Yizhak Toledano is an American real estate developer living in South Florida. Toledano founded Sky Development, a real estate development company and investment firm in 2006. He also serves as Sky Development’s CEO.
Toledano moved to the United States in 2000. Upon arrival in the US at the age of 26, Toledano worked as a mortgage broker in a local bank. He used this time to learn all the facets of the real estate industry, particularly with regard to the financing and management of special projects. After a year, he felt ready to begin his own company and so he left his position as mortgage broker and in the fall of 2001 founded Toledano Holdings, LLC.
With the success of his initial company, Toledano was able to launch Skyrise Development Company, later to be named Sky Development in 2004. Based in Aventura, Florida. Sky Development was originally called Skyrise Development Group and founded in 2004. It established the precedent for Yizhak Toledano’s diverse business interests: real estate acquisition, development, remodeling of private homes, rehabilitation of commercial structures, market analysis, and asset management.
The company employs 30 professionals and maintains working relationships with an extensive array of professionals such as well-known architects, designers and planners.
Toledano has been involved in building projects in Miami, Palm Beach and across the state of Florida keyed to different markets. One of Yitzhak Toledano’s most successful and critically acclaimed projects integrates office space, a hotel, private residences and retail space in a single urban design.
In 2007 Yizhak Toledano was honored with the “Visionary Development Award” by the Miami Florida Developers & Builders Alliance Association for this massive project that consists of more than 630,000 sq ft of retail and office space, a 198 room hotel and private residences in a single urban design. It is one of the best examples of Toledano’s specialty in designing and creating self-contained communities, where one never has to leave.
Yizhak Toledano has made community-oriented condominium developments a special focus. Sky Development is responsible for the Villagio on the Lakes in Port Orange, Florida, a resort-style development in close proximity to the ocean. The townhouse market was also targeted by Sky Development with the Aqua Bella project in Dania Beach. The townhouse sector is a high growth area in Florida's resurgent housing market.
Toledano targeted the rental market by developing luxury rentals in Sunny Isles, a gated community with waterway views. Sky Development expanded into Nevada with ‘The Residence at Canyon Gate near Las Vegas, a luxury residence complex. The 504 units sold out in twelve months.
Yizhak Toledano is also active in commercial real estate.
In addition to his real estate development projects, Yizhak Toledano is an investor in the private banking industry. He has a 10% share in Marquis Bank which primarily services the local real estate development market. As an advisory board member, Toledano is able to lend his vast experience and expertise, particularly in business ethics and management to improving and strengthening the bank’s operations.
Personal and Philanthropy
In spite of his full agenda of real estate development undertakings and hectic corporate schedule, Yitzhak Toledano takes time to invest personally in a number of philanthropic endeavors. Yizhak Toledano is an orthodox Jew.