Pagani Residences Debuts Record-Setting Penthouses and the Exclusive Pagani Utopia Miami Edition

Today, Miami witnessed the next evolution of branded luxury living with the official debut of Pagani Residences’ two crown jewel penthouses. Designed by renowned Italo-Argentine automaker Horacio Pagani, the world’s first Pagani-branded residential project continues to push the limits of artistry, innovation, and craftsmanship. Located at 7940 West Drive in North Bay Village, the newly unveiled duplex penthouses—priced at $30 million and $28.5 million—set record-breaking price points for the three-island city, further establishing the project’s position as a landmark in Miami’s ultra-luxury market.

A New Benchmark in Design and Architecture

Crowning the 28th and 29th floors, the two penthouses at Pagani Residences epitomize the project’s commitment to architectural beauty and automotive precision. Penthouse 01 spans 12,200 square feet—7,000 interior and 5,200 outdoor, with five bedrooms and six bathrooms—while Penthouse 02 offers 10,700 square feet—6,100 interior and 4,600 outdoor, with four bedrooms and five bathrooms. Each residence rises across two dramatic levels with soaring 13-foot ceilings, private elevator access, and expansive terraces framing panoramic views of Biscayne Bay and the Miami skyline.

Personally curated by Horacio Pagani and the Pagani Arte team, every finish and fixture within the penthouses reflects the brand’s signature fusion of performance engineering and sculptural design. Interiors feature light oak flooring arranged in Pagani’s chevron parquet pattern with intricate metal inlays, complemented by travertine stone on the second level. A swirling travertine staircase with oak and white lacquered metal details serves as a functional centerpiece, recalling the craftsmanship seen in Pagani’s legendary hypercars. The kitchens, created by Schiffini Magistretti and outfitted with penthouse-exclusive Gaggenau appliances, come in luxurious combinations of Carrara marble and Argento Veneziano aluminum or Portoro marble and Nero Lipari aluminum. Bathrooms continue the bespoke approach with honed travertine, Pagani’s 1000 line detailing, and Gessi Cesello fixtures.

“Pagani Residences represents the pinnacle of living and design, and the penthouses are its most exceptional expression,” said Mikael Hamaoui, founder and CEO of Riviera Horizons. “From bespoke materials to private pools, to the rarest of automotive works of art, these homes elevate luxury into legend.”

The Pagani Utopia Miami Edition

In a move that redefines branded living, each penthouse purchase includes the opportunity to acquire a “Miami Edition” Pagani Utopia Roadster—a hypercar personally designed by Horacio Pagani. Inspired by Miami’s endless sea and sky, the Utopia Miami Edition features a bespoke blue finish, merging high performance with coastal artistry. Beyond the vehicle itself, each penthouse buyer will be invited to Italy for an immersive experience that includes a private tour of the Horacio Pagani Museo, an Atelier visit, and a personal meeting with Horacio Pagani and the Pagani Arte team.

During the trip, owners will collaborate directly with Pagani’s craftsmen to personalize both their hypercar and their residence, ensuring a cohesive expression of art, engineering, and individuality. The development also offers the option to purchase a private garage suite within the tower—designed with the same obsessive attention to detail that defines Pagani’s automotive interiors—giving each Utopia Roadster a fitting home beneath its owner’s penthouse.

“At Pagani, every creation begins with a dialogue,” said Horacio Pagani, founder and CEO of Pagani Automobili. “Just as we design a hypercar hand-in-hand with its owner, Pagani Residences, in collaboration with Pagani Arte, invites each resident into the adventure of shaping their home. Whether it’s a penthouse or a one-bedroom, the true pleasure is in crafting something unique and personal, infused with the same spirit of artistry and joy that defines our cars.”

