Faena Residences Miami: A $700 Million Project with a Landmark Design by Rafael Viñoly
A significant new addition to Miami’s skyline is on the horizon with the unveiling of the expected construction timeline for the twin 60-story Faena Residences Miami towers. Construction of these architectural marvels is anticipated to begin in late 2025, with a projected completion timeframe of approximately three years.
The Faena Residences Miami represents a $700 million investment, with a total of 440 condos planned across the two towers. This ambitious project not only underscores Miami’s ever-growing luxury real estate market but also highlights the city’s attraction as a hub for high-end residential developments. One of the notable aspects of Faena Residences Miami is that its developers strategically initiated the approval and permitting processes well in advance of the project’s announcement. This foresight is expected to streamline construction and allow for a timely completion by the end of the decade.
Adding to the allure of this development is its architectural pedigree. The late Rafael Viñoly, a visionary architect recognized for his striking and innovative designs, was commissioned for this project. The Faena Residences towers stand as one of his final masterpieces, infusing a legacy of sophistication and style into Miami’s evolving architectural landscape.
With the planned groundbreaking just a year away, Faena Residences Miami promises to be a major focal point, offering future residents both luxury and a piece of architectural history.
Miami World Tower 1 Receives Initial TCO, Marking Milestone for Miami Worldcenter Development
Miami World Tower 1 has reached a significant milestone, officially receiving its initial Temporary Certificate of Occupancy (TCO) from Coastal Construction. This TCO, identified as TCO #1, signals that the 56-story residential tower has met the preliminary standards to begin occupancy, paving the way for residents to soon move into one of Miami’s newest luxury developments.
Rising 56 stories above the vibrant Miami skyline, Miami World Tower 1 brings a blend of luxury living and lifestyle amenities to the Miami Worldcenter. The tower includes 565 apartment units, providing high-end residences with sweeping views and sophisticated design. Alongside residential offerings, the building features a 3,000-square-foot full-service restaurant and provides 401 parking spaces, offering convenience for residents and visitors alike.
Construction at the Miami World Tower site kicked off in late 2021, with the first crane installation in April 2022. By June 2022, the foundation was poured, and the tower’s skeleton began to rise, marking steady progress through the development timeline. The receipt of the initial TCO is the latest accomplishment, signifying that essential building systems are operational and meet safety standards required to welcome occupants.
Behind this ambitious project is developer Lalezarian, who has long-term plans for the Miami World Tower site. In addition to Tower 1, Lalezarian has filed plans to develop three additional towers, potentially adding 2,043 multifamily residential units to the area. This multi-tower vision aligns with the larger objectives of the Miami Worldcenter development, which aims to transform downtown Miami into a dynamic, mixed-use destination featuring residential, commercial, and entertainment spaces.
Miami World Tower 1 is just one component of the expansive Miami Worldcenter project, a master-planned development reshaping the city’s urban core. This transformative project aims to create a walkable, pedestrian-friendly environment enriched by art, culture, and green spaces. The additional towers proposed by Lalezarian will only further contribute to the vibrancy and allure of Miami Worldcenter, supporting its role as a landmark destination in downtown Miami.
With its initial TCO in hand, Miami World Tower 1 stands ready to welcome its first residents. This achievement underscores the commitment of Coastal Construction and Lalezarian to bringing a vision of modern, urban living to life in the heart of Miami. As Miami Worldcenter continues to grow, the addition of Miami World Tower 1 sets the stage for an exciting chapter in the city’s skyline and urban lifestyle.
Millennium Developments Signs Covenant for New 70-Story Brickell Tower-Calle 8
Millennium Developments is moving forward with plans for an impressive new 70-story tower in Brickell, Calle 8. In a significant step toward realizing this ambitious project, the developer has signed a covenant with Miami-Dade County. The agreement, officially recorded on November 4th, states that the tower will connect to the county’s water and sewer systems, which is required as a condition of the building permit.
The proposed tower is set to become one of Brickell’s tallest buildings, rising to 750 feet. The design envisions 464 residential units, offering a mix of luxury residences with stunning views of Miami’s skyline. Additionally, the project includes 75,736 square feet dedicated to either performing arts spaces or retail, bringing a blend of culture, commerce, and community to the heart of Brickell. The building will also provide ample parking, with 653 planned spaces, along with various amenities to enhance the lifestyle of future residents.
In August, Millennium Developments submitted an updated version of the proposal to Miami-Dade County as part of the ongoing zoning approval process. This proposal includes preliminary plans and renderings, shared for reference in the zoning phase, with a formal submission to follow as part of the site plan review.
