoidance reported February 26, 2020. Verzasca’s Le Jardin Residences project filed for Chapter 11 reorganization after an EB-5 lender brought a lawsuit alleging that the development group owed money on a loan and recorded a lis pendens; the project’s representatives said it was solvent, and the bankruptcy plan was later approved, avoiding foreclosure and allowing sales to resume.
  • DELIVERY DELAY Prolonged timeline reported July 13, 2021; earlier end-2020 completion target reported December 20, 2018. Aurora, Verzasca’s 61-unit Sunny Isles Beach tower, had been in the works for nearly six years by July 2021 and was still expected to need about six more months before completion, indicating a materially prolonged delivery timeline relative to its earlier announced end-2020 target.
  • PROJECT CANCELLED Site sale reported October 26, 2018. Verzasca sold its 2000 Biscayne Boulevard development site after changing the proposed project from condominiums to a 36-story rental tower; the buyer was described as a long-term holder not planning to immediately develop the site, so the announced Verzasca tower was not delivered as planned.
  • 3 more in Risk & Sources
Record status
active
Company sources
90 source entries across 90 fields
Projects tracked
3 · 3 completed in assessment
All flags and sources →

Track Record

Delivery record

3 date-assessed of 3 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
3
within the rolling ten-year window
Median delay
+39.5 mo
the middle of 3 scored projects
Average delay
+38.3 mo
the same projects, pulled by the worst
Average time to deliver
6.4 yrs
start to completion, over 3 delivered projects
Worst slip
+48.0 mo
Aurora · +37.0 to +59.0
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
3
red rows below

Against other developers

3 date-assessed here · 242 developers, 906 date-assessed projects in United States
Median delay
Verzasca Group·242 developers in United States
+39.5 mo vs +4.5 mo
this developer 35.0 mo worse
The typical project on each side.
Average delay
Verzasca Group·242 developers in United States
+38.3 mo vs +7.5 mo
this developer 30.8 mo worse
Both pulled by their worst few.
On time
Verzasca Group·242 developers in United States
0% vs 55%
this developer 55 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Verzasca Group·242 developers in United States
6.4 yrs vs 2.9 yrs
this developer 3.5 yrs slower
Start to completion, over 3 delivered here and 746 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

3 of 3 projects dated · 2 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Sunny Isles Beach, United States
Bay Harbor Islands, United States
20142015201620172018201920202021202220232024202520262027todaySUNNY ISLES BEACH, UNITED STATES+48 moverifiedBAY HARBOR ISLANDS, UNITED STATES+39.5 moverified+27.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

Building & Livability Ratings

Resident experience

3 of 3 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.2/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
8.5/ 10
Upkeep, response times, amenities, community · from 2 of 3 rated buildings

Against other developers

3 rated here · 261 developers, 1352 rated buildings in United States
Overall rating
Verzasca Group · 261 other developers in United States
8.2 vs 7.8
this developer 0.4 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 1352 in the market.
Structure & systems
Verzasca Group · 261 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 572 in the market.
Management & living
Verzasca Group · 261 other developers in United States
— vs 7.4
Too few buildings with this score here to compare (2 of 3)
Upkeep and response — belongs to whoever runs the building now. From 2 of 3 rated buildings here and 1302 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

3 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Le Jardin ResidencesBay Harbor Islands30 units
9.1/ 10
—/ 10
9.1/ 10

The Google Reviews/Maps aggregate of 4.7/5 from 18 reviews sets the level and converts to 9.1/10 under the requested curve. No recurring complaint or praise theme met the reporting threshold, and no structural/system review evidence was located, so no commentary adjustment was made and structure remains unevidenced.

reviews.birdeye.comexa.aiapartments.comcondoblackbook.comtherealdeal.com
+ Positive overall review sentiment

no notes returned

no links returned

The available written comments are short and favorable, including “Beautiful building,” “Exelente lugar,” and “Great.” The accessible review material does not provide repeated resident complaints about management, staff, security, amenities, or common-area upkeep.

exa.aireviews.birdeye.com
AuroraSunny Isles Beach61 units
7.9/ 10
—/ 10
7.9/ 10
AskGRAND.com 9.4/10, 9/10, 9/10, 9.8/10, 10/10, 9/10, 9.4/10, 9.6/10, 9.8/10 · 8 reviews · askgrand.com
Combined from 9 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.9.

