Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development

A joint venture between Miami-based development company Prosper Group, led by CEO Jay Roberts, and Belgium’s Versluys Group, one of Europe’s leading luxury property developers, led by CEO Bart Versluys, have closed on a three-parcel assemblage for $50 million. Miami-based Vaster provided a $30.5 million acquisition loan.

The assemblage is located at 66 SW 6th Street, 625 SW 1st Avenue, and includes a riverfront parcel that was previous part of 99 SW 7th Street that has yet to be assigned an address. The one-acre assemblage will pave the way for an upcoming ultra-luxury $650 million waterfront residential tower on the Miami River in Brickell. The off-market site was acquired from Two Roads Development and Newgard Development Group.

The closing follows Prosper Group's partnership announcement with Versluys Group to deliver a $650 million, 60-story tower, which will feature 181 residences and more than 300 feet of direct river frontage.

“We are one step closer to bringing our vision for this development to fruition,” said Jay Roberts, CEO of Prosper Group. “With their deep local roots in Miami and exceptional agility, Vaster proved to be the ideal partner, ensuring a completely seamless execution for this transaction. Prosper Group and Versluys Group look forward to unveiling more about our project on one of the last waterfront sites in Brickell, Miami’s financial district and urban core."

“This closing marks a defining milestone for Versluys Group as we bring our European heritage of craftsmanship to Miami's waterfront," said Bart Versluys, CEO of Versluys Group. "For over a century, we have shaped the Belgian and Dutch coastline with architecture built for generations and we bring that same discipline to the Miami River. Alongside Prosper Group, we will craft world-class residences that embody a unique combination of American ambition and vision with European finesse and style."

Situated directly on the Miami River, the development will offer immediate access to Brickell’s urban core, including the dining, retail, and entertainment at Brickell City Centre. Waterfront access will provide direct connectivity to Biscayne Bay and Miami’s broader boating network, while proximity to I-95, Miami International Airport, and Brightline will connect residents to destinations across South Florida and beyond.

Images via Prosper Group and Versluys Group

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Related Group and BH Group Break Ground on Icon Beach Waterfront Residences in Hollywood

Hollywood's rise as one of South Florida's most coveted coastal destinations takes a defining step forward today with the official groundbreaking of Icon Beach Waterfront Residences. Developed by Related Group and BH Group, the 38-story, 350-residence tower rises above a shoreline perfectly situated between Miami and Fort Lauderdale, delivering a rare dual-water lifestyle anchored by a private 32-slip marina and resident-exclusive beach club at a price point that remains among the most compelling on South Florida's coastline.

The groundbreaking follows the recent closing of a $360 million construction loan from Tyko Capital, underscoring institutional confidence in both the Hollywood market and the development team behind it. With completion anticipated in 2028, the vision is rapidly coming to fruition.

“For years, Hollywood existed in the shadow of South Florida's more established coastal destinations. Not anymore,” said Nick Pérez, President of Related Group's Condominium Division. “The city is experiencing a remarkable transformation, and what we're building here is a direct reflection of that momentum. Today, we’ve started work on a destination where exceptional design, resort-inspired amenities and an unparalleled waterfront lifestyle come together for buyers who expect the very best and see Hollywood as the place to find it."

Positioned between the Atlantic Ocean and the Intracoastal Waterway, Icon Beach places residents at the center of South Florida's most extraordinary natural assets. With panoramic views stretching from sunrise over the ocean to sunset across the Intracoastal, the tower is crafted to celebrate water at every turn.

Envisioned by Cohen Freedman Encinosa & Associates with interiors by the award-winning Meyer Davis and landscape architecture by Witkin Hults + Partners, the development offers one- to three-bedroom residences spanning 948 to 2,580 square feet along one of South Florida's most sought-after stretches of coastline. Open-concept floor plans, floor-to-ceiling glass and oversized sliding doors open onto generous private terraces where the horizon stretches in every direction.

Primary suites offer a serene counterpoint, with spacious walk-in closets, spa-style bathrooms and soaking tubs appointed with fixtures from Kohler and Hansgrohe that transform everyday routines into something worth savoring. Kitchens are outfitted for both form and function with custom Italian cabinetry, large center islands and imported porcelain countertops in two curated finishes, paired with a premium suite of Bosch and Thermador appliances that bring a chef-inspired sensibility to every meal.

"What makes Icon Beach special isn't just its location, but how deeply the building is connected to the water around it," said Isaac Toledano, Founder of BH Group. "That philosophy extends from the residences themselves to the private marina, the exclusive beach club and the resort-style amenities designed around life on the water. The intention behind every detail is felt from every angle and there is simply nothing else in the market that comes close."

At Icon Beach, 40,000 square feet of amenity space unfolds around a single organizing principle: life is better on the water. The sparkling resort-style pool with sun shelf serves as the social heart of the property, flanked by stylish private cabanas and a tranquil spa and wellness center complete with cold plunge, steam room and Jacuzzi. A state-of-the-art 3,000-square-foot health club, equipped with advanced cardio and weight training equipment and dedicated yoga rooms, ensures that wellness is never more than an elevator ride away.

