South Florida  ·  Owner  ·  Developer  ·  General Contractor

We acquire, envision, entitle, and build exciting projects.

A vertically integrated developer and licensed Florida general contractor, with a pipeline anchored by the Nautico District on the New River in downtown Fort Lauderdale.

$2.0BPipeline value on completion
15Projects delivered
7.2MGross square feet delivered
01  /  Platform

One balance sheet, four functions, no handoffs.

Most sponsors coordinate a developer, a contractor, and a manager across three sets of incentives. We hold all four roles in-house. That is where our cost certainty and schedule control come from — and every dollar of margin stays in the deal.

01

Own

We invest our own capital alongside partners in every project we sponsor.

02

Develop

Site assembly, entitlement, and design management — including sites others will not underwrite.

03

Build

Licensed Florida general contractor. Self-performed preconstruction and buyout let us commit to a GMP earlier than most.

04

Manage

Asset management through stabilization, with in-house accounting and quarterly partner reporting.

02  /  Portfolio

Every project, the role we held, and who held it.

Projects sponsored by Cymbal DLT Companies are reported separately from projects led by our principals before the firm was formed. Figures are total project scope, not Cymbal DLT’s ownership interest.

ProjectMarketScale StoriesGSFValue PrincipalStatus
Cymbal DLT Companies — Active Owner, developer & general contractor
The Nautico DistrictFort Lauderdale, FL Master-planned waterfront — 1,200+ units, 6 phases 352,000,000+$1.40B Cymbal DLT 2026–32
Midtown MiamiMiami, FL Mixed-use — Midtown / Wynwood 301,000,000+$600M Cymbal DLT In development
Cymbal DLT Companies — Delivered Owner, developer & general contractor
Laguna GardensMiami Gardens, FL Multifamily — 341 units, 13.63 acres 4400,000$150M Cymbal DLT 2025
Oasis Pointe ResidencesDania Beach, FL Multifamily — 301 units + marina 8500,000$130M Cymbal DLT 2022
Design 41Design District, Miami, FL Boutique office + retail 8100,000$60M Cymbal DLT 2019
Cymbal DLT HQ MidtownMiami, FL Commercial + retail 225,000$27M Cymbal DLT 2009
Subtotal — delivered by Cymbal DLT Companies 1,025,000$367M642 units
Principal-level experience prior to Cymbal DLT Projects led by Asi Cymbal or Hector Torres
Marquis Residence & Hotel TempoMiami, FL306 units + hotel + retail 701,200,000Developer repHector 2006
Viscayne (Everglades on the Bay)Miami, FL870 units 522,200,000Developer rep · CMHector 2003
Downtown by Philippe StarckFinancial District, Manhattan400 units 421,100,000Developer repAsi 2005
Parc at Turnberry IsleAventura, FL111 units — 2 towers 28525,000Owner rep · CMHector 2001
Faena House CondominiumsMiami Beach, FL47 units — Foster + Partners 18132,000Owner rep · CMHector 2011
River LoftsTribeca, Manhattan68 units — landmark 13200,000Developer repAsi 2005
SpringSoHo, Manhattan42 units — conversion 10100,000Developer repAsi 2005
Boulevard 57Miami, FL294 units — mixed-use 8325,000Developer · GCHector 2020
Ritz-Carlton ResidencesMiami Beach, FL111 branded residences 8163,000Owner rep · CMHector 2018
Dadeland TowersMiami, FL4-tower office complex 891,720Construction mgrHector 2008
Country Club CenterMiami, FLOffice towers 8195,000Developer repHector 2002
Subtotal — principal-level, prior to Cymbal DLT 6,231,7202,249 units
03  /  Flagship

The Nautico District — a marina district on the New River.

A master-planned waterfront district on 6.5 acres at 413 SW 3rd Avenue in downtown Fort Lauderdale, rising to 35 stories across more than 2 million gross square feet and built out in six phases between 2026 and 2032. Cymbal DLT is owner, developer, and general contractor across the district.

