Miami’s skyline is about to welcome a new icon: JEM Private Residences. The Naftali Group, renowned for its commitment to quality and innovation, has officially broken ground on this ambitious project, setting a record pace for South Florida’s real estate development scene.
Located at 1016 Northeast 2nd Avenue in the vibrant Miami Worldcenter, JEM Private Residences is more than just a condominium complex—it’s a testament to modern luxury living. Rising over 700 feet with 67 stories, this architectural marvel is set to reshape the city’s skyline. Designed by the acclaimed Miami-based firm Arquitectonica and the esteemed New York City-based Rockwell Group, every aspect of JEM Private Residences exudes elegance and sophistication.
With 259 condo units on the upper levels, 530 multi-family units on the lower levels, ground-floor commercial space, and ample parking, it offers a diverse range of living options. And with a swift transition from market entry to construction commencement in under five months, Naftali Group has demonstrated its unwavering dedication to bringing this vision to life.
The groundbreaking event on Wednesday, April 6, was a celebration of innovation and collaboration. Hosted by Naftali Group, the event was attended by key figures in the industry, including Peggy Olin, CEO of OneWorld Properties; Commissioner Christine King; and the visionary minds behind the project, including Miki Naftali, Chairman and CEO of Naftali Group, Bernardo Fort-Brescia of Arquitectonica, and David Rockwell of Rockwell Group. The ceremonial shovel dig marked the official start of construction, signaling the beginning of a new era for Miami’s real estate landscape.
“We are proud to reach this milestone in record time for Miami,” said Miki Naftali. “JEM Private Residences will redefine luxury living and become an integral part of Miami’s evolving landscape, offering residents an unparalleled lifestyle experience in an incredible location.”
But JEM Private Residences is more than just a building—it’s a work of art inspired by the ocean. The design, characterized by wraparound terraces and wood accents, seamlessly blends indoor and outdoor living, creating a welcoming environment that reflects the beauty of its surroundings. With landscape architecture by EDSA, the development promises to elevate the city’s ambiance, offering residents a retreat from the hustle and bustle of urban life.
Inside, meticulous attention to detail defines every space. From bespoke millwork cabinetry to Calacatta stone countertops, the interiors exude luxury at every turn. The lobby, adorned with custom-sculpted plaster walls and bronze accents, sets the tone for what lies beyond—a 50th-floor amenity suite that rivals the world’s finest resorts. With a Sky Lounge, outdoor pool, fitness center, spa suite, and more, residents will enjoy a lifestyle of unparalleled luxury and convenience.
As construction progresses, anticipation for JEM Private Residences continues to grow. With completion expected in 2027, this landmark development is poised to redefine Miami’s skyline and set a new standard for luxury living in the Magic City. From groundbreaking to completion, Naftali Group’s commitment to excellence ensures that JEM Private Residences will be nothing short of extraordinary.
Naftali Group’s Vision for the Miami Worldcenter Tower
The New York-based Naftali Group has unveiled its grand plans for a 67-story mixed-use skyscraper within the heart of the Miami Worldcenter. This ambitious project, set to rise over 700 feet, will be situated on a 1.02-acre plot at 1044 and 1016 Northeast 2nd Avenue.
Designed by the esteemed Miami-based Arquitectonica, with interiors crafted by New York City’s Rockwell Group, this tower promises to be a beacon of modern architecture. The building will encompass nearly 1.3 million square feet, housing 259 luxurious condominiums under the “JEM Private Residences” brand. These residences will range from cozy studios to expansive four-bedroom units, with sizes varying from 469 to 2,052 square feet. In addition to these, the tower will feature 550 rental apartments, 3,600 square feet of prime commercial space, and a parking garage for approximately 591 vehicles.
The tower’s design is a testament to modernist principles, with its rhythmic façade and horizontal bands creating a sense of fluidity. This design not only enhances the building’s aesthetic but also serves functional purposes, optimizing sunlight and ventilation. The tower’s glass facade, juxtaposed with other materials, strikes a balance between privacy and engagement with the surrounding urban landscape.
The interiors, conceptualized by Rockwell Group, exude precision and elegance. The kitchens, adorned with custom millwork cabinetry and Calacatta stone countertops, will feature top-of-the-line Miele appliances. The primary bathrooms will showcase custom medicine cabinets, honed Dolomite white countertops, and sleek fixtures, with some units boasting standalone soaking tubs. Condominiums will be priced starting at $540,000, occupying floors 43 and above, while rental apartments will be housed between floors 10 and 42.
JEM Private Residences promises an unparalleled amenity suite on the 50th floor, rivaling the offerings of luxury hotels. Residents can unwind in the Sky Lounge, take a dip in the 60-foot pool, or relax in cabanas and floating daybeds. Fitness enthusiasts will appreciate the state-of-the-art indoor gym and outdoor fitness areas, complete with a boxing arena and yoga patio. The spa suite, with its unique dry sauna, steam room, and tranquil pink Himalayan salt room, promises rejuvenation. Additional facilities include a game room, co-working spaces, and a spirits-tasting room.
This project underscores the Naftali Group’s commitment to redefining luxury real estate in South Florida. With over three decades of experience and successful developments in locales from New York City to Singapore, the group’s foray into Florida is eagerly anticipated. Their portfolio boasts over 3 million square feet of planned development, with iconic properties like “The Shephard” in the West Village and “The Benson” on Madison Avenue to their credit.
The tower’s strategic location, nestled between Northeast 10th and 11th Streets and adjacent to the Eleventh Street Metromover Station, places it in proximity to other notable developments. It’s set to break ground in the second quarter of 2024.
New-York Developer Proposes Two Super Tall Towers at Miami Worldcenter
New York-based developer, Naftali Group, recently announced their plans to build two residential buildings at the Miami Worldcenter. Naftali is entering the height of the Miami construction boom where the demand for residential units is so great, that they hope to relieve some of the market stress with this new development.
The proposed site located at 1016 Northeast Second Avenue expands over 44,500 square feet which will include retail, co-working space and residential units. The Naftali Group paid $40.5 million for the property after the seller, Akara Partner paid $18.8 million in July 2020. The deal has been in the works since last year.
Pre-sales for the two ‘supertall’ towers are planned to begin by the end of the year. Naftali has stated they they are not sure whether that the project will include condos, apartments, or both.
In a statement released by the developer, they have be actively looking at sites in Miami for the past 9 months and the owner believes the property is “a truly unique opportunity to develop in the downtown Miami urban core.”
Additional details about the development will be released in the next few months.
Naftali Group has also purchased an 8,227 square foot lot on Eleventh Street across from the Metromover Station. This lot will allow a project up to 1.3 million square feet. Naftali Group has a mixed portfolio including 37 residential project totaling $12 billion in value.
The Miami Worldcenter is designed around several projects which encompass residential towers, commercial properties, entertainment, and retail that spans 27 acres.
