Responding to strong buyer demand, developers launched sales for two new condo projects in Miami this month: 72 Carlyle in North Beach and The William in North Miami Beach. Meanwhile, construction at the Waldorf Astoria Hotel and Residences advanced to its fourth residential cube, marking a major milestone for one of the city’s first branded supertalls. And Domus Brickell Center broke ground this month, setting the stage for another short-term-rental-focused project in the heart of Brickell.
Read on to find out which condo project will offer single-family-home-style security by signing with a veteran-led defense firm, along with other updates in our September 2025 Miami condo pre-construction news roundup.
— September 2025 – Miami Condo Pre-Construction Market at a Glance
Sales Launched
Broke Ground
Approved
Planned/Proposed
- 12-story Luxury Condo by Alchemy Properties & Partners – Wynwood
- Two-tower Condominium by Related Group and 13th Floor – Aventura
- Bayfront Luxury Condo by JDS and Terra Group – South Beach
- Three-Tower Enclave at Former Miami Herald Site – Downtown Miami
Construction Updates
Other Updates
- The Residences at Mandarin Oriental – Brickell Key
- Cove Miami – Edgewater
- Visions at Brickell Station – Brickell
- Lofty Brickell & The Standard Residences Brickell – Brickell
- Ritz-Carlton Residences – South Beach
- ELLE Residences – Edgewater
- Ponce Park Residences – Coral Gables
- The Delmore – Surfside
- Faena Residences Miami – Miami River
- Jean-Georges’ Miami Tropic Residences – Midtown Miami
Watchlist
- Michael Shvo Attempts to Salvage Stalled Rosewood (Raleigh) Residences – South Beach
- Possible Foreclosure Resolution of Legacy Hotel & Residences – Downtown Miami
- Masaveu Acquires Wendy’s Site – Brickell
- Probable Foreclosure of Condo-hotel Development Site – Arts & Entertainment District
— Miami Pre-Construction Condos: Sales Launched
The William – North Miami Beach
Groundbreaking: Mid-2026 | Completion: Summer 2029
Partners Blue Road and Ilia Development Group launched sales for The William this September. One of the most affordable new condo developments in Miami, this strictly residential project prohibits short-term rentals and will feature 40,000 square feet of amenities.
Designed by the internationally-acclaimed Carlos Ott in partnership with Behar Font & Partners, the 26-story, 374-unit condominium will rise as a nod to North Miami Beach’s rich heritage. Units will range from 552 to 1,412 square feet, with warm modern interiors by Urban Robot. Perched at 2040 N.E. 163rd Street, you will have lush green views of a natural preserve.
Highlight amenities will include a ninth-floor pool deck with summer kitchens, an outdoor bar, and a terrace lounge with fire pits. There will also be a rooftop pickleball court, a game room, a fitness center with a yoga studio, spa rooms, a coworking center, a children’s playroom, an outdoor playground, and a self-serve market.
The project's name pays homage to one of the city’s earliest landowners, U.S. Coast Guard Captain William H. Fulford. Developers of The William also plan to accept EB-5 funding, allowing international investors to apply for U.S. residency by buying into the project.
The William condo prices start at an extremely competitive $380,000, with a choice of studios to three-bedroom residences. Contact us to find your new home in one of Miami-Dade’s most affordable new condo communities featuring lush views, a pickleball court, and EB-5 investment potential.
72 Carlyle – North Beach
Groundbreaking: Mid-2026 | Completion: Summer 2027
Following the success of the recently-completed 72 Park and the under-construction Palma Miami Beach Residences, Lefferts launched sales for its third North Beach condo project this September. Designed by Arquitectonica, the 20-story tower will feature 134 luxury residences.
With Italy’s Piero Lissoni leading interior design, you can expect future-ready, sophisticated residences from the purist maestro. Units will range from 770 to 6,276 square feet.