Lifestyle, Amenities, and Setting

The penthouses come with private access to Pagani Residences’ signature wellness and social amenities. These include a state-of-the-art fitness center, a waterfront spa and restorative lounge on the 29th floor, and a rooftop pool deck with cabanas and thermal plunges. Interiors throughout the tower are designed by Pagani Arte and A++, distinguished by penthouse-exclusive chandeliers and Pagani’s signature ellipses—an iconic design motif drawn from the automaker’s supercars. Residents enjoy white-glove services and seamless lifestyle management, allowing each home to operate as both a personal retreat and a showcase of craftsmanship.

Set within North Bay Village, a tranquil enclave positioned in the center of Biscayne Bay, Pagani Residences offers effortless access to Miami’s premier destinations—including Miami Beach, Bal Harbour, Fisher Island, and the Design District—along with proximity to both Miami International and private airports. With just 70 residences in total, including four Sky Residences and two penthouses, exclusivity remains the project’s defining principle. Residences are priced starting at $3.7 million.

The Future of Branded Luxury Living

Pagani Residences represents a bold step forward for branded developments, merging the artistry of automotive design with the architectural language of luxury real estate. The project’s record-setting penthouse pricing not only cements its place in North Bay Village history but also signals Miami’s continued rise as a global hub for design-driven living. By offering an integrated lifestyle that includes a hypercar, a handcrafted residence, and a direct relationship with one of the world’s most revered designers, Pagani Residences transcends traditional notions of homeownership.

As Mikael Hamaoui summarized, these homes “elevate luxury into legend.” And as Horacio Pagani described, each residence is “a canvas for imagination, collaboration, and signature style.” Together, they have redefined what it means to live— and drive—at the highest level of artistry.

Download the Official Pagani Residences Penthouse Brochure
Discover detailed renderings, floor plans, and the design story behind the world’s first Pagani-branded residential tower.

Download Brochure →

HQ Residences Miami Launches: A New Era of Branded Condo Living in Edgewater

Miami’s Edgewater neighborhood is set to welcome a bold new addition to its skyline with the launch of HQ Residences Miami. The project represents the first-ever residential development by the lifestyle brand behind HQ Hotels & Residences, led by hospitality visionary Sam Nazarian alongside entertainment icon Marc Anthony. Developed in partnership with Black Salmon, The Boschetti Group, and Constellation Group, the 35-story tower at 422 NE 29th Street introduces 229 branded condominium homes to one of Miami’s most dynamic districts.

Location & Unit Mix Tailored for Modern Urban Living

Situated at the crossroads of the Design District, Wynwood, and the burgeoning Midtown corridor, HQ Residences Miami will place residents within minutes of retail, dining, waterfront parks, and Miami International Airport. The residences range from one- to three-bedroom layouts spanning 721 to 2,074 square feet and culminate in eight exclusive penthouses. Pricing starts at approximately $850,000, with higher-floor and penthouse residences offering panoramic bay and skyline views. With this price point, HQ Residences Miami will fill a gap between the mid-tier and ultra-luxury condo towers in Edgewater.

Hospitality-Driven Design & Iconic Architecture

Externally, HQ Residences Miami features a sculptural diagrid façade that creates a distinctive addition to Edgewater’s skyline. Internally, the design marries warm materials, floor-to-ceiling glazing and expansive terraces framing Biscayne Bay and the Miami skyline. Interiors are curated by DesignAgency and Craft while the architecture is handled by the internationally-acclaimed firm Arquitectonica.

Elevated Amenities Built Around Lifestyle Pillars

The amenity offering at HQ Residences Miami spans 15,756 square feet across two floors and is anchored around four core pillars of contemporary living: Wellness, Entertainment, Community and Art.
On Level 34, a dedicated wellness floor designed in collaboration with THE WELL founder Kane Sarhan features contrast-therapy circuits, hammam, sauna, steam and plunge pools, a state-of-the-art fitness center, and an open-air training terrace. On the floor above, entertainment takes centre stage with a podcast studio, chef’s kitchen including TOMA Gourmet by Sofia Vergara and her son Manolo, and Jack’s NYC Coffee arriving in Miami for the first time. At night, “Marc’s” – a speakeasy curated by Marc Anthony – offers vinyl collections and skyline views, while the HQ Social Club connects residents to curated experiences city-wide.

