Naftali Group Expands Retail Offerings at JEM Private Residences with ITO•Kaya and SunLife Organics at Miami Worldcenter

JEM Private Residences, the highly anticipated luxury residential tower developed by globally recognized real estate development and investment firm Naftali Group, has announced the addition of ITO•Kaya, a new Japanese dining concept from the team behind ITO, the acclaimed omakase restaurant, along with SunLife Organics, a Malibu-born wellness café, to the building’s retail space. Together, these additions further elevate JEM’s curated lifestyle experience, bringing both wellness-driven offerings and a vibrant dining destination to Miami Worldcenter.

“Miami has evolved into a global destination for dining and lifestyle, and we wanted JEM to reflect that in a way that feels natural,” said Danielle Naftali, Executive Vice President of Marketing, Sales and Design at Naftali Group. “We’re curating the right mix by bringing in concepts like ITO•Kaya and SunLife Organics that people can easily enjoy every day.”

ITO•Kaya, a new concept from the team behind ITO, the acclaimed omakase restaurant with locations in New York and Las Vegas, is brought to life by hospitality group VCR Group in partnership with Chefs Masa Ito and Kevin Kim. VCR, led by partners David Rodolitz, Gary Vaynerchuk, Conor Hanlon, and Chef Josh Capon, is known for crafting experience-driven dining that blends culinary excellence with a strong sense of community, including the members-only Flyfish Club in New York City.

At JEM, ITO•Kaya will present a Japanese-inspired menu centered around shareable dishes, alongside nigiri, sashimi, and skewers, complemented by cocktails, sake, and Japanese whiskies. Designed to create a lively, social atmosphere, the restaurant will serve as both a neighborhood destination and an extension of JEM’s residential lifestyle, with service integrated into the building’s amenity deck and private residences. The concept reflects the development’s commitment to a more connected, experience-driven way of living.

"ITO•Kaya is a natural evolution of what we’ve built with ITO, bringing a more social, energetic format to the experience while maintaining the same level of quality and attention to detail,” said David Rodolitz, Founder and CEO of VCR Group. “Its location within the walkable Miami Worldcenter creates a unique opportunity to connect with both residents and the broader Miami community in a meaningful way."

"The menu is designed to be shared, featuring dishes that are bold, balanced, and crafted to enhance the overall dining experience,” said Chef Masa Ito, Michelin-starred Chef and Co-Founder of ITO. “It will offer a setting where guests can engage with the food in different ways, whether for a full dining experience or a more casual, spontaneous visit."

SunLife Organics, the Malibu-born wellness brand dedicated to promoting clean, nutrient-rich living, is known for its organic smoothies, superfood bowls, and thoughtfully sourced ingredients. Since its founding, the brand has cultivated a loyal following by emphasizing quality, community, and a holistic approach to wellness. The cafe will offer a health-forward, all-day menu for residents and visitors, serving both the amenity pool and surrounding areas, reflecting JEM’s commitment to making wellness a seamless part of everyday living.

“We’re excited to bring SunLife Organics to JEM in Downtown Miami and be part of residents’ everyday experience,” said Khalil Rafati, Founder of SunLife Organics. “Miami has become a true hub for wellness, and our focus on quality ingredients and feel-good offerings fits perfectly within the city’s vibrant, health-conscious lifestyle.”

Located in the heart of Miami Worldcenter, JEM Private Residences is designed as a next-generation luxury development that seamlessly integrates residential living with hospitality, wellness and dining. The project recently reached a major milestone with the completion of its podium level, marking its transition to vertical construction as it continues to take shape in one of Miami’s fastest-growing neighborhoods. Residents will enjoy access to over 30,000 square feet of amenities, including resort-style pools, state-of-the-art fitness and wellness facilities, and a range of social and entertainment spaces designed to foster connection and community. With the addition of SunLife Organics and ITO•Kaya, JEM continues to build upon its vision of delivering a carefully crafted environment where design, culture and hospitality converge.

The sales gallery is open daily and located in Miami Worldcenter at 110 NE 10th Street.

Renderings via Hayes Davidson

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Naftali Group Tops Off Podium Level at JEM Private Residences in Miami Worldcenter

National real estate development and investment firm Naftali Group has topped off of the podium level at JEM Private Residences in Downtown Miami. This milestone marks the completion of the 11th floor and signals a major step forward in the vertical construction of the 67-story luxury tower rising within Miami Worldcenter. Construction is overseen by Coastal Construction.

