Berkadia Secures $73M Construction Loan for Nexo Residences in North Miami Beach

In a significant milestone for one of North Miami Beach’s most exciting developments, Berkadia has successfully secured a $73.27 million construction loan on behalf of Fortune International Group and Blue Road for the completion of Nexo Residences, a 16-story short-term rental-friendly condominium.

The financing, arranged by Berkadia’s South Florida team — including Managing Director Scott Wadler, Director Michael Basinski, Vice President Bobby Dockerty, Senior Managing Director Mitch Sinberg, and Managing Directors Brad Williamson and Matt Robbins — was provided by Bank Hapoalim (BHI). The loan follows Nexo’s recent construction topping off, which had previously been funded by a combination of EB-5 investor capital and presale deposits.

With 90% of units sold and completion on track for 2027, Nexo Residences is quickly emerging as a standout project in a fast-transforming corridor next to SoLé Mia and minutes from Aventura.

“Fortune International and its partner Blue Road are delivering an exceptional building in a rapidly transforming area adjacent to Aventura and next to SoLé Mia,” said Scott Wadler. “A trifecta of experienced Sponsorship, high-quality product, and great location generated significant interest from lenders.”

The tower — designed for modern global buyers — allows for short-term rentals, an increasingly in-demand feature. The fully furnished residences range from studios to three-bedroom units, with prices starting from the $599,000s, and include a limited selection of three- and four-bedroom townhomes.

Notable architecture and design collaborators include Carlos Ott, Frankel Benayoun Architects Inc., and Urban Robot. Residences offer floor-to-ceiling windows, Italian cabinetry, porcelain flooring, custom closets, lockable owner storage, and dedicated parking for each unit.

Nexo also raises the bar on lifestyle with standout amenities, including:

• A three-story lobby and café lounge

• Two-story coworking and tech hub

• Resort-style pool with Jacuzzi

• Rooftop observatory deck

• Summer kitchens and outdoor movie theater

• Yoga studio, clubroom, event space, and playground

Located at 13899 Biscayne Boulevard, Nexo Residences is just minutes from the Intracoastal Waterway, Oleta River State Park, Florida International University, Bal Harbour, Sunny Isles, and Hollywood Beach. The property’s accessibility is bolstered by its proximity to Miami and Fort Lauderdale International Airports and the Brightline Aventura station.

“The lifestyle offered at Nexo — combining elevated design, robust amenities, and rental flexibility — has driven strong sales momentum with buyers from over 25 countries,” said Edgardo Defortuna, CEO of Fortune International Group. “Securing this financing reaffirms the market’s confidence in both the product and the North Miami Beach submarket.”

With sales and marketing exclusively managed by Fortune Development Sales, Nexo Residences continues to attract a global audience eager for turnkey living and investment-ready opportunities in one of South Florida’s fastest-growing neighborhoods.

Aria Reserve’s First Tower Now Complete, Setting the Stage for Miami’s Iconic Waterfront Twin Towers

The Melo Group has officially completed the first of two soaring towers at Aria Reserve, marking a significant milestone for what is set to become the tallest waterfront residential twin-tower development in the United States. Located in Miami’s coveted Edgewater neighborhood, the newly finished 62-story South Tower is now ready for occupancy, just two years after breaking ground in May 2022.

The swift delivery underscores the development team’s ambition and efficiency. “We’re moving rapidly toward the completion of the North Tower,” said Martin Melo, Co-Principal at The Melo Group, noting the first tower was delivered in record time. The foundation pour for the South Tower was completed in February 2023, and now construction focus has shifted to the second 62-story tower, which is quickly rising on site.

Once completed, Aria Reserve will be home to approximately 743 luxury condominiums, offering residents panoramic views of Biscayne Bay, world-class amenities, and a prime location minutes from Downtown Miami and the Design District. Adding to the project’s lifestyle appeal is The Flatiron, a two-story waterfront restaurant that will welcome both residents and the public.

In parallel with the progress on the North Tower, Melo Group recently submitted plans to Miami’s Urban Development Review Board for a third building known as Aria Reserve Skyclub. This new 49-story tower will further expand the project’s footprint and enhance its architectural presence along the city’s bayfront skyline.

As Miami continues to redefine modern waterfront living, Aria Reserve is setting a new standard—combining record-setting scale with luxury, location, and visionary design.