Google’s 4.3/5 aggregate from 14 reviews is the largest qualifying review base and converts to 7.9 on the specified market curve. The higher AskGRAND user figure is below the 10-review anchor threshold, while the written comments provide no sufficiently repeated complaint theme to justify an additional adjustment.

exa.aiaskgrand.comcondoblackbook.comgeoln.comcompass.com
+ Luxury design+ Floor-to-ceiling windows+ 10-foot ceilings+ Pool and fitness facilities
+ Luxury+ Strong location+ Quality and selection praised+ Resort-style amenities+ Pool and fitness facilities
− One report of building being empty/not open− One strongly negative resident-style comment

Published material describes a 17-story, 61-unit building with 10-foot ceilings, floor-to-ceiling windows, private elevator entries and resort-style facilities. No reviewed source I read reported leaks, flooding, plumbing, HVAC, electrical or other structural-system failures; the 2024 “built and empty not open” comment concerns operational status rather than a documented physical defect.

askgrand.comgeoln.comcondoblackbook.com

Daily-life evidence is thin and mixed in date: one review says “Worst building I ever lived in!!!!,” while other posts call Aurora “Luxury,” “Beautiful,” and praise its selection, quality and location. AskGRAND’s published user ratings are high for location, amenities and recommendation, but only eight votes are shown and are not enough to anchor the score under the requested rule.

exa.aiaskgrand.comcondoblackbook.com
Pearl HouseBay Harbor Islands15 units
7.5/ 10
—/ 10
—/ 10

The only building-specific published aggregate located is a 5.0/5 Google rating based on one review, so it cannot establish a fully reliable high-confidence level; under the fewer-than-10-review rule, the result is kept within one point of 6.5. No recurring complaints, recurring praise, or separately read written reviews were available to move the score.

condointelligence.comhauteresidence.comapartments.com

no notes returned

no links returned

no notes returned

no links returned
Only buildings that have reached handover are rated. 0 of 3 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
VERZASCA GROUP, LLC
Headquarters
17600 COLLINS AVENUE, SUNNY ISLES BEACH, United States
33160
Founded
August 2014
Entity type
PRIVATE
Revenue
not published
Business model
offplan for sale, commercial

Offices

head office and 2 others
Bay Harbor IslandsMiami

Sources: office cities

SOCIALdate not shown in source

Verzasca Group

LinkedIn
with offices in Bay Harbor Islands and Miami
value seen: Bay Harbor Islands
https://www.linkedin.com/company/verzasca-group

Sources: office cities

SOCIALdate not shown in source

Verzasca Group

LinkedIn
with offices in Bay Harbor Islands and Miami
value seen: Miami
https://www.linkedin.com/company/verzasca-group

Partners

3 partners
Charleville Development Corp.
contractor

Construction of Pearl House and Le Jardin.

New Wave Loans
funder

$25.7 million construction loan for Aurora.

Compass
partner

Sales and marketing of the Aurora condo tower.

Sources: name

PRESS2015-07-10

Verzasca taps contractor for Bay Harbor Islands projects

The Real Deal
Paul Murphy, president of Charleville Development Corp., will lead the construction for Pearl House and Le Jardin.
value seen: Charleville Development Corp.
https://therealdeal.com/miami/2015/07/10/verzasca-taps-contractor-for-bay-harbor-islands-projects/

Sources: partner type

PRESS2015-07-10

Verzasca taps contractor for Bay Harbor Islands projects

The Real Deal
Paul Murphy, president of Charleville Development Corp., will lead the construction for Pearl House and Le Jardin.
value seen: CONTRACTOR
value paraphrased from this source
https://therealdeal.com/miami/2015/07/10/verzasca-taps-contractor-for-bay-harbor-islands-projects/

