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MG Developer announced on January 10, 2023, that it has named Catie Naranjo as Chief Development Officer (CDO). As CDO, Naranjo’s primary role includes managing investor, lender, and stakeholder relations which goes hand-in-hand with MG Developer nearing the $1 billion benchmark of real estate developments ranging from $6 million to $270 million in scope.
Naranjo earned an MRED degree from the University of Miami, and with MG Developer having launched three developments in and around the city limits of Coral Gables, Naranjo will be returning her focus to the area. She will also be focusing some of her time on financial underwriting and review, coordination between various arms of the development team, and tracking projects and budgets.
Prior to this role, Naranjo spent 12 years managing projects ranging in size from small private ventures to large-scale, high-profile endeavors. Naranjo’s skill set also includes investing and developing her own successful real estate ventures, allowing her to have a longer perspective on risk management, creative problem-solving, and long-term visioning.
The Village, by MG Developer
“We have been working with Catie for the last couple of years, and she has been truly instrumental in getting several of our projects in line from the initial investor and planning phase to breaking ground,” said, Alirio Torrealba, CEO & Founder of MG Developer. “Through her level of expertise, proficiency, and guidance, we have remained at the forefront of development in South Florida in this niche market, and I am certain that she will successfully continue to bring our vision and plans to life with her new role at MG.”
The three developments MG Developer has launched include the developer’s second multifamily apartment community, Merrick Parc, sitting just outside of Coral Gables’ city limits, Alhambra Parc, located in Coral Gables’ Northside entrance is a structure with 72 condominium units and retail on the ground floor and The Village at Coral Gables enclave, 48 luxury residences spread amongst 17 lots.
For more information on developments to come and MG Developer, check out www.MGDeveloperMiami.com.
