A total of six Miami pre-construction projects broke ground this September, of which three are located in Miami’s coveted Bay Harbor Islands – Solina Bay Harbor, the Bay Harbor Towers, and La Maré Signature Collection. After almost a year of inactivity, Abbhi Capital’s condo-hotel planned for Downtown Miami pushed for new permits. Midtown Development proposed a massive redevelopment of Coral Gables’ popular Sunset Place. And, three new condo projects secured key approvals.

This month, we also had Midtown’s Standard Residences and Grove Isle’s Vita Residences top off ahead of their 2025 completion. Read on to find out which other condo projects broke ground this month, along with details on other updates, in our monthly Miami condo pre-construction news roundup for September 2024:

September 2024 – Miami Condo Pre-Construction Market at a Glance

Broke Ground

• Rivage – Bal Harbour
• West Eleventh Residences – Downtown Miami
• Residences at Six Fisher Island – Fisher Island
• Solina Bay Harbor – Bay Harbor Islands
• Bay Harbor Towers – Bay Harbor Islands
• La Maré Signature Collection – Bay Harbor Islands

Topped Off

• The Standard Residences – Midtown Miami
• Vita Residences – Coconut Grove

Approved

• One W12 (One West Twelve Residences) – Downtown Miami
• Condo-hotel by German Group – Wynwood
• 33 Alhambra – Coral Gables

Planned/Proposed

• Redevelopment of the Shops at Sunset Place – Coral Gables
• Abbhi Capital’s Resi-Hotel Tower – Downtown Miami

Construction Updates

• Mercedes-Benz Places – Brickell
• Domus FLATS Brickell Center – Brickell
• Bentley Residences – Sunny Isles Beach
• Waldorf Astoria Hotel and Residences – Downtown Miami
• Edge House – Edgewater
• Lofty Brickell – Brickell

Other Updates

• Five Park – South Beach
• The St. Regis Residences – Brickell
• The George – Coral Gables
• ONE Park Tower by Turnberry at SoLé Mia – North Miami
• River District 14 – Miami River
• Vida Residences – Edgewater
• Pagani Residences – North Bay Village
• Witkoff Group’s Three-Tower Mixed-use Project – Downtown Miami

Watchlist

• Meta Development Buys 0.4-acre Parcel from Menesse – Brickell
• Treasure Island Cove Condo Sold in Bulk Buyout Deal – North Bay Village
• Urbin Miami Beach’s Former Site Up for Sale – South Beach

— Miami Pre-Construction Condos: Broke Ground September 2024 

Rivage – Bal Harbour

Groundbreaking – September 2024 | Completion – Early 2027

Breaking ground on schedule, co-developers Related Group, Two Roads, and Rockpoint celebrated the milestone with a ribbon-cutting ceremony this September. Fronting 200 feet of pristine ocean, Rivage will mark Bal Harbour’s first new development in over a decade. This once-in-a-generation luxury tower will rise 24 stories with only 61 “sky villa” condos.

Designed by New York’s Skidmore, Owings & Merrill (SOM) in collaboration with Miami Lake’s CFE Architects, the waterfront pre-construction will carry a tropical modern aesthetic, featuring three interconnecting glass ovals evoking a crystalline coral reef while maximizing water views. All residences will be built to offer a single-family home experience with open-concept floor plans, oversized terraces, and direct water views. With sublime interiors by Houston’s Rottet Studio, buyers can further look forward to custom kitchens with Sub-Zero and Wolf appliances, custom-designed bathrooms, and closets with imported Italian finishes.

Rivage will feature over 25,000 square feet of wellness-related amenities, including a fitness pavilion with panoramic views, a hammam spa, hot/cold plunge pools, pickle and paddle ball courts, a fully serviced beach club, and more. Other amenities will include a pool, a cocktail lounge with chef-driven food & beverage services, a world-class restaurant overlooking the beach, a VR game simulator, a kid’s playroom, plus a 24/7 residential butler and dedicated lifestyle concierge.

Rivage made headlines this July by unveiling its $75 million penthouse – one of Bal Harbour’s most expensive listings. The oceanfront sky mansion affords five bedrooms, seven bathrooms, three powder rooms, and approximately 4,918 square feet of exterior space.

Prices for remaining inventory at Rivage Bal Harbour start at $10 million, with a choice of 3,300-square-foot residences to 13,000-square-foot penthouses. Call or email us for this limited opportunity for a residence in this one-in-a-generation development. We have helped clients secure a residence here already and will be pleased to do the same for you. 

West Eleventh Residences – Downtown Miami

Groundbreaking – September 2024 | Completion – Mid to Late 2027

Nearly 100% sold out, with only a handful of developer units remaining, West Eleventh Residences broke ground on schedule this September. Co-developed by PMG, Lion Development Group, and Marc Roberts Companies, this will be Miami’s first short-term rental-ready condo tower built in direct partnership with Airbnb. As a result of this unique partnership, daily rentals will be managed via the hosting site’s centralized management platform, with comprehensive on-site support – affording owners truly flexible rentals.

Designed by the acclaimed Sieger Suarez, the 44-story tower will rise with 659 fully furnished residences, ranging from 344 to about 1,000 square feet in size. Featuring stunning interiors by Cotofana Designs, residences will come equipped with top-of-the-line appliances, the latest in smart home tech with integrated audio, video and lighting systems, plus panoramic bay and city views. 