Sources: summary

PRESS2015-07-10

Verzasca taps contractor for Bay Harbor Islands projects

The Real Deal
Paul Murphy, president of Charleville Development Corp., will lead the construction for Pearl House and Le Jardin.
value seen: Construction of Pearl House and Le Jardin.
held out of the figures · the quote does not carry this value
https://therealdeal.com/miami/2015/07/10/verzasca-taps-contractor-for-bay-harbor-islands-projects/

Sources: name

PRESS2018-12-20

Verzasca | Sunny Isles Beach Condo Market

The Real Deal
The firm secured the loan from New Wave Loans, a nonbank lender based in North Miami Beach
value seen: New Wave Loans
https://therealdeal.com/miami/2018/12/20/491415/

Sources: partner type

PRESS2018-12-20

Verzasca | Sunny Isles Beach Condo Market

The Real Deal
The firm secured the loan from New Wave Loans, a nonbank lender based in North Miami Beach
value seen: FUNDER
value paraphrased from this source
https://therealdeal.com/miami/2018/12/20/491415/

Sources: summary

PRESS2018-12-20

Verzasca | Sunny Isles Beach Condo Market

The Real Deal
Verzasca Group just scored a $25.7 million construction loan for its Aurora condo project in Sunny Isles Beach.
value seen: $25.7 million construction loan for Aurora.
https://therealdeal.com/miami/2018/12/20/491415/

Sources: name

PRESS2021-07-13

Compass Takes Over Sales of Verzasca’s Sunny Isles Condos

The Real Deal
Compass is taking over sales and marketing of Verzasca Group’s condo tower under construction in Sunny Isles Beach.
value seen: Compass
https://therealdeal.com/miami/2021/07/13/russian-developer-taps-compass-to-take-over-sales-of-aurora-condo-tower-in-sunny-isles/

Sources: partner type

PRESS2021-07-13

Compass Takes Over Sales of Verzasca’s Sunny Isles Condos

The Real Deal
Compass is taking over sales and marketing of Verzasca Group’s condo tower under construction in Sunny Isles Beach.
value seen: OTHER
value paraphrased from this source
https://therealdeal.com/miami/2021/07/13/russian-developer-taps-compass-to-take-over-sales-of-aurora-condo-tower-in-sunny-isles/

Sources: summary

PRESS2021-07-13

Compass Takes Over Sales of Verzasca’s Sunny Isles Condos

The Real Deal
Compass is taking over sales and marketing of Verzasca Group’s condo tower under construction in Sunny Isles Beach.
value seen: Sales and marketing of the Aurora condo tower.
held out of the figures · the quote does not carry this value
https://therealdeal.com/miami/2021/07/13/russian-developer-taps-compass-to-take-over-sales-of-aurora-condo-tower-in-sunny-isles/

Registrations & licences

COMPANY NUMBERM14000006756
Florida Division of Corporations · United States · ACTIVE
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

0 countries

What they build

3 types
Residential, for sale3 of 3
Retail1 of 3
Mixed use1 of 3
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
DK
Darius Kasparaitis
Kasparaitis is a co-founder and former President who led project management and creative direction for Verzasca’s developments. The company’s launch material identifies him as a former NHL player; his LinkedIn profile records the Verzasca role from Jun 2014 to Oct 2023, so current status on October 14, 2026 is uncertain.
Current title
Co-Founder and President
since Jun 2014
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Co-FounderFormer NHL player
https://linkedin.com/in/darius-kasparaitis-92380080
I always liked real estate when I was playing and I was fortunate to meet a lot of the right people. Forbes March 31, 2015https://www.forbes.com/sites/davidlariviere/2015/03/31/former-nhl-veteran-darius-kasparaitus-is-building-condos-in-miami/

Sources: full name

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Created in August 2014 by former NHL star Darius Kasparaitis alongside finance and real estate professionals Gennady Barsky and Tim Lobanov
value seen: Darius Kasparaitis
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: linkedin page

SOCIAL2026-09-07

Darius Kasparaitis

LinkedIn
# Darius Kasparaitis
value seen: https://linkedin.com/in/darius-kasparaitis-92380080
https://linkedin.com/in/darius-kasparaitis-92380080

