Shoma Group Breaks Ground on Shoma Bay in North Bay Village Miami
Shoma Group has officially commenced construction on Shoma Bay, an ambitious residential project located in the picturesque waterfront community of North Bay Village, Florida. This groundbreaking event marks a significant milestone for the area, which has seen little development over the past decade. Launched in September 2022, Shoma Bay has quickly established itself as the benchmark for future residential projects in the region.
Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, recognized the island’s untapped potential early on. His vision to transform North Bay Village into a luxurious residential haven is now becoming a reality with Shoma Bay being the first major development to capitalize on the area’s evolution.
Shoma Bay will feature 333 luxury residences, including a variety of meticulously designed floor plans that range from furnished studios to expansive three-bedroom units, with sizes spanning from 344 to 2,700 square feet. The project will also include 10 penthouses, one of which will be the home of Masoud and Stephanie Shojaee, President of Shoma Group. Prices for the available units start at $750,000, with ISG World serving as the exclusive sales team for the development.
Each residence will be thoughtfully crafted to optimize comfort and functionality, with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos. The building will blend classic art-deco elements with contemporary aesthetics, catering to individuals seeking a holistic approach to living that seamlessly integrates work, wellness, and leisure.
The penthouses at Shoma Bay will offer unique, high-end finishes. Kitchens will be outfitted with the exclusive Gaggenau Appliance Collection, including a French Door Panel-Ready Refrigerator and Freezer, a Panel-Ready dishwasher, a Wall Oven, and an Induction Cooktop. Bathrooms will feature the exclusive Armani Bathroom Collection, including a Frameless Rain Shower and a Designer Soaking Tub in select units.
Shoma Bay is set to redefine luxury living with its array of world-class amenities. Residents will have access to a resident lounge and bar, a spa with a hammam, a golf simulator, a two-story state-of-the-art fitness center, a pet spa, a kids club, a theater room, a wine cellar, a cigar lounge, and a Zen Garden with fire pits. The development’s centerpiece will be the expansive 6,030-square-foot pool deck, offering panoramic views of Biscayne Bay, complete with a pool, cabanas, and a summer kitchen. Additional conveniences include designated parking, electric vehicle charging stations, a bike room, storage spaces, and a grocery delivery room.
Moreover, Shoma Bay will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space, which includes a rooftop lounge. This integration of retail and residential spaces aims to enhance the community living experience by providing residents with easy access to daily necessities and leisure activities.
“We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village,” said Stephanie Shojaee. “At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle. From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay, we have curated a collection of exceptional amenities that will elevate the living experience for our residents.”
Situated at 1850 John F. Kennedy Causeway, Shoma Bay boasts a prime location at the intersection of 79th Street Causeway and East Treasure Drive. This strategic position offers residents convenient access to major highways and a plethora of world-class dining, retail, and entertainment options available in South Florida. The project’s anticipated completion date is set for the end of 2026.
Miami’s Transformation: One Bayfront Plaza’s New Supertall Tower
Miami’s Building Department has issued a total demolition permit for the One Bayfront Plaza site at 100 South Biscayne Boulevard, marking a significant first step towards developing a new supertall tower in downtown Miami. Approved on March 27 and issued on June 25, this permit sets the stage for a major transformation in the heart of the city.
Currently, the site hosts a 19-story office building that occupies an entire city block, a significant presence in Miami’s downtown area. The demolition process, expected to take nine months to a year, will clear the way for a transformative project that will redefine the city’s skyline. Interior demolition has already begun, with B2 Group LLC handling the work under a permit valued at $2.4 million.
The property owner, Florida East Coast Realty (FECR), has ambitious plans for the site. They envision a landmark tower reaching 1,049 feet in height, featuring over three million square feet of mixed-use space. This includes class AAA office space, a luxury convention hotel, high-end residences, an upscale retail mall, and a parking garage, all offering 360-degree panoramic views over Biscayne Bay. Once completed, this tower will become Miami’s tallest building and the city’s second supertall, following the soon-to-rise Waldorf Astoria Hotel & Residences.