The Nautico District, south view of the district
Nautico District arrival court and podium
Arrival court
Nautico District marina frontage on the New River
Marina frontage
South view of district  ·  Renderings: Arquitectonica and PALMA
Phase 01

R3: The Raintree

305 rental units · 24 stories

Phase 02

Luxury Residential Rentals

345 rental units · high-rise on the New River

Phase 03

Branded Residences

185 branded condominium residences

Phase 04

Branded Hotel

125-room hotel

Phase 05

Branded Serviced Apartments

360 serviced apartment units

Phase 06

Marina

Private marina and waterfront expansion

$1.40BTotal development value
1,200+Residential units
6.5Acres, New River frontage
2026–32Build timeline
04  /  Selects

Three projects that show the platform working.

05  /  Press

Covered by the outlets our capital partners read.

Connect CREDeveloper obtains refi for Fort Lauderdale waterfront developmentFeb 2026 Linkvest CapitalLinkvest closes $34.4M refinance and pre-development bridge loan for the Nautico District waterfront siteFeb 2026 TradedLinkvest Capital provides $34.375M refinance loan for development site in Fort LauderdaleFeb 2026 The Real DealAsi Cymbal named to The Real Deal's Top 100 Real Estate Titans of the YearJan 2026 Connect CREMiami investor closes on $27M refi, 35-story tower on wayApr 2025 Florida YIMBY$27M refinancing secured for Midtown Miami high-rise developmentApr 2025 Florida YIMBYCymbal DLT closes on $114M financing for Laguna Gardens in Miami GardensMar 2025 BisnowSouth Florida Deal Sheet: Cymbal DLT lands $114M for Miami Gardens Live Local projectFeb 2025 Commercial ObserverApollo, RXR lend $114M for new Miami-Dade multifamily assetFeb 2025 The Real DealCymbal DLT scores $114M refi for Live Local Act apartment complex in Miami GardensFeb 2025 S. Fla Business JournalFort Lauderdale approves $1.5B project with marinaDec 2024 S. Fla Business JournalCymbal's chairman Asi Cymbal on the impacts of real estateDec 2024 Sun SentinelThree-tower project with yacht valet sails through approval in Fort LauderdaleDec 2024 S. Fla Business JournalLive Local Act high-rise planned in MiamiNov 2024 BisnowDevelopers say Miamians will have to get used to smaller apartmentsNov 2024 Authority MagazineLeading from the C-Suite: Hector Delatorres of Cymbal DLT on five things you need to be a highly effective C-suite executiveOct 2024 The Wall Street JournalFlorida's Live Local Act sparks new wave of housingDec 2023
The Real DealAsi Cymbal wins approval for first phase of $1.5B project with 1,200-plus residential units and hotelDec 2024 The Real Deal“Makes sense for all of us”: TRD Forum panelists talk Live Local ActNov 2024 Commercial ObserverSouth Florida Development and Investment Forum full of frank talkOct 2024 Commercial ObserverFive questions with Asi Cymbal of Cymbal DLTOct 2024 Bisnow‘A sea change in optimism’: real estate reacts to first interest rate cut in four yearsSep 2024 Sun-SentinelA growing skyline: five new towers planned for downtown Fort LauderdaleJul 2024 S. Fla Business JournalCommercial real estate developers in South FloridaJul 2024 S. Fla Business JournalDeveloper behind riverfront hotel/condo project scales down plansJul 2024 Commercial ObserverHow investors and developers are navigating a touch-and-go multifamily marketJun 2024 S. Fla Business JournalCymbal DLT awarded as one of 2024's Fastest-Growing CompaniesJun 2024 TradedWhat's the deal: Cymbal DLT completes the 341-unit Laguna Gardens Live Local projectMay 2024 World Red EyeCymbal DLT celebrates the grand opening of Laguna Gardens in Miami GardensMay 2024 CoStarOne of the first apartment projects under Florida's new affordable housing law opensMay 2024 The Real DealThe Weekly Dirt: it's go time for Live Local projectsMay 2024 Commercial ObserverDeSantis beefs up Live Local Act to boost construction of multifamily developmentMay 2024 BisnowDeSantis signs Live Local amendments, boosting tax breaks for developersMay 2024 The Real DealLive Local changes could propel workforce housing boom in South FloridaMay 2024 Miami TodayMiami luxury rentals' development outpaces demandMay 2024 S. Fla Business JournalAsi Cymbal and Hector Torres named 2024 Power Leaders in Real EstateApr 2024 BLDUPLaguna Gardens welcomes first residentsApr 2024 Florida YIMBYCymbal DLT completes construction of Laguna Gardens apartments in Miami GardensApr 2024 Multi-Housing NewsHarnessing the power of the Live Local Act: behind Miami's Laguna Gardens projectApr 2024 Multi-Housing NewsHow Miami's Laguna Gardens is harnessing the Live Local ActApr 2024 Commercial