Tula Residences Tops Off, Set To Become First New Condominium to Open In Miami's North Bay Village In More Than a Decade

Bayshore Grove Capital, a Miami-based real estate and private equity firm, which is leading the project's development and construction, with Pacific & Orient Properties serving as the project developer, have topped off Tula Residences, the boutique residential address nestled in the heart of North Bay Village, one of Miami’s most exclusive waterfront island communities. Introducing a collection of just 54 private residences, the 21-story development pairs panoramic views of Biscayne Bay and the Miami skyline with approximately 18,000 square feet of highly curated amenities. With completion expected in Q3 2027, the project is set to become the first new condominium to open in North Bay Village in more than a decade.

The construction milestone also represents a new chapter for Tula Residences and follows the development’s recent $67 million construction loan from S3 Capital. As the building makes significant progress toward completion, the development team has engaged Compass Development Marketing Group to join Brown Harris Stevens as co-listing broker for marketing and sales efforts. Compass joins Tula Residences in a co-listing arrangement with Brown Harris Stevens.

“Reaching the top of Tula is an exciting moment for us and for North Bay Village,” said Vivian Dimond, Founder and CEO of Bayshore Grove Capital. “We have believed in the potential of this community from the beginning, and it is rewarding to see Tula take its rightful place as an anchor of the neighborhood. As construction moves closer to completion, the character of the building and the lifestyle we envisioned are coming to life right in front of us.”

With convenient access to both sides of Biscayne Bay, Tula is designed as a private residential retreat offering expansive residences and a collection of wellness and social amenities. Designed by architecture firm M77R (‘matter’) with interiors by Shannon Farrell Design, whose portfolio includes acclaimed residential and hospitality projects across Miami, New York and Los Angeles,

Tula features a limited collection of two- to five-bedroom residences, including six penthouses spanning the upper three floors. The residences range from approximately 1,590 to 2,440 square feet, while the penthouses offer approximately 3,700 to 4,140 square feet. Prices start below $2 million. Every residence is a corner residence, offering exceptional views of Biscayne Bay and the Miami skyline.

“Tula offers something truly compelling for North Bay Village, as buyers increasingly recognize the appeal of waterfront living in a location that offers both privacy and immediate access to Miami and Miami Beach,” said Philip Freedman, Senior Managing Director of Sales. “Now that the building has topped off, buyers can see firsthand the progress taking shape and better understand what sets Tula apart within Miami’s condominium market.”

As the new development division of Compass, one of the nation’s leading residential real estate brokerages with a strong presence in South Florida and major luxury markets across the U.S., Compass Development Marketing Group specializes in the launch, positioning and sellout of high-end condominium and mixed-use projects. At Tula, Compass Development Marketing Group will work alongside Brown Harris Stevens as co-listing broker, supporting the project's sales strategy and broker outreach as the development advances toward completion.

Complementing the residences, Tula will offer amenities designed around wellness, relaxation and gathering. A sixth-floor amenity level will feature a resort-style pool surrounded by a landscaped deck, poolside lounges and private cabanas overlooking Biscayne Bay and the Miami skyline. Indoors, residents will have access to a 2,400-square-foot fitness center outfitted with state-of-the-art equipment, a great room with a marble fireplace, a private dining room for 12, and the Skyline Club Room, which will be available for private gatherings. Additional amenities include a surround-sound theater for private screenings, 24-hour concierge service and secure package storage. At the waterfront, the Vista Lounge will offer an additional setting for residents to relax and gather, with floor-to-ceiling windows and direct views of the bay.

Located at the midpoint between Miami and Miami Beach, North Bay Village is undergoing a period of significant investment and growth across its residential, hospitality and commercial landscape. The community offers immediate access to some of the region’s most important destinations, including the Miami Design District, the Wynwood Arts District, Downtown Miami’s Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami, and the Frost Science Museum, as well as Miami International Airport and the beaches of Miami Beach. Tula’s topping off brings the project one step closer to delivering a new residential offering within this evolving waterfront community.

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Riviera Horizons Breaks Ground on Pagani Residences in Miami's North Bay Village

Pagani Residences has officially broken ground in North Bay Village, marking a defining milestone for both the development and the neighborhood as it continues to emerge as one of Miami’s most coveted waterfront destinations.