Access to a Boucher Brothers-operated beach club stands out as the highlight of amenities. You will also gain access to a pool deck, a sky terrace with a bar, an outdoor padel court, a lounge with a wine cellar, a fitness center with a yoga studio, a spa with hot and cold plunge pools, an activity lawn, and a kids’ room. A coworking center will also be part of the 45,000 square feet of amenities.
72 Carlyle prices start at $1.8 million, with a choice of one to three-bedroom residences. Contact us for more information on floor plans and available units.
— Miami Pre-Construction Condos: Broke Ground
Domus Brickell Center – Brickell
Groundbreaking: September 2025 | Completion: Late 2027
North Development logged two key milestones this September, breaking ground on its Airbnb-friendly project and securing a total of $220 million in construction loans. The $180 million loan by Commercial Property Assessed Clean Energy (C-PACE) represents the program’s largest-ever funding, which is specifically reserved for properties with energy-efficiency, water conservation, and renewable energy features.
Designed by MC+G Architecture, the 35-story Domus Brickell Center will feature 579 fully furnished residences with interiors by Urban Robot. Built to offer the services, security, and consistency of a hotel, it will allow daily rentals using Domus’ exclusive App, which offers a range of facilities, including access to over 85 booking platforms, mobile check-in and check-out, and digital keys. Turnkey units will range from 400 to over 1,000 square feet.
Standout amenities at this centrally-located high-rise will include a rooftop pool and sky deck, a rooftop yoga deck, a wine bar, an artisanal market with gourmet fare, a lush garden lounge, and coworking spaces, plus UV-filtered water and purified air in common areas.
Domus Brickell Center prices start in the low $500,000s, with a choice of studio to two-bedroom flats.
— Miami Pre-Construction Condos: Approved
Edge House – Edgewater
Groundbreaking: March 2025 | Completion: Late 2028
Winning key approval from the City of Miami’s Urban Development Review Board, developer Grupo T&C can now proceed with materializing plans for its short-term rental-friendly project.
Designed by Kobi Karp Architects to adhere to LEED sustainability guidelines, Edge House will rise 57 stories as the neighborhood’s first biosecure tower with advanced air, water, and surface purification systems delivered in partnership with wellness technology company Clear.
Each of the 608 fully furnished residences will flaunt timeless interiors and furnishings handpicked by the renowned interior designer Adriana Hoyos. Units will range from 410 to 1,242 square feet. The tower will feature a unique base featuring vertical, metallic gold elements, making it an instant icon.
As an owner, you will enjoy full rental flexibility at this turnkey project, giving you complete control over your investment property to rent via platforms such as Airbnb and HomeAway.
Standout amenities will include active and tranquil pools, a full-service pool bar, a residents’ lounge with indoor and outdoor experiences, a fully equipped fitness center, a private yoga studio, a spa, a podcast studio, a reflecting pond and meditation deck, and landscaped green spaces by Witkin Hults & Partners.
There will also be a lobby lounge with a coffee bar and a gourmet market, a kids’ club, flexible coworking spaces, and putting greens.
Edge House prices start at $500,000, with a choice of studios to three-bedroom residences.
Anatomia – Allapattah
Groundbreaking: Summer 2026
The Calta Group received approval from Miami’s Urban Development Review Board to move forward with plans for a condo-apartment development in Allapattah’s health district. Located at 1415-1469 N.W. 13th Terrace, the project will be within walking distance of Miami River as well as a Publix and other retail and restaurant spots at River Landing.
Leveraging Florida’s Live Local Act, the development will offer a rare combination of affordable workforce apartments alongside luxury condominiums.
Anatomia condos will be priced between $500,000 and $950,000, keeping the project both aspirational and accessible.
Designed by Miami-based Corwil Architects, the 30-story tower will be home to 289 luxury condos and 210 affordable apartments. Units of both types will range from 419 to 1,111 square feet. While the condo mix will feature studios to three-bedroom layouts, the apartment offering will include studios to one-bedrooms.
