PMG Locks in $413M Financing for Dual-Tower One Twenty Brickell Residences in Miami

Miami’s development momentum shows no signs of slowing down as national developer PMG secures $413 million in construction financing for One Twenty Brickell Residences, a high-profile dual-tower project planned for the heart of Brickell. The financing package, provided by an Ares Real Estate fund and Monarch Alternative Capital, will support all aspects of the development—including luxury condominiums, rental residences, retail, and structured parking.

This latest deal marks a continued collaboration between PMG and its capital partners, who previously joined forces on a financing package for a separate PMG development in Wynwood. Jones Lang LaSalle (JLL), along with PMG’s Capital Markets team, helped structure and secure the financing. PMG is targeting an early May groundbreaking, with delivery scheduled for 2028.

“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said PMG’s Andrew Warman, who helped lead the transaction.

One Twenty Brickell Residences will consist of two architecturally distinct towers designed by Sieger Suarez Architects, with interiors by Cotofana Designs. The first tower, rising 37 stories, will include 266 fully finished condos—each with a deeded office suite, a unique offering aimed at today’s work-from-anywhere buyer. The second tower, rising 41 stories, will be operated by Sentral and feature 537 rental apartments ranging from studios to three-bedrooms, all outfitted with high-end finishes, smart home tech, and custom Italkraft cabinetry.

PMG reports that the condominium tower is already over 91% sold, a sign of strong market appetite for luxury residences in this key Miami submarket. “Its swift sales success is a testament to the tremendous team at PMG Residential,” noted Dan Kaplan, Managing Partner at PMG.

The project also boasts an impressive amenity package. Residents will enjoy over 100,000 square feet of shared and exclusive offerings, including concierge service, fitness studios, co-working lounges, a juice bar, pickleball court, spa and treatment rooms, and an infinity-edge pool—catering to both social lifestyles and wellness-focused living.

Representatives from both financing firms expressed confidence in the project’s positioning. Ares’ Bryan Donohoe noted that the firm was “pleased to further build on our relationship with PMG,” while Monarch’s Joshua Acheatel said they were “excited to continue [their] relationship with a best-in-class developer.”

PMG’s legal team, along with leading attorneys from Kramer Levin, Saul Ewing, Bilzin Sumberg, and Greenberg, Trager & Herbst, managed the legal structuring of the deal.

Backed by a portfolio that includes E11EVEN® Hotel & Residences, Waldorf Astoria Hotel & Residences Miami, and 111 West 57th Street in NYC, PMG continues to solidify its reputation as a dominant force in the luxury residential market. With One Twenty Brickell Residences, the developer further affirms its commitment to forward-thinking urban development and lifestyle design in Miami’s most desirable neighborhoods.

Una Residences Nears Completion in Brickell with Deepest Underground Garage in Miami

Construction continues at Una Residences, a striking 47-story tower rising along the waterfront in the southern end of Brickell. Designed by world-renowned architectural firm Adrian Smith + Gordon Gill, the 579-foot tower has already topped off and is quickly taking shape as one of the tallest residential buildings in the area.

Developed by OKO Group and Cain International, Una Residences will offer approximately 135 ultra-luxury condominiums with sweeping views of Biscayne Bay. The building is not only distinguished by its sail-inspired silhouette and modern design but also by its engineering feat—a record-setting underground garage. Construction began in the fall of 2020, with crews excavating to nearly 50 feet below sea level to build what is now Miami’s deepest and most expensive subterranean parking structure, accommodating 236 vehicles across three levels.

In addition to its luxury residences and world-class amenities, Una will contribute to the neighborhood’s pedestrian experience with a planned public baywalk situated behind the property, enhancing access to the waterfront for residents and visitors alike.

As vertical construction nears completion, Una Residences is poised to deliver a bold architectural statement and elevated lifestyle experience to one of Miami’s most desirable neighborhoods.

The Rider Residences: Wynwood’s Retro-Modern Tower Makes Crypto Real Estate History

In a groundbreaking move for Miami’s real estate market, a cryptocurrency transaction was just facilitated for a unit at The Rider Residences — directly between digital wallets, bypassing traditional conversions to U.S. dollars or reliance on third-party platforms. This innovative transaction is signaling a shift toward more streamlined crypto-based real estate deals.