Sources: quote

PRESS2015-03-31

Former NHL Veteran Darius Kasparaitis Is Building Condos In Miami

Forbes
“I always liked real estate when I was playing and I was fortunate to meet a lot of the right people,” Kasparaitis said.
value seen: I always liked real estate when I was playing and I was fortunate to meet a lot of the right people.
https://www.forbes.com/sites/davidlariviere/2015/03/31/former-nhl-veteran-darius-kasparaitus-is-building-condos-in-miami/

Sources: since

SOCIAL2026-09-07

Darius Kasparaitis

LinkedIn
Co Founder and president - Verzasca Group Jun 2014 - Oct 2023
value seen: Jun 2014
https://linkedin.com/in/darius-kasparaitis-92380080

Sources: summary

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Darius Kasparaitis, who played 14 years in the NHL ... serves as the President of Verzasca Group leading and overseeing the project management for the firm's developments as well as driving the creative direction of the firm.
value seen: Kasparaitis is a co-founder and former President who led project management and creative direction for Verzasca’s developments. The company’s launch material identifies him as a former NHL player; his LinkedIn profile records the Verzasca role from Jun 2014 to Oct 2023, so current status on October 14, 2026 is uncertain.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: tags

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Founded by Darius Kasparaitis and Gennady Barsky in 2014
value seen: Founded by Darius Kasparaitis and Gennady Barsky in 2014
value paraphrased from this source
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: tags

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Created in August 2014 by former NHL star Darius Kasparaitis
value seen: former NHL star Darius Kasparaitis
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: title

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Darius Kasparaitis ... serves as the President of Verzasca Group leading and overseeing the project management for the firm's developments as well as driving the creative direction of the firm.
value seen: President
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html
GB
Gennady Barsky
Barsky co-founded Verzasca and was identified as Executive Chairman, responsible for business direction and capital raising and deployment. His later personal career chronology says he served as Executive Chairman during 2014–2016; no retrieved source establishes that he remained in the role in 2026.
Current title
Executive Chairman
since 2014
Experience
no career length stated
Companies before
Charles Schwab & Co.rates.comB Cubed VenturesAuthernative, Inc.JetSmarter
Education
not published
Other boards
none sourced
Known for
Co-FounderExecutive ChairmanCapital raising
https://linkedin.com/in/gennadybarsky
Delivering each phase of the project on time, per our initial plan, has always been so important to us. Verzasca Group via PR Newswire September 17, 2015https://www.prnewswire.com/news-releases/south-florida-real-estate-developer-verzasca-group-breaks-ground-on-le-jardin-residences-and-pearl-house-projects-in-bay-harbor-islands-300145231.html

Sources: full name

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Created in August 2014 by former NHL star Darius Kasparaitis alongside finance and real estate professionals Gennady Barsky and Tim Lobanov
value seen: Gennady Barsky
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: previous companies

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
Gennady Barsky worked in San Francisco as a cybersecurity consultant for Charles Schwab.
value seen: Charles Schwab
https://gennadybarsky.com/story/

Sources: previous companies

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
Gennady Barsky created an online financial mortgage marketplace
value seen: rates.com
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://gennadybarsky.com/story/

Sources: previous companies

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
Gennady Barsky founded B Cubed Ventures, a boutique venture capital firm.
value seen: B Cubed Ventures
https://gennadybarsky.com/story/

Sources: previous companies

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
Gennady Barsky’s interest in financial services and technology continued with Authernative, Inc., which he founded in 2000.
value seen: Authernative, Inc.
https://gennadybarsky.com/story/

Sources: previous companies

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
After Barsky stepped down as President in 2017, the company ran into trouble.
value seen: JetSmarter
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://gennadybarsky.com/story/

Sources: quote

COMPANY2015-09-17

South Florida Real Estate Developer, Verzasca Group, Breaks Ground on Le Jardin Residences and Pearl House Projects in Bay Harbor Islands

Verzasca Group via PR Newswire
"Delivering each phase of the project on time, per our initial plan, has always been so important to us," said Gennady Barsky, Executive Chairman of Verzasca Group.
value seen: Delivering each phase of the project on time, per our initial plan, has always been so important to us.
https://www.prnewswire.com/news-releases/south-florida-real-estate-developer-verzasca-group-breaks-ground-on-le-jardin-residences-and-pearl-house-projects-in-bay-harbor-islands-300145231.html