ObserverWhere to invest in South Florida commercial real estate: ForumMar 2024 Law360Revisions show Florida's dedication to affordable housing lawMar 2024 Commercial ObserverAs Miami's multifamily market moderates, new challenges emergeFeb 2024 CoStarFlorida's Live Local Act sparks new development while concerns fuel proposed changesFeb 2024 Commercial ObserverFlorida's Live Local Act has people picking sidesJan 2024 Highest & BestTall tower tusslesJan 2024 The Real DealConstruction lending swells in South Florida, bucking the national trendJan 2024 Axios1 big thing: rents are coolingJan 2024 Florida YIMBYLaguna Gardens to finish construction in 2024 in Miami GardensDec 2023 S. Fla Business JournalLive Local Act lets developer reduce taxes on new apartment complexDec 2023 The Real DealThe “worst is over”: Fed's planned rate cuts boost confidence for South Florida real estateDec 2023 CoStarLive Local Act multifamily project near Miami begins leasing effortDec 2023 RecognitionCymbal DLT named a Top 10 real estate developer in South FloridaAug 2023 Multi-Housing NewsCymbal DLT secures $95M for South Florida refiMay 2023 Real Estate NewsThe Siegfried and Roy house sells for $3 million, and more real estate newsMar 2023 PodcastThe art of real estate development with Asi CymbalFeb 2023 PodcastDiscovering passion and purpose: turning crisis into opportunity with Asi CymbalFeb 2023 FeatureInside downtown Fort Lauderdale's luxury development boomFeb 2023 Wharton Business DailyWharton Business Daily with Asi CymbalFeb 2023 Morning in AmericaBest time to buy a home in 2023Feb 2023 Real Estate WeeklyCymbal DLT breaks ground on new housing project in Miami GardensDec 2022 S. Fla Business JournalCymbal DLT reveals 50-story next phase of Raintree project in Fort LauderdaleNov 2022 Miami Gardens NewsCymbal DLT to construct residences in Miami Gardens after buying property from BlackstoneOct 2022 The Real DealCymbal DLT lands $31M construction loan for Fort Lauderdale apartment towersOct 2022 Commercial ObserverCymbal DLT secures $32M loan for Fort Lauderdale riverfront developmentOct 2022 BisnowCymbal DLT lands financing to ready $1B Fort Lauderdale project for constructionOct 2022 Real Estate WeeklyCymbal DLT closes on $17.5M loan for Midtown Miami projectSep 2022 Next MiamiEnrique Norten ‘high-design' apartment project planned across from Midtown MiamiSep 2022 The Real DealCymbal DLT nabs $102.5M loan for site purchase and construction of Miami Gardens apartmentsJun 2022 Commercial ObserverCymbal DLT to build multifamily complex near Miami with $103M from Ross' RelatedJun 2022 S. Fla Business JournalAsi Cymbal revises plan for Raintree Riverwalk Residences in Fort LauderdaleMar 2022 PR NewswireCymbal Development and DLT Global launch artists-in-residence program at Oasis PointeJan 2022 Sun SentinelFort Lauderdale's iconic rain tree will be moved to make way for twin towersJan 2022 BisnowDeveloper Asi Cymbal has $1B in projects in the pipeline in South FloridaOct 2021 Miami LivingCymbal Development and DLT Global host topping-off ceremony for Oasis Pointe ResidencesSep 2021 Smart Real Estate CoachBecoming a real estate developer, with Asi CymbalAug 2021 Voyage MIAMeet Asi CymbalMay 2021 Miami Global NetCymbal Development with Asi Cymbal: development, market and building communitiesMay 2021 Authority MagazineAsi Cymbal: five things you need to know to succeed in the real estate industryApr 2021 Multifamily BizCymbal Development breaks ground on Dania Beach's first waterfront apartment buildingMar 2021 Haute ResidenceAsi Cymbal talks Oasis Pointe Residences in Dania PointeMar 2021 Florida Construction NewsWork starts on estimated $76M Dania Beach multifamily communityMar 2021 Invest:Spotlight on Asi CymbalJan 2021 Multi-Housing NewsCymbal Development scores $60M loan for Florida projectDec 2020 S. Fla Business JournalAsi Cymbal obtains $60.3M construction loan for a Dania Beach apartment complexDec 2020 The Real DealCymbal scores $60M construction loan for Oasis Pointe apartments in Dania BeachDec 2020 The Real DealAsi Cymbal closes on multifamily development site in Dania BeachJul 2020 S. Fla Business JournalAsi Cymbal proposes development near Dania PointeSep 2019 S. Fla Business JournalCymbal named a Top South Florida Power Leader in commercial real estate for a fourth consecutive yearMay 2015 The Real DealThe Closing: Asi CymbalAug 2013 Brooklyn EagleBrooklyn native Asi Cymbal transforming the Fort Lauderdale waterfrontJul 2013 The Wall Street JournalMoving an octogenarian is tough, especially one that put down rootsFeb 2013

92 articles  ·  archive hosted at cymbaldlt.com/press

06  /  Leadership

Two principals, seventy-five years of development and construction.

Asi Cymbal

Chairman

Mr. Cymbal has over 35 years of experience in real estate development, construction, finance, and law. He has worked with architects and designers including Philippe Starck, Bjarke Ingels, Enrique Norten, Jo Palma, and Arquitectonica, as a first mover in neighborhoods at a critical point in their transition — Manhattan’s Financial District, Tribeca, SoHo, the Miami Design District, Midtown Miami, downtown Fort Lauderdale, Dania Beach, and Miami Gardens.

He serves on the University of Miami’s Real Property Development LLM Advisory Board, is Vice Chair of Florida International University’s College of Communication, Architecture + The Arts — Miami Beach Urban Studios, and sits on the board of Wynwood Norte.

Education
Vassar College · UCLA School of Law
Licenses
Attorney (NY, NJ, DC) · General contractor (FL)
Recognition
TRD100, 2026 · SFBJ Top 100 Power Leader

Hector Torres

Chief Executive Officer

Mr. Torres has more than 40 years in construction and development and has delivered over 3.5 million square feet of ground-up high-rise construction in South Florida. He began his career in New York City vocational union shops, working across the trades, before the unions sent him to Miami in 1992 to lead reconstruction following Hurricane Andrew.

By 1999 he had completed hundreds of major restoration projects for carriers including Travelers and Metropolitan. In the decade that followed he managed construction for institutional developers and owners through the renaissance of downtown Miami.

Education
Harvard GSD — AMDP in Real Estate
Licenses
General contractor · Appraiser · P&C agent (FL)
Experience
3.5M+ SF delivered
07  /  Capital

We build institutional-quality housing and hold it through stabilization.

Cymbal DLT sponsors develop-to-core housing and branded mixed-use in South Florida, co-investing alongside institutional and private capital partners. Capital partners receive quarterly reporting prepared in-house.

Strategy
Develop-to-core. Ground-up housing and branded mixed-use, held through stabilization.
Geography
Broward and Miami-Dade counties, with selective expansion across South Florida.
Structures
Joint ventures, programmatic co-GP arrangements, and project-level LP equity.
Lender relationships
Construction and permanent financing executed with: ApolloRXRRelated Fund Management3650 REITLinkvest CapitalNew Wave LoansCity National BankPacific National BankAmerant BankEvermore Bank
Alignment
Cymbal DLT co-invests in every project it sponsors and self-performs construction.
Disclosures

This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security, nor a commitment to lend or arrange financing. Any such offer will be made only pursuant to definitive documents to qualified investors. Project figures represent total project scope and do not reflect Cymbal DLT Companies’ ownership interest, invested capital, or returns to investors. Certain projects were led by the firm’s principals prior to the formation of Cymbal DLT Companies and are presented to illustrate principal-level experience. Renderings are conceptual and subject to change. Past performance is not indicative of future results. Real estate development involves substantial risk, including the potential loss of invested capital.