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.

Images via Tula Residences

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Development Spotlight: Tula Residences North Bay Village

Few emerging waterfront communities in South Florida are experiencing as much transformation as North Bay Village. Positioned between Miami and Miami Beach, the three-island community is quickly evolving into one of the region's next luxury residential destinations, attracting a new generation of boutique waterfront developments.

Among the projects helping define that evolution is Tula Residences, a refined collection of just 54 luxury homes overlooking Biscayne Bay. Developed by Bayshore Grove Capital in partnership with Pacific & Orient Properties, the 21-story tower combines contemporary architecture, expansive corner residences, and wellness-focused amenities within an intimate waterfront setting. As construction progresses, Tula represents both the resurgence of a long-anticipated project and the continued emergence of North Bay Village as one of South Florida's most compelling luxury real estate markets. The tower is already under construction with an expected completion in 2027.

Project Overview

As North Bay Village enters a new era of waterfront redevelopment, Tula Residences is helping define its future. Rising directly on Biscayne Bay at 7918 West Drive, the boutique condominium introduces 54 luxury residences within a thoughtfully designed 21-story tower that blends privacy, architecture, and wellness-focused living.

Developed by Bayshore Grove Capital in partnership with Pacific & Orient Properties, Tula is one of the first new luxury condominium developments to move forward in North Bay Village in more than a decade. With construction actively underway, the project represents an important milestone in the transformation of the three-island community into one of South Florida's emerging luxury waterfront destinations.

Why It Matters

North Bay Village has quietly become one of South Florida's most closely watched redevelopment markets. Positioned between Miami and Miami Beach, the island community offers waterfront living with exceptional accessibility while remaining significantly more intimate than many neighboring luxury markets.

Tula arrives at a pivotal moment for the neighborhood, introducing boutique-scale luxury residences that emphasize spacious floor plans, expansive outdoor living, and panoramic Biscayne Bay views. As one of the first new condominium developments to advance during the area's renaissance, the project is helping establish a new benchmark for residential design and quality in North Bay Village.

Architecture & Design

Designed by M77R (Matter), Tula embraces contemporary waterfront architecture through soft curves, expansive glass, and sculptural wraparound terraces that maximize views from every residence.

The building's distinctive "corner-only" floor plan ensures abundant natural light and panoramic exposures throughout while creating a more private residential experience with only four residences per typical floor.

Interiors by Shannon Farrell Design feature warm natural materials, refined detailing, and an understated palette inspired by coastal living. Kitchens showcase marble countertops and backsplashes, bespoke millwork, and fully integrated Miele appliances, while primary bathrooms feature sculptural stone finishes, custom vanities, and spa-inspired detailing.

Residences

Tula offers an exclusive collection of just 54 residences, including six penthouses occupying the tower's upper levels. Pricing starts at $1.9 million with sales overseen by Brown Harris Stevens.

Residence highlights include:

• Two-bedroom, two-bedroom plus den, and three-bedroom residences

• Approximately 1,590 to 2,440 square feet

• Six penthouses ranging from approximately 3,700 to 4,140 square feet

• All residences are corner homes

• Expansive wraparound glass terraces

• 10-foot ceilings

• Floor-to-ceiling windows

• Custom European flooring

• Fully integrated Miele appliance packages

• Walk-in laundry rooms

• Panoramic Biscayne Bay, city and ocean views where available

Amenities

Designed around wellness and everyday waterfront living, Tula's amenity collection balances relaxation, entertainment, and hospitality.

Amenities include:

• Resort-style waterfront pool with landscaped deck and private cabanas

• Grand lobby with 24-hour concierge

• Residents' lounge overlooking Biscayne Bay

• Private dining room with warming kitchen

• State-of-the-art fitness center

• Wellness center

• Media room

• Dog spa

• Bayfront promenade access

• Skyline club room and gathering spaces

Location

Located at 7918 West Drive on Harbor Island, Tula enjoys a prime waterfront setting in North Bay Village with direct Biscayne Bay frontage.

Residents are minutes from Miami Beach, Bal Harbour, the Design District, Midtown Miami, Wynwood, Downtown Miami, and Miami International Airport while enjoying a quieter residential setting that has become increasingly attractive to luxury buyers seeking waterfront living with convenient regional access.

Team

Tula Residences is developed by Bayshore Grove Capital, led by Vivian Dimond, in partnership with Pacific & Orient Properties. The project represents the revitalization of a previously stalled development and reflects Bayshore Grove Capital's vision of delivering a boutique luxury waterfront community that complements North Bay Village's ongoing evolution.

Tula Residences features architecture by M77R (Matter), interiors by Shannon Farrell Design, and landscape architecture by H.L. Martin Landscape Architects. Exclusive sales are led by Brown Harris Stevens Development Sales.

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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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Pacific & Orient Properties, LLC Celebrates Construction Milestones for 7918 West Drive in Miami’s North Bay Village

7918 West Drive, a 21-story, 54-residence waterfront condominium development in Miami’s North Bay Village, has passed significant milestones in construction as the building’s foundation through third level are now complete with significant progress completed on the parking garage. Additionally, concrete has been poured on the 6th level as well as the verticals (columns and shear walls). The foundation for the south section of the parking garage is completed as well. The estimated completion date for the development is the first half of 2025. 7918 West Drive is being developed by Pacific & Orient Properties, LLC.

“The meticulous planning and execution of the construction process have been instrumental in achieving this milestone,” said Chan Thye Seng, CEO and Managing Director of Pacific & Orient Properties, LLC. “We are excited to be a part of the rediscovery that is happening in North Bay Village and to redefine the standards of waterfront living in North Bay Village.”

