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Yamal Yidios | |
|---|---|
| Born | 1982 (age 41–42)[1] |
| Education | University of Florida, MA[2] Harvard Business School, EMBA[3] |
| Occupation(s) | Founder and CEO, Ytech |
| Spouse | Vanessa Moorefield-Yidios[4] |
| Website | ytech |
Yamal Yidios is a Colombian-American businessman and engineer known for founding Ytech, a luxury real estate and property development firm based in Miami, Florida.[3]
Early life and education
editYidios was born and raised in Cartagena, Colombia.[2] In his youth, Yidios attended an American english-speaking school while living in Colombia (George Washington School).[5]
Yidios began his college experience studying Physics and Financial Mathematics at Stetson University, focusing on physics and financial mathematics, where he also played NCAA tennis.[5][6] He studied civil and structural engineering at the University of Florida, and continued on to earn his master’s degree in engineering and urban development.[2] He eventually earned his executive’s master degree at Harvard Business School.[3] Yidios also completed education at London’s Royal College of Art, focusing on architecture and design thinking.[7]
Career
editYidios worked for various property development firms, earning 5 years of experience before founding Ytech, a luxury real estate and property development firm.[2] He is also active within various organizations, including the Urban Land Institute’s Southeast/Caribbean Advisory Board, the Harvard Alumni Real Estate Board, and the Coral Gables Museum. Yidios is a member of the Young Presidents' Organization, the Latin Builders Association, and the American Society of Civil Engineers.[7]
Ytech
editYtech was founded by Yidios in 2008, amidst the financial crisis at the time. The company focuses predominantly on the development of luxury residences in urban centers.[2] The company is responsible for structures within Miami’s Brickell neighborhood, including the Residences at 1428 Brickell[8] the Nolan House mansion, one of the few remaining structures from Miami’s original Millionaire’s Row,[9] and 1500 Brickell Avenue, known as Chateau Petite Duoy.[10] As of October 2022, Ytech has developed more than 7,000 residential units in the Southeastern United States with an investment of $2 billion. The company has a development pipeline of more than $3 billion luxury condos.[4][11]
1428 Brickell
editIn January 2017, Yidios bought 1428 Brickell out of foreclosure, totaling $26.5 million and “tens of millions more” to settle claims and non-real estate matters.[1] In an interview with Forbes, Yidios announced plans to re-develop 1428 Brickell into the first high-rise residential tower in the world that runs partially on solar energy, and the first to use photovoltaic glass. The 70-story tower was designed by ACPV Architects Antonio Citterio and Patricia Viel, based out of Milan.[3]
Personal life
editYidios is married to his wife, Vanessa Moorefield-Yidios. They have three children.[7][4]
In 2021, Yidios sold his penthouse at Grovenor House in Coconut Grove for $7.7 million.[4]
In March 2022, Yidios sold his Brickell penthouse at the Four Seasons Residences for $11 million, a 150% gain from what he had paid the year prior. He then purchased a combined unit on Fisher Island in Miami Beach for $17.5 million.[4]
References
edit- ^ a b LeClaire, Jennifer (January 24, 2017). "Yidios Marks Big Win With BankUnited Buy Out of Foreclosure". Globest.com.
- ^ a b c d e f Caparroso, José (October 9, 2020). "El colombiano que creó desde cero un emporio inmobiliario en Estados Unidos". Forbes.co.
- ^ a b c d Caparroso, José (January 12, 2023). "Este colombiano está detrás del proyecto arquitectónico de lujo más importante de Miami en estos momentos". Forbes.co.
- ^ a b c d e Kallergis, Katherine (March 17, 2022). "Ytech CEO flips Brickell penthouse and buys $17.5M Fisher Island condo". TheRealDeal.com.
- ^ a b Staff, SFBW (December 4, 2015). "The Relentless Millennial". SFBWmag.com.
- ^ "Stetson University - Team Roster - Yamal Yidios". CollegeTennisOnline.com.
- ^ a b c "Yamal Yidios Forbes Business Council". councils.Forbes.com.
- ^ Paynter, Sarah (November 8, 2023). "As Billionaires Move to Miami, Developers Roll the Dice With High-Priced Listings". WSJ.com.
- ^ Residence, Haute (June 13, 2023). "Ytech Reveals Experiential Sales Gallery for The Residences at 1428 Brickell at the Historic Nolan House". HauteResidence.com.
- ^ Kallergis, Katherine (September 1, 2022). "Ytech buys historic Brickell château, plans restoration". TheRealDeal.com.
- ^ Villanueva, Erika (October 19, 2022). "Yamal Yidios, el colombiano encargado de construir un lujoso edificio en Miami". LAFM.com.