Adam Neumann’s Flow Secures $51M Loan for Major Development Site in Miami

Adam Neumann’s residential real estate venture, Flow House Miami, has taken a significant step forward in its South Florida expansion. The firm secured a $51 million loan from Ladder Capital to help finance the acquisition of a massive 16-acre site at 8500 Biscayne Boulevard, located in the quaint Miami village of El Portal.

The loan was issued to 8500 Biscayne Owner LLC, a Delaware-based entity linked to Flow, according to public records. Neumann’s company acquired the site for $70.5 million in a court-ordered sale conducted by Avison Young earlier this year.

Once the site of the Little Farm Trailer Park, this stretch of land is now positioned to become one of Miami’s most transformative new developments. Bordered by the Florida East Coast Railway and nestled along the Biscayne Boulevard corridor, the site lies just five miles north of Downtown Miami and close to Flow’s existing projects at Miami Worldcenter.

According to marketing materials from Avison Young, the property is among the last large-scale development sites remaining in the Miami area. It is zoned for a mix of uses, including:

• Residential

• Retail

• Office

• Hospitality

• Specialty real estate

The site has the potential to accommodate more than 2,000 multifamily units and nearly 3 million square feet of rentable space, making it one of the most ambitious projects in the pipeline for the region.

Flow is partnering with Canada Global, an Israeli real estate firm led by Assaf Tuchmair and Barak Rosen, to bring this mixed-use vision to life. The two firms previously teamed up to acquire the Aventura Corporate Center for $116 million last November, a deal also backed by Ladder Capital.

While Flow has not released formal plans for the Biscayne site, the acquisition marks a clear sign of Neumann’s ongoing commitment to building a new kind of community-focused housing model—one that blends residential living with flexible space, hospitality, and services.

The former WeWork CEO has steadily been planting roots across South Florida with projects including:

• Flow Miami at Miami Worldcenter

• Flow Fort Lauderdale

• Flow House, a condominium project in Downtown Miami

This latest move in El Portal hints at even larger ambitions, possibly paving the way for a flagship development that encapsulates Flow’s evolving brand vision

Arbor Residences in Coconut Grove Reaches 50% Sales Milestone

Arbor Residences in Coconut Grove has now reached a significant milestone, with 50% of its units sold. Since launching sales early last year, Arbor has successfully secured over $33 million in transactions, with a noticeable increase in buyer activity since early 2025. This achievement highlights the growing demand for well-priced, newly built luxury residences in one of Miami’s most coveted neighborhoods.

Originally stalled due to financial challenges, Arbor was revitalized under the leadership of Isaac Kodsi, who acquired the project, refunded buyers’ deposits, and reintroduced it to the market. With an expected completion date in Q2 2025, Arbor Residences is the only new construction in Coconut Grove set to offer occupancy within the year.

Arbor Residences distinguishes itself with an intimate collection of 45 luxury residences, masterfully designed by the esteemed local architecture firm Behar & Font. The development embraces a concept of understated luxury, blending modern elegance with the natural beauty of its surroundings. Situated in this verdant, family-friendly, and highly walkable neighborhood, Arbor presents an exceptional value proposition, with residences starting at $1.2 million—a rare opportunity in Coconut Grove’s luxury market. Sales are being managed by Cervera Real Estate.

Drawing inspiration from the lush surroundings and towering oak trees that define Coconut Grove, Arbor Residences offers a variety of living options tailored to different household needs. The development features eight distinct floorplans, ranging from two-, three-, and four-bedroom homes to townhomes and penthouses. Designed by Behar & Font, these residences prioritize spaciousness and natural light, featuring expansive terraces and spa-like suites.

Key design elements include:

• Expansive ceilings ranging from 10 to 20 feet
• Floor-to-ceiling windows that maximize natural light
• Natural wood finishes and wide-plank porcelain wood-grain floors
• Spa-inspired master bathrooms with luxurious detailing
• Large walk-in closets
• Chef-style kitchens outfitted with Bosch appliances and custom oak cabinetry

Arbor Residences offers a curated selection of amenities designed to complement a modern, nature-connected lifestyle. Highlights include:

• Rooftop terrace with a bar and lounging spaces, perfect for entertaining
• Second-floor pool deck featuring a swimming pool and sunbathing areas
• State-of-the-art fitness center with high-end equipment
• 24-hour concierge service and valet for ultimate convenience

Located in the heart of Coconut Grove, Arbor Residences places residents within walking distance of some of the area’s best attractions, including the newly renovated Cocowalk, an open-air shopping destination. Residents will also enjoy proximity to top-tier cafes, restaurants, high-end boutique shops, entertainment spaces, renowned schools, and lush parks like Peacock Park.