A 30,000 square-foot, tri-level “experiential” entertainment venue will be the crown jewel of amenities. It will include multiple lounges, restaurants, plus a music venue. This ground-level haven will further feature a mirrored whale soaring through the 9,759-square-foot restaurant’s ceiling, and extending up to the third floor. There will also be a resort-style rooftop pool with glass floor, a resident’s sky lounge, a spa with cold plunge pool, a fitness center, a yoga and spin room, 4,840 square feet of offices, co-working lounges, eight floors of parking, and more.

Prices at West Eleventh Residences started in the mid-$400,000s, with a limited choice of fully-furnished studios and one-bedroom residences remaining.

Residences at Six Fisher Island – Fisher Island

Groundbreaking – September 2024 | Completion – 2026

Soon after closing on a $400 million construction loan this June, developers Related Group and BH Group broke ground on this ultra-exclusive pre-construction in September. Designed by Miami’s award-winning Kobi Karp Architects, the 10-story mid-rise will feature only 50 private residences with sophisticated interiors by the London-based Tara Bernerd and Partners. 50% pre-sold, the project achieves the rare feat of building estate-style condos on Fisher Island’s last developable parcel.

Located along 650 linear feet of pristine shoreline, the 6.5-acre development is envisioned to elevate the level of luxury and service available in one of the world’s most prestigious island communities. Palatial units at this bespoke condo project will range from a sprawling 3,872 to 15,000 square feet. Expect private elevator entry to each residence, 15-foot-deep terraces with direct ocean views, custom-designed kitchens with full-height wine storage and coffee systems, oversized primary suites with midnight bar, custom flooring throughout, and more.

With more than 55,000 square feet of amenities, residents will have every desirable service at hand, including a private dock with a houseboat and three lobbies with separate concierges. Highlight amenities include membership to the exclusive Fisher Island Club with golf course and racquet club, two separate, resort-style pool decks with cabanas, poolside service, two bayfront lounges, a sanctuary spa with hot and cold plunge pools, a multisport simulator game room, and a bayfront fitness center.

Other amenities at this highly exclusive project include a bayfront restaurant helmed by a celebrated chef, in-residence dining and catering from the signature restaurant, a speakeasy-style cocktail bar, an amenity deck with a padel ball court and children’s playroom, a high-tech board room, a house car, and residential butler. There will also be luxury guest suites available for friends and family, along with three parking spaces with each residence – two for cars and one for a golf cart (the island’s preferred mode of transport). 

Prices for remaining residences at Six Fisher Island start at upwards of $4,000 per square foot, with a choice of three- to eight-bedroom residences. Call or email us for expert buyer representation in this previously invite-only residential opportunity.

Solina Bay Harbor – Bay Harbor Islands

Groundbreaking – September 2024 | Completion – Q4 2025

At 50% pre-sold in just six months, Solina Bay Harbor broke ground as planned. Developed by RedHoek + Partners, the boutique project will afford a unique “blend of urban sophistication with a coastal lifestyle” in one of Miami’s most coveted island neighborhoods.

Designed by CLA+D, Pliskin Architecture (PANYC), and FAB314, Solina will rise only 7 stories with no more than two residences per floor. Units will range from 1,400 to 2,600 square feet in size, with two- to four-bedroom layouts.

Standout amenities at this highly exclusive boutique development include a rooftop tranquility pool with summer kitchen, a fitness center with cold plunge, a private courtyard lobby, and more. Featuring separate storage space for all, the stunning property will be home to 7 expansive residences and two penthouse villas.

Prices for remaining units at Solina Bay Harbor start at just under $1.7 million, with a choice of two to four-bedroom residences.

Bay Harbor Towers – Bay Harbor Islands

Groundbreaking – September 2024 | Completion – Early 2026

Developers PPG Development and L3C Capital broke ground on the exquisite Bay Harbor Towers this September. Designed by the internationally acclaimed Kobi Karp, this 8-story waterfront enclave will rise with only 44 fully furnished residences and a private marina. Units will range from a generous 1,857 to 4,902 square feet. The project is 50% pre-sold.

Built using sustainable materials, the twin towers will qualify for a Florida Green Building Coalition certification upon completion. All units will feature direct water views, extra-large flow-thru floorplans, sunrise and sunset terraces, interiors by Pompano Beach-based Steven G, large format Italian porcelain flooring, and more high-end touches. 

In terms of amenities, this waterfront pre-construction will feature a rooftop oasis with a 55-foot infinity pool and sunset jacuzzi, a 50-foot indoor heated saltwater lap pool, an advanced fitness center with equipment by Paragon, a wellness spa with hot and cold plunge pools, landscaping by CLAD, an owner’s lounge with news café, a water sports launch dock, and a 12-slip private marina.

Prices for remaining inventory at Bay Harbor Towers start at $2.6 million, with a choice of two- to four-bedroom plus den residences. Call or email us directly to schedule a private presentation of your next home in this exquisite masterpiece. 

La Maré Signature Collection – Bay Harbor Islands

Groundbreaking – September 2024 | Completion – Early 2026

Chicago-based Regency Development Group broke ground on the first of its three luxury condo projects slated for Bay Harbor Islands this September. Designed by Kobi Karp and with interiors by the Brazil-based Debora Aguiar Arquitetos, La Maré’s Signature Collection will rise eight stories with only nine exclusive residences.

While the building’s top four floors will house only one residence per floor, the rest of the building will feature three-bedroom residences plus a standout residence at the lobby level. Units will range from 2,100 to more than 4,200 square feet in size.