With this achievement, the structure transitions from the building’s foundation and parking levels to the residential tower above. With the lobby, retail and parking garage now complete, construction continues to advance upward toward the tower’s full height.

“This milestone speaks to our confidence behind JEM Private Residences and the incredible overall development and growth in Miami Worldcenter,” says Miki Naftali, Chairman and CEO of Naftali Group. “We are looking forward to delivering a remarkable residential tower in the heart of Downtown Miami with our commitment to high-quality design and craftsmanship, while offering an elevated living experience for residents at every level.”

Construction at JEM Private Residences is advancing at an impressive pace. The project broke ground in April 2024, less than six months after the project was introduced to the market, an unusually fast timeline for Miami real estate. That momentum has been fueled by strong buyer demand, including the recent international $8 million sale of Sky Villa 2 with Interiors by FENDI Casa, and further accelerated by Naftali Group securing $465 million in construction financing in 2025. The funding provides the capital to drive all phases of the project forward, reflecting strong institutional confidence and underscoring Naftali Group’s commitment and ability to deliver large-scale, design-driven residential developments in South Florida. Construction continues on schedule, with completion anticipated in Q4 2027.

Developed by Naftali Group and designed by Arquitectonica with interiors by Rockwell Group and landscape architecture by EDSA, JEM Private Residences will feature 273 luxury condominium residences ranging from studios to four-bedroom layouts, along with a limited collection of Sky Villas with Interiors by FENDI Casa at the crown of the building. Residences are intentionally positioned to begin on the 43rd floor to maximize views of the Miami skyline, Biscayne Bay and the Atlantic Ocean.

The sales gallery is open daily and located in Miami Worldcenter at 110 NE 10th Street.

Renderings via Hayes Davidson / Construction images via PROFILEmiami

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Naftali Group Debuts 'JEM in the Sky' as Art Basel Begins

Naftali Group kicked off Miami Art Week with an exclusive Art Basel preview on Tuesday, December 2, at the JEM Private Residences sales gallery in Miami Worldcenter, presenting the impressive new installation, “JEM in the Sky.” Guests were treated to cocktails and hors d’oeuvres as they observed the installation’s craftsmanship up close and captured photos before its lift. As evening turned to night, the installation rose into the skyline, revealing Miami’s newest “Jewel in the Sky” and delivering a highlight of Miami Art Week. The experience previewed what JEM Private Residences aims to bring to the heart of downtown: a new benchmark for refined living grounded in beauty, craftsmanship and cultural presence.

The installation was on display every evening from December 2 to December 7, allowing residents and visitors throughout the week to experience the glowing landmark and its dialogue with the city around it.

Developed by Naftali Group, JEM Private Residences is the jewel of downtown Miami, located within Miami Worldcenter. The residential tower will rise over 700 feet tall and span 67 stories, defining itself as a focal point within the city. Naftali Group has brought together a world-class team of architectural and design talent, including Miami-based Arquitectonica and the internationally renowned Rockwell Group. Spanning from studios to four-bedroom options, JEM Private Residences is the epitome of luxury in South Florida, with residences beginning from the 43rd floor, to ensure all residents experience picturesque city views of downtown Miami.

Located atop the 50th floor, JEM Private Residences offers an expansive suite of amenities, including a 60-foot outdoor pool, indoor Sky Lounge, state-of-the-art fitness center, boxing arena, yoga patio, spa suite with steam, salt, and sauna rooms, along with a co-working space and spirits tasting room for refined social experiences. The crowning jewel of the building will be the JEM Sky Villas with Interiors by FENDI Casa, a collection of luxury penthouses designed with signature FENDI Casa furnishings and designs.

Construction progress for JEM Private Residences is already underway. The project broke ground in April 2024, just under 6 months after bringing the project to market, which is atypical for the Miami real estate market. That momentum is reflected in the market as well, with sales moving at a strong pace, including the recent $8 million sale of Sky Villa 2 with Interiors by FENDI Casa. This move speaks to Naftali Group’s track record as a developer and underscores its confidence in the continued efforts to bring high-quality residential products to South Florida. The project is now rising past its sixth level and remains on track to be completed in Q4 of 2027.