Brand DNA Meets Residential Performance

While HQ Hotels & Residences has previously focused on hospitality, this Miami development marks its first residential tower. Through this branded-residence model, the building infuses hotel-style services and lifestyle programming into a full condominium offering. Nazarian explains that living spaces are designed to foster connectivity, creativity and belonging—core traits of the brand’s DNA.

Bringing Hospitality Home

As HQ Residences Miami begins sales, anticipation continues to build around the brand’s first-ever residential tower. The project represents a pivotal step in the evolution of Edgewater, bringing hospitality-level experiences and curated lifestyle programming into a full-ownership setting. By merging design, wellness, and community under one roof, the development introduces a new benchmark for branded living in Miami.

Whether you’re seeking a home that blends five-star amenities with the privacy of condominium ownership—or a design-forward residence in one of Miami’s fastest-growing neighborhoods—HQ Residences Miami is poised to redefine what it means to live in Edgewater.

Ytech Secures $565M Construction Loan for The Residences at 1428 Brickell

On November 3, 2025, JLL’s Capital Markets team announced the arrangement of approximately $565.35 million in construction financing for The Residences at 1428 Brickell, a 70-story ultra-luxury condominium tower being developed by Ytech in Miami’s Brickell Financial District. The floating-rate loan has a term of approximately 4.25 years and is provided by senior lender JPMorgan Chase and junior lender Sculptor Real Estate. This financing marks one of the largest construction loans closed for a condo development in South Florida in 2025, signaling strong institutional confidence in Ytech’s project and the Brickell luxury condo market more broadly.

Project Overview and Unique Features

The Residences at 1428 Brickell will comprise 195 luxury homes spanning two- to four-bedroom plus den configurations, with unit sizes ranging from approximately 1,800 to 8,900 square feet. Designed by renowned architecture firms ACPV Architects (led by Antonio Citterio) and Arquitectonica, the tower will feature an innovative “solar backbone” on its west façade that incorporates more than 500 photovoltaic-integrated glass panels (nearly 20,000 square feet) to partially power the building. Additionally, the development will offer roughly 80,000 square feet of resident-only amenities—such as resort-level pools, a two-story Owners Club, wellness facilities and a rooftop observatory—reinforcing the ultra-luxury positioning of the building. Groundbreaking took place in November 2024 and the largest mat foundation pour ever executed in Brickell was completed in September 2025. 1428 Brickell is slated for delivery in Q4 2028.

Sales Momentum and Market Implications

As of October 2025, the project had achieved approximately 57% presold status, demonstrating meaningful early demand despite a broader macro environment of rising costs and shifting condo market dynamics in South Florida. International buyers, particularly from Latin America and Europe, as well as domestic buyers from cities like New York, Chicago and San Francisco, are reportedly participating in the sales.

The successful financing underscores the market’s confidence in high-end condo developments in Brickell—especially those that offer differentiated features like sustainability integration, large-format units, and full-service amenities. The scale of the loan also suggests that lenders continue to deploy significant capital into luxury residential product even as some sectors of real estate face headwinds.

Why This Deal Matters for Miami Real Estate

• • Capital markets validation: A $565 million loan demonstrates that financial institutions are willing to back large-scale luxury condo projects in Miami, even amid rising interest rates and construction cost pressures.
  • Sustainability and innovation: The solar-integrated façade sets a new benchmark for ultra-luxury residential product by combining high-design with energy-producing glass—an attribute that may help differentiate in a competitive market.
  • Luxury product demand: The presale performance (57%+ sold) highlights strong buyer demand for larger, premium residences—averaging over 1,800 square feet—in Brickell, a neighborhood traditionally known for smaller, investor-oriented units.
  • Construction momentum: With the mat pour already completed and delivery scheduled for 2028, the project is now entering a phase of execution with secured financing, which often de-risks the proposition for buyers and lenders.