On display during the ceremony were three Pagani Hypercars — the Huayra BC, Huayra Coupé, and Utopia Coupé — underscoring the craftsmanship, performance, and design excellence that inspire Pagani Residences.

The groundbreaking brought together key project stakeholders led by Mikael Hamaoui, founder and CEO of Riviera Horizons, whose vision brought Pagani Residences to life in collaboration with Horacio Pagani and Pagani Arte. Hamaoui was joined by Horacio Pagani, Edgardo Defortuna, president and CEO of Fortune International Group, Brenda Basso, chief executive officer of Pagani Arte, Nicola Volpi, chairman of Pagani Automobili, Christopher Pagani, marketing director of Pagani Automobili, and Brett David, CEO of Prestige Imports and Pagani of Miami, alongside local leadership including North Bay Village Mayor Rachel Streitfeld. Their presence reflected the highly collaborative and deeply personal nature of the project, further underscoring Pagani Residences’ significance within Miami’s evolving ultra-luxury landscape.

Developed by Riviera Horizons in collaboration with Horacio Pagani and Pagani Arte, the 30-story boutique tower will feature 70 all-corner residences designed to maximize natural light, privacy, and sweeping views of Biscayne Bay and the Atlantic Ocean. Expansive terraces extend the living experience outdoors, reinforcing the project’s connection to its waterfront setting.

“This milestone reflects a more thoughtful and enduring approach to luxury, one rooted in design integrity, craftsmanship, and long-term value,” said Mikael Hamaoui, founder and CEO of Riviera Horizons. “Today’s buyers are increasingly discerning, seeking projects with a distinct point of view and an authentic sense of authorship. Pagani Residences introduces a new level of precision and intentionality to waterfront living in Miami, while also contributing to the continued evolution of North Bay Village as one of the city’s most compelling residential destinations.”

The project arrives at a pivotal moment for North Bay Village, which continues to gain momentum as a hub for design-driven boutique development, attracting buyers seeking both proximity to Miami’s urban core and a more private waterfront lifestyle.

Representing Horacio Pagani’s first residential project worldwide, the development reflects his direct involvement across every aspect of the design process, from the architectural vision to the smallest interior details. Designed by A++ and curated by Pagani Arte, the residences incorporate signature materials and finishes inspired by Pagani Hypercars, including carbon fiber, hand-finished metalwork, and supple leathers, all reinterpreted through a refined residential lens. Extending this vision further, Pagani Arte has created an exclusive bespoke furniture collection for the residences, transforming each home into a fully immersive expression of the Pagani universe.

“For me, design has always been about creating emotion,” said Horacio Pagani. “Pagani Residences brings the spirit of our Hypercars into everyday living through craftsmanship, beauty, and a thorough attention to detail. Every material, every texture, and every space were considered with the same care we dedicate to each Pagani Hypercar.”

Upon completion, residents will enjoy a curated suite of amenities, including a rooftop pool with panoramic 360-degree views and a wellness level on the 29th floor inspired by the Italian Dolomites. A private marina and 240-foot waterfront boardwalk, along with exclusive resident access to a yacht club and beach club, further extend the lifestyle offering. Curated services will also include the Auto Privata partnership powered by Prestige Imports, an automotive concierge program providing white-glove vehicle storage, maintenance, and transportation services tailored to collectors and enthusiasts alike.

Pagani Residences start at $3.9 million.

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Pagani Residences and Prestige Imports Launch Auto Privata, A Bespoke Concierge Bringing White-Glove Service to Resident's Exotic and Collector Vehicles

Pagani Residences, the first residential development from legendary automaker Horacio Pagani, has announced a pioneering partnership with Prestige Imports, led by CEO Brett David, to debut Auto Privata, a bespoke automotive concierge program exclusively for residents. The collaboration establishes a first-of-its-kind model in luxury living, one in which architectural design, collector culture and performance craftsmanship converge as part of daily life.

Created for those who view automobiles as art and expression, the Pagani Residences x Prestige Auto Privata concierge provides on-demand, white-glove automotive care through the Pagani Residences app, ensuring each vehicle is secured, maintained, detailed and road-ready.

