Nexo Residences Unveils Townhome Series

Nexo Residences Townhouse Aerial
Nexo Residences Townhouse Aerial

In the burgeoning North Miami Beach area, Nexo Residences emerges as a vanguard in the condo market, now offering an exclusive suite of seven townhomes, each embodying luxury, spaciousness, and the unique opportunity for short-term leasing. With prices commencing at $1.23 million, these turnkey residences combine the investment potential of a short-term rental with the privacy and scale of a personal home, thanks to the strategic partnership between Fortune International Group and Blue Road.

The townhomes are strategically nested within the building’s podium along Highland Drive, at 13899 Biscayne Boulevard, providing three and four-bedroom configurations that span 1,547 to 2,094 square feet. Ownership includes the flexibility of seasonal rentals for a minimum of three months, up to thrice annually, positioning these townhomes as a high-demand asset for hedge fund managers looking to diversify their portfolios with passive income streams through home sharing.

Edgardo Defortuna, Fortune International Group’s CEO, spotlights the scarcity of spacious three and four-bedroom condos in the current market, especially those offering seasonal rental flexibility. He emphasizes the added value of Nexo Residences’ townhomes that afford privacy akin to a standalone house paired with the convenience of upscale, on-site amenities.

Crafted by Frankel Benayoun Architects Inc with contributions from the esteemed Carlos Ott, and interior and landscape designs by the distinguished Urban Robot, the townhomes feature gated terraces with summer kitchens, soaring ceilings, and digital enhancements such as keyless entry systems for optimal security and ease.

Beyond the townhomes, Nexo Residences boasts 254 condominium units with varying rental terms, complemented by amenities that include a grand two-story lobby, a tech hub with coworking spaces, a fitness center with a yoga studio, and a luxury pool deck, all designed to meet the high standards of convenience and luxury sought by investors and tenants alike.

The location offers unrivaled access to Miami’s commercial and recreational hubs, with close proximity to two international airports and premier shopping and outdoor spaces, underscoring its appeal to families and seasonal visitors. Jorge Savloff of Blue Road highlights the townhomes’ potential, drawing attention to their unique offering in the short-term rental space, especially in a locality that has lacked such sophisticated rental products.

Fortune International Group and Blue Road Group Announces Nexo Residences in North Miami Beach

Nexo Residences Exterior

Nexo Residences Exterior

Nexo Residences, a 254-unit condo building with no short-term rental limitations in North Miami Beach, has been launched by Fortune International Group and Blue Road.

The proposed site is located at 13899 Biscayne Blvd., with Blue Road of Bay Harbor Islands and Fortune of Miami having a deal with Aventura-based Tomaja LLC for the 1.74-acre site. Currently on this site is a 36,661-square-foot office structure, built-in 1958, which would be removed.

Nexo Residences, according to the developers, will be the first condo in North Miami Beach to allow short-term rentals. Some investors choose short-term rentals as a method to supplement their revenue by offering properties on home-sharing services like Airbnb.

According to the President and CEO of Fortune, Edgardo Defortuna, “Nexo Residences will serve as the premier short-term rental offering in North Miami Beach, an area that has been underserved in the hotel and rental products; most projects of this kind concentrate in downtown Miami and Brickell.”

The Nexo’s 15-story units would vary from 525-square-foot studios to 2,190-square-foot townhouses pricing beginning in the $400,000s.

Nexo Residences Ground View

Residence Features:

  • Fully finished
  • Floor-to-ceiling windows
  • Porcelain flooring
  • Built-in bedroom closets
  • Dedicated lockable owners’ closets
  • Expansive balconies with glass railings
  • European style kitchens
  • Quartz counters
  • Matte black fixtures
  • Smart key access
  • Self-service package system

Amenities

  • Lounge
  • Tech hub with a café and coworking space
  • Playground
  • Clubroom
  • Fitness center with a yoga studio and virtual trainer
  • Rooftop observatory deck
  • Pool deck
  • 2 Spa pools with loungers
  • Private event area

Nexo Residences Pool Deck

The project will be designed by Frankel Benayoun Architects with landscapes and interiors by Urban Robot. According to the press release, Fortune International Group and Blue Road hope to break ground by the end of 2022.