As Naftali Group deepens its footprint across South Florida, the firm continues to expand beyond Miami with Viceroy Residences Fort Lauderdale. Ideally situated between Las Olas Boulevard and Flagler Village, Viceroy Residences Fort Lauderdale is the first Viceroy-branded luxury condominium in Fort Lauderdale and is set to redefine the South Florida residential scene with its hospitality-driven approach. With a collection of luxury residences and over 30,000 square feet of thoughtfully designed amenities and bespoke services, Viceroy Fort Lauderdale creates an unmatched urban oasis that sets a new standard for luxury living.

For more information or to schedule a private presentation, please contact the JEM Private Residences Miami Sales Gallery at info@thejem.com or visit thejem.com.

Images via Naftali Group

Naftali Group Secures $465 Million In Construction Financing for JEM Private Residences in Miami Worldcenter

Real estate development and investment firm Naftali Group has secured a combined $465 million in construction loan financing for the development of JEM Private Residences in Downtown Miami. Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, provided $235 million in C-PACE financing, while Bank Hapoalim (BHI) supplied an additional $230 million in traditional construction loans.

Located in the heart of Downtown Miami’s urban core within Miami Worldcenter, JEM Private Residences is a 67-story luxury tower designed by Arquitectonica and Rockwell Group, featuring 259 residences beginning on the 43rd floor, including exclusive Sky Villas with Interiors by FENDI Casa that crown the top of the development with the brand’s timeless aesthetic. Its 50th-floor amenity suite offers resort-style living with a 60-foot outdoor pool with a sculpture by Lorenzo Quinn, indoor Sky Lounge, state-of-the-art fitness center, boxing arena, yoga patio, spa suite with steam, salt, and sauna rooms, along with a co-working space and spirits tasting room for refined social experiences.

“Today, we closed the second phase of our construction loan while hundreds of construction workers are working hard on building our remarkable project in the heart of Miami Worldcenter,” said Miki Naftali, Chairman and CEO of Naftali Group. “Our JEM private residences offer quality second to none in one of the only walkable destinations in Miami with world-class retail, museum and cultural institutions, entertainment and incredible dining. It is the center of all major transportation, like the Brightline, Metrorail and the Miami International Airport. With JEM Private Residences, we’re bringing a new level of design, quality and attention to detail that defines our work, creating a building that will stand the test of time in the Miami skyline.”

Alexandra Cooley, CEO and Chief Investment Officer of Nuveen Green Capital, said, "It was an honor to partner with Naftali Group once again for this notable luxury property in downtown Miami. By leveraging C-PACE's low-cost, long-term financing and structuring flexibility, in combination with BHI’s senior construction loan, Naftali was able to finance their project cost-effectively. This record-setting transaction—the largest C-PACE-financed multifamily project to date in Florida—underscores the continued adoption of C-PACE by institutional borrowers to fund their large-scale projects.”

“South Florida remains a key market within BHI’s strategic growth plan, and partnering with developers who bring meaningful, lasting impact to the region is central to our approach,” said Ilana Druyan, Senior Vice President – Team Leader and Head of International Origination – CRE at BHI. “Naftali Group’s presence in Miami is growing, and we’re pleased to support their ongoing efforts to expand compelling inventory throughout the Miami market.”

Construction progress for JEM Private Residences is already underway. The project broke ground in April 2024, just under 6 months after bringing the project to market, which is atypical for the Miami real estate market. That momentum is reflected in the market as well, with sales moving at a strong pace, including the recent $8 million sale of Sky Villa 2 with Interiors by FENDI Casa. This move speaks to Naftali Group’s track record as a developer and underscores its confidence in the continued efforts to bring high-quality residential products to South Florida. The project is now rising past its sixth level and remains on track to be completed in Q4 of 2027.

Renderings via Hayes Davidson

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

Naftali Group Completes Foundation Pour For JEM Private Residences Miami in Miami Worldcenter

Naftali Group, a national real estate development and investment firm, has completed the foundation pour for JEM Private Residences Miami. The 8,400-cubic yard pour began May 30th and was expected to last approximately 18 hours and requiring 120 trucks making continuous trips to and from the concrete plant, totaling 840 loads of concrete. JEM Private Residences’ construction is being managed by Coastal Construction and is slated for completion in Q4 2027.

“The foundation pour marks a pivotal moment not only for JEM Private Residences Miami but for the continued momentum of Miami Worldcenter,” said Miki Naftali, Chairman and CEO of Naftali Group. “As one of the first residential towers to reach this milestone in the lifestyle destination this year, JEM is ushering both Downtown Miami and Miami Worldcenter’s high caliber of luxury living one step closer to becoming a reality. We’re proud to work with Coastal Construction to bring this project to life and continue the growth of this extraordinary area, which we are confident will represent a sophisticated urban oasis unlike any other.”