Inspired by the movement of water, this boutique tower will feature modern, light-filled luxury homes that honor their physical environment. With recycled materials at its foundation, the low-impact, all-glass building will be constructed on elevated pilings to easily accommodate high and low tides. The LEED-certified tower will further be positioned to optimize peak sunrise and sunset views, sunlight, and natural airflow through each residence. 

In addition to a green rooftop with tree canopies and bayfront verandas, the mid-rise will feature a resort-style rooftop pool deck, a state-of-the-art fitness center, a wine cellar, and an outdoor kitchen with bar lounge. Residents will also gain access to a marina with four boat slips. Its sister tower, the La Maré Regency Collection, will rise next door with 33 modern residences.

Prices for remaining units at La Mare Signature Collection start at $3 million, with a choice of three- to four-bedroom residences. Reach out to us for a private presentation for this or other La Maré properties slated to rise in Bay Harbor Islands, as well as floor plans to view how a residence could work for you. 

— Miami Pre-Construction Condos: Topped Off September 2024 

The Standard Residences – Midtown Miami

Groundbreaking – April 2023 | Completion – Q3 2025

On track for a 2025 completion, Midtown’s “anything but standard” residences topped off this September. Designed by Arquitectonica, this highly anticipated project stands 12 stories tall with 228 luxury residences in the heart of Midtown. Units range from 432 to 965 square feet in size, with studio to two-bedroom layouts. The project, although developed in collaboration with New York’s Standard Hotel, does not feature any hotel on site. 

Developed by Rosso Development, Standard International, and Midtown Development, the residence-only project is 95% pre-sold. Featuring a flexible rental program, owners will be allowed to rent 12 times a year, with a 30-day minimum stay requirement. Owners will further gain access to a “Friends with Benefits” program, affording them preferred pricing at all Standard properties across the globe.

In addition to modern interiors by Urban Robot Associates, residences will feature open floorplans, open-concept kitchens with top-of-the-line appliances, premium wood-inspired flooring throughout, custom bathrooms featuring coveted double vanities and dual shower heads, and other high-end touches.

Besides featuring 34,000 square feet of amenity space, The Standard will also be home to 11,000 square feet of retail. Juvia Group’s “Solana” restaurant and bar will be the centerpiece of amenities. Other amenities include a landscaped rooftop with 60-foot resort-style sunset pool, outdoor rain showers, a lobby-level outdoor café, an infrared sauna, an indoor pickleball court with disco lights, a karaoke bar and screening room, a state-of-the-art sweat floor, a work floor featuring co-working spaces and Zoom rooms, a pet spa, and much more. 

Prices range from $500,000 to $1 million for remaining units at The Standard Residences Miami. 

Vita Residences – Coconut Grove

Groundbreaking – May 2023 | Completion – Late 2025

Topping off at 7 stories, Vita Residences is on track for a 2025 delivery. Designed by the world-renowned CallisonRTKL architecture group, the boutique building is home to only 65 ultra-luxury residences and 14 bayfront penthouses on the splendid gated island off the coast from Coconut Grove. The project is 80% pre-sold.

Featuring stunning interiors by Mexico’s Bernardi + Peschard, residents will enjoy coming home to 8’ interior Italian doors, frameless glass balconies, 11-foot-plus ceilings, high-end chef’s kitchens, and artfully crafted custom bathrooms with natural stone, soaking tubs, and rain showers. Embracing the best of indoor-outdoor living, residents will further be treated to 15-foot-deep balconies, 65 feet of linear bay frontage, and endless water views.

Standout amenities include an 85-slip marina, a 40-foot Fjord houseboat, a water sports pavilion featuring paddle boards and kayaks, a private pool for residents, a spa, a 6,000-square-foot restaurant, curated art lobbies, a fully-attended bayfront pool with luxury cabanas, an outdoor children’s playground, an exclusive “Virtual Links” featuring HD golf simulator and bayfront putting green, on-site pet services and grooming, a business center, membership to the exclusive Grove Isle Club, and more. 

Prices for remaining units at Vita Residences Coconut Grove start at $6 million, with a choice of three- to seven-bedroom residences.

— Miami Pre-Construction Condos: Approved September 2024 

One W12 (One West Twelve Residences) – Downtown Miami 

After securing a height approval of 314 feet above sea level from the FAA, developers PMG, Lion Development Group, and LNDMRK Development filed for a master construction permit to expedite the development of their 50% pre-sold project. Located in Miami’s Park West neighborhood, the stunning condo tower will rise 22 stories with 372 turnkey residences allowing short-term rentals.

Designed by Boston-based CUBE 3, the stylish residences will feature bespoke interiors by Cotofana Designs, custom cabinetry by Italkraft, custom bathroom countertops and finished floors, fully built-out closets, a contemporary lighting package, and more. Units will average 400 to 500 square feet in size.

Amenities at this Airbnb-ready tower will include a rooftop pool and garden with lounge areas, a state-of-the-art fitness center, a curated collection of art installations, house cruiser bikes, the latest in smart-building technology, and more. There will also be a quick-service restaurant called Vibe BBQ by James Beard Award-winning chef Marcus Samuelsson, known for his Red Rooster restaurant in Overtown. 

Prices at One W12 start at $300,000, with a choice of studios to one-bedrooms as well as townhouse-style residences with up to three bedrooms. Watch our video for a quick dive into One W12 Residences' iconic glamor.