In summary, by securing a landmark financing package and progressing into construction, The Residences at 1428 Brickell is poised to become a standout entry in Miami’s ultra-luxury condo segment. For developers, lenders, buyers and market watchers alike, this deal reflects both the elevated expectations of luxury real estate today and the evolving standards for design, sustainability and amenities.

Ritz-Carlton Residences Planned for North Bay Village by Related Group and Macklowe Properties

The North Bay Village skyline is set to welcome a new luxury landmark. According to The Real Deal, Related Group and Macklowe Properties are partnering to develop a two-tower waterfront condominium project on Harbor Island that will carry the prestigious Ritz-Carlton brand. The development marks a significant step in the transformation of North Bay Village and represents Macklowe’s first major project in South Florida.

A Landmark Development on Harbor Island

Located at 8000 and 7946 East Drive, the site has been approved for two 43-story towers rising 500 feet, with plans calling for a total of 364 luxury residences. Designed by renowned Miami-based architecture firm Arquitectonica, the twin-tower project will combine elegant design, top-tier amenities, and Ritz-Carlton’s globally recognized standard of hospitality and service. The development will also feature approximately 800 parking spaces—nearly two per unit—providing an unusually high ratio for a luxury waterfront property.

Lifestyle Amenities and Waterfront Appeal

Beyond its impressive scale, the Ritz-Carlton Residences in North Bay Village will offer a lifestyle tailored to the city’s growing base of high-end buyers. Plans include a 42-slip private marina, allowing residents direct access to Biscayne Bay, as well as a 9,000-square-foot public park designed to enhance the pedestrian experience along the waterfront. Together, these features underscore the developers’ commitment to blending exclusivity with community access—an increasingly important factor in today’s urban luxury developments.

The Power of the Ritz-Carlton Brand

The Ritz-Carlton name continues to be one of the most powerful in luxury real estate, often commanding a premium in markets around the world. Miami is no exception, with existing Ritz-Carlton branded residences in Miami Beach and Coconut Grove setting a high bar for service, architecture, and resale value. The North Bay Village project builds on that legacy while introducing the brand to an emerging waterfront neighborhood positioned between Miami and Miami Beach. For both domestic and international buyers, the combination of the Ritz-Carlton name, waterfront location, and Related’s development pedigree makes this one of the most anticipated launches in Miami’s preconstruction pipeline.

Confidence in North Bay Village’s Transformation

Once a quiet island community, North Bay Village has been undergoing a gradual renaissance, attracting major developers eager to capitalize on its waterfront potential and proximity to key business and entertainment districts. The arrival of a Ritz-Carlton-branded project signals a new chapter for the area—one that aligns it with Miami’s most desirable neighborhoods. For Related Group, the project continues its expansion of branded luxury residences, while for Macklowe Properties, it represents a major entry point into the South Florida market.

What Comes Next

Details on pricing, floor plans, and delivery timelines have not yet been released, but the scale and brand positioning suggest that pricing will be competitive with other Ritz-Carlton-branded residences in Miami, where per-square-foot prices often exceed $1,500. Buyers can expect the full range of five-star amenities and services synonymous with the brand, from concierge and valet to spa, wellness, and waterfront leisure offerings. As the project moves forward, it will be one to watch—both for investors seeking premium branded residences and for those tracking North Bay Village’s emergence as Miami’s next luxury waterfront enclave.

Cartier Unveils Transformed Miami Flagship at the Design District

Cartier has officially reopened its Miami Design District flagship, unveiling a dramatic new façade and completely reimagined interiors that fuse luxury, art, and architecture. Located at 147 NE 39th Street, the two-story boutique has undergone a major expansion led by renowned architecture firm Diller Scofidio + Renfro, with interiors designed by Paris-based designer Laura Gonzalez. The result is a space that celebrates Cartier’s storied heritage while capturing the dynamic energy of Miami’s cultural and architectural scene.