Exclusive Partnership Benefits:

• Valet parking by trained ambassadors

• Monthly vehicle condition reports

• Maintenance and service scheduling

• Tailored offers based on vehicle history and preferences

• Concierge access via dedicated app or direct line

• Services and reports accessible through the Pagani Residences mobile app

Subscriptions or A La Carte Services:

• Climate-controlled storage with biometric access

• Professional detailing and restoration services

• Door-to-door enclosed transport within Florida and nationwide

• Pre-arrival vehicle preparation (fueled, charged, and detailed)

• Discreet sourcing and acquisition of rare, limited-production and off-market vehicles

• Custom modifications and personalization via certified partners

• Expert care aligned with manufacturer specifications and collector-grade standards

• Concierge & Lifestyle Services

Beyond vehicle care, Prestige Imports offers a suite of lifestyle services designed for discerning collectors. Residents benefit from meticulous pre- and post-use inspections with detailed digital reporting via the resident portal, as well as administrative support for tag renewals, registration paperwork, insurance coordination, and comprehensive mileage management. Vehicles can also be discreetly delivered to private airports, social events, or restaurants with advance notice. For collectors, Prestige provides brokered access to rare, off-market vehicles through its extensive global network, along with custom acquisition plans that include pre-purchase inspections and provenance verification.

Membership tiers and customizable packages allow residents to tailor services to their specific needs, whether for a single daily driver or a multi-car collector portfolio. All reports and services are integrated into the Pagani Residences mobile app, offering the perfect balance of digital convenience and personalized attention.

“Pagani Residences is about living at the intersection of art, engineering and design,” said Mikael Hamaoui, founder and CEO of Riviera Horizons. “Partnering with Prestige Imports ensures our residents’ vehicles receive the same care and craftsmanship as their homes, delivering peace of mind and the freedom to enjoy their collections at their highest level.”

The Prestige partnership is the latest addition to the Pagani Residences Luxury Lifestyle Program, which curates bespoke services across design, hospitality, and automotive. It reinforces Pagani’s vision of creating residences that are as immersive and experiential as the brand’s legendary hypercars.

“Miami is one of the world’s greatest stages for automotive culture—and for true collectors, it’s not just about owning the car. It’s about how you live with it, said Brett David, CEO of Prestige Imports. “This partnership brings our philosophy directly into the home. Whether it’s preparing a car for a Sunday drive or sourcing a one-off from across the globe, our goal is to make every moment with these automobiles effortless and unforgettable.”

Situated in Miami’s three-island city of North Bay Village, in the heart of Biscayne Bay, an enclave of tranquility with some of Miami’s most astounding views, Pagani Residences comprises just 70 all-corner residences, including two crown jewel duplex penthouses and four exclusive Sky Residences. Set at the epicenter of art, culture, and lifestyle, the property offers effortless access to Miami International and private airports, as well as shopping, golfing, social clubs, and destinations like Miami Beach, Fisher Island, Bal Harbour, and the Miami Design District.

Pagani Residences are priced starting at $3.7 million.

“Miami Edition” Pagani Utopia Roadster

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Pagani Residences, The World's First Residential Project by Horacio Pagani, Debuts $30 Million and $28.5 Million Penthouses Complete With Miami Edition Pagani Utopia Roadster

Pagani Residences, the world’s first residential project designed by the Italo-Argentine automaker Horacio Pagani, has revealed its two crown jewel penthouses. Priced at $30 million and $28.5 million, respectively, the residences soar above Biscayne Bay, offering an unparalleled blend of architectural innovation, Italian artistry, and rare perks found nowhere else in the world. Together, the two penthouses establish new record prices for Miami’s North Bay Village, underscoring the project’s landmark position in the market.

Crowning the 28th and 29th floors, the two duplex penthouses at Pagani Residences represent the pinnacle of the tower. Penthouse 01 spans 12,200 square feet (7,000 interior, 5,200 outdoor) with five bedrooms and six bathrooms and is priced at $30 million, while Penthouse 02 offers 10,700 square feet (6,100 interior, 4,600 outdoor) with four bedrooms and five bathrooms and is priced at $28.5 million. Each home rises across two dramatic levels with 13-foot ceilings, ensuite elevators, and sweeping terraces framing panoramic views of Biscayne Bay and the Miami skyline.