Condo-hotel by German Group – Wynwood

With suggestions to add art to its eastern elevation and make corners more experiential for pedestrians, a German group secured design approval for its mixed-use building proposed in Wynwood. The Miami-based applicant, Whale & Star Wynwood Owner LLC represents a partnership between European hospitality veterans Motel One, Ralf Buschl (Buschl Group), and Sebastian Ludke (ALP.X Group).

Whale & Star acquired the 7,822-square-foot site at 2215-2237 N.W. First Place, 175 N.W. 22nd Street, and 170 N.W. 23rd Street for $24 million in 2023. The assemblage is currently home to commercial buildings, which will be demolished.

Designed by Hollywood-based O’Donnell Dannwolf and Partners Architects and New York-based HWKN Architecture, the 8-story mixed-use will feature 87 condos (levels 6 to 8), 24 hotel rooms (levels 3 to 5), 11,350 square feet of commercial space, and 87 parking spaces. The design will draw inspiration from Wynwood’s industrial heritage. Units will range from 406-square-foot studios to 1,592-square-foot loft-style residences with up to three bedrooms.

In addition to ground-floor commercial space, there will be a rooftop pool and gym along with a rooftop restaurant and bar. The property’s hotel component will be branded and operated by Cloud One Hotels, with condo residents receiving special access to the hotel’s amenities. Further adding to this new development’s distinctive allure, the creator of Wynwood Walls, Goldman Global Arts will be curating and integrating art canvases into the building’s architecture.

Currently presented to the Wynwood Design Review Committee, the developer team expects to start construction next year after due approval.

33 Alhambra – Coral Gables

Coral Gables-based MG Developer and Peru-based VYV won approval to construct an 8-story, 78-unit mixed-use building at 33 Alhambra Avenue this September. Downsizing from their original plans of building an 11-story project with 80 condos filed in 2022, the co-developers managed to secure a unanimous vote with this lower-density profile.

Designed by Bellin Pratt & Fuentes Architects, the newly approved development will feature two amenity roof decks, 13,343 square feet of office, 17,926 square feet of ground floor commercial, and 146 parking spaces. While one of the roof decks will house a pickleball court, the other will feature a pool, a spa, and open-air cooking areas.

Located within half a mile of Coral Gables’ iconic Miracle Mile, the mixed-use will replace all except one of the six one- and two-story buildings onsite. The historic two-story building at 42 Navarre Avenue will be preserved and incorporated into the new development for commercial use.

— Miami Pre-Construction Condos: Planned/Proposed September 2024 

Redevelopment of the Shops at Sunset Place – Coral Gables

In a bid to redevelop Coral Gables’ popular Shops at Sunset Place, Midtown Development has filed plans to build nine towers on the site. While Heatherwick Studio is designing the project, ODP will be the architect of record. The massive redevelopment would include:

• Two 12-story buildings, two 15-story buildings, one 21-story tower, one 25-story tower, and three 33-story towers.
• Together, the towers will carry 1,513 residential units and 287 hotel rooms.
• There will also be a 1,300-seat movie theater or performing arts theater, 50,892 square feet of office, 149,506 square feet of retail, and 2,418 parking spaces.

All nine towers will be perched on columns and feature a slim profile to allow for pedestrian traffic to flow smoothly underneath. This new network of streets would also harbor space for smaller retail as well as food and beverage units, revitalizing the area with new energy.

Abbhi Capital’s Resi-Hotel Tower – Downtown Miami 

Following up on its September 2023 proposal to bring two new towers to Miami Worldcenter, developer Abbhi Capital applied for a fence permit at 122 NE 11th Street this August. Designed by Arquitectonica, plans for the 59-story north tower and 33-story south tower were further submitted to Miami’s Urban Development Review Board in September.

The 2.2-acre site will be home to 558 residential units in its north tower, 368,362 square feet of office space in its south tower, a 7,109 square-foot restaurant, and 1,319 vehicle parking spaces in an 11-story podium. 

— Miami Pre-Construction Condos: Construction Updates September 2024 

Mercedes-Benz Places – Brickell

Groundbreaking – June 2024 | Completion – 2027

Construction at Mercedes-Benz Places Miami has gone full throttle as foundation work for the first tower is complete, and the second tower is now in the works. Designed by SHoP Architects and ODP, with key inputs from Mercedes’ design team, this technical silver structure will rise 67 stories with a distinctive stacked-box profile. 

Mercedes-Benz Places will be home to 791 stunning residences, enhanced by German precision. Woods Bagot will be handling interiors, aligning them with the project’s “Timeless Design, Inspired by Miami” theme. Its aerodynamically curved balconies are designed to capture maximum sunlight, while the skyscraper will feature Mercedes-Benz's classic black and white color scheme to contrast its silver facade.

Amenities will include mobility solutions in partnership with ReWyre, EV charging stations, a car fleet for residents, bicycle and scooter sharing, plus an improved version of the 2-acre Southside Park by Field Operations. It will be part of Micheal Stern’s 1 Southside Park mega-development, offering future residents access to a 200-key Treehouse Hotel and additional residences in the second tower, 153,070 square feet of office space, 142,129 square feet of commercial space, and a revamped version of the 2-acre Southside Park next door.

Prices at Mercedes-Benz Places Miami start at $750,000 for a studio and range up to $4 million for a three-bedroom.

