Andres Klein, Founder & Managing Partner, BH Investment Group

In an interview with Invest:, Andres Klein, founder and managing partner at BHIG Real Estate, shared insights into the firm’s key milestones, sustainable practices, creative vision, and the evolving demands in real estate. He also highlighted the company’s philanthropic commitment through its Home4Home initiative.

What have been the key milestones over the past year for BH Investment Group?

The last 12 to 18 months have been eventful. It’s been a time that required creativity and agility to adapt to different scenarios. Within this period, one of our significant achievements was getting approval for one of our latest projects, The Vessel.

This project is located at the corner of 26th and 1st in the center of Wynwood, and it’s a true jewel. I believe it will transform the neighborhood. We worked with Touzet Studio, one of the best architects in town, known for designing the Apple and Nike stores, to create something extraordinary. The design is very special, combining retail, food, beverage, and entertainment into one cohesive space.

Getting this project approved was a major milestone, and we are now moving forward with plans to start construction in the first quarter of 2025.

How would you describe the real estate investment and development landscape in Miami?

The market has experienced some ups and downs. Until mid-year, it was relatively soft, which many would agree was a plateau following the significant growth post-pandemic. After a period of rapid expansion, it’s natural for the market to stabilize.

Interest rates have played a major role in this. Real estate growth is closely tied to interest rates, and their recent stabilization has brought some positive signals. Since mid-year, we’ve started seeing improvement, and Miami, in particular, has remained resilient even as other states and cities faced more significant challenges.

Looking at asset types, the story varies. In multifamily, there has been some overbuilding, which will need time to be absorbed, perhaps over the next few months to a year. The industrial market remains robust and continues to grow, as does Miami’s office market. Despite challenges in office markets across other states, Miami’s office sector is still thriving, with major companies like Citadel moving in and boosting demand. In our portfolio, for instance, occupancy rates are at 95%, which is far above the national average.

The condo and housing market depends on the location. Prime, waterfront properties remain extremely strong, but there has been overbuilding in areas further from the water. This will require some adjustment time.

Overall, Miami has demonstrated remarkable resilience. Since mid-year, and especially following the elections, we’re seeing a renewed push in the market, which should drive prices and occupancies upward again. While different asset types have unique challenges, Miami’s overall trajectory remains strong.

How does BHIG incorporate creative vision and execution into its projects to stand out in a competitive market?

Creativity and out-of-the-box thinking are at the heart of our approach. The Vessel is a good example. For this project, we partnered with a highly talented architect to realize our vision for a full building dedicated to entertainment. There’s nothing else like it in the area, not even in Wynwood or other nearby neighborhoods. The concept combines five distinct restaurant ideas in one building, creating a dynamic environment where the venues interact and enhance each other.

For instance, the ground floor could house a coffee shop and market, while the middle floor might feature a boutique-style restaurant. The upper floor includes a rooftop bar and restaurant with sweeping views. This concept allows visitors to enjoy a complete entertainment experience in one location, eliminating the need to move between venues or deal with traffic.

The building itself is iconic. Its design evokes the shape of a vessel, and it will be a landmark in the area. Our process always starts with understanding the community’s needs and identifying what’s missing. From there, we bring in the right architect or designer to translate that vision into reality. For The Vessel, we specifically sought out someone with the creative depth of experience that comes from designing iconic spaces like Apple stores.

Our goal is to deliver projects that are not only functional but also transformative, elevating both the area and the experiences of the people who engage with them.

How does BHIG integrate sustainable practices into its projects?

If you look at the renderings of our projects, it becomes clear what we’re aiming to achieve. For example, The Vessel features significant open-air spaces that seamlessly interact with the street. One of its standout elements is a large set of stairs, almost like a stadium, where people can freely transition from the street into the building. This creates a sense of integration between the building and the surrounding neighborhood, making them feel like one cohesive entity instead of isolating the building as a box within the community.

We’ve also incorporated extensive vegetation throughout the project, ensuring a strong focus on sustainability and environmental harmony. These design elements reflect our commitment to integrating our projects into their environments in thoughtful and impactful ways.

How has demand for amenities evolved in residential and commercial real estate?

Amenities are always a focal point where developers seek to differentiate their projects by creating something unique. In Miami, especially in the condo and high-end multifamily markets, we’ve seen a significant evolution. Traditional amenities like cigar and wine storage, pools, and spas remain common, but there’s been a shift toward incorporating trending sports such as pickleball and paddle tennis into developments.

On another front, we’re addressing the growing demand for workspaces within residential projects. One of our upcoming developments is a 600-unit condo project with micro-units, heavily equipped with workspaces. Post-pandemic, remote work has surged, and while some companies are calling employees back to the office, there’s still a strong trend toward flexible work.

This project is designed for modern professionals who may work for global companies but live or travel far from their physical offices. It includes shared amenities such as coworking lounges, private Zoom rooms, and interactive common areas where residents can work, socialize, and take breaks without leaving the building. The idea is to provide the best of both worlds: spaces for focused work and opportunities for social interaction, all within a single, well-equipped building.

What are your top priorities and goals for the company over the next few years?

For me, it’s all about creating meaningful, impactful projects. I’m not interested in cookie-cutter developments or building just for the sake of building. Every project we take on must have a unique edge, whether it’s transforming a neighborhood, setting a trend, or creating something truly special. Projects like The Vessel and others we’re working on reflect this philosophy.

In addition to real estate, philanthropy is a cornerstone of our work. A few years ago, we launched a program called Home4Home. For every condo or multifamily unit we build or sell, we donate one home to a family in need in Latin America. These transitional homes, which cost around $2,500 each, make a tremendous difference for families living in extreme poverty.

To date, we’ve delivered more than 100 homes through this initiative. What’s exciting is that this model is gaining traction — five or six other developers in Latin America have already joined the program. The structure is designed to be efficient, even allowing developers to give back in their home countries through a tax-efficient setup. For example, a Colombian developer can contribute to communities in Colombia.

This initiative isn’t just about wishful thinking; it’s practical, scalable, and impactful. Looking ahead, my focus is on projects with purpose, projects that leave a legacy. Whether it’s making a tangible difference in underserved communities or creating iconic developments, everything we do is guided by intention and a desire to create lasting value.