Rising over 700 feet in the heart of Downtown Miami, JEM Private Residences will be the crown jewel of the vibrant Miami Worldcenter. Developed by Naftali Group, this luxury condominium tower is a striking collaboration between world-renowned firms Arquitectonica and Rockwell Group. Featuring 278 condominium residences starting on the 43rd floor, each home offers sweeping views of the city skyline. The 50th floor amenity suite includes resort-style features such as an indoor Sky Lounge, a 60-foot outdoor pool, a state-of-the-art fitness center, a boxing arena, a mist garden, a yoga patio, and a spa suite, with a steam room, Himalayan salt room and sauna. Additional amenities include a thoughtfully designed co-working space, game room, glass-enclosed private dining area, and a refined spirits tasting room.

JEM Private Residences showcases a refined and timeless design that draws inspiration from the surrounding ocean landscape. The development’s wave-like architecture and wraparound terraces on each floor seamlessly blend indoor-outdoor living, and the interiors feature warm wood accents, lush greenery and calming textures to evoke a serene retreat within the bustling city. Fort Lauderdale-based ESDA is at the helm of the tower’s landscape architecture, elevating the ambiance of the development and creating a serene oasis in one of Miami’s most dynamic neighborhoods.

OneWorld Properties is the exclusive brokerage for JEM Private Residences Miami. The JEM Private Residences Miami sales gallery is located in Miami Worldcenter at 110 NE 10th Street.

Renderings via Hayes Davidson

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

Naftali Group Secures $40 Million C-PACE Financing Loan for JEM Private Residences in Downtown Miami's Miami Worldcenter

New York City and Miami-based real estate development and investment firm Naftali Group has secured a $40 million in C-PACE financing loan for the development of JEM Private Residences in Downtown Miami. The financing was provided by Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, the $1 trillion+ asset manager.

“Securing this C-PACE loan represents another major milestone for JEM Private Residences as we continue to bring this exciting project to fruition,” said Miki Naftali, Chairman and CEO of Naftali Group. “Building on the momentum of our record-breaking groundbreaking just five months after launching sales, we are thrilled to see the development progressing. We are looking forward to completing this fantastic project.”

C-PACE, which stands for Commercial Property Assessed Clean Energy, provides flexible financing solutions for sustainable commercial real estate projects. Available in 40 states and Washington D.C., C-PACE has grown rapidly as an attractive alternative financing solution within the commercial real estate market. C-PACE financing will be used to fund the building’s energy efficiency and resiliency measures, including envelope, lighting, structural materials, water efficiency measures, energy efficiency consulting, and elevator systems. Through C-PACE, the sponsor was able to reduce the blended cost of capital for the project.

Chris Lawton, Managing Director, Head of Originations, NGC, said, “We were honored to partner with Naftali Group to fund this impressive new development. By leveraging C-PACE’s accretive financing, the Sponsor was able to lower their project costs, while gaining liquidity during the early stages of development. This is an excellent example of C-PACE’s versatility and cost-efficiency.”

Located within Miami Worldcenter, JEM Private Residences is the jewel of Downtown Miami. The luxury condominium tower designed by world-renowned firms Arquitectonica and Rockwell Group will rise over 700 feet tall and span 67 stories, defining itself as a focal point within the city. The property offers 259 condominium residences beginning from the 43rd floor to ensure all residents experience picturesque city views of Downtown Miami. The 50th floor amenity suite includes resort-style amenities such as an indoor Sky Lounge, a 60-foot outdoor pool, a state-of-the-art fitness center, a boxing arena, a yoga patio, and a spa suite, with a steam room, salt room and sauna. Additionally, the property boasts a thoughtful co-working space and a spirits tasting room awaits for a refined social experience. JEM Private Residences is slated for completion in Q4 of 2027.

Renderings via Hayes Davidson

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

Naftali Group Reveals The JEM Sky Villas With Interiors by FENDI Casa at JEM Private Residences

National real estate developer Naftali Group has revealed JEM Sky Villas with Interiors by FENDI Casa, two luxury penthouses designed with signature FENDI Casa collections. Perched atop the luxurious JEM Private Residences in the heart of downtown Miami, these residences will seamlessly blend high fashion interior design with the art of living. OneWorld Properties is the exclusive brokerage for these exquisite sky villas, each priced from $8 million.