Domus FLATS Brickell Center – Brickell

Groundbreaking – Early 2025 | Completion – Late 2027 

Approved by the FAA for a height of 419 feet above sea level and with a demolition permit in place, Domus Brickell Center will soon be able to break ground. Developed by North Development, a joint venture between Miami-based Ricardo Dunin’s Oak Capital and Peru’s Edifica, this short-term rental-friendly tower will rise a block from the Metrorail and four blocks south of its sister tower, Domus Brickell Park.

Designed by MC+G Architecture, the 35-story tower will have 579 fully furnished FLATS (Flexible Apartments for Temporary Stays). Built to offer the services, security, and consistency of a hotel, owners will be allowed daily rentals using Domus’ exclusive App. The App offers a range of facilities, including access to over 85 booking platforms, mobile check-in and check-out, digital keys, and more. Interiors at this ready-to-Airbnb condo tower will be handled by Urban Robot. Turnkey units will range from 367 square feet to 795 square feet in size.

Standout amenities at this centrally-located high-rise will include an expansive lobby with about 4,000 square feet of social space inclusive of The Cypress Room lounge, a rooftop pool and sky deck, a rooftop yoga deck, a wine bar, an artisanal market with gourmet fare, surround sound with ambient speakers, EV charging stations, and Domus bike share. There will also be 1,485 square feet of retail plus 139 parking spaces.

Prices at Domus FLATS range from the low $500,000s to $1.5 million, with a choice of studio to two-bedroom FLATS.

Bentley Residences – Sunny Isles Beach

Groundbreaking – February 2024 | Completion – Year-end 2027

With two tower cranes ready for installation (at a height of 857 feet above sea level and 749 feet above sea level), construction is in full swing at Bentley’s first-ever condo development. Developed by Miami’s Dezer Development, the dazzling tower is poised to become the tallest building in Sunny Isles Beach as well as the tallest oceanfront building in the U.S., with a top-off height of 749 feet.

Designed by Sieger Suarez in collaboration with Bentley Motors, the cylindrical tower will feature a distinctive, highly reflective, triangulated glass façade styled to emulate the luxury carmaker’s signature diamond pattern. With only 4 units per floor, the 62-story high-rise will be home to a total of 216 ultra-luxury residences built using sustainable materials.

Each residence in this spectacular tower will feature a sunken pool on its 1,500-square-foot balcony, an outdoor shower, an outdoor kitchen, and access to the patented car elevator system called the Dezervator. The Dezervator will allow residents to drive into one of four elevators and park in a glass garage adjacent to their sky home. All west-facing residences will feature 3 parking spaces, while east-facing condos will boast 4 parking spaces each.

All homes in the skyscraper will further afford direct ocean views, custom lighting, and signature scenting by Bentley Motors. Highlight amenities at the oceanfront tower will include two pools, an indoor-outdoor fitness center, a spa, a whisky bar, a cigar lounge, a cinema, and beautifully landscaped communal gardens. A custom-designed speeding Bentley sculpture, currently on display at the tower’s sales gallery, will be shifted to the tower’s entrance upon completion. There will also be a residents-only restaurant concept by the James Beard award-winning celebrity Chef Todd English.

Prices at Bentley Residences started at $5.6 million, with a choice of floor plans starting at three bedrooms.

Waldorf Astoria Hotel and Residences – Downtown Miami

Groundbreaking – October 2022 | Completion – Q2 2028

Vertical construction is now underway at PMG and Greybrooks’ supertall condo-hotel. Designed by Carlos Ott in association with Miami’s Sieger Suarez Architects, the 100-story skyscraper is conceptualized to look like a staggering stack of nine glass cubes. Home to a total of 387 condos and 205 hotel rooms, its bottom three cubes will be dedicated to the hotel component, while the upper six cubes will house the condos plus amenities.

Residents at Miami’s first Waldorf Astoria will enjoy coming home to fully finished units, complete with interiors by the award-winning BAMO, gourmet kitchens, custom Italian cabinetry hand-picked by BAMO, a high-end appliance package, fully built-out closets, flooring selections recommended by BAMO, Savant premium smart-home tech systems with custom mobile app access, and much more.

Amenities at this ultra-luxury supertall include an immersive, resort-style pool with outdoor café and cabanas, Waldorf’s famous Peacock Alley restaurant-lounge, an all-day dining brasserie, fitness center with private training studios, signature spa, private wine tasting room, owner’s lounge with billiards, a kids’ club, preferred rates and access to the hotel’s services, and more. Experiences and amenities will be managed by Hilton Management Services. 

Prices for remaining units at the Waldorf Astoria Residences in Miami start at $4 million, with a choice of two- to four-bedroom residences. Call or email us directly for more details about the remaining inventory. 

Edge House – Edgewater

With an FAA approval in place, Peru-based developer Grupo T&C filed its construction permit application this September. Designed by Miami’s award-winning Kobi Karp Architects, the LEED-certified tower will rise 641 feet above sea level with 57 stories. Lending it visual distinction will be a unique base featuring distinctively vertical, metallic gold elements.

Each of the 592 fully furnished residences will flaunt timeless interiors and handpicked furnishings by celebrated designer Adriana Hoyos. Units will range from 375 to 1,242 square feet in size. Further, owners at Edge House will be allowed full rental flexibility, giving them complete control over their investment property. 

Standout amenities will include active and tranquil pools, a full-service pool bar, poolside terraces, a residents’ lounge with indoor and outdoor experiences, a fully equipped fitness center, a private yoga studio, a spa, a sky lounge and entertainment room, a reflecting pond and meditation deck, and wraparound Zen gardens by Witkin Hults & Partners. There will also be a lobby lounge with coffee bar and gourmet market, a kids’ club, flexible co-working spaces, and electric vehicle charging stations. 