From the street, the boutique’s new façade immediately commands attention. Diller Scofidio + Renfro created a sculptural, fluted glass exterior that ripples with movement and light, giving the building a distinctive architectural identity. Etched into the glass are motifs inspired by a 1909 Cartier brooch, connecting the design to the brand’s historic jewelry archive. The façade achieves a diaphanous, semi-transparent quality—offering glimpses into the boutique while maintaining a sense of mystery and elegance. This design not only blurs the line between interior and exterior but also reflects the architectural sophistication that has become synonymous with the Miami Design District.

Inside, the transformation continues through a series of richly layered spaces conceived by interior designer Laura Gonzalez. Her vision draws inspiration from Miami’s natural elements—its sunlight, flora, and coastline—infusing the boutique with warmth and vitality. The centerpiece of the interior is a sweeping spiral staircase reminiscent of a seashell, connecting each level with sculptural grace. Throughout the store, handcrafted details, custom furnishings, and textural finishes evoke a sense of craftsmanship aligned with Cartier’s design ethos. The use of light woods, tropical motifs, and locally inspired materials reinforces the connection between the Maison and its Miami surroundings.

The boutique unfolds as what Gonzalez describes as a “sensory journey,” with distinct atmospheres across each level. The ground floor is bright and lively, reflecting Miami’s coastal vibrancy, while the upper floors feature more intimate spaces, including VIP salons and a tranquil rooftop terrace. The terrace, adorned with lush greenery and custom tilework, serves as both a retreat and an event space—embodying the merging of luxury retail and lifestyle experience.

Beyond its architectural beauty, the reopening of Cartier’s Miami Design District flagship represents a significant moment for both the brand and the neighborhood. It underscores Miami’s growing role as a global destination for art, fashion, and design, solidifying the Design District’s reputation as one of the world’s premier luxury retail destinations. For Cartier, the project is a statement of its evolving retail philosophy—transforming traditional boutiques into immersive, experiential environments that tell a story and reflect their local context.

The redesigned Cartier flagship now offers an expanded selection of fine jewelry, timepieces, leather goods, and accessories, all presented within a setting that feels more like an art gallery than a retail store. By combining architectural innovation with local artistry, the new space exemplifies the Maison’s commitment to craftsmanship, creativity, and cultural connection. The reimagined façade and interiors invite visitors to experience Cartier not just as a luxury brand, but as part of Miami’s ever-evolving creative landscape.

Selva Miami Nightclub Set to Open November 15th in Brickell

Brickell’s nightlife scene is about to reach a new level of sophistication with the highly anticipated opening of Selva Miami, a jungle-inspired nightclub from the internationally acclaimed restaurant brand Amazónico. Following months of speculation and teasers, it has now been confirmed that Selva will officially open its doors on November 15, 2025, at 800 Brickell Avenue, directly above Amazónico Miami.

When news first broke in August, the only detail known was that Selva was expected to open sometime in the fall. With the date now set, excitement is quickly building around what promises to be one of the most talked-about nightlife debuts of the year. The concept, described as “the dark side of the jungle,” aims to bring an immersive, high-energy experience to Brickell—combining lush tropical interiors, global beats, and the refined flair that Amazónico has become known for worldwide.

Selva Miami will occupy the upper level of the Amazónico space, marking the first time the celebrated hospitality group has introduced a standalone nightclub under its brand umbrella. With successful restaurant locations in London, Madrid, Dubai, and Monte Carlo, Amazónico’s Miami outpost has already made a strong impression since opening in September. Now, Selva is set to extend that same energy into the late-night hours, offering a seamless transition from fine dining to full-scale nightlife in the heart of Brickell.

The arrival of Selva represents more than just another club opening—it signals a shift in Brickell’s identity as a round-the-clock destination. Long known for its skyline of luxury condominiums, fine dining, and financial institutions, the neighborhood has increasingly become a hub for social life and entertainment. Until now, however, few venues in Brickell have offered the kind of full-scale nightclub experience typically found in South Beach or Wynwood. Selva’s debut could mark a new era for Brickell, drawing a global crowd of tastemakers, professionals, and nightlife enthusiasts seeking a more elevated experience closer to home.