The new tower’s design is still under wraps, with previous concepts from renowned architects like Kohn Pedersen Fox and ODP Architecture & Design. While specific details are scarce, FECR has shared a low-resolution rendering of the proposed building, though the architect’s identity remains undisclosed.
Older renderings of supertall towers on the site:
One Bayfront Plaza, designed by ODP Architecture & Design.
One Bayfront Plaza, designed by Kohn Pedersen Fox and ODP Architecture & Design.
In recent years, the One Bayfront Plaza site has gained notoriety for its extensive graffiti. The abandoned building has served as a canvas for graffiti artists, particularly during major events like Art Basel. In December 2023, graffiti artists from around the world “bombed” the building, covering it with colorful tags and murals. This creative takeover highlighted the building’s vacancy and prominence as a visible site in downtown Miami, attracting both admiration and condemnation from the public.
The new tower is expected to bring significant economic benefits to the area, attracting businesses, tourists, and new residents. Its diverse range of uses aims to create a vibrant and dynamic environment, enhancing the appeal of downtown Miami as a premier destination for work, living, and leisure.
As the demolition process begins and the groundwork is laid for this new supertall tower, Miami is poised for a transformative development that will reshape its skyline and redefine its downtown area.
More Development Secures $76.81 Million Loan for SoWy: A Vibrant, Sustainable Mixed-Use Project in Miami
An international real estate company based in Miami and Nassau, Bahamas, More Development, has secured a significant $76.81 million loan for their latest venture, SoWy. This upcoming mixed-use development is set to transform the Wynwood and Overtown areas, situated north of Downtown Miami. The loan was announced by More Development President Whitney Thier and was provided by JP Morgan Chase.
The SoWy project spans nearly eight acres and includes 26 parcels across six blocks along 2nd Avenue, between NW 20th and 22nd Street. The site offers nearly 2.5 million base buildable square feet, even before considering the provisions of the Live Local Act. Initial plans for SoWy feature flexible and adaptable multi-use indoor and outdoor spaces, all housed within site-specific architectural buildings.
A key aspect of the SoWy development is its integration of residential spaces within a dynamic, creative environment, all while focusing on sustainability. More Development, which maintains an office within the SoWy site, is dedicated to respecting the unique cultural and artistic vibe of Wynwood and Overtown, ensuring seamless integration with the neighborhoods’ atmosphere.
Whitney Thier emphasized this commitment, stating, “More Development values artistry, craftsmanship, and history, and we were drawn to the soul and rich history of the area. With financing in place, we are ready to realize the initial phase of our plans to invigorate the neighborhood with a new vibrant environment where people can live, work, shop, dine, and play in a pedestrian-friendly and art-forward setting. We are eager to be a part of the community and are fully committed to preserving and enhancing the area’s distinctive character and contributing positively to its ongoing evolution. SoWy will build upon Wynwood and Overtown’s unique culture that attracts a diverse mix of residents of all ages and backgrounds.”
Wynwood is renowned for its vibrant street art, trendy galleries, and eclectic mix of shops and eateries. The neighborhood has experienced significant growth in recent years, with visitor numbers rising from 240,000 in 2013 to 15 million annually in 2023, according to the Wynwood Business Improvement District.
Overtown, on the other hand, is recognized for its historical significance and vibrant African-American heritage. Once known as the “Harlem of the South,” Overtown has been a cultural hub for music, arts, and community gatherings. The neighborhood is home to historic landmarks such as the Lyric Theater and hosts numerous cultural events celebrating its legacy.
More Development has a remarkable track record, having developed over seven million square feet of mixed-use property worldwide. The company is well-known for projects such as Baha Mar, a large resort in The Bahamas that includes three luxury hotels, 30 restaurants, bars, lounges, an 18-hole Jack Nicklaus-designed golf course, 10 swimming pools, a world-class spa, and the largest casino in the Caribbean. More recently, they completed Arev St. Tropez, a bespoke luxury hotel in the French Riviera, and are currently developing Mahogany Hill, a collection of luxury condominium residences in Nassau, The Bahamas.
With the SoWy project, More Development is set to enhance the vibrant and culturally rich neighborhoods of Wynwood and Overtown. The project promises to create a new, dynamic environment that respects the unique character of these areas while offering modern, sustainable living spaces. As the development moves forward, it will undoubtedly contribute to the ongoing evolution and growth of Miami.