With a seamless blend of contemporary design, nature-inspired aesthetics, and an unbeatable location, Arbor Residences continues to capture the interest of buyers seeking luxury living in Coconut Grove. As sales progress, this exclusive development stands as a testament to the enduring allure of Miami’s most charming and historic neighborhood.

Baccarat Residences Brickell Continues to Rise, Nears Skyline Dominance

A new photo reveals that the highly anticipated Baccarat Residences Brickell is continuing its ascent, solidifying its status as one of the tallest towers in Miami’s financial district. The 75-story luxury tower, which broke ground last year, is set to rise 848 feet above ground, making it the second-tallest building in Brickell—surpassed only by the 868-foot Panorama Tower.

In August, Baccarat Residences reached a major milestone with its foundation pour, setting the stage for vertical construction. Now, just months later, the tower’s progress is becoming increasingly visible on the skyline. Notably, glass installation has already begun at the riverfront residences, hinting at the sleek and sophisticated design that will define this ultra-luxury development.

The tower will feature an exclusive collection of 324 residences, 8 penthouses, and 28 riverfront flats and duplexes. With demand for high-end real estate in Miami remaining strong, Baccarat Residences has seen remarkable sales velocity, reaching 95% sold as of April 2024.

Baccarat Residences is not the only tower rising within this ambitious riverfront complex. The 45-story Viceroy Brickell, which topped off in January, is also visible in the latest construction photos. This 420-unit luxury condo-hotel will complement Baccarat’s offerings, providing additional high-end living and hospitality options in the heart of Brickell.

With completion planned for early 2028, Baccarat Residences will be a defining addition to Miami’s evolving skyline. Designed to deliver the ultimate in refined living, the tower will blend the timeless elegance of the Baccarat brand with modern architectural brilliance, promising residents an unparalleled lifestyle on the Miami River.

Miami’s Retail Market Heats Up with Record-Breaking Sale at The Rider Residences

Miami’s dynamic Midtown-Wynwood corridor continues to attract significant real estate investments, with developers Rilea Group and Ciprés closing on a $2.4 million retail space sale at The Rider Residences. The 1,704-square-foot space, located at 94 NE 29th Street, sold for $407 per square foot, making it the second-highest retail sale price per square foot in the area. This follows The Rider’s own record-breaking sale of a 702-square-foot space for $1.19 million at an astonishing $1,700 per square foot.

The transaction underscores the continued demand for commercial space in the rapidly expanding Midtown-Wynwood corridor. This surge is further bolstered by Amazon’s upcoming expansion into Wynwood, a move that is expected to drive even more business activity and foot traffic to the area. The Rider Residences, designed by Deforma Studio, is strategically positioned to benefit from this growth, offering connectivity to Miami’s transit network with a planned metro stop nearby and easy access to I-95.

The Rider Residences is a 12-story condominium featuring 146 fully furnished units ranging from studios to three-bedroom residences. Designed with style, functionality, and smart home technology in mind, the development provides a flexible ownership model with no rental restrictions, appealing to investors and residents alike. Situated within walking distance of Miami’s top restaurants, retail stores, and entertainment venues, The Rider Residences promises convenience and an urban lifestyle tailored for today’s buyers.

According to the Wynwood Business Improvement District, the neighborhood continues to attract major businesses and investment, drawing 15 million visitors annually. Once an industrial warehouse district, Wynwood has transformed into a thriving hub for art, dining, retail, and technology, making it a prime location for entrepreneurs and established corporations. With ongoing retail and office leases being signed, the district remains one of Miami’s most active and sought-after real estate markets.

The recent record-breaking sales at The Rider Residences reaffirm Wynwood’s position as a hotspot for both residential and commercial investments. As Miami’s urban landscape continues to evolve, developments like The Rider Residences are poised to redefine the city’s real estate scene, offering unparalleled opportunities for investors and residents alike.

Luxury Car Condos Launched by DuPont REGISTRY Group Partners and Fortune International

The world of luxury real estate and high-end automobiles is about to witness a groundbreaking fusion as DuPont REGISTRY Group teams up with Fortune International Group and Pininfarina to introduce an architectural masterpiece in Miami—DuPont REGISTRY Tower designed by Pininfarina.