Continuum Company Introduces Expansive Waterfront Vision for North Bay Village

Continuum Company has unveiled a sweeping new plan for North Bay Village with the introduction of the Continuum Waterfront District—a transformative, mixed-use development designed to redefine the area’s bayfront identity. Spanning over three acres along Biscayne Bay, the two-phase master-planned district was unanimously approved by the Commission and marks a major step toward realizing North Bay Village’s potential as a premier waterfront destination.

At the heart of the project is Continuum Club & Residences, now under construction and nearly 50% sold. This first phase includes over 60,000 square feet of amenities, from a resort-style waterfront pool and wellness center to a private marina and exclusive memberships for yacht clubs, beach clubs, and the elite dining platform, Dorsia. A historic deck will also be restored at the water’s edge, offering a blend of Miami heritage and elevated lifestyle.

The broader Continuum Waterfront District will include:

• Two Continuum Club residential towers

• A Continuum-branded boutique hotel with rooftop pool and lifestyle programming

• Renovated marina and new bayfront boardwalk

• Upscale restaurants, bars, and curated retail storefronts

• Outdoor wellness and green spaces designed for connectivity and walkability

“The Continuum Waterfront District is designed to bring new life to North Bay Village and elevate the experience of waterfront living,” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “We’re grateful for the support of the Commission and are proud to collaborate on a shared vision that aligns with the NBV100 Master Plan.”

Allie Eichner, President of Continuum Florida, emphasized the development’s long-term impact: “This is more than just a real estate project—it’s a rare opportunity to create a connected, livable community that embraces Miami’s bayfront lifestyle and natural beauty.”

Building on the success of Continuum South Beach, the new district reflects Continuum’s continued commitment to thoughtful design, neighborhood revitalization, and creating destination-worthy environments that combine luxury living with civic-minded planning.

South Tower of The Residences at Mandarin Oriental, Miami 50% Sold as Sales Exceed $1 Billion

The Residences at Mandarin Oriental, Miami has officially crossed the $1 billion sales mark, a major benchmark for the high-profile waterfront development by Swire Properties. With the South Tower now 50% sold since launching just last year, the project continues to attract global buyers seeking unmatched luxury on Miami’s exclusive Brickell Key.

Designed by world-renowned architecture firm Kohn Pedersen Fox (KPF), the two-tower development is the final residential offering on Brickell Key. The South Tower includes 228 private homes with interiors by Paris-based designer Tristan Auer. The North Tower will house the new Mandarin Oriental, Miami hotel — set to become the brand’s North American flagship — along with 66 additional residences and 28 hotel-branded units, expected to launch later this year.

A key highlight of the project is its 100,000 square feet of curated amenities, set within a lush, multi-level resort-style podium crafted by acclaimed landscape architecture firm Shma. Residents will enjoy the signature hospitality Mandarin Oriental is known for, elevated by a prime location and visionary design. Delivery is anticipated in 2030.

Project Snapshot:

• $1B+ in total sales achieved

• South Tower 50% sold

• Interiors by Tristan Auer

• Future Mandarin Oriental hotel + residences in the North Tower

• Over 100,000 sq ft of resort-inspired amenities

• Landscape design by Shma

• Brickell Key’s final development opportunity

• Pricing from $4.9M

• Completion expected in 2030

This one-of-a-kind development brings together artful architecture, global hospitality, and a once-in-a-lifetime location — offering a limited chance to own a home within one of Miami’s most distinguished addresses.

The Ritz-Carlton Key Biscayne, Miami Unveils $100M Transformation Ahead of 2025 Reopening

Set on 17 acres along the serene barrier island of Key Biscayne, the iconic Ritz-Carlton Key Biscayne resort is undergoing a sweeping $100 million transformation—its first comprehensive renovation in nearly 25 years. The resort is scheduled to reopen in December 2025, reintroducing itself as a reimagined haven of coastal luxury that blends natural beauty with refined design.

Originally co-developed by hospitality investment firm Gencom, the 13-story, 420-room resort has long stood as a symbol of Miami’s sophisticated hospitality scene. With 600 feet of pristine beach frontage and a commanding presence at 455 Grand Bay Drive, it has served as both a peaceful escape and a world-class destination for global travelers.

This transformative renovation is being led by an acclaimed design team, including architectural firm Hart Howerton, with interiors for public spaces curated by DesignAgency and guestrooms reimagined by Chapi Chapo Design. Together, they are crafting a design narrative that celebrates the property’s island roots while elevating its sense of luxury and modernity. The refreshed resort will feature serene palettes, lush landscaping, and organic textures inspired by the surrounding ocean, sand, and native foliage.