The design and atmosphere of Selva remain closely guarded secrets, but renderings and brand materials suggest a dramatic, rainforest-inspired aesthetic consistent with Amazónico’s signature jungle motif—only darker, sexier, and more theatrical. Guests can expect world-class DJs, live performers, bottle service, and an immersive environment blending art, sound, and design in true Amazónico fashion. The venue’s location above Amazónico’s three-level restaurant and lounge also suggests a natural synergy between the two experiences, allowing diners to transition effortlessly from dinner to dancing.

For Brickell residents and condo investors, openings like Selva enhance the neighborhood’s lifestyle appeal and reinforce its reputation as Miami’s most complete urban district. A marquee nightlife destination can have ripple effects on nearby real estate, hospitality, and tourism, further energizing the area’s already vibrant scene. The timing is also strategic—Miami’s hospitality market continues to attract global brands eager to establish a presence ahead of major upcoming events, including Art Basel and the 2026 FIFA World Cup.

As the countdown to November 15th begins, anticipation is mounting for what could become one of Miami’s most iconic nightlife experiences. Selva Miami is poised to be more than just a club—it’s a statement of how far Brickell has come as a global destination where luxury, lifestyle, and nightlife intersect.

Yamashiro Miami Opens October 29 at Gale Miami Hotel & Residences

The long-awaited opening of Yamashiro Miami is finally here. The legendary Los Angeles restaurant, renowned for its century-old history, Japanese-inspired architecture, and panoramic Hollywood Hills views, officially expands to South Florida with a new location opening Tuesday, October 29, 2025, inside the Gale Miami Hotel & Residences in Downtown Miami. This marks the first-ever expansion of the iconic Yamashiro brand outside California, bringing its unmistakable blend of history, design, and culinary excellence to the heart of Miami’s skyline.

A Legendary Brand Reinvented for Miami

Originally built in 1914, the original Yamashiro Hollywood became a cultural landmark and one of L.A.’s most photographed dining destinations, famous for its ornate pagoda design, koi ponds, and sweeping city views. Its Miami counterpart captures that same sense of magic while introducing a contemporary tropical flair. The new outpost sits atop the 9th floor of the Gale Miami Hotel, overlooking Biscayne Bay and the Downtown skyline. Expect an elegant mix of traditional Japanese aesthetics—bonsai gardens, wooden detailing, and stone lanterns—blended with modern Miami energy and bold architectural lines.

The concept was reimagined by Executive Chef Gustavo Montes and Chef Charbel Hayek, who together have created a menu that fuses Japanese culinary precision with the vibrant flavors and diversity of Miami. Their goal is to bring an “East-meets-Miami” dining experience unlike anything the city has seen before.

A Menu That Marries Japanese Craftsmanship and Miami Flavor

The Yamashiro Miami menu features both classic and inventive dishes that showcase the restaurant’s signature balance of artistry and indulgence. Standout offerings include Japanese Fried Chicken (JFC) tossed in spicy gochujang buffalo sauce, the Katsu Sando made with Japanese milk bread and tonkatsu aioli, and a showstopping Wagyu Tomahawk served with bone marrow teriyaki and house pickles. Seafood lovers can look forward to Maine Lobster in miso beurre blanc, Alaskan King Crab with yuzu hollandaise, and Chilean Seabass roasted in mandarin dashi with shiso flower.

Complementing the cuisine is a vibrant cocktail program that honors Japanese mixology traditions while embracing Miami’s tropical flair. Guests can expect drinks such as the Dragon Pearls, Fortune Teller, and Samurai Negroni, alongside refreshing non-alcoholic options like the Yamashiro Creamsicle with yuzu and vanilla foam. Each drink is designed to complement the restaurant’s visually stunning dishes and atmosphere.

Rooftop Views, Koi Ponds, and Nightlife Energy

Beyond the food, Yamashiro Miami delivers a fully immersive experience. The restaurant’s design pays homage to the original Hollywood landmark with its lush gardens, koi ponds, and tranquil water features, but with a distinctly Miami twist—think tropical greenery, artful lighting, and open-air terraces. The 9th-floor location offers sweeping views of Downtown Miami and Biscayne Bay, positioning Yamashiro among the city’s most striking new rooftop dining destinations.