“We are excited about this special collaboration with FENDI Casa on the JEM Sky Villas. We look forward to bringing this limited collection of residences to downtown Miami,” said Miki Naftali, chairman and CEO of Naftali Group. “The JEM Sky Villas signify the evolving landscape of upscale living in this dynamic city, with each villa showcasing FENDI Casa's exceptional craftsmanship and meticulously designed furnishings at the crown of JEM Private Residences.”

The JEM Sky Villas with interiors by FENDI Casa offer spacious floor plans ranging from 5,083 to 5,277 square feet. Each villa includes four bedrooms, four and a half bathrooms, a library and a wraparound terrace, allowing residents to take in the breathtaking views of Miami's vibrant downtown and Biscayne Bay. One of the residences is also equipped with a hot tub adorning its expansive terrace. FENDI Casa's renowned blend of elegance and contemporary style is profound within the thoughtfully designed, beautifully furnished residences including luxurious materials and craftsmanship.

“Collaborating with FENDI Casa to design and curate each space at the JEM Sky Villas has been a remarkable experience of craftsmanship and creativity,” said Danielle Naftali, Executive Vice President of Marketing, Sales + Design for Naftali Group. “Inspired by FENDI’s rich heritage in Rome, with the FENDI Casa team we hand-selected and custom-finished each piece to complement the lifestyle that these residences offer. Every detail has been chosen to create a harmonious blend of high-end design and refined living, giving residents a truly unique and elevated experience in the heart of downtown Miami."

The custom nature of the designs was curated to provide a special experience for the JEM Sky Villas, symbolizing how each of the penthouses are truly unique like the ‘JEMs’ within the crown of the building. The details were carefully selected, down to each piece of fabric and finish. Showpieces like the FENDI Casa Matrice bookcase highlight bold, jewel-tone colors in a geometric, sophisticated style. Similar geometric design is also embodied in the Metropolis coffee table, a nod to the design of the FENDI headquarters in Rome. The end result of the collection is a timeless and authentic design, enhanced by the signature FENDI Casa look in each room.

“This partnership represents a significant milestone for FENDI Casa in the realm of interior design,” said Alberto da Passano, CEO of FENDI Casa, “as luxury projects gain prominence globally, we are excited to contribute to this prestigious development and continue our expansion into high-end markets.”

Developed by Naftali Group, JEM Private Residences is the jewel of Miami located within Miami Worldcenter. All the residential units are meticulously crafted condominium residences, the property will rise over 700 feet and offer residents the opportunity to live in a haven of contemporary luxury designed by world-renowned firms Arquitectonica and Rockwell Group. JEM Private Residences sets the bar for residential luxury in South Florida with residences positioned beginning from the 43rd floor to maximize views, superior craftsmanship adorning each inch of the property and an elevated suite of amenities intended to improve the overall living experience for residents. The 50th floor offers an amenity suite with an indoor Sky Lounge, outdoor pool, fitness center, boxing arena, yoga patio, and spa suite, providing residents with a luxurious and diverse array of spaces for relaxation, exercise, and leisure activities. The development is projected to be complete in Q4 of 2027.

Renderings via Hayes Davidson

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

Naftali Group Breaks Ground on JEM Private Residences in Miami Worldcenter

Naftali Group, a globally recognized real estate development and investment brand headed by visionary developer Miki Naftali, has broken ground on JEM Private Residences in Miami Worldcenter in Downtown Miami’s District 11. This dynamic condominium development is set to rise over 700’ tall and spanning 67 stories, is a landmark focal point within the city’s iconic Miami Worldcenter.

The groundbreaking of JEM Private Residences represents a significant milestone in Naftali Group’s expansion into Florida and is poised to set a new benchmark for quality product in South Florida. For over three decades, Naftali Group has developed exceptional properties that surpass the expectations of real estate consumers. From New York City to Singapore, their expertise is now extending into Miami, an international hub that promises great potential for growth. With offices in Miami and New York City, Naftali Group maintains its commitment to delivering quality, design and artistic excellence across its $15 billion portfolio which includes over 3 million square feet of development planned in South Florida.

Naftali Group has assembled a world-class collaboration between Miami-based architecture firm Arquitectonica and New York City-based interior design firm Rockwell Group, to create a chic and timeless design aesthetic for the tower. JEM Private Residences draws inspiration from the ocean landscape, with its wave-like architecture and wraparound terraces on each floor which seamlessly blend indoor and outdoor living. Wood accents and lush greenery convey a warm and inviting environment, establishing a serene oasis within the vibrant urban setting. Fort Lauderdale-based ESDA is at the helm of the tower’s landscape architecture, elevating the ambiance of the development.