Community amenities at this mixed-use building include a pool deck and indoor amenities on floors nine and 10, along with 498 parking spaces. The rooftop lounge will be reserved for condo owners and members only. The 6,532 square feet of retail will likely be leased to a food hall.
— Miami Pre-Construction Condos: Planned/Proposed
12-story Luxury Condo by Alchemy Properties & Partners – Wynwood
Groundbreaking: Q1 2027
Alchemy Properties, one of New York’s most reputable luxury residential developers, has proposed its debut condo project in Miami in collaboration with Breakers Capital and Galapagos Capital. Located at 18 Northwest 23rd Street, the development would replace the former Salvation Army site and be within walking distance of the world-renowned street art collection at Wynwood Walls.
Designed by Arquitectonica, the 12-story project features approximately 186 residences and 13,500 square feet of ground-floor retail. With interiors by MKDA, it emulates Wynwood’s street art vibe and offers layouts ranging from studios to three bedrooms.
Proposed amenities include a rooftop pool, an indoor-outdoor lounge, a fitness center, event spaces, a coworking area, a pet spa, and 167 parking spots.
Sales are expected to launch in early 2026.
Two-tower Condominium by Related Group and 13th Floor – Aventura
Co-developers Related Group and 13th Floor plan to replace the Arium Lincoln Pointe apartments with a two-tower condo development. Located at 17900 N.E. 31st Court, the waterfront project would feature 409 condos across two 31-story towers designed by Arquitectonica.
Related and 13th Floor purchased the site for $82.5 million this January. According to a previous filing, the development is also expected to feature multiple pools, pickleball courts, a padel court, a tennis court, private terraces, and more than 900 parking spaces.
Bayfront Luxury Condo by JDS and Terra Group – South Beach
Developer entity 1250 West Ave LLC (inclusive of JDS Development, Terra Group, investors Rafi Gibly, Gianluca Vacchi, and other partners) has closed on more than 95% of the 238 condos at Bay Garden Manor, completing the bulk buyout and setting plans in motion for the bayfront site.
The developer team can now proceed with terminating the condo association and demolishing the 15-story building. The entity led by Terra Group has also acquired the neighboring Bikini Hostel, at 1247 West Avenue, to create a public park as part of its community benefits package.
Located at 1250 West Avenue, the 1.9-acre site is approved to carry 125 luxury condos in 32 stories. The 330-foot tower is designed by Kobi Karp Architecture.
Genting’s Three-Tower Enclave at Former Miami Herald Site – Arts & Entertainment District
With the Federal Aviation Administration issuing a positive determination for the three proposed towers at 1 Herald Plaza, Genting can now pursue the next set of approvals. While the determination does not guarantee full project approval, it means that the towers rising between 649 and 650 feet above sea level can proceed to the next stage.
Preliminary design sketches by Uruguay-based Gómez Platero Architecture & Urbanism showed a total of 689 residential units and 300 hotel rooms to this prime Downtown site, however no concrete details have been confirmed. The mixed-use complex would also feature above-ground parking and a public baywalk connecting to Museum Park.
We recommend reading our feature on Genting’s plans for the former Miami Herald property and a complete timeline of events surrounding this coveted waterfront site.
— Miami Pre-Construction Condos: Construction Updates
Waldorf Astoria Hotel and Residences – Downtown Miami
Groundbreaking: October 2022 | Completion: Q2 2028
With the first of its nine offset cubes taking shape in July, construction at Miami’s first Waldorf Astoria-branded residences reached the fourth cube in September. Cube Four marks the start of the residential levels, spanning floors 42 to 49. Developed by PMG and Greybrook, the building is progressing at a spectacular pace and is already taller than most of its neighbors.
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 turnkey condos and 205 hotel rooms, its bottom three cubes will be reserved for hotel use, while the upper six cubes will house the condos and amenities.
Each of the fully finished units will feature interiors by San Francisco’s award-winning BAMO, gourmet kitchens, custom Italian cabinetry, a high-end appliance package, fully built-out closets, flooring selections, Savant premium smart-home tech systems with custom mobile app access, among other refined touches.