The venue also promises to be a nightlife hotspot, with live instrumental music, DJ sets, and rotating cultural activations planned throughout the week. Together, these elements make Yamashiro Miami not just a restaurant, but a destination for both dining and entertainment.

Details, Reservations, and What to Expect

Yamashiro Miami officially opens its doors Wednesday, October 29, 2025, and will operate Wednesday through Sunday from 5 PM until late. The dress code is upscale casual or resort chic, in keeping with the venue’s sophisticated ambiance. Located at 159 NE 6th Street, 9th Floor, Miami, FL 33132, the restaurant offers valet parking through the Gale Hotel, along with nearby garage options.

Reservations are strongly encouraged, especially during the opening weeks, as excitement builds around what’s expected to be one of Miami’s most anticipated restaurant openings of 2025. Those seeking the best experience should request terrace seating or tables near the koi pond to enjoy the skyline and ambiance at their fullest.

A Milestone for Miami’s Dining Scene

With its rich Hollywood heritage and elevated Japanese-inspired design, Yamashiro Miami is poised to become one of Downtown Miami’s premier dining destinations. The combination of architectural beauty, culinary innovation, and panoramic rooftop views perfectly captures the spirit of modern Miami—luxurious, multicultural, and unforgettable.

Whether you’re planning a special dinner, entertaining clients, or simply eager to experience one of the most talked-about openings of the year, Yamashiro Miami delivers an experience where Japanese tradition meets Miami glamour. Reservations are now open — and if history is any indication, this will be one of the toughest tables in town to get.

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.

Miami-Dade Condo Sales Rise Year-Over-Year for the First Time in 17 Months

Miami-Dade County’s condo market showed encouraging signs of strength in September 2025, marking the first time in several months that existing condo sales have increased year-over-year. According to the latest report from the MIAMI Association of Realtors (MIAMI) and the Southeast Florida MLS (SEFMLS), existing condo transactions rose 2.4%, climbing from 883 sales in September 2024 to 904 this year.

The gains were broad-based across price points. Affordable condo sales, defined as transactions priced at $250,000 and below, jumped 30.3%, rising from 122 to 159 closed sales. Meanwhile, the luxury condo segment ($1 million and up) also saw double-digit growth, increasing 12.7% from 118 to 133 transactions. These figures helped push total condo dollar volume up 18.07% year-over-year, reaching approximately $676 million in September.

Condo pricing remained stable despite the increase in activity. The median sale price held steady at $420,000, reflecting a balanced market where both buyers and sellers are adjusting to current conditions. Inventory levels also expanded, rising 19.8% year-over-year from 10,532 active listings to 12,620. While that increase offers buyers more options, supply remains roughly 16.7% below 2019 levels, suggesting that overall inventory is still limited compared to pre-pandemic norms.

Homes continued to sell at a steady but deliberate pace. The median time to contract for condos was 75 days, and the median time to sale was 115 days, slightly longer than a year ago but typical for a market finding balance. Miami-Dade now has 14.2 months of supply of existing condos, up from 11.9 months a year earlier — solidly a buyer’s market by traditional standards, which generally define six months of supply as balanced.

Importantly, this is the first time in many months that Miami’s condo market has shown positive year-over-year growth, offering an optimistic signal that demand could be stabilizing after a quieter first half of the year. The rebound in both affordable and luxury segments highlights renewed confidence among local and out-of-state buyers alike.

Looking ahead, October’s results will be closely watched to see whether this marks the start of a sustained recovery. There’s also growing speculation that a new wave of migration from New York could further boost Miami’s condo demand. With the odds of socialist candidate Zohran Mamdani winning New York City’s mayoral race reportedly at 93%, many New Yorkers are said to be reconsidering their long-term plans. If even a fraction of those residents follow through on relocating, Miami’s condo market could continue to benefit from that ongoing demographic shift in the months to come.