Personally curated by Horacio Pagani and the Pagani Arte team, the penthouse residences feature materials and finishes exclusive to these two homes. Interiors include light oak flooring offered in Pagani’s chevron parquet with metal inlays, paired with travertine stone on the second floor. A sculptural swirling staircase in travertine with oak and white lacquered metal details anchors the space. Schiffini Magistretti kitchens, fitted with penthouse-exclusive Gaggenau appliances, are offered in Carrara marble with Argento Veneziano aluminum and oak or Portoro marble with Nero Lipari aluminum and oak as well as a 365-bottle wine wall designed exclusively for the penthouses. Bathrooms continue the bespoke approach with Pagani’s 1000 lines in honed travertine, Gessi Cesello fixtures, and shower spouts with body jets in the master and second bedrooms.

Pagani Residences represents the pinnacle of living and design, and the penthouses are its most exceptional expression,” said Mikael Hamaoui, founder and CEO of Riviera Horizons. “From bespoke materials to private pools, to the rarest of automotive works of art, these homes elevate luxury into legend.”

In a first-of-its-kind offering, each penthouse buyer will also receive a “Miami Edition” Pagani Utopia Roadster, personally designed by Horacio Pagani. Inspired by the vibrant energy of Miami, the Utopia Roadster “Miami Edition” features a bespoke blue finish envisioned to reflect the city’s endless sea and sky. This exclusive edition, created in connection with the Pagani Residences penthouses, embodies the artistry, performance, and design innovation that define both the marque and the development. These hypercars ensure that each owner’s garage reflects the same artistry and rarity as their home. Beyond the car itself, penthouse owners will have the option to purchase a private garage space within the building, ensuring their Pagani Utopia Roadster has a home as exceptional as the residence above. Buyers will also be flown to Modena, Italy, for a private Horacio Pagani Museo tour and Atelier experience, culminating in a personal meeting with Horacio Pagani and Pagani Arte team . Penthouse owners will have the opportunity to collaborate directly with them to personalize their residences, making each home as singular as the car that accompanies it.

The penthouses come with private access to the tower’s wellness amenities, including a gym, a waterfront spa on the 29th floor, a restorative lounge, and a rooftop pool and sky lounge with cabanas and hot and cold plunges. Interiors are crafted by Pagani Arte and A++, distinguished by penthouse-exclusive chandeliers and signature details from Pagani Automobili, such as the iconic ellipses. Complementing these design elements, residents enjoy the full suite of white-glove services at Pagani Residences, seamlessly blending work, leisure, and connection.

“At Pagani, every creation begins with a dialogue. Just as we design a hypercar hand-in-hand with its owner, Pagani Residences, in collaboration with Pagani Arte, invites each resident into the adventure of shaping their home,” said Horacio Pagani, founder and CEO of Pagani Automobili. “Whether it’s a penthouse or a one-bedroom, the true pleasure is in crafting something unique and personal, infused with the same spirit of artistry and joy that defines our cars. Each residence is envisioned as more than a home, a canvas for imagination, collaboration, and signature style, brought to life with our team’s touch.”

Situated in Miami’s three-island city of North Bay Village, in the heart of Biscayne Bay, an enclave of tranquility with some of Miami’s most astounding views, Pagani Residences comprises just 70 homes in total, including two crown jewel duplex penthouses and four exclusive Sky Residences. Set at the epicenter of art, culture, and lifestyle, the property offers effortless access to Miami International and private airports, as well as shopping, golfing, social clubs, and destinations like Miami Beach, Fisher Island, Bal Harbour, and the Miami Design District.

Pagani Residences are priced starting at $3.7 million.

Renderings via We Are Visuals

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Continuum Company Reveals Expanded Vision for Continuum Waterfront District in North Bay Village

Continuum Company has introduced a new vision for North Bay Village with the unveiling of the Continuum Waterfront District, a proposed two-phase, mixed-use development spanning more than three acres along Biscayne Bay. Master-planned by Continuum, the Commission unanimously approved the plan that will transform Kennedy Causeway into an iconic waterfront destination.

Anchored by the first phase, Continuum Club & Residences and a historic deck at the water’s edge, the Continuum Waterfront District brings together thoughtfully designed residential, hospitality, retail, and recreational spaces. Consistent with the NBV100 Master Plan, the District emphasizes walkability, waterfront access, and lush green civic spaces that connect residents and visitors to stunning Biscayne Bay.