Set for completion in late 2026, The Rider Residences will bring a distinctive retro-modern vibe to Wynwood, one of Miami’s most dynamic neighborhoods. The development promises fully furnished residences with no rental restrictions, making it an attractive choice for investors and short-term rental enthusiasts alike. The building’s 1970s-inspired design embraces bold color palettes, textured fabrics, and glass balcony designs to create a nostalgic yet contemporary aesthetic.

Residences at The Rider will feature open layouts, gourmet kitchens outfitted with Bertazzoni appliances and Italkraft cabinetry, spa-style primary bathrooms, smart home systems, and floor-to-ceiling windows that flood interiors with natural light. Deforma Studio is leading the architectural design, while RADYCA is curating the eclectic interiors.

The Rider Residences will offer a wide range of floor plans, including studios, one-, two-, and three-bedroom layouts, priced from the $400,000s up to approximately $1.8 million.

A robust amenity package is planned across multiple floors, designed to enhance both relaxation and social engagement. Highlights include a lobby café, a rooftop resort-style pool deck with an on-site restaurant and hidden speakeasy, a hi-fi listening lounge, a pet spa, and a state-of-the-art fitness center outfitted with Peloton and Technogym equipment. Residents will also enjoy access to a wellness spa featuring cold plunge pools, IV therapy services, and an authentic Turkish Hammam. Unique to The Rider is the “Toybox” amenity — an in-house collection of Harley Davidsons, Vespas, and electric bikes available for resident use.

Additional services include 24-hour valet parking, EV charging stations, private garage access, and an array of high-end concierge services.

Another major advantage: The Rider Residences will sit just one block from Wynwood’s future high-speed rail station, part of South Florida’s expanding Brightline network. This strategic location will provide seamless, car-free access to Aventura, Fort Lauderdale, Boca Raton, West Palm Beach, and Orlando — further enhancing the building’s appeal for both local residents and investors seeking strong long-term value.

As Miami continues to lead the nation in innovation, lifestyle, and real estate growth, The Rider Residences stands as a bold new example of what the future of luxury urban living looks like.

Key Biscayne’s Next Icon: Boutique Condo by Terra and Fortune

In a landmark deal that signals a new era of upscale island living, Terra and Fortune International Group have announced their joint acquisition of the former Silver Sands Beach Resort property in Key Biscayne for $205 million. The two powerhouses of South Florida luxury real estate plan to transform the site—located at 301 Ocean Drive—into a 56-residence ultra-luxury boutique condominium. Poised to become the most climate-resilient property on the island, the project will embrace sustainable design and community-focused investments, with construction expected to begin in late 2026.

Key Biscayne, long celebrated for its safe streets, strong sense of community, and vibrant cultural identity, serves as an ideal setting for a development that blends luxury with responsibility. Designed by the award-winning Touzet Studio in collaboration with renowned landscape architect Raymond Jungles, the development draws inspiration from Key Biscayne’s architectural roots and the historic Stiltsville homes off Biscayne Bay. The tropical modern design will appear to float above a vibrant native landscape, rich with climate-appropriate plantings.

The property will also integrate forward-thinking environmental features, such as rain gardens, bioswales, and an underground cistern system—all designed to prevent water runoff and support stormwater retention. These elements ensure the property sets a new standard for climate-resilient design on the island.

The boutique condominium will offer just 56 spacious residences with sweeping views of the Atlantic Ocean. Residents will enjoy an amenity-rich lifestyle that includes a signature fine dining restaurant, two resort-style pools, a fitness center and spa, and thoughtfully curated social spaces that cater to both privacy and community.

Beyond luxury and sustainability, the development team is committed to enhancing local infrastructure. Planned investments include improvements to traffic flow, upgrades to the Village’s drainage systems, and financial contributions to Key Biscayne’s Land Acquisition Trust—funding enhancements to public parks and green spaces. The project is also expected to generate substantial economic benefits, including increased property tax revenues that will strengthen the Village’s long-term financial outlook.

Both Terra and Fortune bring extensive experience and prestige to the project. Terra’s portfolio includes acclaimed developments such as Five Park Miami Beach, Mr. C Residences Coconut Grove, and Villa Miami. Meanwhile, Fortune is known for iconic projects like Jade Signature, The Ritz-Carlton Residences Sunny Isles Beach, and ORA by Casa Tua.

As the island community of Key Biscayne continues to evolve, this new development promises to embody the very best of refined coastal living—where architectural elegance meets environmental stewardship and deep-rooted community values.

Adam Neumann’s Flow Secures $51M Loan for Major Development Site in Miami

Adam Neumann’s residential real estate venture, Flow House Miami, has taken a significant step forward in its South Florida expansion. The firm secured a $51 million loan from Ladder Capital to help finance the acquisition of a massive 16-acre site at 8500 Biscayne Boulevard, located in the quaint Miami village of El Portal.

The loan was issued to 8500 Biscayne Owner LLC, a Delaware-based entity linked to Flow, according to public records. Neumann’s company acquired the site for $70.5 million in a court-ordered sale conducted by Avison Young earlier this year.

Once the site of the Little Farm Trailer Park, this stretch of land is now positioned to become one of Miami’s most transformative new developments. Bordered by the Florida East Coast Railway and nestled along the Biscayne Boulevard corridor, the site lies just five miles north of Downtown Miami and close to Flow’s existing projects at Miami Worldcenter.

According to marketing materials from Avison Young, the property is among the last large-scale development sites remaining in the Miami area. It is zoned for a mix of uses, including:

• Residential

• Retail

• Office

• Hospitality

• Specialty real estate

The site has the potential to accommodate more than 2,000 multifamily units and nearly 3 million square feet of rentable space, making it one of the most ambitious projects in the pipeline for the region.

Flow is partnering with Canada Global, an Israeli real estate firm led by Assaf Tuchmair and Barak Rosen, to bring this mixed-use vision to life. The two firms previously teamed up to acquire the Aventura Corporate Center for $116 million last November, a deal also backed by Ladder Capital.

While Flow has not released formal plans for the Biscayne site, the acquisition marks a clear sign of Neumann’s ongoing commitment to building a new kind of community-focused housing model—one that blends residential living with flexible space, hospitality, and services.

The former WeWork CEO has steadily been planting roots across South Florida with projects including:

• Flow Miami at Miami Worldcenter

• Flow Fort Lauderdale

• Flow House, a condominium project in Downtown Miami

This latest move in El Portal hints at even larger ambitions, possibly paving the way for a flagship development that encapsulates Flow’s evolving brand vision

Coming Soon to Brickell: House Of Wellness – A Visionary 47-Story Tower

Brickell continues to evolve as one of Miami’s most dynamic and desirable neighborhoods—and the latest proposal is nothing short of transformative. A new 47-story tower called House Of Wellness has officially entered the pipeline, with an application now under review by the Federal Aviation Administration.

The FAA received the submission on April 7th, with plans detailing a structure that will rise 467 feet above ground (or 477 feet above sea level). Complementing this vertical masterpiece, a construction crane is projected to be installed by January 2026, reaching up to 530 feet above ground.

The project has already made notable progress in the planning stages. It was submitted to Miami-Dade planners for site plan and zoning reviews earlier this year, during February and March, indicating serious momentum behind the development.

Designed to merge luxury living with a wellness-focused lifestyle, House Of Wellness is set to offer:

• 832 residential units, ideal for both long-term residents and short-term stays

• 338 parking spaces, ensuring ample convenience for future occupants and visitors

The development is being spearheaded by North at Brickell VI LLC, a name that’s rapidly gaining recognition in Miami’s real estate landscape.

Brickell is no stranger to ambitious architecture and groundbreaking projects, but House Of Wellness stands out for its scale and concept. With wellness at its core, the tower aims to redefine urban living in one of Miami’s fastest-growing areas.

Whether you’re an investor seeking early opportunities in a landmark development or a buyer looking to be part of the next big thing in Brickell, this is one proposal to watch closely.

Stay tuned for more updates as House Of Wellness makes its way through the approval and development process—this is just the beginning.

Lionel Messi Invests in Cipriani Residences Miami’s Ultra-Luxury Living

Global soccer icon Lionel Messi is making moves off the field—this time in Miami’s luxury real estate scene. News broke this afternoon that the superstar has gone into contract on multiple residences at Cipriani Residences Miami, marking a high-profile milestone for the esteemed hospitality brand’s first-ever ground-up residential tower in the United States.

Among the acquisitions, sources confirm that Messi has secured a residence within The Canaletto Collection, an exclusive offering at the pinnacle of the 80-story tower. This limited assemblage comprises just six penthouses and 68 ultra-luxury homes occupying the top 18 floors. The Canaletto Collection is renowned for its unmatched privacy, sweeping 360-degree views of the Miami skyline and Biscayne Bay, and access to premium privileges—including priority entry to the tower’s private Cipriani speakeasy. Current listings within this collection begin at $7.5 million.

Developed by Mast Capital and located at 1420 South Miami Avenue, Cipriani Residences Miami is rising in the heart of Brickell. The development features 397 impeccably designed one- to four-bedroom homes, with pricing starting at $1.7 million. Interiors have been masterfully curated by 1508 London, while architectural design is helmed by the acclaimed firm Arquitectonica.

Setting new standards for luxury living, the tower’s amenity suite includes resident-only Cipriani dining experiences—from in-home catering to a private restaurant and the aforementioned speakeasy. A resort-style amenity deck with dual swimming pools, a serene spa complete with sauna and treatment rooms, and personalized concierge services further elevate the experience.

Notably, Cipriani Residences Miami made headlines last year with the largest foundation mat pour in Brickell’s history, backed by a substantial $600 million construction loan from Banco Inbursa and Ascendant Capital Partners.

As Messi adds Cipriani Residences to his growing Miami real estate portfolio, it’s clear this tower is becoming a magnet for global elite. Stay tuned as this landmark development continues to shape the skyline—and redefine ultra-luxury living in South Florida.

Miami Approves $3B Little River District: Largest Affordable Housing Development in County History

In a landmark move for Miami’s urban evolution, the Miami-Dade County Commission has officially approved the Little River District, a groundbreaking $3 billion development poised to reshape the fabric of the Little River and Little Haiti neighborhoods. Spearheaded by SG Holdings — a partnership between Swerdlow Group, SJM Partners, and Alben Duffie — the transformative 63-acre master plan will become the largest affordable housing initiative in Miami-Dade County history.

At the heart of this ambitious project are over 5,700 housing units, with a strong emphasis on affordability and accessibility. The plan includes:

• 2,284 affordable rental units (targeting 60% Area Median Income),

• 1,398 workforce rental units (up to 120% AMI),

• 2,048 workforce condominium units (eligible for subsidy at up to 140% AMI).

Crucially, the development guarantees current public housing residents the right to return to newly built homes within the district — without rent increases — ensuring existing communities aren’t displaced but rather uplifted.

A Vision for Equitable Urban Growth

The Little River District isn’t just about housing. It’s a mixed-use, transit-oriented community that will blend residential, retail, green space, and mobility infrastructure to support long-term economic and social growth.

Key highlights include:

• 370,000+ square feet of retail space, with tenants like Home Depot and BJ’s already signed on.

• A major supermarket, gas station, food and beverage offerings, and essential neighborhood services.

• 250,000 square feet of green, open space including parks, shaded walking paths, and bike lanes.

• A new Tri-Rail train station, backed by a $35 million private investment to boost connectivity and reduce congestion.

Designed by globally renowned firm Arquitectonica, the project embraces sustainable, pedestrian-friendly design and thoughtful urban planning.

Historic Public-Private Collaboration

The project reflects a strong collaboration between private and public sectors, including:

• Miami-Dade County’s Department of Housing and Community Development (HCD)

• U.S. Department of Housing and Urban Development (HUD)

• City of Miami, with support from Mayor Daniella Levine Cava, County Commissioner Keon Hardemon, and City Commission Chairwoman Christine King.

“This approval is a major milestone in addressing Miami’s critical need for affordable and workforce housing,” said Michael Swerdlow, Founder and CEO of Swerdlow Group. “The Little River District will deliver a community that prioritizes quality housing, public transit, and local economic opportunity.”

Community Amenities and Long-Term Impact

Future residents of the Little River District can expect thoughtfully designed homes featuring:

• In-unit washers and dryers, granite countertops, dishwashers, and central air.

• Complimentary high-speed internet for three years.

• Onsite management, security systems, fitness centers, swimming pools, computer labs, and dedicated recreation areas.

Beyond the residences, the project promises robust economic benefits:

• 3,840+ construction jobs and 518 permanent jobs.

• Local hiring preferences, especially for low-income and public housing residents.

• $9.5 billion in potential County revenue, the largest revenue-sharing agreement of its kind in Miami-Dade’s history.

Construction of the Little River District is slated to begin in 2026, with full buildout projected over an eight-year timeline. Once complete, this community-driven development will stand as a national model for inclusive urban revitalization, proving that equitable housing, thoughtful design, and economic development can go hand in hand.

District 225 Approaches Completion, Bringing Sleek Modern Living to Downtown Miami

Located at 225 North Miami Avenue, the 37-story residential tower is approaching its final phases of construction ahead of its anticipated delivery later this year. Designed by Sieger Suarez Architects with interiors by Meshberg Group, the project is being developed by Related Group in partnership with ROVR Development and BH Group, with Craft Construction Company LLC serving as the general contractor.

Rising 394 feet, District 225 introduces a modern, curvilinear profile to the downtown core. Its structure—formed from reinforced concrete—is wrapped in white stucco and highlighted by horizontal bands of dark-tinted glazing with black framing. The design features wide, gently rounded elevations facing east and west, and sleek, flat façades on the north and south. The absence of balconies enhances its clean silhouette, allowing the building’s curved form and striped window bands to take center stage.

Recent site photos show major progress, including the removal of the construction hoist and ongoing detailing at the crown. The partially recessed rooftop level, designed to host an amenity-filled terrace with a landscaped pool deck and turf zones, is now visible from surrounding vantage points. As the cladding nears completion, the tower’s sleek lines and contrasting materials have fully come into view.

At ground level, work continues on the exterior finishes of the retail spaces and residential lobby. Construction fencing and scaffolding are still in place as crews focus on cladding installation and architectural detailing. Exposed openings in the façade hint at where future glazing systems and storefront installations will be integrated, signaling a vibrant pedestrian experience to come.

Once completed, District 225 will deliver 343 fully furnished studio, one-bedroom, and two-bedroom residences. Designed with flexibility in mind, all units support short-term rental use, offering turnkey solutions for both end-users and investors. Homes are outfitted with smart home technology, contemporary finishes, and curated furnishings for a modern, comfortable lifestyle.

Residents will enjoy a wide array of thoughtfully curated amenities, including:

• A rooftop pool deck with panoramic views of the Miami skyline

• A state-of-the-art fitness center

• An indoor basketball court and rock-climbing wall

• A full-floor co-working lounge

• Concierge services, smart access systems, and private storage

These offerings cater to the evolving needs of today’s urban dwellers, blending convenience, luxury, and flexibility in one vibrant downtown address.

Strategically located between NE 2nd and NE 3rd Streets, District 225 places residents within walking distance of MiamiCentral, the Metromover, and an expanding selection of retail, dining, and cultural landmarks. Its central location and flexible ownership model make it an appealing choice for both full-time residents and investors seeking entry into Miami’s dynamic short-term rental market.

As construction wraps up, District 225 is poised to become a standout destination in Downtown Miami’s ever-evolving landscape.

Construction Update for 2900 Terrace Edgewater

Progress continues at the future site of 2900 Terrace in Edgewater, where a dewatering application was officially filed yesterday—marking another step forward for one of the neighborhood’s most highly anticipated developments.

Planned as a 38-story luxury rental tower, 2900 Terrace is being developed by Oak Row Equities and LNDMRK Development. The project will bring 324 oversized apartment residences to the area, with layouts designed to prioritize space and functionality. Expect large walk-in closets, expansive great rooms, and for most units, the addition of a study or den—ideal for today’s work-from-home or hybrid lifestyles.

Beyond residential offerings, the project will also incorporate 8,000 square feet of full-service restaurant space, 8,000 square feet of retail, and over 500 parking spaces, adding to the vibrancy and convenience of the Edgewater corridor.

A number of permits are currently under review with the City of Miami’s Building Department, including applications for site work, tree removal, and a master construction permit.

As the site begins to prepare for vertical development, 2900 Terrace is poised to add another striking silhouette to the Edgewater skyline—bringing with it a thoughtfully designed mix of upscale residences and curated retail.