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, a fitness center with private training studios, a signature spa, a private wine tasting room, an owner’s lounge with billiards, a kids’ club, and preferred rates and access to the hotel’s services. Experiences and amenities will be managed by Hilton Management Services.
Waldorf Astoria Hotel and Residences prices for remaining units started at $4 million, with a choice of two- to four-bedroom residences.
— Miami Pre-Construction Condos: Other Updates
The Residences at Mandarin Oriental, Miami – Brickell Key
Groundbreaking: First half of 2026 | Completion: 2030
Adding to The Residences at Mandarin Oriental Miami's list of distinctions, Swire Properties has joined forces with Harrods Interior Design, marking the brand’s debut collaboration with a U.S. residential project.
As a first buyer, you will receive a complimentary design consultation with Harrods’ acclaimed team, giving you access to the brand’s renowned craftsmanship refined over 175 years.
The Knightsbridge Penthouse in the south tower will be the epitome of design and distinction, with the four-bedroom, $50 million residence featuring bespoke interiors created in collaboration with Harrods, along with a wellness wing flaunting Swarovski crystal-accented dumbbells.
Designed by Kohn Pedersen Fox Associates (KPF), the property's 850-foot South Tower will feature 228 condo units with wraparound balconies and rich interiors by renowned Parisian designer Tristan Auer. Owing to the island location, all residences in the 66-story tower will be privy to panoramic water views.
The shorter North Tower will rise 426 feet with 121 guest rooms, 66 private condos, and 28 condo-hotel units.
Amenities at this world-class property will include an 100,000-square-foot, resort-style amenity podium connecting the two towers and featuring multi-tiered infinity-edge pools, an art walk, a signature spa, a state-of-the-art health and wellness club, a forest yoga lawn, a tea garden, and multiple restaurants.
There will also be a kids’ activity center, a golf simulator, a game room, dining rooms with chef kitchens, executive work lounges, a dog grooming spa, and landscaping by the renowned Thai firm Shma.
Prices range from $4.9 million to approximately $100 million, with a choice of two- to five-bedroom residences.
Cove Miami – Edgewater
Groundbreaking: 2025 | Completion: Q1 2028
Along with securing a $170 million loan, developers SB Development and Hazelton Capital Group announced that their waterfront project is 30-40% pre-sold. The development team has already completed demolition work along with the construction of a seawall on the site, with ground work expected to begin soon.
Designed by Kobi Karp Architecture, the 40-story bayfront tower will feature 116 luxury residences. Buenos Aires-based interior designer Dieguez Fridman skillfully incorporates natural elements alongside premium finishes to create sublime and tranquil living spaces in one of Miami’s most sought-after, centrally located neighborhoods.
Short-term rentals will not be allowed at Cove Miami to ensure maximum privacy.
Highlight amenities at this stunning tower include a ground-level waterfront restaurant, a resort-style rooftop pool deck overlooking the bay, a rooftop bar, a lounge patio, a hammam, a spa with a cold plunge pool, a spin auditorium and yoga room, a game room, an owner’s lounge and a wine cellar. There will also be a children’s playroom, a microcinema, a pet spa, a dock for water sports, guest rooms, and a coworking space with private office suites.
Cove Miami prices range between $1 million and $4 million for a two-bedroom and exceed $3.5 million for the larger, four-bedroom residences.
Visions at Brickell Station – Brickell
Groundbreaking: May 2025 | Completion: Q1 2027
Developer Urban Network Capital Group (UNCG) secured a $30 million construction loan for its condo-hotel project in Brickell that broke ground this May and is already 50% pre-sold.
Designed by Miami Lakes-based DTI Architects, Visions at Brickell Station will rise eight stories with 111 fully furnished condo-hotel units. The mid-rise’s experiential design combines innovation with timeless appeal. Interiors by Concepto will equip each residence with wellness-focused, biohacking features, including circadian lighting, probiotic diffusers, vitamin C shower filters, and mind-balancing ambient systems, offering a holistic living experience that supports mind and body.