The vision for the Continuum Waterfront District includes two Continuum Club residential condominium towers, a Continuum-branded boutique hotel with rooftop pool and curated lifestyle experiences. The broader district will feature new restaurants and bars, a renovated marina, outdoor wellness areas, and retail storefronts, all of which will contribute to a pedestrian-friendly waterfront lifestyle.

“Our vision for North Bay Village is to transform this waterfront neighborhood into a sought-after destination,” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “We are extremely appreciative of the support we received from the staff and the Commission as we planned this District in partnership with North Bay Village”.

“The Continuum Waterfront District is our vision of the pinnacle of bayfront living,” said Allie Eichner, President of Continuum Florida. “The Continuum Waterfront District is our opportunity to help shape a neighborhood that celebrates Miami’s unique waterfront lifestyle.”

Continuum Club & Residences, currently under construction and nearly 50 percent sold, is the district’s first phase. The tower features over 60,000 square feet of amenities, including a waterfront resort-style pool, a wellness center with a gym, yoga studio, longevity spa, marina, and curated lifestyle perks such as private yacht club and beach club memberships, as well as a premium membership to Dorsia, an exclusive dining platform. It builds on Ian Bruce Eichner’s legacy, whose development of Continuum South Beach played a pivotal role in transforming Miami’s South of Fifth neighborhood.

Renderings via Continuum Company

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Continuum Company Closes $25 Million Pre-Development Loan for Continuum Club & Residences in North Bay Village

Continuum Company, a real estate development firm with offices in NYC and Miami, has closed on a $25 million pre-development loan for the Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing was provided by Benmark Capital, a vertically integrated real estate private equity and debt investment firm. Continuum Club & Residences has reported strong pre-sales activity, with 50% of units already under contract.

The transaction provides capital to advance site preparation and development activities for the project, which is anticipated to bring 198 luxury waterfront residences to the revitalizing North Bay Village submarket. Developed in partnership with Aksoy Holdings, Continuum Club & Residences represents Continuum’s second Miami project following the successful delivery of Continuum South Beach.

“Benmark Capital is pleased to support The Continuum Company in advancing this highly anticipated development,” said Mark Simon, Chief Executive Officer of Benmark Capital. “This transaction reflects our commitment to financing institutional-quality projects sponsored by experienced developers in supply-constrained, high-demand markets.”

Joe Moser, Director at Benmark Capital, added, “Continuum Club & Residences is exceptionally well-positioned to benefit from the significant investment and infrastructure improvements underway in North Bay Village. We are proud to play a role in bringing this transformative project to fruition and to continue expanding our footprint in the Miami market.”

Designed by Arquitectonica, with interiors by Durukan Design and landscaping by Martha Schwartz Partners, the development will offer over 60,000 square feet of amenities, including multiple resort-style pools, a private marina, a waterfront fitness center and spa, curated dining, and wellness-focused services. The project broke ground in March 2025 and is targeting completion in early 2028.

"Securing this pre-development loan from Benmark Capital is a testament to the strength of our vision for Continuum Club & Residences and the confidence in our team's ability to deliver exceptional value," said Ian Bruce Eichner, Chairman and CEO of Continuum Company. "The tremendous support from our financial partners underscores the unprecedented demand for luxury waterfront living in Miami's emerging neighborhoods. This financing will enable us to maintain our momentum as we transform North Bay Village into Miami's next premier destination."

Renderings via Williams New York

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Continuum Company Launches Private Yacht Club Membership For Buyers At Continuum Club & Residences and La Baia North

Continuum Company has revealed a new, elevated luxury waterfront living amenity for two of their new Miami developments, complimentary private yacht club membership for buyers at Continuum Club & Residences and La Baia North. This exclusive benefit activates immediately upon contract signing. This unique perk grants residents exclusive access to a professionally managed fleet of world-class yachts, premium concierge services, and curated excursions, an unprecedented offering in Miami’s luxury real estate scene.

“We believe luxury living extends far beyond the walls of a residence—it’s about experiencing the very best of Miami,” said Bruce Eichner, Founder and Chairman of Continuum Company. “By including private yacht membership in condominium ownership, we allow our residents to truly enjoy waterfront living without the hassle of ownership. You can step out of your residence onto a yacht for a VIP experience and soak up the sun or sunset on the bay, the ocean and beyond.”

