fbpx

Guru of the Gables

William Kerdyk Jr. talks about a career in real estate, banking and golf

By Kevin Gale | Photos by Ed Nercess, All Star Event Photography

William H. Kerdyk Jr. and his family have gone hand in hand with the growth of Coral Gables.

Kerdyk’s late father, William H. Kerdyk Sr., served on the city commission for 28 years, while Kerdyk completed his 20-year run on the city commission in 2015. Among his proudest accomplishments is promoting the development of the city’s trolley system, which transports 1.5 million passengers a year.

SFBW visited Kerdyk at the offices of Kerdyk Real Estate on Ponce de Leon Boulevard, a few blocks south of Miracle Mile.

Kerdyk was born at Doctors Hospital, went to Coral Gables High School and then Florida International University. After graduating with a bachelor’s in real estate, Kerdyk worked for an uncle who had a residential real estate company that began in 1926. Kerdyk bought the company in 1992 when it was a “sleepy” residential firm, he says. The business, which has 45 associates, is now 60 percent commercial real estate, 25 percent residential and 15 percent management.

Kerdyk also has achievements in banking and the golf industry. He is a former chairman of the Junior Orange Bowl Golf Tournament and organizes tournaments globally. He is also a partner in a business that manufactures golf clubs in China.

Through the Junior Orange Bowl, Kerdyk met a couple of Japanese businessmen and worked with them to start the Toyota Junior World Cup golf tournament in the 1990s. Kerdyk says he goes to Japan twice a year. “If you would have told me when I was 10 years old that I would spend a year of my life in Japan, I would have laughed,” he says. Not only is he an avid golfer, his sister, Tracy, was on the LPGA Tour after being NCAA player of the Year in 1988. She’s now a Realtor associate with her brother.

In 2006, Kerdyk founded the Bank of Coral Gables, which raised $20 million in capital. The bank got up to $220 million in assets, but like many banks, it had to shrink to meet regulatory requirements during the recession. “We didn’t have a lot of land loans,” he says. “We didn’t do crazy stuff. What we thought were good people just stopped paying us. It was brutal.” Kerdyk is now on the board of First American Bank, which acquired the Bank of Coral Gables in 2014.

When asked about his views on Coral Gables real estate, Kerdyk says the city has plenty of strength in its commercial market. He also sees retail real estate opportunity on Miracle Mile, which is getting a $20 million makeover. Leasing rates are $35 to $60 a square foot compared with $100 to $150 on Brickell Avenue. “I think you will see leasing prices and sales prices increase,” he says.

Kerdyk points to the wave of new development, too. For example, Paseo de la Riviera is a $172 million project with 224 residential units and 252 hotel rooms on the site of a Holiday Inn on South Dixie Highway near the University of Miami. And developers Armando Codina and Jim Carr are planning a 16-story, 214-unit apartment building at 2020 Salzedo Street, a few blocks north of Coral Way near Le Jeune Road.

The biggest project of all is Mediterranean Village at Ponce Circle, a 1 million-square-foot project with 214 condos, 15 town homes, stores and a luxury hotel. The 218-foot-tall project will be topped by a two-story restaurant.

With offices about a block away, Kerdyk is positioned as one of the dwindling number of real estate brokerages that aren’t part of a national network. Kerdyk says he competes by emphasizing technology and utilizing a growing number of research services. “I think that my positives are that I have a strong name in south Miami-Dade County, and I like the idea of having a strong local firm,” he says. “No matter how many of these larger nationwide companies you get, people still like doing business with brokers they can touch and know.”

Since leaving the Coral Gables city commission in April 2015, Kerdyk has brought more and more younger people into his firm, saying, “I feel these people are hungry, tech-savvy and smart.”

You May Also Like

American Heritage Schools Hosts Virtual Job Fair for Teachers

Educators around the U.S. are invited to attend.

Editor’s Letter: A Man of Nearly Unlimited Interests

Kevin Kaminski, Lifestyle Group Editor, was an honor to the profession of journalism.

Editor’s Letter: Face Time

The importance of showing up.

Kevin Kaminski (1963-2023)

The entire Lifestyle Media team—which includes South Florida Business & Wealth—is mourning the sudden loss of our extraordinary Lifestyle magazine Group Editor, Kevin Kaminski. We will honor his legacy in

Other Posts

Sommsation Celebrates “Liquid Art” During Miami Art Week

The state-of-the-art wine experience platform is the official Wine Experience sponsor of SCOPE Art Show 2023.

September Job Gains Good News for South Florida 

“September’s job report was the strongest since January of this year and showed an acceleration in late summer hiring,” says Tom Jalics, senior vice president, managing director and chief investment strategist at Fifth Third Private Bank.  

BE Connected Summit Aims to Help Small Business Owners

The group consists of powerhouse event professionals who wholeheartedly believe in the value of community. 

Editor’s Letter Expressions of Gratitude

We couldn’t do any of this without our readers and partners.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.