MIAMI—Diego Besga has been in the commercial real estate industry for over a decade—that means he's been through at least one tough cycle. Now, the COO and director of Business Development for Team Real Estate Development (TRED) has his sights set on Hollywood, FL.

TRED is developing H3 Condominium, a modern residential tower with luxury residents. GlobeSt.com caught up with Besga to discuss his approach to development and how he views the affordability gap in this exclusive interview.

GlobeSt.com: Because Miami is such an international city, when you're first evaluating developments do you consider features that would be popular with international buyers? Or do you build for Miami's native populace?

Besga: We consider features for the Miami buyer regardless of where they are from because they are all looking for the same thing—being in Miami, investing in Miami and everything else that comes with it.

GlobeSt.com: Residential construction spending is up year-over-year, but it seems to be directed toward more expensive projects. Have you noticed this? And what does that mean for lower income and middle-class buyers?

Besga: I believe the rise in construction spending is related to more expensive projects. But I am certain it is time to begin looking into those two other markets as well.

GlobeSt.com: You've said that what fuels your passion for real estate is “the constant dynamic” of the business. Could you elaborate on what you mean by that?

Besga: The constant changes on the market—the trends, and being aware and knowledgeable of the next big thing. Even though we are in a luxury market right now we need to be prepared to supply housing for middle and lower class buyers. The real estate business is in constant motion—new buildings, locations, trends, et cetera. There is always something new to do, to build.