"Yacht Club membership allows our residents to immerse themselves in the best of Miami’s waterfront lifestyle, whether for outings with family and friends, entertaining guests, or business networking," said Allie Eichner, President of Continuum Florida. "This initiative speaks to the Continuum as a lifestyle brand that represents luxury and first-class service that extends far beyond our residences.”

With yachts ranging from 58’ to 68’, residents will enjoy an experienced crew and a steward and membership benefits including booking through a VIP concierge or members' app and access to exclusive events, sunset outings, chef tastings, and more. Standard residences’ owners will receive three half-day yacht excursions, while penthouse buyers enjoy six half-day excursions. Each curated experience includes Champagne, premium spirits, gourmet appetizers, water toys, towel services, and concierge support.

With Miami’s luxury real estate landscape continuously evolving, Continuum Company remains at the forefront of innovation, offering exclusive lifestyle-driven perks that resonate with today’s buyers and set the company apart in the market.

Continuum Club & Residences recently broke ground in North Bay Village, with 50% of units sold and completion expected in early 2028. The tower will feature 198 residences ranging from one-to-four-bedroom homes and penthouses start just under $1,000,000. La Baia North, a 57-unit luxury condominium in Bay Harbor Islands, broke ground in October of last year and is 75% sold ahead of its 2027 completion. Residences at La Baia North range from two- to four-bedroom units starting at $1.4 million

Renderings and photos via Continuum Company

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Construction Back Underway at Tula Residences at 7918 West Drive on North Bay Village

Construction is now fully back underway at Tula, formerly 7918 West Drive, under an experienced new development team and with upgraded plans in place. The soaring 21-story waterfront residential building is on track to be the first newly completed condominium building in North Bay Village in over a decade. The building is expected to be completed with closings commencing in 2026, putting Tula at the forefront of the development boom currently underway in North Bay Village.

Tula is now being developed by Coconut Grove-based real estate development and private equity firm Bayshore Grove Capital, led by 40-year real estate industry veteran Vivian Dimond. Bayshore Grove Capital’s portfolio of luxury residential, hospitality, commercial and retail properties stretch from Miami throughout the state of Florida, and the firm currently has 1,500 residential units in its development pipeline. Tula is a joint venture of Bayshore Grove Capital and Pacific & Orient Properties.

Tula will feature 54 residences, none smaller than two bedrooms, and each with substantial private outdoor space and dramatic water views. 6 iconic penthouses, with sprawling layouts and multiple private outdoor entertaining areas, will be unprecedented for North Bay Village.

Two-bedroom units start at $1.995 million, three bedrooms start at $2.995 million and the five-bedroom penthouses start at $5.995 million. Sales at Tula will launch this spring and be led by a Brown Harris Stevens team including Ellis Bachman (formerly of Douglas Elliman’s EklundGomes Team), Pedro Cuberos and Madison Napoles.

Perfectly situated in Biscayne Bay at the midpoint between Miami and Miami Beach, the tiny three-island city of North Bay Village covers 525 scenic acres and commands stunning views of the city, bay and ocean. As South Florida has undergone major transformation and growth recently, North Bay Village stands to benefit, with hotels, retail, office space and new luxury condominiums all under construction and in development. Tula’s head start will make it the first new residential tower to be completed and an investment that will grow with North Bay Village.

The sculptural form and elevated architecture of Tula is designed by Miami-based practice M77R (‘matter’), known for its award-winning modern design projects including luxury single-family homes in Miami Beach and Golden Beach, as well as work in Los Angeles and Austin.

Inside, the residences will highlight natural and organic materials and be a study in the confluence of quiet comfort and refined living. Interiors are by SFD, the boutique design practice founded by former Rockwell Group and Elkus Manfredi designer Shannon Farrell, whose work has appeared in the New York Times, Metropolis, Surface, and Dwell.

Bayshore Grove Capital is the sole managing partner of the LLC that owns the property at 7918 West Drive. Pacific & Orient is a joint venture partner in the development and is not involved in the construction, development nor sales.