ABH Developer Group Unveils Two Exciting Projects in Wynwood Norte
ABH Developer Group is transforming the Wynwood district in Miami with two newly launched projects, Wyn Ave and W35. Following the successful initiation of Casa Wyn and Wyn 05, these fresh developments are set to bring modern living and vibrant community spaces to the heart of Wynwood.
Situated at 3332 NW 5th Ave., Wyn Ave is a six-story building that combines residential and retail spaces. This mixed-use development will house 44 apartments alongside 2,370 square feet of ground-floor retail area. Designed by Modis, Wyn Ave is characterized by its sleek, urban aesthetic and smart living spaces. The apartments range from studio to two-bedroom units, with sizes spanning from 423 to 874 square feet. Each unit is equipped with high-end finishes, modern kitchens, and in-unit laundry facilities.
The ground floor will feature five retail spaces, designed to bring energy and convenience to the neighborhood. A notable retail tenant, to be announced soon, will add to the vibrancy of the community. Wyn Ave offers a host of amenities including a rooftop pool deck, fitness center, garden areas, co-working spaces, and electric vehicle charging stations. With rents starting at $2,400, Wyn Ave provides an attractive option for those looking to live in a prime Miami location. The project is expected to be completed by the third quarter of 2025.
Located at 319 NW 35th St., W35 is another innovative project by ABH Developer Group. This five-story development will feature 24 apartments and 2,500 square feet of ground-floor office space. W35 shares a modern design with Wyn Ave, courtesy of Modis, offering a cohesive aesthetic across both projects. The apartments at W35 include studio, one-, and two-bedroom units, ranging from 477 to 510 square feet. Each unit features contemporary finishes, walk-in closets, and in-unit laundry.
Residents of W35 will enjoy a rooftop terrace equipped with a barbecue area and solarium, perfect for relaxation and social gatherings. The development also includes outdoor workspaces, creating a productive and serene environment. To promote sustainable living, W35 will offer complimentary on-demand electric scooters for residents, making it easy to navigate Wynwood, the Design District, and Midtown. W35 is set for completion in the second quarter of 2025.
MG3, the general contractor for both projects, is bringing these modern designs to life. ABH Developer Group’s commitment to innovation and community-focused development is evident in these new projects, which aim to enhance the living experience in Wynwood Norte.
These projects signify a significant step forward in urban living, offering modern amenities and sustainable transit options in one of Miami’s most vibrant districts.
New Construction in Miami Beach-Ella Miami Beach
Following the announcement of 299 Minorca, an eight-story, mixed-use venture, the Constellation Group and Boschetti Group have unveiled their next ambitious project: Ella Miami Beach. This upcoming residential tower promises to bring a new level of luxury and modern living to Miami Beach.
Ella Miami Beach is set to be a 10-story residential tower featuring 95 condominiums. Ella Miami Beach will offer a variety of living spaces, ranging from studio to two-bedroom layout plans, with unit sizes spanning from 434 to 1,076 square feet.
Residents of Ella Miami Beach will enjoy a plethora of amenities designed to enhance their living experience. The homes will feature expansive outdoor terraces, plank-style flooring, and various high-end finishes that provide a touch of elegance and comfort.
Amenities:
A rooftop swimming pool
A pickleball court
A fitness center
Additional offerings to cater to a modern lifestyle
These features are sure to provide residents with ample opportunities for recreation and relaxation. Condo sales for Ella Miami Beach began in June 2023, and the development has already seen significant interest, with 36 percent of the units sold. Although construction has not yet started, the project’s website anticipates completion by the first quarter of 2026.
Ella Miami Beach is not just about residential living; it will also include 2,200 square feet of retail space, adding convenience and vibrancy to the area. The high-rise has been designed by the internationally renowned, Miami-based firm Arquitectonica, ensuring a striking and modern architectural presence.
The developers purchased the 25,000-square-foot parcel for Ella Miami Beach in February 2023 for $5.5 million. The site is located at 6940 Abbott Ave, Miami Beach, FL, 33141, in the vibrant Miami-Dade County.
Ella Miami Beach is set to become a landmark of luxury and modern living in Miami Beach. With its high-end amenities, stunning design, and prime location, it offers a promising new option for residents seeking the best in Miami Beach living. Stay tuned for more updates as this exciting project progresses towards its anticipated completion in early 2026.
Casa Neos: Miami’s New Mediterranean Jewel on the River
Casa Neos, the sister restaurant of Mila in South Beach and Ava in Winter Park, is opening along the Miami River on Wednesday, June 26, by Chef Michaël Michaelidis, a chef with 26 Michelin stars of experience. The two-story restaurant plans on taking its guests through a “journey of the Mediterranean” with its cuisine, decor, and atmosphere inspired by the Aegean Islands.
Founded by the Miami-based hospitality group Riviera Dining Group, the restaurant is a multi-purpose space, meaning it is also part boutique hotel (the very first for the hospitality group) and part members-only club. Casa Neos will be one of two restaurants located within the space — Noora, a Moroccan and North African rooftop restaurant and lounge, will open in the fall of 2024.
Led by Chef Michaelidis, who is head of culinary at Riviera Dining Group, every dish at Casa Neos will reflect dishes typically served along the Mediterranean. “Throughout all Casa Neos offerings, seasonal flavors meet modern techniques, complemented with my knowledge of traditional French flavors and techniques,” explains Chef Michaelidis.
Open for lunch, dinner, and brunch during the weekend, Casa Neos’ Mediterranean-inspired menu will feature fresh fish, a selection of prime meat offerings, and house-made bread in wood-fired ovens. “I’m honored to be a part of a new chapter in Miami’s culinary scene,” says Chef Michaelidis. “From the authentic and fresh ingredients of Casa Neos Restaurant to the rich, aromatic notes of Noora, Casa Neos promises a fully immersive experience for all the senses.”
Chef Michaelidis joined Riviera Dining Group after 12 years of working with the Robuchon Group, where he earned seven Michelin stars, for a total of 26 Michelin stars spanning his career in Cannes, Monaco, Hong Kong, Singapore, and Tokyo.
Aesthetically designed by architectural designer Lazaro Rosa Violan, Casa Neos is inspired by his travels from the shores of Greece to Morocco, and each detail reflects the rich cultural influences of these regions. Upon entering, guests are welcomed by natural design elements and wooden pieces of furniture, which complement the greenery and boho tones of the restaurant’s interior.
The interiors celebrate the rich variety of Mediterranean cultures with stone and stucco walls, ensuring a cool respite from the warm Miami sun. Plus, natural fabrics such as cotton, jute, and linen fill the dining room and bar areas, allowing breezes to flood the dining areas, and hand-painted ceramics adorn the walls. Staying true to the restaurant’s roots, Moroccan rugs and Zellige tile fill the floors of the restaurant, with each fabric sourced from Turkey, Spain, or France. Plus, the leathers are all hand-braided.
“Every aspect of Casa Neos, from the unique scent to the handpicked details, has a purpose and is designed to make guests feel right at home while simultaneously transporting them to exotic regions around the globe,” says Marine Giron-Galy, chief branding officer and partner of Riviera Dining Group. “Influenced by the love of hospitality that’s central to our French roots, Casa Neos was born out of our genuine love for curating one-of-a-kind experiences and bringing a touch of international flair to Miami.”
Construction Update for Miami Riverbridge in Downtown Miami
Hyatt Hotels Corporation and Miami’s Gencom, under the HRM Owner, LLC, have unveiled an ambitious plan that promises to redefine downtown Miami’s skyline. The proposal for the Miami Riverbridge development has been submitted to the City of Miami’s Urban Development Review Board, marking a significant step towards transforming a prime urban location.
The Miami Riverbridge project, designed by the renowned architectural firm Arquitectonica, is set to occupy the current site of the James L. Knight Center, the Miami Convention Center, the Miami Conference Center, and the Hyatt Regency Hotel. Located at 298, 300, 330, and 400 Southeast 2nd Avenue, this extensive development aims to create a cohesive mixed-use complex that spans approximately 4 acres along the north bank of the Miami River.
The proposed development features three interconnected towers with a shared podium, offering a blend of residential, commercial, and hospitality spaces:
1,342 Residential Units
264 Apartment-Hotel Units
615 Hotel Rooms
Convention and Meeting Spaces
100,000 Square Feet of Commercial Space
1,101 Parking Spaces and Amenities
The towers’ heights are noteworthy, with an 87-story supertall structure reaching 1,044 feet, a 62-story tower rising to 734 feet, and a 52-story tower standing at 636 feet.
A central element of the Miami Riverbridge project is the creation of a new public riverfront space. This includes a 50-foot setback along the Miami River to enhance the existing Riverwalk and improve connections with the Miami River Greenway. This design is aligned with the Miami Comprehensive Neighborhood Plan’s Port of Miami River Sub-Element, which aims to promote mixed-use development, activate the waterfront, and contribute to the city’s economic growth.
Given the project’s scale and complexity, Miami Riverbridge will be developed in phases. Importantly, no special approvals or waivers are being requested, as the project complies with Miami 21 zoning requirements. The developers are confident that Miami Riverbridge will significantly enhance downtown Miami, transforming an underutilized property into a vibrant mixed-use complex and regional hub.
The UDRB review for this proposal is scheduled for today. If approved, Miami Riverbridge will set a new standard for urban development in Miami, combining luxury living, commercial opportunities, and public amenities in a landmark waterfront location.
The Residences at Six Fisher Island Secure $400M Construction Loan
In the realm of ultra-luxury real estate, few projects command as much anticipation and prestige as The Residences at Six Fisher Island. Recently, Related Group, in collaboration with partners Teddy Sagi and BH Group, alongside Wanxiang America RE Group, achieved a significant milestone by securing a $400 million construction loan from Madison Realty Capital. This loan replaces an initial $85 million acquisition loan, underscoring the scale and ambition of this exclusive development.
Situated on Fisher Island’s Northeastern shoreline, The Residences at Six Fisher Island is poised to become a hallmark of opulence on the East Coast. With only 50 private residences spread across 10 stories, the project promises an unprecedented level of exclusivity and luxury. Construction is slated to commence this summer, with completion expected by 2026.
Since its launch in late 2022, The Residences have already achieved remarkable sales exceeding $500 million. This includes the recent sale of two penthouses for a combined $150 million, emphasizing the allure and desirability of this unique development.
Berkadia South Florida played a pivotal role in securing the nine-figure loan, with Scott Wadler, Managing Director, highlighting the strategic foresight and global appeal of Related and BH Group’s vision for waterfront luxury living. The project’s distinctiveness and unprecedented demand for its penthouses contributed to Berkadia’s confidence in facilitating this landmark financing arrangement.
Nick Pérez, President of Related’s Condominium Division, expressed a deep commitment to enhancing Fisher Island’s unparalleled reputation. The development aims to blend opulence with tranquility, offering residences averaging 4,817 square feet designed by Tara Bernerd and Partners and Kobi Karp Architects. Each home will feature bespoke interiors, private elevator foyers, and panoramic water views—a testament to meticulous craftsmanship and elevated living.
Residents of Six Fisher Island will enjoy a wealth of amenities, including two resort-style pool decks, a state-of-the-art wellness facility, and exclusive access to Fisher Island’s renowned private beach and golf course. This enclave promises a seamless fusion of privacy and convenience, catering to the discerning tastes of its esteemed residents.
Isaac Toledano, Founder of BH Group, emphasized the project’s commitment to enriching Fisher Island’s unique community ambiance. The development seeks not only to redefine luxury living but also to preserve and enhance the island’s cherished village-like atmosphere—a testament to BH Group’s dedication to crafting exceptional living environments.
With the $400 million construction loan secured, The Residences at Six Fisher Island stands poised to redefine the pinnacle of luxury living on the East Coast. This landmark development represents a harmonious blend of visionary architecture, unparalleled amenities, and a commitment to timeless elegance. As construction progresses, anticipation mounts for what promises to be a new standard in coastal living, offering a rare opportunity to reside in one of the world’s most exclusive communities.
Introducing First & Fifth: A New Icon in Downtown Miami’s Skyline
Oak Row Equities has made a bold move in the heart of Downtown Miami with its recent acquisition of 49 Northwest 5th Street, heralding the dawn of First & Fifth, a visionary 45-story multifamily tower. This off-market purchase, secured for $38.5 million with seller financing, marks a significant step in the company’s commitment to shaping South Florida’s urban landscape.
Designed by ODP Architecture & Design, First & Fifth draws inspiration from Miami’s rich Venetian architecture of the early 20th century, blending historical charm with contemporary flair. The design features prominent arches reminiscent of the Doge Palace in Venice, creating a unique silhouette against Miami’s skyline.
The 700,000-square-foot tower will host 500 multifamily units, each offering high-end finishes and sweeping city views. Bright, airy spaces emphasize the open feel of urban living, tailored to meet the demands of modern residents seeking both luxury and convenience.
Situated strategically across from MiamiCentral Station, First & Fifth enjoys unparalleled connectivity as the central nexus for South Florida’s major train systems: Brightline, Metrorail, Tri-Rail, and Metromover. This prime location places residents within walking distance of Miami’s dynamic urban core, including Miami Dade College’s Wolfson Campus, the federal courthouse, and the Miami Heat’s arena.
Erik Rutter, Managing Partner at Oak Row Equities, articulates the project’s vision: “First & Fifth exemplifies our belief that proximity to transportation hubs is pivotal in shaping urban living choices in South Florida.” This sentiment is echoed by David Weitz, Managing Partner, who emphasizes the project’s culmination of foresight and collaboration.
First & Fifth not only enhances the skyline but also reflects Oak Row Equities’ dedication to transit-oriented development. This approach is central to their portfolio, which includes notable projects like The Oasis, Wynwood Plaza, and others strategically positioned near transit nodes to maximize connectivity across the region.
As Oak Row Equities prepares to introduce First & Fifth to the capital markets and prospective tenants, anticipation mounts for a new chapter in Miami’s urban evolution. With its blend of historical inspiration, modern design, and strategic location, First & Fifth promises to redefine urban living in Miami, offering a vibrant lifestyle where convenience meets luxury.
Stay tuned as First & Fifth rises to prominence, a testament to Miami’s growth and Oak Row Equities’ commitment to innovation in urban development.
$668 Million Construction Loan Secured for Waldorf Astoria Hotel & Residences
Waldorf Astoria Hotel & Residences, spearheaded by PMG in collaboration with esteemed partners including Greybrook, Mohari Hospitality, S2 Development, and Hilton, has secured a monumental $668 million in construction financing, setting a new record in Florida’s residential condominium development history.
Nestled at 300 Biscayne Boulevard, the Waldorf Astoria Hotel & Residences Miami is not just another skyscraper; it’s a marvel in architectural ingenuity and luxury living. Designed by the renowned Sieger Suarez Architects in collaboration with Carlos Ott, the 1,049-foot tower will stand as the tallest residential building south of New York City. Its distinctive design features nine spiraling, offset glass cubes wrapped in a stunning “glass skin,” ensuring it stands out as an iconic addition to Miami’s ever-evolving skyline.
What sets Waldorf Astoria Hotel & Residences Miami apart is its seamless blend of luxury residences and world-class hospitality. The development will house 387 private residences alongside 205 guestrooms and suites within the luxury hotel segment. Each unit is meticulously crafted with BAMO’s award-winning interior design, offering not only breathtaking views but also unparalleled comfort and sophistication.
Residents and guests will enjoy access to the Waldorf Astoria brand’s renowned Peacock Alley, a specialty restaurant, and indoor/outdoor event spaces for memorable gatherings. A resort-style pool deck with private cabanas, a holistic wellness spa, and state-of-the-art fitness center ensure relaxation and rejuvenation at every turn. Private residential amenities include an exclusive lobby, billiard room, and a kids’ club, offering something for every member of the family.
As the project moves into its vertical construction phase, anticipation builds for the grand unveiling slated for Q2 2028. Managed by Hilton Management Services, Waldorf Astoria Hotel & Residences Miami promises not just a residence, but a refined haven where personalized service and best-in-class experiences define everyday living.