Thornton Residential is the general contractor, and Juan Azulay, founder and director of MTTR mgmt, is the project architect. The building’s lobby features the design of ONE DESIGNS Co. Ltd, a Tokyo-based multidisciplinary architectural design firm. For those seeking a home that simply redefines attention to detail, the firm includes architectural designers and first-class certified architects who bring the expertise of Japanese construction and interior design.

7918 West Drive is the firs new residential project to break ground in North Bay Village in over a decade and is uniquely designed, offering cutting-edge technology throughout. Since its groundbreaking ceremony in February 2023, the development has been making impressive strides, solidifying its position as a symbol of architectural excellence in South Florida due to its exceptional design and meticulous attention to detail.

7918 West Drive is a collection of dramatic residences, where east meets west. Aerial views show the distinctive architecture and landscape elements that define every floor plan and each unit, respectively. Its combination of Japanese-inspired culture, spectacular design and modern, high-tech living sets the project apart from the rest. The community offers a Zen Garden, yoga space and water elements to create an indoor-outdoor feel.

Kitchens will feature modern cabinetry by SieMatic, premium countertops and surfaces by Cosentino, and quality Miele appliances. Residences will also feature Hansgrohe and Kohler plumbing fixtures. In addition, 7918 West Drive’s advanced technology will include customized software automatization for the latest in privacy, security and convenience.

Situated on a 33,600-square-foot lot on the Intracoastal Waterway, 7918 West Drive will feature 15,224 square feet of common areas, 148 parking spaces and 16 storage units.

Residences are priced from $2 million to over $17 million and range in size from 1,677-7,086 square feet total, each residence will feature a minimum of two bedrooms, with at least two view exposures to Biscayne Bay. With only four units per floor, all residences are corner units with each balcony having an irregular shape and irregular ceiling shape, providing partially shaded and partially sunny areas.

The combination of a thriving neighborhood, proximity to major cities, and serene waterfront living make North Bay Village and 7918 West Drive a highly desirable location for those seeking a luxury condo in South Florida.

Pacific & Orient Properties Reveals And Breaks Ground On Japanese-Inspired 7918 West Drive North Bay Village Luxury Condo

Pacific & Orient Properties, LLC has revealed and broken ground on the limited edition Japanese-inspired 7918 West Drive, the first luxury waterfront condominium to break ground in North Bay Village in over a decade. Located at 7918 West Drive, the 21-story, 54-residence elegant waterfront condominium development is both uniquely designed and technologically advanced. 7918 West Drive is developed by Pacific & Orient Properties, LLC, a subsidiary of Kuala Lumpur-based Pacific & Orient Berhad. The estimated completion date for the development is March of 2025.

Situated on a 33,600-square-foot lot in North Bay Village, 7918 West Drive sits on the Intracoastal Waterway between El Portal and Normandy Isles. Surrounded by water near a natural preserve, it is located directly on Biscayne Bay and close to both Biscayne Blvd as well as Miami Beach. 7918 West Drive’s advanced technology will include customized software automatization for the latest in privacy, security and convenience. Each unit will feature a high-speed fiber internet IT control center.

A limited edition contemporary development, 7918 West Drive features panoramic views: North Bay Village and Biscayne Bay to the east, a public park to the north, low buildings to the south and uninterrupted water views to the west.

“A chic, serene retreat, 7918 is situated just far enough away from the hustle and bustle of the city, yet centrally located to exciting attractions,” said Maurizio Pejoves, director of Pacific & Orient Properties. “Merging innovative design and luxury with advanced technology, it is an architectural masterpiece,” he continued.

World-renowned designer Juan Azulay, founder and director of MTTR mgmt, an award-winning creative practice, is the project architect. Using digital design parametric methodologies to optimize the building’s form, Azulay creates undulating panel forms, non-repeating intercut balconies that affect shadows and light lines of lower floor balconies, and an open area system ― a distinctive design that looks to the future.

The customized residences, ranging from 1,677–7,086 square feet total, will have a minimum of two bedrooms, with at least two view exposures to Biscayne Bay. All three-bedroom units will be corner units, and limited to four units per floor. The 3,661-square-foot penthouse will feature five bedrooms, five bathrooms, one half-bathroom, a 1,232-square-foot balcony, and more. None of the residences will be alike in terms of area, glass-line and balcony-interior layout relationships.

Residences will feature a state-of-the-art German Siematic kitchen with Cosentino/Dekton countertops, Miele appliances with mobile technology connection, and Hansgrohe and Kohler plumbing fixtures. Bathrooms will include Dekton finishes and countertops, Spanish quality finishes by Iberia, and an innovative Viega plumbing system. Large balconies will provide a relaxing “indoor-outdoor” lifestyle.

7918 West Drive will feature 15,224 square feet of common areas, 148 parking spaces and 34 storage units. The development will include a pedestrian walkway along Biscayne Bay. Amenities will include a swimming pool, fitness center, elevated garden, club room and state of the art fully equipped Chef’s kitchen.

Thornton Residential is the general contractor for the project. Thornton Residential has been servicing the South Florida region for the last two decades, continually working with some of South Florida’s largest clients; a testament to their quality work and ability to deliver great projects. Combined, they have constructed over $1 billion in the South Florida region. Their experience with various facility types has sharpened their skills, allowing them to understand how to quickly identify and resolve each project’s unique challenges.

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