Nexo Residences Breaks Ground in North Miami Beach

Nexo Residences Exterior
Nexo Residences in North Miami Beach

In the heart of North Miami Beach, Fortune International Group, in partnership with Blue Road, has embarked on a groundbreaking venture: the Nexo Residences. This 15-story luxury condominium project, located at 13899 Biscayne Boulevard, is poised to redefine urban living with its innovative home-sharing capabilities.

The architectural brilliance of Frankel Benayoun Architects Inc., combined with insights from the globally acclaimed architect Carlos Ott, has shaped the design of Nexo Residences. Furthermore, the interiors, common areas, and landscaping have been meticulously crafted by Urban Robot. The development boasts 254 fully furnished residences, allowing homeowners unparalleled autonomy in their property’s utilization. These residences range from cozy studios to expansive four-bedroom townhomes, with sizes varying from 531 to 2,190 interior square feet. With prices commencing from the mid $600s, this project offers a diverse portfolio for potential investors.

Edgardo Defortuna, the CEO of Fortune International Group, expressed his enthusiasm, stating, “Nexo Residences has garnered significant attention from global buyers and investors. Its strategic location, coupled with top-tier amenities and the unique opportunity for homeowners to lease their units, aligns perfectly with Fortune’s vision of pioneering projects that consistently exceed expectations through innovation and meticulous attention to detail.”

The name “Nexo,” translating to “nexus” in Spanish, encapsulates the essence of this project. It serves as a pivotal junction, bridging crucial elements and making it an attractive proposition for short-term renters in this burgeoning submarket. The rental flexibility, complemented by a professional management team overseeing operations, enhances its appeal for potential investors.

Jorge Savloff, CEO of Blue Road, highlighted the strategic advantage of the location, emphasizing its proximity to iconic South Florida attractions like the Bal Harbour Shops, Aventura Mall, and a plethora of upscale dining and entertainment venues. He added, “Nexo Residences offers a more family-centric alternative to the bustling tourist hubs of Miami, ensuring a comprehensive and enriching experience for all.”

The amenities at Nexo Residences resonate with the South Florida vacation spirit, catering to both work and leisure. Features include a grand three-story arrival lobby, a state-of-the-art tech hub with coworking spaces, a lavish pool deck, fitness facilities, and a rooftop observatory deck offering panoramic southern vistas. Additionally, entertainment options abound with an outdoor cinema, a versatile clubroom, and a dedicated children’s play area.

An added allure for international investors is the property’s EB-5 designation. This provides a golden opportunity for foreign nationals to embark on the path to U.S. citizenship by investing a minimum of $800,000 in Nexo Residences and adhering to the stipulations set by the United States Citizenship and Immigration Services (USCIS).

Strategically positioned, Nexo Residences offers proximity to business and leisure hubs like Bal Harbour, Aventura, and Sunny Isles. Its location on Biscayne Boulevard, near the Intracoastal Waterway, and equidistant from major airports, further accentuates its appeal for global investors.

Nexo Residences presents a compelling investment narrative blending luxury, flexibility, and strategic location into a package that promises significant returns.

Nexo Residences in North Miami Beach Completion Date Set for 2025

Nexo Residences Townhouse Aerial
Nexo Residences North Miami Beach

Nexo Residences North Miami Beach will rise 15 stories tall and feature 254 units. With construction continuing for the project, the completion date was officially announced for 2025.

Nexo Residences is located at 13899 Biscayne Boulevard, North Miami Beach, Florida, 33181. The developers for this project include Blue Road and Fortune International Group. The landscape architect for Nexo Residences is Urban Root, and the building was designed by Frankel Benayoun Architects Inc. Homes range from $500k to $2.2 million.

Floor plans will range from 531 to 2,092 square fee with studio to four bedrooms layout options.

Residence Features:

  • Fully furnished and 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
  • 10 to 15 foot ceilings

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
  • Private event area
  • Movie theater
  • Summer kitchens
  • Fire-pit lounges
  • Hammock lounge

If you or someone you know have an interest in purchasing at Nexo Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.

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.