OneWorld Properties has been selected as the exclusive sales and marketing brokerage for JEM Private Residences, with residences starting from the $540,000s. The development consists of 259 units ranging from studios to four-bedroom options and a collection of 10 penthouses at the crown of the tower, some of which will feature private outdoor hot tubs. Naftali Group strategically positioned the private residences to begin at the 43rd floor to maximize breathtaking views of the Miami skyline, Biscayne Bay and Atlantic Ocean.

“Our team is excited about being involved in the continued growth of Downtown Miami and its transformation into a global city,” says Peggy Olin, CEO of OneWorld Properties. “JEM Private Residences will not only provide an unparalleled range of amenities but will also benefit from its prime location within Miami Worldcenter, making them an unbeatable choice for future residents.”

JEM Private Residences, designed by Rockwell Group, boast meticulously crafted interiors. In the kitchens, bespoke millwork cabinetry and seamlessly integrated, panelized appliances are harmoniously paired with Calacatta stone countertops and backsplashes. The culinary experience is elevated with a curated array of Miele appliances, including an oak-paneled refrigerator, freezer, dishwasher, and a fully integrated wine refrigerator in select residences.

The primary bathrooms feature custom medicine cabinets with integrated lighting, storage, and open shelving, offering a perfect blend of functionality and luxury, and the countertops are crafted from honed Dolomite white slabs, complementing the white tiles on the floors and walls. Sleek vanity sink basins are adorned with polished nickel faucets. The showers boast mosaic floor tiles, stone niches, and both handheld and rain shower heads. In select residences, there is a freestanding soaking tub.

The JEM Private Residences’ lobby boasts custom-sculpted plaster walls, elegantly illuminated cove ceilings, and stone floors adorned with exquisite bronze accents. This inviting space is accessed through a fully serviced porte-cochere driveway enveloped by lush landscaping, offering a seamless transition from the vibrant energy of the city to the tranquility of home.

The 50th floor contains an amenity suite designed to compete with any high-end luxury hotel, offering a diverse array of meticulously curated indoor and outdoor spaces to cater to various activities. Inside, the inviting Sky Lounge showcases a feature fireplace, a bespoke stone bar, and cozy seating areas. Step outside to discover a generous 60-foot outdoor pool surrounded by cabanas, floating daybeds, and a captivating signature sculpture. The alfresco lounge is thoughtfully complemented by lush tropical landscaping, creating multiple seating pockets, while a serene sunken lounge area is nestled amidst tranquil reflection pools.

For those with active lifestyles, an indoor fitness center boasts state-of-the-art equipment and a private training/yoga studio. Additionally, residents can enjoy access to an outdoor fitness area, complete with a boxing arena and an adjacent yoga patio featuring a refreshing cold plunge pool and a serene mist garden. When relaxation calls, residents can unwind in the spa suite, which includes a sculptural dry sauna, a steam room, and a soothing pink Himalayan salt room.

Furthermore, the amenity offerings continue with a game room for leisurely activities, and the co-working space offers private nooks for productivity. Not to be overlooked is the glass-enclosed private dining room, providing direct access to the outdoor amenity deck. Lastly, for those desiring a refined social experience, a spirits tasting room awaits, adorned with sophisticated amber glass shelving and exquisite bronze decanter racks.

Founded by Miki Naftali, Naftali Group is a privately held real estate development and investment firm with over 30 years of experience, based in New York City with offices in Miami. Through innovation and discipline, Naftali is recognized as a leading developer with a current and past portfolio comprised of more than 35 projects encompassing more than $15 billion in total value. The company is a leader in developing residences that anticipate and exceed the needs of today’s most discerning real estate consumers and has a notable track record in leading landmark restorations, which it has brought to Florida. Naftali Group is highly specialized in identifying and acquiring undervalued properties in premier geographic areas with strong potential growth while maximizing the value of unique and irreplaceable assets. Naftali Group pursues strategic acquisitions and continuously grows its extensive portfolio of new development condominiums, income-producing, mixed-use properties, and other assets.

