The Cove Residences, A Waterfront Collection, Officially Launches Sales and Breaks Ground in Edgewater

SB Development and Hazelton Capital Group have officially launched sales and broken ground on The Cove Residences, A Waterfront Collection, a 40-story boutique luxury development rising on the waterfront of Miami’s Edgewater neighborhood. Elevating life directly on Biscayne Bay, The Cove Residences features 134 one- to four-bedroom private condominiums, each featuring floor-to-ceiling glass, expansive wrap-around terraces, and interior finishes that emphasize natural textures and materials, blending indoor and outdoor living.

As The Cove Residences comes to market and reveals an enriched lifestyle centered on wellness, nature and exclusivity, the building is simultaneously celebrating its groundbreaking, an important construction milestone signifying certainty in the market. With a new sales gallery also opening, the project is rapidly gaining momentum as it advances toward an expected 2028 delivery.

“The Cove Residences will bring an important new residential offering to Edgewater: a highly personal, thoughtfully considered lifestyle connected to nature,” said Joseph Stern, Co-Founder and Principal at SB Development. “The residences deliver an intimate experience surrounded by the energy of the city while also immersing owners in the calm and serenity of Biscayne Bay. Striking this balance was crucial to our concept, and we’re excited to bring it to life.”

Perfectly positioned along the waterfront in Edgewater, one of Miami’s most sought-after neighborhoods, The Cove Residences offers thoughtful architecture and curated interiors at the highest level. Kobi Karp Architecture & Interior Design and Dieguez Fridman Architects, two globally renowned design teams behind some of the most well-known residential and hospitality projects across Miami, New York, and Latin America, collaborated on a design that complements the building’s waterfront setting. They introduce spacious floor plans overlooking unobstructed sunrise and sunset views, with finishes including custom kitchens, spa-like baths, and tailored details throughout. Starting prices are in the $900,000s.

“There are limited opportunities to live directly on the waterfront in Miami, so The Cove Residences emphasizes its enviable location in Edgewater, providing both park and direct water frontage and sitting just 25 feet from the seawall,” said Adam Westreich, Principal at Hazelton Capital Group. “This is a very special site, and we’ve designed a privileged residential experience that showcases that and aligns with how people want to live today.”

The building’s amenity collection reflects this philosophy. The program includes a waterfront infinity pool, a state-of-the-art fitness center, dedicated wellness spaces, shared work areas, a game and billiards lounge, and a grand theater. Residents will also benefit from a premium healthcare concierge focused on long-term wellbeing, along with on-demand car-sharing access that brings added ease to daily life. Complementing the project’s park and water frontage, a private docking amenity will offer rare direct bay access.

Leading the sales and marketing for The Cove Residences is the Eklund | Gomes team at Douglas Elliman Development. Following an initial presale campaign by One World Properties, which validated demand and established a strong foundation for success, the Eklund | Gomes team is building on this important groundwork to bring the project to completion. Backed by the full Douglas Elliman network, the team is significantly expanding the project’s buyer pool, leveraging a strong New York City presence and deep international reach.

“Edgewater has quickly become one of Miami’s most compelling waterfront neighborhoods, and opportunities like this are increasingly rare,” said Fredrik Eklund, who is leading sales at the project. “With just 134 oceanfront homes, we are thrilled to introduce The Cove Residences to buyers seeking a wellness and design-driven product directly on Biscayne Bay. This is a project that truly stands out in today’s market."

Located in the heart of Miami with convenient access to the Miami Design District, Wynwood, Downtown Miami and Miami Beach, Edgewater is one of the city’s most active luxury corridors. Residents are moments from Michelin-recognized restaurants and destination dining with waterfront spots such as Amara at Paraiso and Klaw, and a vibrant mix of cafés and galleries. The neighborhood is also adjacent to Miami’s cultural core, including the Pérez Art Museum, the Phillip and Patricia Frost Museum of Science, and the Adrienne Arsht Center.

The project’s groundbreaking comes on the heels of the project’s $170 million in construction and land financing from Bravo Property Trust and IDB. Kaufman Lynn Construction has been appointed as general contractor.

The new sales gallery located at 2935 Biscayne Blvd, Suite 100, Miami, FL 33137

Renderings via Metaform, a division of Conway | Photos via World Red Eye

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Mast Capital Breaks Ground On Second Phase Of Waterline Miami River Multifamily Development

A partnership between Mast Capital and global real estate investment firm AEW Capital Management has launched the second phase of Waterline Miami River, which will bring the full development to a combined 688 apartment units. The second phase will consist of 342 rental units on a 2.7-acre development site with over 400 feet of unobstructed water frontage along the Miami River. The joint venture has secured financing from Wells Fargo for the project’s construction set to begin in January 2022.

One of the early developers to recognize the Miami River’s potential as an active waterfront community, Mast Capital acquired its first piece of land along the riverfront in 2018, developing the initial phase of Waterline Miami River with AEW, and since then, the Miami River District has continued to thrive with restaurants, outdoor entertainment and residential living. Mast Capital delivered the first phase of Waterline Miami River, a 346-unit luxury multifamily community, in late 2020 and reached stabilization just eight months after its completion. 

The second phase will be comprised of studios, one-, two-, and three-bedroom units spanning approximately 280,000 rentable square feet and masterfully crafted community amenities. The project’s general contractor is Kaufman Lynn and the architect is Corwil Architects.

Residences will feature European kitchens, modular European closets, washer and dryer, private large balconies, premium quartz countertops, and stainless-steel appliances. Residents at Waterline Miami River will enjoy breathtaking views of the Miami River and the Downtown and Brickell skyline.

Amenities will include state-of-the-art fitness center, a one-acre park, a dog park and open recreational area, 24/7 package and dry-cleaning lockers, tech hub and flex office spaces for residents working remote, conference rooms, WiFi in social hubs, private access parking, pet spa with washing station, and secure bike room with repair station.

“The Miami River has long been seen as a working waterway, but it’s also becoming a thriving residential neighborhood. The population growth and strong demographics Miami is experiencing will continue to fuel growth along the riverfront,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “Since pre-leasing commenced at Waterline Miami River, we saw high demand for the apartment community given the lifestyle offerings in the surrounding neighborhood and strategic location near Miami’s thriving urban core. We are confident that phase two will experience similar demand given the need for additional rental housing and the increased desirability of the Miami River District.”

Waterline Miami River is located just half a mile south of the Miami Health District, which employs 45,000 and draws 160,000 annual visitors and is recognized as the second largest health district in the U.S., and within 1.5 miles of Downtown Miami and the Brickell Financial District.

According to the Miami River Commission, Miami River’s shorelines feature public river walks, nine major parks, five major hotels, over 11,910 new residential units, 25 restaurants and over a dozen boatyards, marinas and historic sites. There’s also an additional 6,667 approved units, five planned hotels with 1,200 new rooms and 22 planned restaurants in the works.