Ricardo Vadia, Founding Partner of ROVR Development, is a Miami born and raised executive who has successfully completed numerous projects by strategically acquiring land, and forging relationships with institutional investors and construction lenders.
Prior to ROVR Development, Ricardo founded Vadia Development in 2011. Amongst other projects, the company is recognized for developing 109 Tower and 4th Street Commons, which combined consisted of over 1,100 student housing beds in an emerging neighborhood within the City of Sweetwater.
The company worked closely with Sweetwater to realize its vision for the University City District, an area of the city located immediately north of Florida International University’s Modesto Maidique Campus. The newly created district allowed for the development of buildings with increased densities for certain projects, including mixed-use, high-rise, student
housing.
Vadia’s developments were the first to be delivered within this district where such projects were unprecedented. The result has been a development of a sub-market of housing and new commercial uses which have delivered the envisioned integration of the day-to-day activities of the City of Sweetwater and FIU.
Before founding his own company, Ricardo Prior was a developer for 10 years with The Related Group, one of the nation’s largest developers. At Related, he oversaw the development of over 2,500 condominium and multi-family units.
With each project, Ricardo oversaw all phases of development, including financial modeling, market analysis, land acquisition, partnership agreements, design programming, entitlements, leasing, sales and marketing, budget creation and management, construction, and asset management.
Ricardo received his MBA from Northwestern University’s Kellogg School of Management, and a BBA from Florida International University.