Units will range from 321 to 539 square feet.
Given the project’s investment-focused model, owners will only be allowed to stay for up to 30 days a year and not full-time. However, you will have the flexibility to rent your unit independently via a third-party booking platform or opt into the hotel’s management program.
For added investor convenience, UNCG has already signed a hotel management and branding agreement with Preferred Hotels and is in the final stages of securing an additional partnership with Melia Hotels.
The project is also enrolled in an EB-5 program, allowing eligible investors to pursue a U.S. green card along with their purchase.
Amenities will include a rooftop pool and bar, a restaurant, a gym, a spa with Brain Tap therapy and cold plunges, laundry services, and a bikeshare program. You and your guests will also get shuttle service to the Brightline station, Miami Beach and the airport.
Visions at Brickell Station prices start at $500,000, with a choice of studios and one-bedroom residences.
Lofty Brickell & The Standard Residences Brickell – Brickell
Lofty Brickell Groundbreaking: January 2023 | Completion: 2027
The Standard Residences Brickell Groundbreaking: N/A | Completion: 2027
Developers Newgard and Two Roads scored a $513 million construction loan for the completion of two iconic projects along Miami’s riverfront. Both Lofty and The Standard Residences, connected by a podium, are more than halfway built and chasing a 2027 completion.
Developed by Newgard, Lofty will deliver 362 short-term-rental-friendly condos to Brickell. Designed by Arquitectonica, the postmodern and minimalist tower will rise 44 stories with stylish interiors by INC.NY. Units will range from 500 to 1,300 square feet. Prices ranged from approximately $600,000 to $3.5 million.
Amenities at Lofty Brickell will include an impressive skydeck with 10,000 square feet of event space and a private pool, a fitness center with private Peloton studios, an indoor/outdoor cigar lounge, a members-only social club, and a coworking lounge with private meeting rooms.
Developed by Newgard, Two Roads, and Midtown Development, The Standard Residences Brickell will deliver 407 luxury residences to Miami’s riverfront. Designed by Arquitectonica, this residents-only tower will rise 45 stories with interiors by Goodrich and The Standard’s In-House Design Studio. Units will range from 432 to 963 square feet.
Lofty Brickell prices start at a competitive $620,000.
Standout amenities at The Standard Residences Brickell include a 45th-floor rooftop pool deck with summer kitchens, a club lounge, a 10th-floor wellness spa with plunge pools, a fitness area, a movie room, a bowling alley, a game room, a ninth-floor restaurant and bar, and a pet spa.
Residents of both towers will have access to a riverfront outpost of New York’s highly acclaimed Greek restaurant AVRA Estiatorio at ground level.
Contact us for the latest prices and details for both projects.
Ritz-Carlton Residences South Beach – South Beach
Groundbreaking: 2025 | Completion: 2027
Developers Lionstone Group, Flag Luxury Group and Ben-Josef Group secured a $61.2 million pre-development loan for the highly anticipated Ritz-Carlton Residences.
Designed by Miami’s eminent Kobi Karp and with interiors by the award-winning Studio Munge, this beachside tower will rise 15 stories with only 30 custom-designed homes. The boutique building will be perched behind the Sagamore Hotel redevelopment and cantilevered over the Ritz-Carlton South Beach Hotel.
Besides direct ocean views and wraparound terraces, you will enjoy a wide range of exquisite details and finishes. Expect Calacatta Extra marble in the kitchen, Quarzo Rosa quartzite in powder rooms, Paonazzo Extra marble in the primary bathroom, and 10-foot-high ceilings.
Units will range from 1,197 to 4,491 square feet.
Standout amenities include an exclusive residents-only amenity floor, a unique dining experience by Nobel Peace Prize nominee & Michelin-starred Chef José Andrés, and preferred access to Sagamore and The Ritz-Carlton’s services, as well as owner benefits at related hotel brands around the world.