Sources: since

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
[2014-2016] As executive chairman of the Verzasca Group, Gennady Barsky played a critical financial and management role in developing South Florida luxury real estate.
value seen: 2014-2016
https://gennadybarsky.com/story/

Sources: summary

OTHERdate not shown in source

Gennady Barsky | Story

Gennady Barsky
As executive chairman of the Verzasca Group, Gennady Barsky played a critical financial and management role in developing South Florida luxury real estate.
value seen: Barsky co-founded Verzasca and was identified as Executive Chairman, responsible for business direction and capital raising and deployment. His later personal career chronology says he served as Executive Chairman during 2014–2016; no retrieved source establishes that he remained in the role in 2026.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://gennadybarsky.com/story/

Sources: tags

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Founded by Darius Kasparaitis and Gennady Barsky in 2014
value seen: Founded by Darius Kasparaitis and Gennady Barsky in 2014
value paraphrased from this source
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: tags

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Gennady Barsky is the Executive Chairman of Verzasca Group
value seen: Executive Chairman
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: tags

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
with a specific focus on raising and deploying capital
value seen: raising and deploying capital
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: title

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Gennady Barsky is the Executive Chairman of Verzasca Group, responsible for setting the company's general business direction through tactical planning with a specific focus on raising and deploying capital.
value seen: Executive Chairman
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html
TL
Tim Lobanov
Lobanov was identified as Managing Director and as one of the people who formed Verzasca. Sources describe him as responsible for day-to-day operations, marketing strategy and execution of the founders’ development vision; independent reporting still identified him as Managing Director in 2024.
Current title
Managing Director
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Managing DirectorReal-estate development
Work email: tlobanov@verzasca-group.com1 Email
https://linkedin.com/in/timlobanov
That's why we designed our buildings to meet the growing demand for affordable luxury in one of the hottest up and coming neighborhoods in South Florida. Verzasca Group via PR Newswire September 17, 2015https://www.prnewswire.com/news-releases/south-florida-real-estate-developer-verzasca-group-breaks-ground-on-le-jardin-residences-and-pearl-house-projects-in-bay-harbor-islands-300145231.html

Sources: email

PRESS2016-03-23

The Intersection Of Air Travel And South Florida Real Estate

Inman Real Estate News
Tim Lobanov is the managing director of the Verzasca Group. Email Tim Lobanov (tlobanov@verzasca-group.com)
value seen: tlobanov@verzasca-group.com
https://www.inman.com/2016/03/23/the-intersection-of-air-travel-and-south-florida-real-estate/

Sources: full name

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Created in August 2014 by former NHL star Darius Kasparaitis alongside finance and real estate professionals Gennady Barsky and Tim Lobanov
value seen: Tim Lobanov
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: linkedin page

SOCIAL2026-09-05

Tim Lobanov

LinkedIn
# Tim Lobanov
value seen: https://linkedin.com/in/timlobanov
https://linkedin.com/in/timlobanov

Sources: quote

COMPANY2015-09-17

South Florida Real Estate Developer, Verzasca Group, Breaks Ground on Le Jardin Residences and Pearl House Projects in Bay Harbor Islands

Verzasca Group via PR Newswire
"That's why we designed our buildings to meet the growing demand for affordable luxury in one of the hottest up and coming neighborhoods in South Florida – Bay Harbor Islands."
value seen: That's why we designed our buildings to meet the growing demand for affordable luxury in one of the hottest up and coming neighborhoods in South Florida.
https://www.prnewswire.com/news-releases/south-florida-real-estate-developer-verzasca-group-breaks-ground-on-le-jardin-residences-and-pearl-house-projects-in-bay-harbor-islands-300145231.html