BMA Architects is the architectural team behind the vision for this 70-story tower, adding their expertise to shape what is anticipated to be an iconic addition to the Miami skyline.
Millennium Developments’ latest project reflects Brickell’s growth as a hub for luxury living, arts, and entertainment. As zoning approval progresses, more details on the tower’s features and design will be revealed, shaping an exciting future for this high-rise in Brickell.
Watson Island Set for Transformative Development with Four Planned Towers
Miami’s iconic Watson Island is on the verge of a remarkable transformation, with plans for four new high-rise towers now under consideration. Developers Terra, ESJ Capital Partners, BH3, and Merrimac Ventures have set their sights on creating a blend of residential, hospitality, and commercial spaces on the island, though the proposals depend on two key items that City of Miami voters will weigh in on during tomorrow’s referendum. If approved, these plans would not only enhance Miami’s skyline but also bring new amenities and a public park to Watson Island.
On the north side of Watson Island, Terra and ESJ Capital Partners have proposed two striking residential towers, each rising 40 stories high. The development would add between 500 and 600 residential units to the island, making it a highly desirable living destination within close proximity to Miami’s bustling downtown.
As part of the agreement, Terra and ESJ Capital Partners would compensate the City of Miami for the use of land and commit to building a public park, adding value not only to the residents but also to Miami locals and visitors who would enjoy the expanded green space and waterfront access.
Meanwhile, the south side of Watson Island would see a more diverse mix of uses under the plans put forth by BH3 and Merrimac Ventures. This development envisions two towers, one approximately 40 stories high and another 30 stories, combining upscale residences, a lifestyle hotel, and entertainment amenities.
The taller tower would house 105 luxury condominiums, priced above $1 million, as well as 150 hotel rooms catering to the discerning traveler. The shorter tower would offer a lifestyle hotel with over 350 rooms, making it a major destination for visitors.
In addition to the residential and hospitality spaces, the south side would feature retail outlets, restaurants, and offices, creating a vibrant, mixed-use community that enriches Miami’s luxury lifestyle offerings.
If the referendum results are favorable, BH3 and Merrimac Ventures plan to begin the permitting process in 2025, with groundbreaking slated for 2026. These timelines reflect the city’s ambition to thoughtfully integrate this project into the fabric of Watson Island while maintaining a balance between development and public access.
As the decision rests with Miami’s voters, the outcome of this referendum could shape Watson Island’s future as a premier destination, blending urban luxury with community-focused green spaces.
Amazon Eyeing Wynwood for Major Office Space in Miami’s Hottest New Development
Amazon, the latest tech giant considering Miami for a significant expansion, is reportedly in talks to lease between 60,000 and 80,000 square feet at Wynwood Plaza. With negotiations centering on approximately 75,000 square feet, Amazon could soon occupy a substantial portion of the state-of-the-art development currently under construction in Wynwood.
This potential move marks another major step in Amazon’s increasing interest in Miami, coming just a year after founder Jeff Bezos announced his own relocation to the Magic City. The arrival of Amazon would be a game-changer for the Wynwood area, further cementing Miami’s reputation as a burgeoning tech and business hub.
Wynwood Plaza is poised to be a revolutionary development in Miami’s iconic arts district, featuring a mix of commercial, residential, and retail spaces designed to cater to the evolving needs of a modern city. Key features include:
Class AAA Office Tower: Spanning 266,000 square feet, this state-of-the-art building, designed by architectural firm Gensler, promises cutting-edge office spaces tailored to top-tier businesses.
High-End Apartments: With 509 luxury rental apartments, Wynwood Plaza will offer a premium residential option in the heart of Miami’s most vibrant neighborhood.
Retail & Dining Spaces: The development will feature 32,000 square feet of retail space, including 6,600 square feet of outdoor dining, contributing to Wynwood’s lively atmosphere.
Half-Acre Outdoor Plaza: Designed by James Corner Field Operations, this large, open-air plaza will be the largest of its kind in the Wynwood Arts District and one of the largest in Miami. It’s set to become a communal space where art, culture, and leisure converge, enhancing the neighborhood’s walkability and appeal.
Developed by L&L Holding Company and Oak Row Equities, alongside partners Shorenstein Properties and co-investor Claure Group, Wynwood Plaza is not just another development but a bold statement about Miami’s future. The Claure Group, which will establish its headquarters within Wynwood Plaza’s office tower, adds a local anchor to the project, fostering a collaborative environment for local and global businesses alike.
With the office towers already topped off, Wynwood Plaza is on track for a 2025 opening, promising to redefine the landscape of Wynwood and draw further interest from influential brands and businesses.