Additional amenities include a private rooftop pool and terrace with sun loungers and private cabanas, a poolside social lounge enhanced with multimedia tech, a state-of-the-art fitness center by Technogym, in-residence spa treatments, pet care kennel reservations, curated contemporary art installations, and a sculpture garden by Naturalficial.
Ritz-Carlton Residences South Beach prices start at $4.3 million, with a choice of one to five-bedroom residences. Penthouses could go up to $125 million.
ELLE Residences – Edgewater
Groundbreaking: 2025 | Completion: 2028
Along with signing a utilities agreement, Vertical Developments and Urban Network Capital Group released new renderings of its picturesque rooftop pool deck this September. The Riviera-inspired space will feature a red-and-white checkerboard-patterned tile flooring, aqua mosaic tiles in the pool, minimalist lounge chairs, glass railings, and lush tropical greenery.
Designed by Behar Font & Partners, the chic tower will feature 180 turnkey homes alongside two full floors of amenities that seem fresh out of the pages of ELLE Magazine. The 25-story tower will offer a contemporary interpretation of mid-century modern design and contemporary French elegance with the warmth of tropical luxury. Furnished by The One Atelier, units will range from 450 to 845 square feet.
As an owner, you will be allowed short-term rentals, with access to a fully managed flexible rental program for effortless operation.
You will also have access to two floors of amenities including the French Riviera-inspired sundeck, a gourmet summer kitchen, a residents-only lounge with bar and entertainment areas, a spa with cold plunges and a Himalayan Salt wall, a high-tech gym, an outdoor fitness lawn, and a meditation garden.
There will also be an open-air movie theater, a gourmet café, a restaurant, boutique retail, and 121 parking spaces.
ELLE Residences prices started at $525,000, with a choice of one- and two-bedroom residences.
Ponce Park Residences – Coral Gables
Groundbreaking: Q4 2025 | Completion: Late 2027
Developer Allen Morris has released new renderings of the project’s amenity spaces shortly after opening its sales center, offering a more immersive preview of Ponce Park Residences. Designed by Zyscovich Architects, the 11-story building will feature 58 luxury condos with upscale interiors by Meyer Davis Studio.
The building’s design will be a nod to Coral Gables’ rich Mediterranean influence, elevated by contemporary elements. The timeless façade will be clad in the finest of natural stones plus custom artisanal metal and wood detailing throughout.
All residences will feature chef-grade kitchens, Italian wood cabinetry, spa-like baths with freestanding soaking tubs, smart home technology, expansive balconies, and a summer kitchen.
Units will range from 1,900 to 6,500 square feet.
The 30,000 square feet of amenities will include a rooftop pool, a jacuzzi, a spa, a full-service Sky Bar, a gym that opens into a courtyard garden, and an artisanal café. The building’s ground floor will house 25,000 square feet of retail along with a Michelin-starred restaurant. A cobblestone paseo will replace the existing alleyway at 3000 Ponce de Leon Blvd.
Naturalficial is leading landscape design both on and off the property. The firm’s classic European design concepts will extend to the $2 million revitalization of the adjacent Ponce Circle Park, reinforcing the developer’s commitment to community and long-term value.
Prices start at $3.1 million, with a choice of two to five-bedroom residences. Reach out to schedule a private presentation and secure your next address in this timeless, Mediterranean-inspired community.
The Delmore – Surfside
Groundbreaking: Q4 2025 | Completion: 2029
Dubai-based developer DAMAC International has partnered with a veteran-led defense firm to provide single-family-home-level security at The Delmore. Washington, D.C.-based Active Security Consulting LLC will be in charge of implementing a next-gen security program at The Delmore, offering enhanced peace of mind using advanced solutions and cyber tech.
Designed by Zaha Hadid Architects, the 12-story beachfront building will feature no more than four residences per floor. Its 37 fully-furnished homes will feature interior design by Singapore’s acclaimed Hirsch Bedner Associates.