Renderings via Bloom Images

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MG Developer and Prosper Group Acquire Waterfront Land For Mixed-Use Project in North Bay Village For $30.9 Million

MG Developer, led by Alirio Torrealba, in partnership with Prosper Group, led by Jay Roberts, acquired a development site for a mixed-use project on North Bay Village for $30.9 million. The acquisition includes two waterfront parcels totaling 42,750 square feet located at 1681 & 1725 Kennedy Causeway. The project is currently in the planning stages and is expected to break ground in 2027 and be completed by 2029. The acquisition and development plans mark MG Developer’s expansion into new communities and commercial real estate product types.

“We are thrilled to embark on this partnership with Prosper Group, whose mission aligns perfectly with our dedication to developing communities that meet the needs of modern living,” said Alirio Torrealba, CEO of MG Developer. “Our expansion in South Florida is a testament to our commitment in enhancing vibrant neighborhoods, and we’re excited to contribute to North Bay Village’s transformation.”

The new development will feature 147 condominiums, offering one-, two-, and three-bedroom residences. In addition to luxury residences, the project will include restaurants and retail spaces designed to create a dynamic community hub that elevates the area’s appeal. With a focus on modern, resort-style amenities, the project aims to redefine urban living along the Kennedy Causeway.

“We’re excited to join forces with MG Developer, whose growth and experience in the region are unmatched,” said Jay Roberts, CEO of Prosper Group. “This development will undoubtedly become a premier destination, and we are eager to bring our expertise and international designers to create a vibrant community that will attract residents from across the globe.”

Pagani Residences Reveals New Kitchen And Bathroom Interior Renderings

Riviera Horizons has revealed a first look at the kitchens and bathrooms at Pagani Residences Miami with a new set of interior renderings showcasing the luxurious interiors by A++, curated by Pagani Arte, the newly established Made in Italy interior design division. Potential buyers can choose from over 16 design elements, including 4 countertop options, 2 flooring styles, and 2 cabinetry choices. Every detail is thoughtfully designed to harmonize art and functionality, ensuring a truly exceptional living space. Pagani is a brand known for exclusivity, “stealth-wealth” characteristics and handcrafted quality. Just as no two Pagani cars are identical, each featuring unique aesthetic details and customizations, Pagani Residences offers unparalleled customization options for your kitchen or bathroom.

Miami’s first-ever Hypercar branded building, Pagani Residences will offer 70 handcrafted, waterfront residences with prices starting at $2.4 million on Miami’s North Bay Village. Pagani Automobili is a luxury brand renowned for its exquisite quality, unique engineering, and tailor-made handcrafted Hypercars, which stand among the most desired in the world. Completion is slated in 2027 with Fortune Development Sales leading sales and marketing for the project.

Located at 7940 West Drive, North Bay Village, the 28-story, amenity-rich property designed by Revuelta Architecture will offer 70, all corner residences. The spacious, two-to-four-bedroom homes range from 2,000 to over 3,300 square feet with expansive outdoor terrace spaces ranging from over 800 to 1,040 square feet, with only four residences per floor, making privacy paramount. Penthouses span from 6,900 square feet with up to 4,400 square feet of outdoor living. Each home will be entirely customized and fully finished with 11-foot ceilings in all residences with waterfront-facing outdoor spaces and 13-foot ceilings in the penthouses with private pools.

Pagani Residences will include an exquisite collection of amenities including a 240-foot waterfront boardwalk and private boat slips. Owners will enjoy 24/7 concierge service to anticipate every need. On the ground floor residents’ amenities include valet parking and porte-cochere, a pet spa, bicycle, paddleboard and kayak storage, 24/7 security, private garages available for purchase and preferred parking. To take maximum benefit of the stunning peninsula location surrounded by waterfront views, a private residents lounge is ensconced on level eight along with a library, and media room.

A collection of wellness amenities awaits residents on level 27 with a state-of-the-art fitness center, advanced cardio training, dedicated Pilates and yoga studios, spa with stunning views of Biscayne Bay, sauna and steam rooms, and private treatment rooms as well as a restorative wellness lounge.

A rooftop pool and sky lounge on level 28 offer stunning 360-degree views of the Atlantic Ocean and Biscayne Bay, poolside cabanas and hot and cold plunges. Fully appointed summer kitchens with chef’s grills complete the package for alfresco, poolside dining.

For more information about Pagani Residences Miami or to inquire about purchasing a unit please fill out the form below: