South Florida developer and longtime real estate attorney, Isaac Kodsi, died last weekend at the age of 59.
Isaac founded and led Ark Capital Group, a Pembroke Pines-based real estate investment firm that specializes in debt and equity for projects that are under $50 million.
“We are deeply saddened by the unexpected passing of Isaac Kodsi,” according to a statement from a family spokesperson. “We ask for privacy and respect for Isaac’s family as they navigate this difficult time.”
Kodsi is survived by his wife, Teresita Kodsi, four children and his siblings, who include his brother, developer Dan Kodsi. No cause of death was revealed.
Isaac Kodsi was completing construction of Arbor Residences in Coconut Grove, a condo project that he acquired out of foreclosure in 2023, and was working with two of his adult children, Joseph and Camilla, at Ark Capital.
He lived in Coconut Grove, where he also founded and ran Shake Wellness in his backyard. It’s a trampoline-based fitness class business. Arthroscopic surgery to fix a knee injury left him with chronic pain and he decided to try jumping on his kids’ trampoline.
“I knew right away that a trampoline workout was a game-changer that needed to be developed and brought to market,” Kodsi told Voyage MIA.
Shake Wellness was designed to be accessible for many people, Kodsi has said.
“This is a place of possibility, that’s all I can say,” he said in a video he posted on social media last week. “I don’t care your shape, I don’t care the age, I don’t care what condition you’re in. I don’t care what you are, who you are.”
Kodsi started Shake Wellness after practicing real estate law in Florida for nearly 30 years, working on sales contracts, developer rezonings and construction projects. When the recession hit, he purchased non-performing loans and repositioned the assets backed by those loans.
Kodsi attended Boston University for his undergraduate degree and attended St. Thomas University for law school.
In 2023, he acquired the Arbor property at 3034 Oak Avenue in Miami from the previous developer. Kodsi returned the original buyers’ deposits and paid the contractor and subcontractors that had been working on the building. Had the lender foreclosed on the Coconut Grove site, the buyers likely would not have received their deposits back. He hired Sandra Moss from Cervera Real Estate to relaunch sales, and the project is more than 50 percent sold.
The Kodsi family spokesperson said that a contingency plan is in place, and the development is moving forward as planned.
“Arbor was a true passion project for Isaac, he cared deeply about creating something lasting and meaningful for the neighborhood he loved,” according to the statement.
This story will be updated as more information becomes available.
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