Offering true sky mansions, units at The Delmore will average more than 7,000 square feet, with penthouses starting at 10,000 square feet. You can look forward to a five-star living experience, complete with two kitchens, personalized assistance from a residence manager, and dedicated butler services.
Featuring more than 55,000 square feet of amenities, the mid-rise offers access to a 20,000-square-foot outdoor meditation garden, a private restaurant with a Michelin-starred menu, an indoor pool, a fitness center, a wellness spa with a steam room, a sauna with hot and cold plunge pools, a game room, and a private event space. The 75-foot-long acrylic rooftop pool, suspended 125 feet in the air, will be the centerpiece.
Delmore prices start at $15 million—making it one of the most expensive in the county—with a choice of four- to five-bedroom residences.
Faena Residences Miami – Miami River
Groundbreaking: Late 2025 | Completion: Late 2028
Submitting plans to the Federal Aviation Administration for a proposed height of 802 feet above ground (or 811 feet above sea), developers Kar Properties and Fortune International Group are a step closer to materializing their dual-tower riverfront project. Following the epic success of Mid-Beach’s Faena House and cultural district, the developer duo is partnering with Alan Faena to construct two 60-story Faena Residences Miami at 90 Southwest Fourth Street under his luxury lifestyle brand.
Designed by New York’s highly acclaimed Rafael Viñoly Architects, the riverfront skyscrapers will rise with a total of 440 residences. Interiors will be handled by London’s Bryan O’Sullivan, in collaboration with Faena Design Studio, and will feature the brand’s signature muted red tones, rich textures, dramatic accents, and exquisite craftsmanship.
Units will range from 716 to 3,149 square feet.
Connecting both towers at the top will be a two-story cultural facility. The 45,000-square-foot sky bridge will feature an infinity-edge pool, a restaurant, a bar, a screening room, a game room, a golf simulator, and programming by Faena.
Additional amenities will include a smart pool with underwater sound system, a botanical steam room with South American herbs, a state-of-the-art fitness center, a multifunctional padel court, spa gardens with a pet spa, an outdoor kids’ play area, and private access to the riverfront promenade and park.
The striking luxury towers will be part of the three-block Faena District Miami River, a multi-phase cultural epicenter with curated spaces, public art, wellness facilities, and a marina set within the only 14-acre private park along the river.
Faena Residences Miami prices are expected to start at $1.3 million, with a choice of one- to four-bedroom residences.
Jean-Georges’ Miami Tropic Residences – Midtown Miami
Groundbreaking: Summer 2025 | Completion: Q2 2028
French chef Jean-Georges Vongerichten’s first residential real estate venture is garnering international attention as globally-acclaimed Argentine polo plIt’s oayer Nacho Figueras, also known as the David Beckham of equestrian sport, and his son Hilario Figueras recently signed for a unit at the Jean-Georges Miami Tropic Residences.
Designed by Miami-based Arquitectonica and with interiors by the award-winning Yabu Pushelberg, the 48-story building will rise with 329 condos.
Each residence will feature airy, open living spaces, in-unit kitchens designed by the multi-Michelin-starred chef himself, primary baths with two color palettes, floating cabinetry, a soaking bathtub, and up to 9.6-foot-deep balconies. Units will range from 852 to 2,892 square feet.
The French chef will be involved in planning every element of the building and curate its 41,000 square feet of amenities. One of the highlights will be the trilogy of Vongerichten’s ABC restaurants (Kitchen, Cocina and V), which will be part of the 27,500 square feet of retail space on the ground floor.
Additional amenities will include a rooftop pool deck with courtyards and a bar, another resort-style pool and signature restaurant on the 8th floor, a kids’ pool, an outdoor theater, a lounge, a juice bar, an indoor-outdoor fitness center, plunge pools, a squash court, a yoga studio, and multiple gardens.
There will also be a podcast studio, a residents’ lounge, and a coworking area. The grounds will feature lush tropical landscaping by Clad Landscape Architecture, perfectly reflecting the project’s name.
As an owner at this Terra and Lion Group development, you will be allowed to rent your residence up to four times a year, with a minimum term of three months.
Prices start at $1.6 million, with a choice of one- to four-bedroom residences.
— Miami Pre-Construction Condos: Watchlist
Michael Shvo Attempts to Salvage Stalled Rosewood (Raleigh) Residences – South Beach
Exercising his right of first refusal, which has reportedly expired, Michael Shvo is trying to salvage his position in Raleigh’s redevelopment. Seeking $85 million in arbitration fees from one of his German investors, he seeks to reinvest the capital to secure his equity in the project.
In case Shvo is unable to outbid Nahla Capital, which has already won a $275 million bid to purchase the highly anticipated Rosewood-branded redevelopment, he may have to exit the project entirely. Nahla has expressed its interest to stick to original plans for the project.
Designed by New York’s Peter Marino in collaboration with Kobi Karp, the project includes the renovation and restoration of Raleigh, South Seas, and Richmond Hotels to their Art Deco-era glory. It also includes the development of a brand new 60-key hotel and 44 condos with oversized floor plans. The condo building would feature two- to five-bedroom residences.
Fronting 220 feet of pristine ocean at 1751, 1757 and 1775 Collins Avenue, the iconic renovation project is planned to feature a revamped version of Raleigh’s Martini Bar and iconic fleur-de-lis-shaped pool, a pair of residents-only sunrise and sunset pools, the U.S. outpost of the Milanese restaurant Langosteria, restored versions of the Tiger Room restaurant, and a Rosewood signature restaurant in the South Seas, along with a private member’s club with beachfront dining.
Construction was stalled before the project could go vertical. Groundbreaking was expected to take place this year, with completion projected for 2027.
Possible Foreclosure Resolution of Legacy Hotel & Residences – Downtown Miami
Groundbreaking: August 2021 | Projected Completion: Q2 2026
Dan Kodsi has until November 5 to pay lender Monarch Alternative Capital more than $35.1 million in compensation to pull the stalled Legacy Hotel & Residences out of foreclosure. The amount would help satisfy the mortgage provided by Monarch and clear the way for Kodsi to secure refinancing for the $390 million loan.
Read our July 2025 Miami preconstruction update for details on the claims and counterclaims made in the case that went to court this summer.
Construction at the 50-story tower has been paused on the 16th floor for over a year. Designed by Kobi Karp, Legacy Hotel & Residences is planned to feature 310 luxury residences, 219 Accor hotel rooms, a 10-story Blue Zones-branded wellness retreat, Downtown’s largest hotel pool deck with 1-acre, a Singapore-inspired cantilevered pool hanging 500 feet in the sky, America’s largest rooftop glass atrium with 7 stories of palm trees, and a members-only international business lounge, among other world-class amenities.
Masaveu Acquires Wendy’s Site – Brickell
Spanish conglomerate Masaveu now owns approximately half a city block in West Brickell, spanning Southwest Second Avenue on the east to the I-95 ramp on the west. Its latest acquisition includes a 26,600-square-foot lot containing a Wendy's, which it purchased for $24 million this September.
Zoning for the site permits building 150 units per acre with a maximum project height of 48 stories. The assemblage can be developed into a condominium, apartment, hotel, office, or mixed-use project.
Some notable condo pre-construction projects in the vicinity include Mercedes-Benz Places Miami and One Twenty Brickell.
Probable Foreclosure of Condo-hotel Development Site – Arts & Entertainment District
The 0.49-acre property at 1317-1353 North Miami Avenue, once slated for a condo-hotel development, could now face foreclosure. An affiliate of Boynton Beach-based Forman Capital had provided an $8.36 million mortgage to Elevate 13th St LLC, which defaulted on the bridge loan, prompting the lawsuit.
Representatives for said the loan is in the process of transitioning from a land loan to a construction loan, describing the situation as temporary and easily resolvable. The LLC is currently working with the City of Miami to finalize design plans and permitted density for its proposed development on the site.
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