PROFILE Exclusive Podcast with Miki Naftali of Naftali Group Developer of JEM Residences Miami [Full YouTube Interview]

PROFILEmiami Co-Founder Demetri Demascus had the opportunity to sit down with legendary real estate developer and investor Miki Naftali of Naftali Group, to discuss his career and first project in Miami, the recently launched JEM Residences Miami. Miki Naftali is the Chairman and CEO of Naftali Group which he established in 2011. Over the course of his 35-year career in the global real estate industry, Miki has acquired, developed, and managed over $15 billion and 31 million SF in real estate assets across North America, Asia, Europe, and the Middle East. In New York City alone, he has assembled a seminal portfolio of 25 luxury condominiums encompassing over 1,900 residential units, as well other notable projects, including luxury apartment buildings and mixed-use properties.

Now, Miki has turned his sights on Miami where he recently launched JEM Residences Miami in Downtown Miami’s Miami Worldcenter neighborhood. This dynamic condominium development will rise over 700’ tall, 67 stories, and is set to become a landmark focal point within the city’s iconic Miami Worldcenter. JEM Residences Miami will feature 259 condominiums with a private 50th floor amenity suite designed to compete with any high-end luxury hotel, offering a diverse array of meticulously curated indoor and outdoor spaces to cater to various activities.

PROFILE Exclusive with Developer of Jem Residences Miami Miki Naftali of Naftali Group

PROFILEmiami had the opportunity to sit down with legendary real estate developer and investor Miki Naftali of Naftali Group to discuss his career and first project in Miami, the recently launched Jem Residences Miami. Miki Naftali is the Chairman and CEO of Naftali Group which he established in 2011. Over the course of his 35-year career in the global real estate industry, Miki has acquired, developed, and managed over $15 billion and 31 million SF in real estate assets across North America, Asia, Europe, and the Middle East. In New York City alone, he has assembled a seminal portfolio of 25 luxury condominiums encompassing over 1,900 residential units, as well other notable projects, including luxury apartment buildings and mixed-use properties.

Now, Miki has turned his sights on Miami where he recently launched JEM Residences Miami in Downtown Miami’s Miami Worldcenter neighborhood. This dynamic condominium development will rise over 700’ tall, 67 stories, and is set to become a landmark focal point within the city’s iconic Miami Worldcenter. JEM Residences Miami will feature 259 condominiums with a private 50th floor amenity suite designed to compete with any high-end luxury hotel, offering a diverse array of meticulously curated indoor and outdoor spaces to cater to various activities.

PROFILEmiami joined Miki at the Jem Residences Sales Gallery to learn about his career and why he set his sights on Miami to develop his next project:

[PROFILEmiami] Where did you grow up? Give us your background? How did you get involved in real estate? Tell us about your first deal?

[Miki Naftali] I moved to the U.S. in 1987 to attend the University of Southern California to pursue a degree in industrial engineering management. While going to school, I became a property manager in order to help pay my bills. My early exposure to real estate deals involved searching for rental buildings to purchase, a task I learned myself through a combination of on-the-ground exploration and common sense. My breakthrough came when I successfully identified a property for acquisition, earning my first real paycheck. I knew that I had found my passion. After spending time in Los Angeles, I returned to Israel in 1992, where I started to work as a project manager and quickly moved up the chain to senior project manager to later become CEO of a small real estate company working on various projects including residential, hotels and office buildings. My signature project at the time was a 44-story mixed-use tower in Tel Aviv, one of the tallest buildings in the city. In 2000, I made a pivotal move to New York, marking a significant chapter in my real estate career.

[PM] What was your first major development?

[MN] From 2000 to 2004 I developed several very successful residential projects in New York City. In 2004, I acquired the famous Plaza Hotel – a renowned New York landmark and one of the most recognizable brands worldwide – for $675 million. After a well-planned $450 million major gut renovation of the one million, 100-year-old building, The Plaza was transformed into the most luxurious mixed-use building. It includes 180 private residences which all sold at a record-breaking price, 152 hotel condominium suites for sale, 131 over-sized hotel rooms and 160,000 square feet of retail space that houses ultra-luxury boutiques and North America's first luxury food hall. The Plaza's world-famous interior venues were restored to their original grandeur, and the project was completed in late 2007.

[PM] When did you found Naftali Group? Give us the background on the firm.

[MN] In 2011, I founded Naftali Group after developing major projects in New York, Los Angeles, Toronto, Montreal, and Singapore as well as taking our Canadian arm public and serving as the chairman of the board. I decided it was time to start my own company and focus my energy and time on designing and developing great buildings that are financially sound, instead of splitting my time dealing with public markets. Naftali Group was founded with a passion to be the best in class. We work with the most talented designers, engineers, brokers, and in-house executives, always pushing the boundaries and standards, and delivering high-quality results in all different market types.