Sources: summary

PRESS2021-07-13

Compass Takes Over Sales of Verzasca’s Sunny Isles Condos

The Real Deal
The developer, led by managing director Tim Lobanov, tapped the brokerage to handle sales and marketing
value seen: Lobanov was identified as Managing Director and as one of the people who formed Verzasca. Sources describe him as responsible for day-to-day operations, marketing strategy and execution of the founders’ development vision; independent reporting still identified him as Managing Director in 2024.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://therealdeal.com/miami/2021/07/13/russian-developer-taps-compass-to-take-over-sales-of-aurora-condo-tower-in-sunny-isles/

Sources: tags

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Tim Lobanov, Managing Director of Verzasca
value seen: Managing Director
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html

Sources: tags

PRESS2015-02-19

Verzasca Group | Pearl House | Le Jardin | Bay Harbor Island

The Real Deal
Their development experience comes from building residential communities and public infrastructure projects in Russia.
value seen: development experience
value paraphrased from this source
https://therealdeal.com/miami/2015/02/19/russian-developers-planning-700m-in-projects/

Sources: title

COMPANY2015-02-19

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

Verzasca Group via PR Newswire
Tim Lobanov, Managing Director of Verzasca, plays a key role in the execution of the creative vision ... He is responsible for supervising all of Verzasca Group's day-to-day business operations and developing marketing strategies
value seen: Managing Director
https://www.prnewswire.com/news-releases/international-real-estate-developer-verzasca-group-enters-us-market-launches-residential-developments-in-south-florida-300038461.html
RT
Roman Temkin
Independent reporting based on court documents identifies Temkin as a true owner of Verzasca Group; the same report says LinkedIn and ZoomInfo listed him as a partner. A 2024 report again described him as the owner, making him the strongest documented ownership candidate, although the retrieved evidence does not provide a formal appointment date.
Current title
Owner / partner
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
OwnerPartner
https://linkedin.com/in/roman-temkin-037b7819a

Sources: full name

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Court documents indicate Temkin and Romantsoff ... are the true owners of Verzasca Group
value seen: Roman Temkin
held out of the figures · the quote does not carry this value
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: linkedin page

SOCIALdate not shown in source

Roman Temkin - Verzasca Group | LinkedIn

LinkedIn
Roman Temkin - Verzasca Group | LinkedIn
value seen: https://linkedin.com/in/roman-temkin-037b7819a
https://linkedin.com/in/roman-temkin-037b7819a

Sources: summary

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Court documents indicate Temkin and Romantsoff ... are the true owners of Verzasca Group
value seen: Independent reporting based on court documents identifies Temkin as a true owner of Verzasca Group; the same report says LinkedIn and ZoomInfo listed him as a partner. A 2024 report again described him as the owner, making him the strongest documented ownership candidate, although the retrieved evidence does not provide a formal appointment date.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: tags

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Court documents indicate Temkin and Romantsoff ... are the true owners of Verzasca Group
value seen: true owners
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: tags

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Linkedin and Zoominfo profiles for Temkin and Romantsoff list them as partners in Verzasca Group.
value seen: profiles ... list them as partners in Verzasca Group
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: title

PRESS2024-04-08

Alex Karakhanian Sells Miami Home to Verzasca Group Exec

The Real Deal
Temkin is married to Roman Temkin, owner of the Verzasca Group
value seen: true owners
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://therealdeal.com/miami/2024/04/08/alex-karakhanian-sells-miami-home-to-verzasca-group-exec/
DR
Dmitry Romantsov
Court-based reporting identifies Romantsov—also spelled Romantsoff—as a true owner of Verzasca Group and says professional profiles listed him as a partner. A business directory separately lists Dmitry Romantsov as Managing Director; because that conflicts with the ownership description and is a weaker source, the title is reported with the uncertainty visible.
Current title
Owner / partner; also listed as Managing Director
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
OwnerPartnerAlternative spelling: Romantsoff

Sources: full name

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Court documents indicate Temkin and Romantsoff ... are the true owners of Verzasca Group
value seen: Dimitry Romantsoff
held out of the figures · the quote does not carry this value
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: summary

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Temkin and Romantsoff — who also uses the spelling Romantsov — are the true owners of Verzasca Group
value seen: Court-based reporting identifies Romantsov—also spelled Romantsoff—as a true owner of Verzasca Group and says professional profiles listed him as a partner. A business directory separately lists Dmitry Romantsov as Managing Director; because that conflicts with the ownership description and is a weaker source, the title is reported with the uncertainty visible.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: tags