If finalized, Amazon’s presence would accelerate Wynwood’s transformation into a premier destination for innovation and business. As a brand synonymous with forward-thinking technology and global reach, Amazon would bring an influx of talent, new opportunities, and perhaps inspire other tech giants to follow suit. For Wynwood and Miami at large, Amazon’s investment would amplify the city’s standing as an attractive base for technology and corporate growth.
With Amazon potentially leading the charge, Wynwood Plaza’s cutting-edge design, vibrant community spaces, and strategic location set it up as a beacon for what Miami’s business future could hold. For now, all eyes are on Wynwood as it awaits the official announcement.
Construction at The Standard Residences Midtown Miami Reaches Topping-Off Milestone
The Standard Residences Midtown Miami, a 12-story residential tower, has officially topped off construction, marking a significant step forward in the construction process. In addition to this, window installation has progressed up to the eighth floor. The project, backed by $45.045 million in financing from Bank OZK, continues to generate excitement, particularly with the announcement of two major food and beverage establishments. Solana by Juvia Group will grace the rooftop, while Rosetta Bakery Café & Privato Speakeasy will add flair to the ground floor.
Carlos Rosso, Founder of Rosso Development, expressed his enthusiasm, stating, “This milestone highlights Midtown’s ongoing transformation into one of Miami’s most sought-after areas. The support and enthusiasm surrounding the project reflect the vibrant future we envision for Midtown as a hub for living, working, and leisure.” This project is an integral part of Midtown’s evolution, signaling its growing appeal as a vibrant urban center.
The Standard Residences boasts an impressive design pedigree. The internationally renowned architecture firm Arquitectonica has brought their expertise to the building’s overall structure, while Urban Robot, in collaboration with The Standard’s in-house design team, has taken the lead on interior design. Civic Construction is serving as the general contractor, and Naturalficial is behind the thoughtfully designed landscape.
Located at 3100 Northeast 1st Avenue, the development sits at the crossroads of Miami’s most dynamic neighborhoods: The Design District and Wynwood. This prime location offers residents a highly walkable lifestyle, a rare attribute in Miami. The development has already achieved a remarkable milestone of its own, with 95% of the 228 residences—ranging from studios to two-bedroom units—already pre-sold. The flexibility of these units is particularly appealing, as they are designed to accommodate short-term leases as brief as one month.
The amenities at The Standard Residences are designed to offer a truly elevated living experience. The rooftop will feature a 60-foot resort-style pool, a restaurant and bar, and wellness facilities, including a fitness center, infrared sauna, indoor pickleball court, and yoga studios. In addition, residents will have access to a social floor, which includes a karaoke bar, screening room, co-working spaces, Zoom rooms, and a private boardroom. A concierge will be on hand to assist with owner needs and facilitate community programming.
The Standard Residences Midtown Miami, is on track for completion in Q3 2025.
Vita Residences at Grove Isle Tops Off Construction
Grove Isle, a tranquil and exclusive 20-acre private island just off Miami’s Coconut Grove neighborhood, is welcoming its first new residential development in decades. The CMC Group, led by renowned developer Ugo Colombo, has officially topped off construction of Vita Residences at Grove Isle, a highly anticipated 65-unit luxury condominium. This significant milestone is part of a grand vision to reshape the island’s residential landscape, with completion set for late 2025.
Vita Residences at Grove Isle is no ordinary development. Nestled within the serene waterfront setting, the seven-story building comprises three interconnected structures that form a cohesive, elegant design. Located at 5 Grove Isle Drive, the development offers an exclusive island lifestyle just minutes from the bustling Coconut Grove neighborhood, one of Miami’s most desirable residential enclaves.
Despite its ongoing construction, Vita Residences at Grove Isle has already secured strong interest, with nearly 80% of its units under contract. The majority of buyers are from the United States, demonstrating the continued demand for luxury living in Miami, especially in areas like Coconut Grove. The development’s allure lies not only in its luxurious amenities and design but also in its prime location, offering unobstructed views of Biscayne Bay.
Ugo Colombo, the visionary behind CMC Group, expressed his excitement about the project’s progress, saying, “Seeing Vita at Grove Isle take shape is a fulfillment of our vision for future residents and the future of Grove Isle itself. This development will offer an exclusive private-island lifestyle, combining the unparalleled water views and unique location with the comfort and luxury of homes, all within the convenience of a condo.”
