Michael Shvo
| Michael Shvo | |
|---|---|
 |
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| Born | December 29, 1972 |
| Citizenship | American |
| Education | B.A. Bar-Ilan University |
| Occupation | Real Estate Developer |
| Known for | Founder of SHVO, real estate development company |
| Spouse(s) | Seren Shvo |
| Children | Emma Shvo |
| Website | www |
Michael Shvo (born December 29, 1972) is a real estate developer based in New York City with offices in New York, London, and Dubai. He is the President and CEO of SHVO, a real estate development company he founded in 2004.
Shvo was raised in Arsuf, Israel, by parents who were both chemistry professors. He completed his military service in Israel and received a B.A. in finance at Bar-Ilan University. In 1996, he emigrated to the United States from Israel with only $3,000 to his name.
Shvo initially managed a fleet of taxis prior to landing a job as a real-estate broker with Douglas Elliman, the largest brokerage in New York. In 2003, at the age of 30, he achieved more than $300 million in sales from more than 400 deals, becoming the firm's top broker. He created his own group within the firm and managed a staff of 27 people. He left the firm in 2004 to launch his own international real estate firm, SHVO. His firm currently develops high end properties internationally. From 2003 through 2008, he performed $15 billion in real estate transactions worldwide, including Nurai, a private island off the coast of Abu Dhabi. Additional developments in New York included the Bryant Park Tower,The Lumiere on 53rd Street in Manhattan, Gramercy Starck designed by Philippe Starck, Jade by Jade Jagger, Fultonhaus, as well as Amangiri in Utah and Nizuc in Mexico. He was known for creating the marriage of fashion and real estate with his project 20 Pine Armani Casa, where Armani was hired to design the interior of the building.
Shvo took a break from real estate in 2008, focusing on his passion for art. He got back into the real estate market in 2013, initially purchasing a Getty Oil gas station at the corner of 10th Avenue and 24th Street in West Chelsea, Manhattan. He paid $23.5 million for the property which was a record price for per buildable square foot in Manhattan. Prior to the development of the property, he turned the former gas station into a public art space. The inaugural show "Sheep Station" featured a white picket fence, grass and trees around the gas pumps, and 25 grazing concrete sheep sculptures by late artist François-Xavier Lalanne. The site is planned to be developed into high-end luxury condominiums, with Peter Marino designated as the architect for both the interior and exterior of the project.
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