Prices for Edge House in Miami range from the $400,000s to $1.1. million, with a choice of studios to two-bedroom residences. Watch our video for a tour of Edgewater’s latest Airbnb-friendly pre-construction condo, Edge House.

Lofty Brickell – Brickell

Groundbreaking – January 2023 | Completion – 2027 (30-36 months from commencement of vertical construction)

Logging in a major milestone, investor friendly Lofty Brickell has started its vertical construction journey with the building’s columns emerging out of the ground. Developed by Newgard, the short-term-rental-friendly tower was over 94% sold as of December 2023.

Designed by Arquitectonica, the postmodern and minimalist LOFTY will rise 44 stories with 362 condos featuring stylish interiors by INC.NY. Units range from 500 square feet to 1,300 square feet. First buyers at this riverfront new construction can look forward to receiving a custom NFT with each condo purchase.

Amenities at Lofty Brickell will include an impressive Skydeck, featuring 10,000 square feet of event space, a private pool, modular furniture, portable bars, plus a catering kitchen. Other key amenities include a resort-style pool with cabanas, a poolside bar and grill, a fitness center with private Peloton studios, a yoga lounge and terrace, an indoor/outdoor cigar lounge, a members-only social club, a co-working lounge with private meeting rooms, access to the LOFTY concierge app, and more.

Lofty Brickell will also feature a Rockwell Group-designed outpost of New York’s highly acclaimed Greek restaurant, AVRA Estiatorio. There will also be a “jewel box” double-height glass lobby with access to the Underline, 12,000 square feet of commercial space, and a private marina. 

Prices for Lofty Brickell ranged from about $600,000 to $3.5 million, with a choice of studios to two-bedroom residences.

— Miami Pre-Construction Condos: Other Updates September 2024

Five Park – South Beach

Groundbreaking – Q3 2021 | Completion – 2024

Developer Terra Group and GFO Investments launched two penthouses crowning Five Park this September. Marking the highest penthouses in Miami Beach, Canopy Penthouse 01 is priced at $20 million, while Canopy Penthouse 02 is priced at $19 million.

The 7,923 square-foot Canopy Penthouse 01 features four bedrooms, six baths, a powder room, a full open kitchen, a prep kitchen, an office, and a media room. Inclusive of a 1,863-square-foot terrace, the residence boasts endless views of the bay, ocean, and park next door.

The 7,756 square-foot Canopy Penthouse 02 also features four bedrooms, six baths, a powder room, an open kitchen, a closed prep kitchen, a media room, and an office. Also providing panoramic views, this stunning residence includes 1,868 square feet of outdoor terrace.

Call, text, or email us for a private presentation of these stunning residences or to reserve any other penthouse in one of Miami’s most luxurious condo buildings.

Designed by Arquitectonica, Five Park features impeccably designed interiors by New York’s Gabellini Sheppard. Infused with a harmonious blend of New York flair and Miami aesthetic, the statement tower stands 48 stories tall as it inches toward completion. While its Park Residences occupy floors 8-25, its Canopy Residences are spread across floors 27-48.

Giving Miami Beach its iconic rainbow bridge designed by Daniel Buren, the tower will be accompanied by (an already complete) 3-acre public park featuring a MONSTRUM kids’ playground, outdoor gym, art installations, dog park, picnic areas, and more. Five Park residents will also gain access to a private beach club in South of Fifth, accessible by house car or a short walk. 

Living at Miami Beach’s tallest tower (546 feet), residents will be able to enjoy a 6th-floor pool deck with two pools, a 26th-floor clubhouse, two fitness centers, spa and treatment rooms, lounge areas, a jewel box bar and lounge, library, screening room, co-working spaces, children's learning lab & teen club, electric car charging stations, and much more.

The high-rise will further house the first-ever private restaurant concept by renowned chef Michelle Bernstein and restaurateur Jeffrey Chodorow. The culinary venture designed by Bernstein and Chodorow will serve an inspiring menu of Mediterranean delights enhanced by local flavors. Chef Bernstein will also curate the food and beverage offerings available at the residents-only Canopy Club.

Prices for Five Park started at $2.5 million, with a choice of two- to five-bedroom residences.

The St. Regis Residences – Brickell

Groundbreaking – Late 2024 | Completion – 2027

Placing St. Regis Brickell on the fast track to groundbreaking, developers Related Group and Integra Investments completed demolition within a span of just two months and secured a $527 million construction loan for smooth operation. More than 60% pre-sold, this joint venture between the Related Group and Integra Investments will offer all the services expected of a St. Regis property, minus any hotel component. 

Designed by New York’s award-winning Robert A. M. Stern Architects (RAMSA), the 50-story St. Regis Brickell tower will bear a nod to modern classicism, featuring New York influences with a pronounced nautical dialogue inspired by the golden age of ocean liners. Along with interiors by New York’s award-winning Rockwell Group, the tower will be positioned to afford the most expansive water and city views possible from all 152 units. 

The St. Regis Residences Miami on Brickell’s bayfront will feature more than 50,000 square feet of amenities. Residents will gain access to St. Regis’ storied 5-star services, including the iconic St. Regis Tea Room, Cognac Room, and signature butler service. Other notable amenities will include a private marina, exclusive beach club access, an indoor lap pool, a spa, a beauty salon, curated wellness programming, a full-size pickleball court, park-like grounds by Enzo Enea, a teen video game lounge, a children’s entertainment room, a golf simulator, a pet spa, a luxury house car, and much more.