DuPont REGISTRY Group, a leader in the luxury automotive ecosystem, has joined forces with Fortune International Group, renowned for developing over 30 remarkable buildings, and Pininfarina, the legendary Italian design house responsible for some of the most iconic automotive masterpieces. Together, they are redefining high-end real estate with a first-of-its-kind tower catering exclusively to elite car collectors.

Situated in Miami’s Magic City Innovation District, near the Miami Design District and Miami Beach, DuPont REGISTRY Tower will offer an exclusive membership-based experience for passionate car collectors. The invitation-only club will feature premier spaces for members to showcase their prized collections, conduct business in state-of-the-art private offices, and indulge in luxury amenities, including a fine dining restaurant and an upscale spa.

“At Fortune International Group, we are committed to creating exceptional real estate developments that redefine luxury living and innovation,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The duPont REGISTRY Tower is a perfect embodiment of this vision—an architectural masterpiece that seamlessly blends high-end automotive culture with world-class design and functionality.”

The tower will also house premium office spaces tailored to businesses within the luxury and automotive sectors, offering an unparalleled work environment that seamlessly integrates business with lifestyle.

“DuPont REGISTRY has always been at the forefront of automotive luxury, and this project represents the next evolution of our brand,” said Antoine Tessier, CEO of DuPont REGISTRY Group. “With Pininfarina’s world-renowned design expertise and Fortune International Group’s real estate leadership, we are creating a destination that embodies the fusion of art, engineering, and lifestyle.”

More than just a building, the DuPont REGISTRY Tower, with DB Lewis as the architect of record, is set to be a community—a place where the passion for automobiles meets avant-garde design and sophisticated living.

“At Pininfarina, we have always believed that great design is about more than aesthetics—it’s about emotion, innovation, and a seamless fusion of form and function,” said Paolo Trevisan, Vice President of Design at Pininfarina of America.

With its cutting-edge architecture, world-class amenities, and exclusive community, the DuPont REGISTRY Tower is poised to become the ultimate destination for luxury car collectors and connoisseurs. Miami is once again proving to be the epicenter of innovation, design, and unparalleled luxury experiences.

Mast Capital and Starwood Capital Group Secure $390 Million Construction Loan for The Perigon Miami Beach

In a monumental achievement for Miami Beach real estate, Mast Capital and Starwood Capital Group have successfully closed a $390 million construction loan for The Perigon Miami Beach. This milestone marks a critical step in the development of this ultra-luxury condominium, set to redefine refined beachfront living.

Construction for The Perigon Miami Beach began in April 2024, with completion anticipated in 2027. This iconic project is a collaboration between Miami-based real estate development group Mast Capital and a controlled affiliate of Starwood Capital Group, a globally renowned private investment firm led by Barry Sternlicht. General contractor Moss Construction is spearheading the project, ensuring the highest standards of craftsmanship and quality.

The Perigon is set to become a landmark of architectural excellence and sophistication, boasting world-class amenities, breathtaking design, and a prestigious beachfront location. With over 75% of residences already sold, it’s clear that this development has captured the market’s attention.

The $390 million construction loan is one of the largest secured in Miami Beach over the past year. Provided by Eldridge Real Estate Credit, a leading investor in real estate credit opportunities, the financing highlights the market confidence in The Perigon’s vision and appeal.

Designed by the internationally acclaimed architectural firm OMA, led by visionary architect Rem Koolhaas, The Perigon will be the first Miami Beach residential project from the firm. The striking diamond-shaped tower will feature 73 two- to four-bedroom residences ranging from 2,100 to 6,700 square feet, all offering sweeping beachfront views. Prices start at just over $10 million.

Renowned interior designer Tara Bernerd has meticulously crafted the residences with the finest finishes, including expansive 10-foot ceilings, 10- to 12-foot-deep wraparound balconies, and direct water views. Residents will also have access to eight private guest suites, adding an exclusive touch to their lifestyle.

The Perigon Miami Beach will offer approximately 40,000 square feet of thoughtfully curated indoor and outdoor amenities. Highlights include:

• A private oceanfront restaurant and speakeasy conceptualized by Michelin-starred chef Shaun Hergatt.
• An oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, and a private salon.
• A fully equipped fitness center with panoramic ocean views, a children’s playroom, and a screening room.
• Additional amenities such as a wine room, double-height lobby lounge, and a dedicated lifestyle concierge and residential butler service.

Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, and in-residence dining, ensuring an unmatched level of luxury and convenience.

Located at 5333 Collins Avenue in Miami Beach’s exclusive Mid-Beach neighborhood, The Perigon is nestled along a tranquil stretch of sand between Indian Creek and the Atlantic Ocean. With expansive beachfront acreage and an emphasis on privacy, this development offers a lifestyle experience that is both rare and highly coveted.

The Perigon Miami Beach represents the pinnacle of modern luxury living. With its world-class design, exclusive amenities, and breathtaking location, this development is poised to become a defining icon in Miami Beach real estate.

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New Residential Development to Brickell: The Perrin by Empira Group

Empira Group, a renowned real estate investment manager, has announced exciting new details about its upcoming residential development in Brickell, Miami. The 26-story tower, originally named Empire Brickell, will now be called The Perrin.

Set to break ground in early Q1 2025, this upscale development promises to elevate the Miami skyline with its sleek design and luxurious amenities. Upon completion in 2027, The Perrin will house 310 exclusive residences, ranging from efficient studios to expansive 3-bedroom units, catering to a variety of lifestyles.

Residents and guests will enjoy a host of high-end amenities designed to provide a resort-style experience. Among the standout features are:

• Rooftop Zen Garden and Tea Room: A serene space perfect for relaxation.
• Resort-style Pool with Cabanas and Grilling Stations: An ideal spot for unwinding or hosting gatherings.
• Fitness Center with Dedicated Yoga Room: State-of-the-art fitness facilities to keep residents active and healthy.
• Co-working and Entertaining Spaces: Designed with modern professionals in mind.
• 2,500 square feet of Ground Floor Retail: Adding convenience and vibrancy to the neighborhood.

Situated just a few blocks from the Brickell City Centre, residents will be within walking distance of world-class shopping, dining, and entertainment, ensuring that everything you need is at your fingertips.

With a planned opening date in 2027, The Perrin promises to be a prime address for those seeking luxury living in the heart of Miami’s thriving Brickell district.

Stay tuned for more updates as construction progresses, and keep an eye on Empira Group’s website for the latest information on this highly anticipated development.

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Reviving the Deauville: A Vision for North Beach’s Future

The iconic Deauville Hotel, a cherished piece of Miami Beach history, is set to rise again—this time with a modern twist. In a presentation to a city board last week, developers Terra and the Meruelo family unveiled exciting new details and renderings for the redevelopment of the North Beach landmark. The plans promise a bold reimagining of the site, blending historic charm with innovative design.

A Glimpse at the New Deauville

Demolished in 2022, the original Deauville Hotel will be reborn alongside two new condominium towers. This ambitious project will be brought to life by an esteemed design team, including Foster + Partners, ODP, and Shulman + Associates. Together, they aim to create a development that respects the area’s heritage while elevating its modern appeal.

Breaking Boundaries with Tall Towers

One of the most striking aspects of the proposal is the developers’ request to build the new condo towers at an impressive 400 feet—double the current height limit. This bold move reflects the grand vision for the property, though it will require special permission from the city.

Reducing Density for a Better Experience

While the towers’ height may increase, the overall density of the project will be reduced. Current zoning allows for up to 977 hotel rooms and accessory uses, but the proposed changes would cap the development at 280 hotel rooms and 140 multifamily residential units. Additionally, the rebuilt hotel tower will include some residential units, and the number of hotel rooms will be significantly lower than the original.

Enhancing the Community Experience

The proposed plans go beyond just buildings; they aim to enhance the pedestrian experience and the surrounding community. Key improvements include:

• Wider Sidewalks: Designed to be more pedestrian-friendly, these sidewalks will feature retail spaces and food and beverage outlets to create an active streetscape.
• Underground Driveway: To reduce surface-level congestion and improve walkability, a buried driveway will provide a seamless solution for vehicular access.
• Landscaped Walkway: Connecting Collins Avenue to the beachwalk, this green pathway will offer residents and visitors a serene transition from city streets to the shore.

What’s Next?

The Miami Beach Planning Board is scheduled to hold a hearing on February 4 to discuss the project further. This comes after deferring a decision during their last meeting. The presentation has already sparked significant interest, with both excitement and questions about the scale and scope of the development.

The revival of the Deauville is more than just a redevelopment project; it’s a symbol of North Beach’s evolution. With a commitment to preserving the area’s character while introducing thoughtful modern elements, this new chapter for the Deauville promises to redefine luxury living and hospitality in Miami Beach.