North Development was founded when two entities, both with extensive knowledge and experience gained from successfully developing innovative projects, joined forces.
Oak Capital is a real estate investment and development company whose founder, Ricardo Dunin, has over 35 years of experience in the U.S., the Caribbean and Brazil. He was responsible for the development of three Ritz-Carlton Residences (Miami Beach, Singer Island and Pompano Beach), the development and brand creation of Le Sereno Hotel in St. Barth, and the development of 12 hotels with Accor in Rio de Janeiro.
Edifica, a real estate developer, builder and fund manager from Peru with 20 years of experience and 64 delivered projects, is the foremost developer for investor-driven, short-term-rental-friendly condo projects in the country.
Given their very complementary experiences and skill sets, together they bring a wealth of expertise for the creation of a sophisticated brand. North Development’s mission is to develop new value-added concepts from the ground up that maximize value for investors and create comfortable experiences for guests. With a focus on quality and innovation, North Development aims to set itself apart in the marketplace and become a trusted name in the residential condo industry.
Executive Leadership
Ricardo Dunin Founding Partner & Director
Ricardo Dunin, has over 35 years of experience in the US, the Caribbean, and Brazil. He is responsible for the development of three Ritz-Carlton Residences (Miami Beach, Singer Island, and Pompano Beach), the development and brand creation of Le Sereno Hotel in St. Barth, and the development of 12 hotels with Accor in Rio de Janeiro.
Juan Carlos Tassara Founding Partner & Director
Juan Carlos Tassara is a partner at North Development, a real estate development company based in Miami, where he plays a key role in bringing innovative residential projects to one of the most competitive markets in the world. He is also a founding partner and director of Group Edifica in Peru, where he has led the company’s growth and expansion in the residential sector since 2005. In addition, he is managing parter at Produktiva, a construction firm, and Core Capital, a real estate investment fund management company.
Eduardo Vargas Founding Partner & President
Eduardo Vargas is an accomplished real estate executive with over 20 years of experience in development and strategic operations. He is a Partner and President of North Development Group, a Miami-based firm specializing in high-rise condominium projects designed for the short-term rental market. Prior to founding North Development, Eduardo co-founded Vertika, a real estate development firm in Peru. Eduardo holds a degree from CENTRUM PUCP, the business school of the Pontificia Universidad Católica del Perú.
Arturo Vidal Founding Partner & VP of Finance
Arturo Vidal, CFA, is a seasoned financial professional with extensive experience in real estate development and finance. He is a Partner and VP of Finance at North Development Group, where he leads financial strategy and execution for high-rise condominium projects totaling more than 1,500 units across South Florida. Arturo is a CFA charterholder, a designation recognized globally for its rigorous emphasis on investment analysis, ethics, corporate finance and portfolio management. He holds a Master of Business Administration (MBA) in Real Estate and a Master of Science in Finance (MSF) from the University of Miami, where he graduated with high honors, as well as a Bachelor of Arts in Economics and Computer Science from Middlebury College.
Jorge Ruiz Founding Partner
Jorge Ruiz Ortiz is a partner and director at Grupo Edifica in Peru and at North Development in the United States, two leading real estate development firms with a shared focus on innovation, design, and long-term value creation. With over 20 years of experience in the industry, he has been involved in the development of more than 65 residential and mixed-use projects, primarily in Lima and Miami. He also serves as managing partner at Produktiva, Edifica’s construction company, and is a partner at Core Capital, a real estate investment fund.
Martin Bedoya Founding Partner
Martin Bedoya is a serial entrepreneur focused on innovation in real estate and finance. He is a partner at North Development, Edifica, one of the leading residential developers in Peru, and of Core Capital, a real estate-focused asset manager. He is also the CEO of Sabbi, a wealth management platform designed to democratize access to high-quality investment opportunities. Martin holds an MBA from Stanford Graduate School of Business.
TEAM
Ivan Heredia
Director of Development
Maria Valdez
Director of Marketing
Alejandro Arellano
Sr. Development Manager
Rita Gonzalez
Design Manager
Luis Miguel Revoredo
Development Associate
Laura Piedrahita
Data Analyst
Rosa Ramentol
Contract Administrator
Lori Buckler
Office Administrator
Claryssamanda Mayorga
Events Manager
Katherine Ossa
Marketing Associate
Sebastian Baltodano
Financial Associate
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