Prices for remaining units start upwards of $5 million, with a choice of two- to six-bedroom floor plans and two standalone garden villas.

The George – Coral Gables

Groundbreaking – Q4 2024 | Completion – 20 Months from Groundbreaking

MG Developer has tapped Serhant to launch and lead sales for the final phase of its Biltmore Square development. Designed by De La Guardia Victoria Architects & Urbanists, ‘The George’ is envisioned to set a new standard of opulence in Coral Gables. Located at 717 Valencia Avenue, the townhomes will be within walking distance of Miracle Mile, Downtown Coral Gables, and the Biltmore Hotel.

Spanning about 6,000 square feet each, all 13 townhomes will feature interiors by LA-based Nina Takesh, expansive outdoor spaces, elevators, and four-car garages. MG’s Biltmore Square development also includes the already complete 5-unit Althea Row, 9-unit Beatrice Row, and 10-unit Biltmore Row.

Prices for The George start at $5.9 million for a townhouse. 

ONE Park Tower by Turnberry at SoLé Mia – North Miami

Groundbreaking – January 2024 | Completion – Summer 2026

Developers Carlos Rosso and Turnberry Development announced that Douglas Elliman’s Eklund-Gomes is taking over sales and marketing for ONE Park Tower at the master-planned SoLé Mia. Fortune Development Sales, led by Edgardo Defortuna, had already pre-sold 70% of the project since its sales launch in the spring of 2022. 

Designed by Arquitectonica, the luxury condo tower will rise 33 stories with 292 bespoke residences. Reimagined for next-gen living, all residences at this waterfront tower will feature interiors by New York-based Meyer Davis Studio, oversized private wrap-around terraces, high ceilings, porcelain floors, oversized master bedrooms with soaking tubs, spacious walk-in closets, and plenty more.

The luxury condo tower will overlook a one-of-its-kind, seven-acre Crystal Lagoon. This swimmable, centerpiece, crystal-clear lagoon will be the equivalent of 21 Olympic-sized pools. The gated community will also be home to 37 acres of active and passive green spaces, complete with eight miles of biking and running trails.

Other building amenities will include private pools, pickleball courts, a state-of-the-art wellness center with spa and massage facilities, a dedicated children’s playroom, a library, a climate-controlled wine room, co-working facilities, and electric car charging stations. 

A Lagoon Café, along with Turnberry's dedicated beach concierge, will set the tone for resort-style living in this walkable neighborhood. Residents can further expect to gain access to a Matar Academy campus (K-5 school), a University of Miami outpatient health care center, and Reserve Padel Club as part of SoLé Mia’s 184-acre, master-planned community.

Prices for remaining units at One Park Tower at SoLe Mia start at $975,000, with a choice of one- to three-bedroom residences.

River District 14 – Miami River

Groundbreaking – Year-end 2024 | Completion – Q4 2025

Alta Developments secured $78 million in construction financing to build the only short-term rental-friendly condo building in Miami’s Health District. Located across from River Landing – a brand-new shopping center with exclusive marina, entertainment, and dining – and two blocks from Jackson Memorial plus the University of Miami’s health campus, you can expect high occupancy for this investment condo.

River District 14 will rise 16 stories with 283 turnkey condos. Designed by Coral Gables-based Behar Font & Partners, units will range from 520 to 1,080 square feet. This Airbnb-friendly tower will feature more than 20,000 square feet of amenities, including a sixth-floor pool deck, an artfully landscaped resort-style pool deck, two indoor pickleball courts, a ground-floor business center, a spacious lounge and media area, a fitness center, and more.

Prices for remaining units range from $649,000 for a one-bedroom to $795,000 for a two-bedroom residence. Call or email us to learn more about this rare opportunity to own a 2/2 residence for under $1 million in Miami’s urban core.

Vida Residences – Edgewater

Groundbreaking – December 2023 | Completion – 2026

Developer Urbana Investments secured a $38.5 million construction loan to build Edgewater’s first Airbnb-ready mid-rise. The investment-ready community will feature a unique FlexShare program – allowing owners to divide their units into two and rent each side separately – in addition to regular flexible rental terms.

Designed by Miami’s prolific Kobi Karp, Vida Residences will rise only 9 stories with 138 fully furnished residences. Each turnkey residence will feature interiors by the Euro Design Group, 10-foot-high ceilings, a gourmet kitchen with stainless steel appliances, Euro-style baths, a smart-home system, a contemporary lighting package, keyless entry, furnished terraces, and more.

Standout amenities at this mid-rise will include a 22,000-square-foot rooftop retreat featuring an 11,000-square-foot pool, Bali beds & cabanas, a jacuzzi, The Edge restaurant/bar with al fresco dining, a juice & beverage bar, a wellness center, a fitness center, and grilling stations. Other amenities will include a full-service private beach club in South Beach’s highly exclusive South of Fifth neighborhood, plus a high-tech, 3,800-square-foot co-working center.

Prices for Vida Residences start at about $603,000 for a one-bedroom, with a choice of studios to three-bedroom residences.

