EDEN Multifamily and The Dermot Company Reveal Plans For Downtown Miami Kobi Karp-Designed High-Rise Residential Project In District 11

Prolific Miami-based real estate development firm EDEN Multifamily has partnered with multifamily developer and investor The Dermot Company to bring a Class-A, luxury rental residential tower to downtown Miami’s Park West District 11. EDEN and Dermot plan to develop a 44-story, 430-unit high-rise designed by the award-winning architect Kobi Karp in one of the hottest residential and entertainment neighborhoods in the world. This development represents the first partnership between Miami-based EDEN and New York-based Dermot. Construction is expected to begin in 2024.

The project site is located at 1018 N. Miami Ave., immediately west of E11EVEN Hotel and Residences and just northwest of the Miami Worldcenter mixed-use $4 billion mega project. Plans call for 8,000 square feet of retail space on the tower’s ground floor. The building will also feature more than 25,000 square feet of indoor and outdoor amenity space, including a luxurious pool, fitness center, health-and-wellness areas, club rooms, coworking spaces and much more. The project will be designed, constructed, and operated to the latest ESG investment principles and standards for commercial real estate for resiliency and environmental certification.

The location, amid the preeminent Miami Park West district, allows for convenient access to the Brightline Train Station, which runs from Miami to West Palm Beach and soon to Orlando. Park West is adjacent to the Miami World Center district, which encompasses an area of approximately 24 acres of high-end residential and commercial development. While condominiums have constituted much of the housing inventory in the area to date, rental options have been limited.

“We are thrilled to team up with a best-in-class national partner like Dermot and help address the intense demand for luxury rentals in Miami’s urban core,” said EDEN Co-Founder Jay Jacobson who leads EDEN multifamily with Jay Massirman. “With this project, we aim to set the gold standard for multifamily high-rise quality and design in the downtown area.”

“We are proud to partner with EDEN on this residence that will transform the downtown Miami skyline,” said Dermot CEO Stephen Benjamin. “As we continue to build our portfolio in South Florida, aligning ourselves with such a respected and like-minded developer in the local market was a natural next step for us, and co-founders Jay Jacobson and Jay Massirman have one of the most impeccable records in the business.”

Greenberg Traurig is representing the joint venture in the land-use process. Jordan Karp LLC brokered the pending acquisition of the project site. The project is scheduled to be presented to the City of Miami’s Urban Development Review Board during its April 19 meeting.

Renderings via Kobi Karp Architecture & Interior Design and EDEN Multifamily

Eden Appoints RKW Residential To Manage Lazul In North Miami Beach

RKW Residential has expanded their South Florida portfolio by taking over management and leasing of Lazul, EDEN Multifamily’s luxury apartment community. Lazul, originally developed by EDEN, houses 349 apartments and is located in the heart of North Miami Beach. The 8-story building ranges in apartment size offering studios, one-to-three bedrooms and even two-story townhomes.

“We had the opportunity to tour Lazul when it first opened and were blown away by the quality of the building, individual units and amenities,” RKW President Marcie Williams said. “RKW is thrilled to have the chance to play a direct role in the successful operation of this exceptional community. Lazul fills a void for high-end apartment product catering to professionals and families in North Miami Beach and nearby cities, including Aventura.”

RKW Residential will bring their expertise in multifamily management to Lazul through their technology, marketing and customer experience platforms. They have already secured 33 leases in the first five weeks of managing the new apartment community.

“Lazul is a crown jewel of our portfolio of successful urban infill multifamily developments,” said Jay Jacobson, President and COO of EDEN. “It is also an important catalyst for the City of North Miami Beach and its revitalized Town Center district. With a top-tier management company like RKW at the helm, Lazul is in great hands.” 

Lazul offers residents many amenities including a heated pool, elevated sundeck, fire pit, fitness center and dog walk. The residential community is also a short drive to Aventura, Sunny Isles and the beach. Lazul is located at 2145 Northeast 164th Street.