Ten custom residences in and around the Alphabet Streets of Pacific Palisades, designed and built by Roman James Design Build and sold through Compass. Every home is built in certified non-combustible concrete, the first of its kind approved by the City of Los Angeles.
The Palisades lost more than 6,000 homes in the January 2025 fire, and roughly 340 rebuild projects were under construction as of mid-2026. The Alphabet Streets sit inside the rebuild corridor, minutes from PCH. Rick Caruso’s Palisades Village reopened on 15 August 2026, nineteen months after the fire, 99 percent leased, one block from our target parcels. Phoenix Development Group and Galaxy Venture Capital are co-sponsoring a ten-home phased custom rebuild in the corridor. Roman James Design Build is the architect, builder, interior designer and fire technology provider on all ten homes, under one contract. Dan Urbach at Compass Pacific Palisades is the exclusive listing agent and our partner on both land acquisition and resale. Alter Mile Group is co-sponsor and co-general partner. The team is contracted at portfolio scale rather than one home at a time, and every residence is built in a non-combustible concrete system that no competing house in the corridor can offer.
Every competing house going up in the corridor is framed in timber. Every home in this programme is built in certified non-combustible concrete, the first of its kind approved by the City of Los Angeles. One is standing in the Palisades today.
Development, sourcing, contractor management and on-the-ground project delivery. Jeff runs the programme in the field, from parcel identification through to certificate of occupancy.
Fund sponsorship, LP relationships, capital deployment, reporting and governance. Adam is responsible to investors for the structure, the disclosure and the money.
Managing Principal of Alter Mile Group. More than $800 million of equity and debt financings closed and over $4 billion of career transactions across the institutional real estate market.
Development, structured finance and capital placement across residential, commercial and institutional real estate.
Figures describe the prior experience of the sponsor principals. They are not the track record of Phoenix Development Fund I, which has not yet acquired a property.
Beverly Hills design-build firm delivering architecture, engineering, interior design, staging and construction under one roof, as architect and general contractor of record. Designed, built and sold 1181 North Hillcrest Road for $70,000,000 in December 2014, at the time the highest recorded residential sale in the history of Beverly Hills. BuildZoom score placing the firm in the top one percent of California licensed contractors. Supplies the non-combustible aerated concrete system used on every home in this program, the first of its kind approved by the City of Los Angeles.
The number one broker in Pacific Palisades pre-fire by career sales volume. More than $1.5 billion in career closings. Named among the top 50 residential agents nationally by the Wall Street Journal and RealTrends. Malibu native with thirty years of Westside real estate experience, and currently leading Palisades post-fire land and lot sales. His own home is recovering after the January 2025 fire. Partnered with the fund on both land acquisition and resale, and will pre-sell ahead of completion. No pre-sale activity is credited in the model.
Total LP capital $26.2M. Cash return 55.4%. Pipeline life 30 months. Base case assumes a sale at $1,900 per above-grade square foot. These are projections, not results. No property has been acquired and no home has been sold. Actual outcomes may differ materially and adversely from the figures shown. Sensitivity scenarios and full assumptions are in the capital package.
Dan Urbach’s own home is recovering after the January 2025 fire. Others on the extended team lost homes themselves or watched close family lose theirs. Phoenix Development Group is here because rebuilding this neighbourhood matters, and because a house that cannot burn is the right way to rebuild it.
The Phoenix Development Fund I capital package is available to qualified accredited investors under Regulation D. Request access to receive the investor presentation and set up a call.
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