Pagani Residences – North Bay Village

Groundbreaking – N/A | Completion – 2027

Miami-based developer Riviera Horizons revealed new design details and renderings for the kitchens and bathrooms at Pagani Residences. Offering buyers a choice of more than 16 design elements, the new images offer a peek into the curations and high-end touches crafted by A++ in collaboration with Pagani Arte. First buyers can create their own aesthetic, as they choose from four countertop options, two cabinetry choices, and two flooring styles for a truly customized and exceptional living space.

Designed by Miami-based Revuelta Architecture International, the world’s first-ever Pagani Residences will feature no more than four residences per floor. Setting a brand-new standard for bayfront living, the 28-story tower will rise with only 70 hyper-luxury condos. Bespoke interiors will be designed by Pagani Arte, featuring curations inspired by Leonardo da Vinci’s principles of Art and Science. Floor plans start at a generous 2,000 square feet, providing true luxury of space with the convenience of condo living.

Highlight amenities at Pagani’s first residential venture include a private marina with ocean access (via Haulover Inlet and Government Cut), a rooftop pool and sky lounge, summer kitchens, a world-class spa, a fitness center with Pilates and yoga studios, a pet spa, and more. With all corner units and uninterrupted sunrise-to-sunset water views, the boutique project stands out among its peers. 

Prices for Pagani Residences start at $2.4 million, with a choice of all-corner, two- to four-bedroom residences.

Witkoff Group’s Three-Tower Mixed-use Project – Downtown Miami

Miami’s Building Department issued a site work permit for Witkoff’s three-tower mixed-use project to move ahead with construction activities. To be constructed in phases, the developer group already has a utilities agreement in place and is seeking a master construction permit for its first tower. Developed in partnership with Chicago-based Monroe Capital, the 3.38 million-square-foot mixed-use will be seated within the Miami Worldcenter mega-complex.

Designed by the award-winning Kobi Karp, the three-tower new construction will feature a U-shaped orientation and vertical greenery veiling its podium. Rising to a height of 685 feet above ground, close to the Brightline passenger rail station, at the former Miami Arena site in Downtown, this multi-tower new construction will make a vibrant addition to Miami’s urban core.

The mixed-use project will carry a total of 2,360 residential units, about 540,000 square feet of office space, 28,000 square feet of a full-service restaurant, 12,500 square feet of retail, 2,457 parking spaces, and a lush park buffering it from the railroad. While all 3 towers will house residential units, only two will feature office space. All three towers will come connected by an 8-floor podium/amenity deck.

— Miami Pre-Construction Condos: Watchlist September 2024

Meta Development Buys 0.4-acre Parcel from Menesse – Brickell 

Menesse International, a joint venture between Mariano Borges, CEO of Menesse Condos and Alejandro Díaz Naranjo, CEO of Habitania Group, sold its Brickell-based vacant lot this September. Meta Development, a joint venture between Miami-based Lucid and Brazil-based Iron Capital, purchased the 0.4-acre lot at 1870 Brickell Avenue for $10.3 million.

Menesse had purchased this lot for $6 million last year and planned to build a 16-unit condo building on the same. The firm still plans to partner on developing the condo project. Meta recently launched sales for its 14-unit boutique project, Opus Coconut Grove, with prices starting at $2.5 million after shifting its headquarters to Miami just last year.

Treasure Island Cove Condo Sold in Bulk Buyout Deal – North Bay Village 

With 100% of owners onboard with selling their condos at Treasure Island Cove, Sunbeam Properties now owns almost 14 acres of land in North Bay Village. Closing the bulk purchase at $8 million, the developer paid about $333,333 per condo in the 24-unit building. Sunbeam plans to demolish the building and add the landlocked parcel to its mega-development site.

Located at 1639 N. Treasure Drive, the 1952-built condo was behind on repairs and had a 40-year recertification evaluation coming up. If the owners hadn't agreed to sell, they would have to spend a significant amount on the assessment and also temporarily vacate the building for repairs to take place. As most condos in the building were assessed to be in the mid $100,000s, the deal proved to be a more profitable choice for owners.

Led by the Ansin family, which also owns WSVN Channel 7, Sunbeam Properties is already approved to build a major mixed-use on its nearly 14-acre parcel. Kicking off its first phase with a 250-unit condo tower, the mixed-use will bring more than 1,900 residential units, hotel, retail, and office space to North Bay Village. The development parcel will also include WSVN’s ex-headquarters as the TV station relocates to Miramar.

Urbin Miami Beach’s Former Site Up for Sale – South Beach 

As Location Ventures’ appointed receiver, Bernice C. Lee, filed a motion to sell Urbin’s Miami Beach development site this September, the parcel could get a new lease of life. If approved, the site could be sold for $17.5 million to Pakman Miami Beach LLC, a Fort Lauderdale-based company managed by Andrew Beachler, Prakash Patel, and Richard Haestier.

In 2022, a groundbreaking ceremony was held for Urbin Miami Beach at 1234 and 1260 Washington Avenue. The 69-unit co-living low-rise was set to replace two commercial buildings on the site. However, in June 2023, the City of Miami Beach halted all construction work on the 33,525-square-foot site due to a lack of proper permits.

While the Miami Beach site was purchased for $20 million in 2021, it will be selling at a loss. The lender, who is owed $19.3 million, has further agreed to settle for less at $16.74 million. With a $17.5 million sale price, the balance proceeds would help cover $15,000 in past-due utility bills, $570,000 in past-due property taxes, $125,000 in closing costs, $25,000 to Fisher Auction for marketing the property, plus the receiver’s expenses. 

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