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. Jeff has spent his career in Los Angeles luxury residential development and brings deep relationships across architects, builders, and permit expeditors in the West Los Angeles market. He was personally involved in every stage of the Alphabet Streets project from land acquisition through team assembly.
jeff@phoenixgroup.dev
+1.310.433.8365
Adam Lewis is the Managing Partner of Galaxy Venture Capital (GVC), which serves as the capital co-sponsor on Phoenix Development Group projects. Adam leads capital deployment, LP relationships, fund structuring, reporting, and governance. He is a Certified Public Accountant with career experience across investment banking, real estate development, and private capital markets. Adam works alongside Jeff on all PDG deals to ensure capital deployment aligns 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.
Underwriting is conservative. Base case sale assumptions are set below where the market has historically transacted for comparable product. 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 Finalis Securities LLC. Member FINRA and SIPC. 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.