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
are the true owners of Verzasca Group
value seen: true owners
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: tags

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Linkedin and Zoominfo profiles for Temkin and Romantsoff list them as partners in Verzasca Group.
value seen: list them as partners in Verzasca Group
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges

Sources: tags

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Romantsoff — who also uses the spelling Romantsov
value seen: also uses the spelling Romantsov
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/

Sources: title

PRESS2020-04-20

Cannabis Entrepreneur Sues Russian Bay Harbor Developers

The Real Deal
Court documents indicate Temkin and Romantsoff — who also uses the spelling Romantsov — are the true owners of Verzasca Group
value seen: true owners
value paraphrased from this source
https://therealdeal.com/miami/2020/04/20/russian-bay-harbor-developers-ran-california-cannabis-business-into-the-ground-lawsuit-alleges/
MC
Martina Copkov
Copkov is documented as Verzasca’s Real Estate Development Sales Executive, with a reported start in January 2017. The available evidence places her in sales rather than ownership or executive management, so she is included only as the sixth documented seniority-tier candidate after the owners and operating leaders.
Current title
Real Estate Development Sales Executive
since January 2017
Experience
no career length stated
Companies before
Beachfront Realty Inc.Morgan StanleyGiorgio Armani CosmeticsLeaf Realty
Education
not published
Other boards
none sourced
Known for
Real-estate development sales
Work email: martina@verzasca-group.com1 Email

Sources: email

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Email Martina Copkov at martinac83@hotmail.com and martina@verzasca-group.com.
value seen: martina@verzasca-group.com
https://contactout.com/martina-copkov-88674

Sources: full name

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Martina Copkov Real Estate Development Sales Executive at Verzasca Group
value seen: Martina Copkov
https://contactout.com/martina-copkov-88674

Sources: previous companies

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Luxury Real Estate Specialist at Beachfront Realty Inc. in January 2014 - January 2017
value seen: Beachfront Realty Inc.
https://contactout.com/martina-copkov-88674

Sources: previous companies

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Wealth Management Financial Advisor Associate Program at Morgan Stanley in January 2013 - January 2014
value seen: Morgan Stanley
https://contactout.com/martina-copkov-88674

Sources: previous companies

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Beaute Analyst at Giorgio Armani Cosmetics in January 2012 - January 2013
value seen: Giorgio Armani Cosmetics
https://contactout.com/martina-copkov-88674

Sources: previous companies

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Business Broker Assistant at Leaf Realty in January 2011 - January 2012
value seen: Leaf Realty
https://contactout.com/martina-copkov-88674

Sources: since

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Real Estate Development Sales Executive at Verzasca Group in January 2017 - Present
value seen: January 2017
https://contactout.com/martina-copkov-88674

Sources: summary

DIRECTORYdate not shown in source

Martina Copkov Email & Phone Number | Verzasca Group

ContactOut
Real Estate Development Sales Executive at Verzasca Group in January 2017 - Present
value seen: Copkov is documented as Verzasca’s Real Estate Development Sales Executive, with a reported start in January 2017. The available evidence places her in sales rather than ownership or executive management, so she is included only as the sixth documented seniority-tier candidate after the owners and operating leaders.
value paraphrased from this source
https://contactout.com/martina-copkov-88674

Sources: tags

DIRECTORYdate not shown in source

Verzasca Group

ConnectPlex.ai
Martina Copkov Real Estate Development Sales Executive Contact Martina Copkov
value seen: Real Estate Development Sales Executive
https://connectplex.ai/company/verzasca-group-5329701

Sources: title

DIRECTORYdate not shown in source

Verzasca Group

ConnectPlex.ai
Martina Copkov Real Estate Development Sales Executive Contact Martina Copkov
value seen: Real Estate Development Sales Executive
https://connectplex.ai/company/verzasca-group-5329701