A revitalized arrival experience will greet guests with a new East-facing glass façade that blurs the boundary between indoor and outdoor, ushering in natural light and unobstructed views of the Atlantic. Inside, the lobby and communal areas will reflect tropical sophistication, creating a seamless transition from the vibrant Miami culture to the tranquility of Key Biscayne.

Notably, The Spa at The Ritz-Carlton Key Biscayne, Miami will undergo a full redesign, emerging as a sanctuary inspired by the island’s mangroves, limestone, and coastal elements. This holistic wellness space will embody the serenity of its surroundings while offering elevated spa and wellness experiences.

Culinary innovation is also at the heart of the resort’s evolution. A new signature restaurant will debut, featuring bold flavors and locally sourced ingredients. Meanwhile, the resort’s six beloved dining venues—RUMBAR, Cantina Beach, Dune, Scoop, Stefano’s, and Key Pantry—will be thoughtfully refreshed, preserving their character while aligning with the resort’s refined new identity.

Enhancements will also reach every aspect of the guest experience, from upgraded swimming pools and a revitalized Club Lounge to improvements at the world-renowned Cliff Drysdale Tennis Center—the largest tennis facility among any Ritz-Carlton resort. Business and event travelers will continue to enjoy access to the resort’s 37,000 square feet of flexible meeting and event space, now set to offer an even more elevated and inspiring environment.

Karim Alibhai, Founder and Principal of Gencom, emphasized the project’s significance: “With this transformative renovation, we are honoring the property’s legacy and doubling down on our 25-year commitment to the Key Biscayne community. These enhancements will allow the property to remain competitive in the region’s increasingly sophisticated hospitality landscape, while further elevating Key Biscayne as a premier destination.”

Alessandro Colantonio, Executive Vice President and Chief Investment Officer at Gencom, added, “This investment reflects our long-term vision and dedication to redefining the luxury hospitality experience in Miami.”

As a flagship property within Gencom’s expansive global portfolio—spanning nearly $8 billion in assets under management—the reinvention of The Ritz-Carlton Key Biscayne, Miami stands as a testament to the company’s commitment to excellence. It joins a prestigious lineup of renowned properties including The Ritz-Carlton Bachelor Gulch, The St. Regis Chicago, and Nekajui, a Ritz-Carlton Reserve.

The Perrin Secures $111M Construction Loan for New 26-Story Brickell Residential Tower

A major step forward has been made for Brickell’s next luxury multifamily project. A $111 million construction loan has been secured for The Perrin, a new 26-story Class A residential tower set to rise just blocks from Brickell City Centre. The financing, provided by Goldman Sachs, underscores strong confidence in the future of the Brickell residential market.

The Perrin will feature 310 luxury rental residences and is being developed by Empira, with Jaxi Builders onboard as the general contractor. The development’s design team includes Corwil Architects and renowned interior designers OTJ Architects, who together are crafting a sleek, modern living experience tailored for Miami’s urban lifestyle.

“We ran a highly competitive process that drew strong interest from a wide range of lenders,” noted Daniel Matz, Senior Managing Director at Newmark, who arranged the financing. The project is now slated to break ground in summer 2025, with completion expected in 2027.

The Perrin’s location near Brickell City Centre places it within one of Miami’s most dynamic and walkable neighborhoods, offering future residents access to shopping, dining, and business hubs within minutes. As Brickell continues to attract both residents and investors, The Perrin is poised to become a standout addition to the city’s growing skyline.

New High-Rise with 544 Units Planned for Prime Brickell Site

A new high-rise development is in the works for a prominent site in Brickell, as CF TSG Brickell, LLC has submitted a pre-application to Miami-Dade planners for a 43-story tower. The project is proposed on the former site of the Mexican Consulate, which relocated to Coral Gables in 2023.

According to the filing, the new tower will rise 434 feet and feature:

• 544 residential units, with 12.5% designated as workforce housing

• 9,445 square feet of ground-floor commercial space

• 421 parking spaces across four unlined garage levels

The ground floor is slated to include an administration and leasing office, as well as a residents-only grab-and-go market. Upper levels will offer an array of lifestyle amenities. Levels 6 and 7 will house a fitness center, spa, lounge, co-working area, and an expansive outdoor pool deck with an event lawn.

The architectural design is being led by internationally acclaimed firm Arquitectonica.

This proposal marks a scaled-down version of a previous plan. In 2020, a joint venture between The Continuum Company and TSG had unveiled intentions for a 70-story tower on the same site—plans that never came to fruition. Now, CF TSG Brickell, LLC looks to bring a more attainable yet still ambitious vision to life in one of Miami’s most sought-after neighborhoods.

With its blend of residential density, workforce housing, and modern amenities, the proposed tower reflects the continued evolution of Brickell as a dynamic urban hub.

Joule House Completes Construction and Welcomes Residents in Wynwood

Joule House, the newest addition to Miami’s vibrant Wynwood neighborhood, has officially completed construction and is now welcoming residents. Located at 2200 NW 1st Avenue, this eight-story, mixed-use multifamily development from Fisher Brothers brings 308 thoughtfully designed residential units to one of the city’s most dynamic urban districts. With its Temporary Certificate of Occupancy (TCO) secured, move-ins are underway, and leasing has launched in tandem with the building’s delivery. Bozzuto has been appointed as property manager, ensuring a high-quality living experience.

The development offers a variety of floor plans, including studios, one- and two-bedroom residences, and premium two- and three-bedroom penthouses. Ranging from 474 to 1,405 square feet, the units feature floor-to-ceiling windows, high ceilings, GE appliances, generous closets, and contemporary interiors designed by ID & Design International (IDDI). Joule House was envisioned to offer both style and functionality, with design details that reflect and elevate Wynwood’s creative character.

Joule House also delivers a robust amenity program, offering over 23,000 square feet of indoor and outdoor lifestyle spaces designed in collaboration with the Rockwell Group. Residents can enjoy a rooftop infinity pool with panoramic views, a jacuzzi, BBQ stations, and lounge areas. Additional offerings include a lush second-floor garden with an Airstream lounge, a state-of-the-art fitness studio with Peloton and Precor equipment, and a coworking lab complete with conference rooms and private offices. Social spaces include a game room, lounge, demonstration kitchen, and other entertainment-focused amenities.

A standout feature of the development is its integrated art program. In partnership with art platform WXLLSPACE, Joule House showcases 30,000 square feet of curated murals and installations by renowned artists including Nico, Dasic Fernandez, Mr. June, Remote, and Ahol Sniffs Glue. These works are incorporated throughout the property, from interior spaces to building facades and public areas, enhancing the resident and visitor experience.

The project also includes approximately 26,000 square feet of ground-floor retail and paseo space, designed to activate the streetscape and connect seamlessly with the neighborhood. Residents will find themselves within walking distance of local conveniences and a short drive to Miami’s Design District, Midtown, and Downtown areas.

With its forward-thinking design, rich amenity offerings, and immersive art experiences, Joule House is poised to become a flagship residential destination in Wynwood.

The Cloud One Hotel & Residences Announced in Wynwood

The Cloud One Hotel & Residences Wynwood is redefining luxury in Miami’s most creative and dynamic neighborhood with an exclusive offering of just 85 loft-style condominiums. This eight-story architectural landmark blends the energy of Wynwood with international design sensibilities. From sleek studios to expansive three-bedroom units—and a select collection of 15 bespoke duplex penthouses with soaring double-height ceilings—each residence captures the spirit of modern, inspired living. Prices range from $550,000 to $2 million, with a flexible 30-day minimum rental policy for up to six times per year.

Designed through a visionary partnership between HWKN, ODP Architecture, and March and White Design, The Cloud One is a celebration of artistry, sustainability, and hospitality. Residents enjoy a private entrance, exclusive elevators, and world-class amenities, including a rooftop pool deck with panoramic views, a wellness center with outdoor yoga, a co-working lounge with a coffee bar, and curated art installations by Goldman Global Arts. Residences are delivered fully finished with Miele appliances, imported SieMatic cabinetry, Juliet balconies, smart-home systems, and luxurious finishes that reflect both craftsmanship and comfort.

Situated at 2215 NW 1st Place, this development places you steps from Wynwood’s iconic murals, eclectic restaurants, and cultural experiences. With effortless access to Miami’s urban core and the beach, The Cloud One Hotel & Residences Wynwood invites you to live creatively, stay connected, and own a piece of the neighborhood that’s shaping the city’s future.