The residences at Vita at Grove Isle are designed with high-end finishes and craftsmanship throughout, with three-, four-, and four-plus-den-bedroom layouts available. The crown jewels of the development are the 12 exclusive penthouses, each featuring a private rooftop pool. Prices start at around $6 million for standard units, with penthouses priced at approximately $19.5 million.
The Vita development brings not only luxury residences but also a range of island-wide upgrades. Significant improvements to the island’s roadways, signage, and guardhouse are planned. Residents will enjoy access to a variety of amenities, including a bayfront pool, fitness center, spa, and a private members-only club offering tennis and pickleball courts. Additionally, a public restaurant and marina will be integrated into the development, providing both residents and visitors with waterfront dining and leisure.
In early 2024, CMC Group secured $239 million in construction financing from Bank OZK, ensuring the smooth progress of the project. The design team includes renowned architecture firm CallisonRTKL, local architects S & E Architects, and world-class interior designers Carlo and Paolo Colombo of A++ Architecture, further highlighting the development’s commitment to quality and luxury.
Vita at Grove Isle is poised to become a standout addition to Miami’s high-end real estate market. Grove Isle has long been known for its exclusivity and stunning views, and this new development will enhance its reputation as one of Miami’s premier residential destinations. Minutes from the vibrant districts of Brickell, Miami Beach, and Coral Gables, Vita at Grove Isle offers the perfect blend of serene island living and easy access to Miami’s best dining, shopping, and entertainment.
CMC Group’s track record of excellence in luxury development continues with Vita at Grove Isle, joining the ranks of its previous projects like Bristol Tower, Santa Maria, and Brickell Flatiron. With the recent completion of Onda Residences in Bay Harbor Islands, CMC Group continues to push the boundaries of luxury living in Miami.
Turnberry Completes Foundation Pour for ONE ParkTower at SoLé Mia
ONE Park Tower has recently reached a significant milestone in North Miami. The 33-story ultra-luxury condominium tower located within the expansive 184-acre master-planned community of SoLé Mia, has successfully completed the foundation pour, marking a critical step forward in bringing this iconic tower to life.
Situated at 2411 Laguna Circle, ONE Park Tower will feature 292 exclusive residences that overlook a breathtaking seven-acre Crystal Lagoon® and are surrounded by lush natural landscapes. This extraordinary development is designed by the acclaimed architectural firm Arquitectonica, with interiors crafted by the renowned Meyer Davis and landscaping by DS Boca.
The tower is strategically positioned to offer its residents panoramic views of some of Miami’s most stunning natural and urban landscapes. The residences boast vistas of the Crystal Lagoon®, Oleta River State Park, Biscayne Bay, the Atlantic Ocean, and the dynamic Miami skyline. Each unit is thoughtfully designed with one-, two-, and three-bedroom layouts, as well as penthouses that feature high ceilings, wrap-around terraces, and spacious master bedrooms with walk-in closets.
Upon completion, residents of ONE Park Tower will have access to an array of world-class amenities. These include the Laguna Solé, a swimmable lagoon that serves as the heart of the community, a lagoon-front beach club, two private swimming pools, private pickleball courts, and a state-of-the-art wellness center. Additional lifestyle features encompass a café, co-working facilities, event rooms, a golf simulator, a children’s playroom, and a pet spa, ensuring that every resident’s needs and desires are met.
The project has garnered strong interest, with 70% of the residences already pre-sold. Turnberry has secured $172 million in construction financing, underscoring the confidence in this landmark development. Juneau Construction Company is leading the construction efforts, with the completion anticipated in Summer 2026. For those looking to become part of this exclusive community, the remaining residences are being marketed by Fortune International Realty, with prices starting at $900,000.
Okan Tower: A New Construction Icon in Downtown Miami’s Skyline
Construction continues to advance on Okan Tower, a 70-story mixed-use marvel taking shape at 555 North Miami Avenue in the heart of Downtown Miami. Designed by the esteemed Behar Font & Partners and developed by Okan Group, this 902-foot-tall, 914,124-square-foot skyscraper is set to redefine luxury living and working spaces in the city. Once completed, the tower will feature 399 luxurious residences, a 316-key hotel, 64,000 square feet of Class A office space, and a host of indoor and outdoor amenities, making it a true gem in Miami’s urban landscape.
The tower is being constructed on a 0.86-acre corner plot, strategically bordered by North Miami Avenue to the west and Northeast 6th Street to the north, ensuring it will be a standout feature in the downtown area. Witkin Hults + Partners, the landscape architect, is meticulously planning the surrounding green spaces to complement the building’s impressive architecture.
