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

For more information about Continuum Club & Residences or to inquire about purchasing a unit please fill out the form below:

The Continuum Company Launches La Baia North in Bay Harbor Islands

The Continuum Company has officially launched sales for La Baia North, a new luxury, boutique bayfront condominium in Miami’s exclusive Bay Harbor Islands. This project marks the latest in Miami for New York visionary and developer Ian Bruce Eichner, who is well known for developing the Continuum South Beach in Miami Beach’s exclusive South of Fifth neighborhood. The new luxury waterfront development will offer 57 expansive two-to-four bedroom residences, spanning between 1,400 to 2,100 square feet and starting at $1.3 million with boat slips also be available for purchase.

Bay Harbor Islands serves as the serene residential destination for discerning buyers seeking a calm and balanced approach to life. With the neighborhood itself separated from the bustle of the nearby metro of Miami, the city's numerous attractions are still within a short drive including premiere shopping and the beach, showcasing the best of both worlds. Due to its ideal waterfront location, La Baia North is designed for premiere outdoor entertainment and enjoyment. Complete with private boat slips along Indian Creek Waterway, the development offers 20,000 square feet of resort-style outdoor amenities, including over 8,500 square feet of lavish landscaping and open green spaces, an expansive poolside sundeck, heated soaking spas, and a sunset lounge with an accompanying fire pit. Additionally, La Baia North caters to those buyers with families looking for entertainment for their children, offering extensive family-friendly amenities including rooftop kids’ splash pad, dedicated kids’ play lawn, kids’ rooftop grill station for outdoor dining, kids’ rooftop hanging nest swings, dedicated study pod areas ideal for homework or tutoring, and outdoor rooftop kids’ tents.

“We are confident that La Baia will transform Bay Harbor Islands by bringing this new type of luxury to the area, an area with extensive untapped potential,” said Ian Bruce Eichner, founder of The Continuum Company. “The success of our South tower makes it evident that buyers are craving this type of elevated, waterfront product and we are thrilled to bring the North tower to market with its own added flair.”

The Continuum Company experienced great success with La Baia South, which launched sales in October and sold out in under six months. La Baia’s serene cove-like setting, well-appointed resort-style amenities, and spacious, airy feel contributed to the extraordinary sales velocity, outperforming the competition in the area's luxury condominium market. Buyers from the Northeast and other major metropolitans see the value the Bay Harbor neighborhood brings and are betting big on its future.

“Bay Harbor Islands is a prime real estate location for buyers looking for an escape and adventure all at the same time,” says Philip Gutman, President of PGutman LLC, who is leading sales for the development. “We are incredibly excited to bring the next iteration of the La Baia brand with our North tower to this particular vibrant, private community, and we anticipate it will transform the way we understand and experience luxury waterfront living.”

Offering the best-in-class residential destination, the exceptional development features architecture by the internationally acclaimed Luis Revuelta, landscapes and pool design by the renowned C. Wright Studios, interiors curated by Durukan Design, built by Suffolk Construction. The residences, with expansive floor plan choices, boast spacious private terraces with clear glass railings for unobstructed views, and a separate den/home office area for lounging and convenient remote working space.

Additional amenities at La Baia North include: dock-side pick-up and drop-off area; a 9,700 square foot rooftop amenity deck; residents’ Tesla program; two-hour access to drive a Tesla via the EV Mobility App; water sports launch dock with kayaks, inflatables and paddleboards; and more.

The project is slated to break ground Q4 of 2022.