Prosper Group & Versluys Group Announce $650M Joint Venture Project in Brickell Along the Miami River

Credit: Prosper Group

Miami-based Prosper Group has just announced a bold new joint venture with Belgian luxury developer Versluys Group to develop a $650 million ultra-luxury waterfront residential tower along the Miami River in Brickell. The project marks Versluys’ official entry into the U.S. market and underscores the continued global demand for high-end Miami real estate.

The development will span three adjacent prime parcels at 99 SW 7th Street, 66 SW 6th Street, and 625 SW 1st Avenue — already acquired earlier this year by Prosper Group. The tower is planned to be a 60-story landmark featuring 158 residences and more than 300 feet of direct Miami River frontage, with delivery anticipated in 2028.

Why This Deal Matters

Global developers are betting on Miami: By partnering with a century-old European luxury brand, Prosper Group is signaling that Miami remains a top-tier global market for luxury residential product. Versluys’ history—founded in 1908 and known for high-end coastal developments in Belgium and the Netherlands—brings European craftsmanship and design elegance to the table.

Riverfront living meets urban convenience: The site’s location on the Miami River offers a unique blend of walkability, waterfront lifestyle and connectivity. Residents will benefit from direct river frontage (and implied boating/yachting access to Biscayne Bay), proximity to Brickell City Centre’s retail, dining and entertainment, and easy access to I-95, Miami International Airport, and the Brightline rail service.

Differentiation in a competitive luxury market: Many high-end Miami projects focus on the bayside or beachfront; this one stands out by embracing the river corridor, offering a somewhat unique vantage in the dense Brickell core. With only 158 units and direct frontage, the “low-density luxury tower” model may attract deep-pocketed buyers seeking lifestyle, exclusivity and design pedigree.

Project Details to Watch

• 158 residences in a single 60-story tower – emphasizing exclusivity.
• 300+ feet of river frontage, allowing expansive waterfront views and potential for water-amenities.
• The design ethos: Merge European tradition (Versluys) with Miami dynamics (Prosper). Versluys’ CEO Bart Versluys emphasizes “uncompromising quality standards, unmatched attention to detail … values that align seamlessly with Prosper Group.”
• Delivery slated for 2028, offering a multi-year window for pre-construction marketing, sales, and value ramp.
• Placement in the Brickell Financial District along the Miami River positions it to appeal not just to local buyers but international investors looking for prestige and liquidity.

Strategic Implications for Miami Real Estate

1. Riverfront resurgence – This confirms the Miami River corridor is being elevated as a serious luxury residential destination, not just the beach or bayfront.
2. Investor confidence – Even with high interest rates and construction cost pressures, the fact that such a project can be announced indicates confidence in Miami’s long-term luxury demand.
3. Brand entry/expansion – Brand entry/expansion – European luxury developers are entering Miami, which could intensify competition and raise the standard for interior finishes, amenities, and overall branding in the luxury condo sector.
4. Marketing leverage – For brokers and developers, this becomes a landmark “halo” project: seldom-seen unit count (158), prime location, heavyweight global partner. That can shape comparables and pricing expectations.

Booming Development Along the Miami River

This latest venture ties into the broader wave of new development taking shape along the Miami River. Earlier this month, we reported that Newgard Group and Two Roads Development secured $513 million in construction financing for their twin-tower project, One Brickell Riverfront — one of the largest residential construction loans in South Florida this year.

That project features two towers rising 44 and 46 stories from a shared podium and is already more than halfway complete. The announcement of the new Prosper–Versluys tower builds on that momentum and further establishes the Miami River as one of the city’s next great frontiers for luxury residential development.

Why This Matters for Buyers, Investors & Industry Stakeholders

• For buyers: If you’re in the market for a luxury Miami condo, this project offers something rare: a smaller unit count, major brand partner, river-front frontage and a delivery timeline that allows time to plan.
• For investors: The entry of a European luxury developer alongside an established local player could signal a premium pricing tier, potentially influencing resale values in Brickell’s waterfront market.
• For industry professionals: Brokers, architects, lenders and contractors should take note — the market is still clearing large deals, meaning late-cycle luxury product in Miami continues to have legs.
• For neighborhood evolution: Brickell’s identity is shifting — from high-rise condos above the shops, to fully integrated waterfront living with yachting access, riverwalk connectivity and mixed-use activations along the river.

Conclusion

This announcement from Prosper Group and Versluys Group is more than just another condo tower—it’s a strategic statement that the Miami River corridor is now firmly in play for ultra-luxury residential development. With a high-profile international partner, a prime waterfront site in Brickell, and a relatively low number of units, this project may become a benchmark for what luxury living looks like in Miami’s evolving skyline.