[PM] Naftali Group has built quite an impressive record in NYC, can you tell us what have been some of the keys to your success?

[MN] We have always stood by our product and provided the highest quality possible for each development we deliver. Our company builds projects with timeless designs and great locations based on buyer demand. We prioritize listening to our buyers and delivering on their needs. It’s a simple formula in theory, but few can make good on these promises. That is what sets us apart; the ability to consistently create quality projects, time after time. We also have a strong team that is meticulous and detail oriented. From conversion to ground-up new construction, we have a rare ability to bring together talented teams to realize ambitious goals. Ultimately, our customers are what matter the most. In one of the most competitive and advanced real estate markets in the world, our customers have chosen to buy and rent our apartments even before our projects are completed, which is a testament to the quality of our work.

[PM] When did Miami come on Naftali Group’s radar? Tell us about the acquisition of the JEM property.

[MN] The decision to invest in Miami aligns with our company's strategy of expanding into premier geographic areas with strong growth potential and creating "best in class" developments at various price points. Miami has evolved tremendously over the past few years and the buyers have become more sophisticated and are seeking a better-quality product in residential apartments. The goal is to bring the expertise gained from global markets to South Florida, invigorating neighborhoods and setting a high standard for quality real estate products in the region.

[PM] Why was Downtown Miami and Miami Worldcenter so attractive to you?

[MN] Miami Worldcenter, located in Downtown Miami, is a well-known international hub that offers excellent walkability, making it an ideal location for development. The area is home to many entertainment and cultural institutions, including the Kaseya Center, Adrienne Arsht Center, Perez Art Museum Miami, Museum Park, and the Frost Museum of Science. Additionally, the neighborhood boasts a diverse range of dining options, high-end shops, and iconic waterfront, making it an attractive destination for both visitors and residents. For those seeking an urban lifestyle, the neighborhood offers plenty of transportation options without the need for a car. JEM Private Residences, strategically located near Brightline's Miami Central Station and metro-mover, make it easy to travel to various cities in Florida within Miami and other parts of the state. The project is also less than 10 miles from Miami International Airport, making travel in and out of the city convenient.

[PM] Tell us about JEM Private Residences, what makes this tower so unique?

[NM] We have collaborated with some of the world's most talented architects and designers to create an extraordinary building in Miami. Arquitectonica leads the building's design, Rockwell Group handles the interiors, and EDSA manages the landscape. The development is an urban oasis that boasts exceptional quality, craftsmanship, and construction that will stand the test of time.

JEM Private Residences is a 67-story building with 259 units ranging from 469 to 2,052 square feet. The condos start at the 43rd floor, offering breathtaking views of the Miami skyline, Biscayne Bay, and Atlantic Ocean. The building's top floor comprises 10 penthouses, with some having their own private outdoor pools. Amenities include the JEM Club on the 50th floor, which features a Sky Deck with a 60-foot pool, jacuzzi, and custom sculpture.

[PM] How is developing real estate in Miami different from New York City?

[MN] I joke that we thought it was difficult to get approvals and permits in New York, but Miami is even more difficult. Jokes aside, there are very different pre-construction processes in New York than Miami. The obvious is that we are able to sell much earlier in the process in Florida, which has allowed us to be creative and work alongside incredible partners here locally. While there are differences, what we do see is a shift in the type of product we are delivering in Miami. As more and more buyers come from New York to Florida, we want to be able to provide a product that appeals to the New York and international buyer. This is what has influenced our unit mix and make-up of this mixed-use development.

[PM] Your daughter Danielle works with you in an EVP role overseeing marketing and design, how special is it to share that family/work relationship?

[MN] Danielle learned the business from the bottom up, starting as a receptionist, moving to an administrative assistant in one of our sales offices, and learning every trick of the trade along the way before becoming our Executive Vice President of Marketing and Design. She is highly motivated, hard-working, and keeps pushing the quality of our work, so yes, it is special and rewarding to see the growth over time and it’s very helpful because I have more time to grow the business.

[PM] Besides real estate and work, tell us about some of your other hobbies?

[MN] Family and boating are my passions. I love being on the water, it is the only place I can relax.

[PM] Where can we find you in your day off? (Favorite restaurant, country club, boat, etc)

[MN] My days off are for either family or spending time on the water.

Image via PROFILEmiami | Renderings via Hayes Davidson