A Los Angeles residential development firm building high-design custom homes in premium Southern California corridors.
Phoenix Development Group is a Los Angeles residential real estate development firm focused on high-design custom homes in premium neighborhoods. The firm partners with best-in-class architects, builders, and sales teams to deliver projects that carry real design and construction credentials, not just marketing language.
PDG operates on a joint-venture model with capital partners, structuring each project as a set of Special Purpose Vehicles (SPVs) to isolate execution and provide clean visibility into every home. The firm’s flagship project is a ten-home phased rebuild in the Alphabet Streets corridor of Pacific Palisades, co-sponsored with Galaxy Venture Capital.
Jeff Bowman leads project delivery for Phoenix Development Group. His role covers deal sourcing, land acquisition, contractor and design team management, permitting, construction oversight, and on-the-ground project execution. He spent more than a decade in residential mortgage lending, including as Vice President of Mortgage Lending at Guaranteed Rate and as co-founder of a multi-state mortgage brokerage, and began his career in securities at UBS and Intrepid Securities. He holds an MBA in Real Estate from Chapman University.
jeff@phoenixgroup.dev
+1.310.433.8365
Adam Lewis is the Managing Partner of Galaxy Venture Capital (GVC), the capital co-sponsor on Phoenix Development Group projects. He leads capital deployment, LP relationships, fund structuring, reporting, and governance.
His experience spans industrial, commercial, and multifamily development, large-scale disaster relief programs involving the United States Department of Defense, and reshoring manufacturing capacity to the United States. He began his career at KPMG and is an inactive California CPA. Adam works alongside Jeff on every deal to keep capital deployment aligned with construction and delivery milestones.
adam@galaxyventurecapital.com
+1.818.519.0026
Every Phoenix Development Group project runs on a joint-venture partnership between PDG (development execution) and a capital co-sponsor (currently Galaxy Venture Capital). PDG contributes deal sourcing, design and construction management, and on-the-ground delivery. GVC contributes capital deployment, LP relationships, and fund governance. Both entities are represented at the GP level with alignment of interest across every SPV in the pipeline.
Covitus Capital, LLC acts as placement agent for Phoenix Development Fund I, with securities offered through GT Securities, Inc., Member FINRA/SIPC (CRD #116012). Andrew leads investor introductions, subscription processing, and accredited investor verification for the offering. Investment decisions, fund governance, and management of the Fund remain with the Manager.
Andrew’s investment banking practice covers energy, oil and gas, infrastructure, maritime, and special situations. He was previously Managing Director of investment banking at Young America Capital and a Director in turnaround and restructuring advisory at Mackinac Partners, and served as Chief Restructuring Officer and interim President of Patriot Precast. He began his finance career as a private equity analyst at Apollo Global Management.
Before finance, Andrew spent a decade as a marine and subsea engineer with Transocean, Seadrill, and Edison Chouest Offshore, and served eleven years as a Lieutenant in the United States Navy Reserve.
He holds an MBA in Finance and Strategy from Boston University’s Questrom School of Business and a BSc in Marine Engineering from Massachusetts Maritime Academy. He is a registered representative of GT Securities, Inc., Member FINRA/SIPC (CRD #116012).
Covitus Capital is not affiliated with Phoenix Development Group or Galaxy Venture Capital.
Underwriting is conservative. Base case sale assumptions are set in the lower half of the tier where comparable named-architect product has historically transacted, and land is underwritten below the corridor median. Sensitivity is modeled at multiple exit price points. Downside scenarios are shared with LPs, not hidden.
Every project is executed with best-in-class partners in their respective disciplines. Team quality is not a cost center; it is the primary risk mitigation.
Sponsor promotes are structured to align with LP outcomes, not to extract fees. GP participation sits above a preferred return and only kicks in above defined thresholds. LPs are made whole first.
Investor materials are dense with numbers, dates, names, and citations. Vague claims are not used. If something cannot be defended with data, it is not written into a deal package.
The Phoenix mark predates the January 2025 Palisades fires. It has always represented what the firm believes about residential development: that great neighborhoods deserve to be rebuilt with care, not just with capital. That belief is why we are here.
Securities are offered through Covitus Capital, LLC via GT Securities, Inc., Member FINRA/SIPC (CRD #116012). This site does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only pursuant to a definitive private placement memorandum, subscription agreement, and other offering documents to qualified accredited investors as defined under Regulation D of the Securities Act of 1933.