Jacob Companies, the project’s general contractor, has been actively sharing updates on the tower’s construction progress. Last week, they posted a series of photos on Instagram that provided a behind-the-scenes look at the ongoing activities at the site. The images captured various stages of the building process, from the installation of rebar to the formation of concrete slabs. The pouring of columns in the site’s northeast corner is visible, alongside significant progress on the south wall.
The construction team, including Okan Construction, Moore Group, Efco Forming, and US American Concrete, is making remarkable strides in the tower’s structural phase. As the year progresses, we can expect to see Okan Tower start to make a substantial impact on the Miami skyline.
Okan Tower’s residential offerings are divided between 163 condominium units on floors 51 through 70, tailored for private residences, and 236 condo-hotel units on floors 36 to 50. These condo-hotel units are designed for short-term rentals, offering all the services and amenities of a luxury hotel. The residential units vary in size, with studios starting at 447 square feet and expansive three-bedroom residences reaching up to 2,183 square feet, catering to a wide range of lifestyle needs.
The tower’s design and amenities are poised to attract those seeking an unparalleled living experience in Miami, combining luxury, convenience, and modern design in a prime downtown location.
As construction progresses, anticipation continues to build for the completion of Okan Tower. The project is expected to be finished by 2027, at which point it will stand as a new icon in Miami’s skyline, embodying the city’s vibrant spirit and relentless growth.
Shoma Bay Elevates Miami Luxury Living with Rolls-Royce Perks and Unmatched Amenities
Miami is no stranger to luxury, but Shoma Bay, a new 24-story tower in North Bay Village set to open in 2026, is taking things to a whole new level. The latest project by Shoma Group is making waves not just for its stunning architecture or prime location off the John F. Kennedy Causeway but for an extraordinary amenity that’s sure to turn heads—a chauffeured Rolls-Royce Cullinan available to all residents. Yes, you read that right. Imagine having a Rolls-Royce at your beck and call to cruise around Miami in style. Let’s dive into what makes Shoma Bay the epitome of luxury living in the Magic City.
Shoma Bay isn’t just another high-rise; it’s a lifestyle destination designed to cater to the most discerning buyers. With 333 units ranging from one to three bedrooms, plus 10 exclusive penthouses, Shoma Bay promises to offer something for everyone looking for a luxurious place to call home. But what truly sets it apart are the unique amenities that go far beyond the typical offerings of high-end condos.
The crown jewel of Shoma Bay’s amenities is undoubtedly the Rolls-Royce Cullinan—a vehicle synonymous with elegance and sophistication. Residents will have access to this chauffeured luxury SUV for trips within a 10-mile radius, including key locations like Miami International Airport, the Bal Harbour Shops, and the Miami Design District. It’s a perk that redefines convenience and luxury, ensuring that every outing is a memorable one.
Stephanie Shojaee, one half of the power couple leading Shoma Group, explains, “We offer residents access to a bespoke Rolls-Royce to enhance the luxurious lifestyles they will experience at Shoma Bay. This kind of amenity goes beyond traditional luxurious features such as high-end appliances or premium finishes.”
Shoma Bay is all about creating an environment where residents can live their best lives. The development features a wide range of amenities that cater to various aspects of luxury living:
Pet Spa: Because your fur babies deserve the best too.
Golf Simulator: Perfect for channeling your inner Tiger Woods without leaving the building.
Zen Garden: A peaceful retreat where you can relax and unwind.
Wine Club: Elevate your happy hours with curated selections and exclusive tastings.
And if that’s not enough, Shoma Bay is also set to include what might be the most luxurious Publix in Florida, along with a rooftop lounge offering stunning views and a place to socialize with neighbors.
The integration of high-end brands like Rolls-Royce into real estate developments is a growing trend, especially in markets like Miami, where affluent buyers are looking for more than just a place to live—they’re looking for a complete lifestyle experience. As the first Latina U.S. ambassador for Rolls-Royce, Stephanie Shojaee sees this collaboration as a natural extension of Shoma Group’s commitment to luxury.
While the Rolls-Royce Cullinan might seem like the ultimate amenity, Shoma Group has hinted that more surprises are in store. One highly anticipated feature is a distinguished high-end restaurant, though the name remains under wraps for now. This, combined with the development’s other luxurious offerings, ensures that Shoma Bay will be a landmark of opulence in Miami.
With units starting at $750,000, Shoma Bay is positioning itself as one of Miami’s most desirable addresses. Whether you’re drawn to the idea of having a Rolls-Royce at your disposal, the array of exclusive amenities, or simply the chance to be part of a community that celebrates luxury, Shoma Bay offers an unparalleled living experience.