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

3 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
AuroraSunny Isles Beach, United States
residential for sale, retail, mixed use61117268,032 sq ftUSD 25.7m
construction loan		—2015late 2015Jan 2019 – Dec 2019Jan 2023 – Dec 2023+48.0 mo
(+37.0 to +59.0)		sourcedcompleted
Pearl HouseBay Harbor Islands, United States
residential for sale151737,686 sq ft——2014December 2014Mar 2017Jan 2020 – Dec 2020+39.5 mo
(+34.0 to +45.0)		sourcedcompleted
Le Jardin ResidencesBay Harbor Islands, United States
residential for sale301780,017 sq ft——2015Feb. 19, 2015Mar 2017Jan 2019 – Dec 2019+27.5 mo
(+22.0 to +33.0)		sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
MILESTONE September 25, 2020
Aurora Sunny Isles Beach topping-out milestone · Aurora Sunny Isles Beach
S. Florida Business & Wealth reported that Aurora’s topping-out completed the building’s main structure; the project was being developed by Verzasca Group.
MILESTONE November 13, 2017
Aurora described as the first west-side Collins Avenue project in more than a decade · Aurora Sunny Isles Beach
MultifamilyBiz reported that Verzasca Group’s Aurora was the first project developed on the west side of Collins Avenue/A1A in more than a decade when construction began.
MILESTONE April 2, 2017
Two boutique condo projects topped out · Pearl House and Le Jardin Residences
The Real Deal reported that Verzasca Group’s Pearl House and Le Jardin Residences had topped out, with the two projects collectively 75% sold at the time of reporting.
MILESTONE June 11, 2015
Pearl House sold out · Pearl House
The Real Deal reported that Verzasca Group’s 15-unit Pearl House condominium was sold out before construction began.
GOVERNMENT RECOGNITION August 11, 2015
City approval for Aurora condo development · Aurora Sunny Isles Beach
A Greenberg Traurig announcement reported that Verzasca Group received Sunny Isles Beach city approval for Aurora, described as the first new condominium development on the west side of Collins Avenue in more than 10 years.

Risks

Risk flags

6 found
FINANCIAL DISTRESS Bankruptcy filing reported July 16, 2019; plan approval and foreclosure avoidance reported February 26, 2020.
Verzasca’s Le Jardin Residences project filed for Chapter 11 reorganization after an EB-5 lender brought a lawsuit alleging that the development group owed money on a loan and recorded a lis pendens; the project’s representatives said it was solvent, and the bankruptcy plan was later approved, avoiding foreclosure and allowing sales to resume.
DELIVERY DELAY Prolonged timeline reported July 13, 2021; earlier end-2020 completion target reported December 20, 2018.
Aurora, Verzasca’s 61-unit Sunny Isles Beach tower, had been in the works for nearly six years by July 2021 and was still expected to need about six more months before completion, indicating a materially prolonged delivery timeline relative to its earlier announced end-2020 target.
PROJECT CANCELLED Site sale reported October 26, 2018.
Verzasca sold its 2000 Biscayne Boulevard development site after changing the proposed project from condominiums to a 36-story rental tower; the buyer was described as a long-term holder not planning to immediately develop the site, so the announced Verzasca tower was not delivered as planned.
PROJECT CANCELLED 2018-10-26 (source publication; sale reported as completed in October 2018)
Verzasca Group’s planned 2000 Biscayne Boulevard residential tower in Miami’s Edgewater was abandoned when its 2000 Biscayne Boulevard LLC sold the development site in October 2018 before construction; the buyer did not plan to develop immediately.
DELIVERY DELAY 2018-12-20 commitment; 2021-07-13 continued construction; completed in 2023 (reported 2024-04-08)
Verzasca Group’s Aurora condo tower in Sunny Isles Beach missed its stated end-2020 completion commitment: in July 2021 it was still under construction and expected in about six months, while later reporting says it was completed in 2023.
FINANCIAL DISTRESS 2019-07-16 filing; 2020-02-26 resolution
Verzasca Group’s Le Jardin Residences in Bay Harbor Islands entered Chapter 11 reorganization in July 2019 amid an EB-5-loan dispute and lis pendens, although the bankruptcy plan was approved in February 2020, foreclosure was avoided and residents were already living there.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.