Beyond the pool deck, an outdoor cinema, sunset yoga lawn, summer kitchens and a reservable event space overlooking the Intracoastal Waterway create a setting that shifts effortlessly from a quiet morning to an evening among friends. A residents' gathering lounge and alfresco cocktail bar round out an amenity program conceived for every hour of the day.

Access to a private marina and a full-service beach club extend the Icon Beach lifestyle to the open ocean and Hollywood's beautiful shoreline. A dedicated concierge, 24-hour front desk, valet and security team ensure that every arrival feels like a welcome, and every request is met without hesitation. Select works from the world-renowned Jorge M. Pérez Contemporary Art Collection are woven throughout the common areas, lending Icon Beach a cultural depth that runs as deep as its design.

Icon Beach arrives at a pivotal moment for Hollywood, which recently celebrated its centennial anniversary – a milestone that reflects its remarkable evolution from a quiet beachfront retreat into one of the most sought-after waterfront destinations in South Florida. The Diplomat Beach Resort, long a cornerstone of the city's hospitality identity, recently reopened after a transformation and rebranding as Signia by Hilton, signaling the caliber of investment now flowing into the market. The Broward County Convention Center continues to drive consistent business activity, while ongoing development along the Hollywood Beach Broadwalk and a wave of acclaimed restaurants moving north from Miami are reshaping the city's culinary and cultural landscape. Sophisticated buyers are increasingly drawn to Hollywood's rare combination of natural beauty and urban convenience, and Icon Beach is where that demand finds its answer.

Renderings via ARX Creative

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13th Floor Investments and Barings Break Ground on Final Phase of Miami's Link at Douglas Transit-Oriented Development with $134 Million Construction Loan

13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas, one of Miami’s largest and most transformative transit-oriented communities. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank. Located at 3070 SW 37th Avenue adjacent to Miami-Dade County's Douglas Road Metrorail Station, Crescendo will include 392 multifamily units and complete the 7-acre Link at Douglas mixed-use community, strategically positioned at the intersection of US-1 and Douglas Road between Coral Gables and Coconut Grove. Now under construction, the 37-story tower is expected to deliver in 2029.

Link at Douglas' first phase, which delivered in 2023, introduced two fully leased residential towers totaling 733 apartments, the 312-unit Core and 421-unit Cascade buildings, along with more than 30,000 square feet of retail space anchored by Milam's Market. The project's third residential tower, the 432-unit Cadence building, is currently under construction and expected to deliver in 2028. With the addition of Crescendo, Link at Douglas will encompass more than 1,500 residential units across four towers, fully realizing a long-term vision for a dynamic mixed-use community integrated with one of Miami-Dade County's most important transit hubs.

"Crescendo is far more than the final tower at Link at Douglas," said Daryl Shevin, Chief Financial Officer of 13th Floor Investments. "It represents the culmination of years of planning, investment, and partnership with Miami-Dade County to create a community that brings housing, retail, and transit together in one of Miami's most connected locations."

Developed in collaboration with Miami-Dade County and its Department of Transportation and Public Works, Link at Douglas has transformed publicly owned land surrounding the Douglas Road Metrorail Station into a mixed-use community that integrates housing, retail, and transit. As part of the original agreement, the development team invested more than $17 million in public infrastructure improvements, including a complete renovation of the Metrorail station and the creation of a public plaza connecting directly to The Underline linear park.

Barings has partnered with 13th Floor Investments on the development since breaking ground on Link at Douglas’ first residential tower in 2019 and has remained a key capital partner throughout the community's multi-phase evolution.

“We're proud to continue our partnership with 13th Floor Investments at Link at Douglas as the project enters its final phase,” said Chris Cassella, Managing Director at Barings. “Crescendo is the realization of a thoughtfully executed vision in one of Miami's most connected locations, and we're pleased to help bring the final piece of the community to life.”

The completion of Link at Douglas further advances 13th Floor Investments' transit-oriented development strategy across South Florida. The firm recently broke ground on Link at Boca, a mixed-use development adjacent to Boca Raton's Tri-Rail Station that will deliver 340 residential units and 24,000 square feet of retail space. The firm also plans to develop Link at SoMi, a two tower 670-unit multifamily community adjacent to the South Miami Metrorail Station that emphasizes walkable design and urban living near major employment and education hubs.

Since its founding in 2008, 13th Floor Investments has delivered more than 4,700 residential units across South Florida and currently has more than 4,800 units in development or under construction. Today, the firm is focused on the development of luxury residential and mixed-use multifamily communities, growing its industrial portfolio, and expanding its single-family homebuilding business, 13th Floor Homes.

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Constellation Group and The Boschetti Group Secure $67.5 Million Construction Loan For Cora Merrick Park

Constellation Group and The Boschetti Group announced the successful closing of a $67.5 million construction loan for Cora Merrick Park, a boutique residential condominium centered on wellness in Coral Gables. Located at 4241 Aurora Street in the heart of the exclusive Merrick Park neighborhood, Cora will deliver 74 thoughtfully designed residences that reflect a modern, wellness-oriented approach to living.

Located in one of Coral Gables’ most supply-constrained neighborhoods, the 74-residence project is designed to offer a more private, wellness-oriented residential experience within walking distance of premier shopping, dining and office destinations

Lender BHI provided the financing, which was arranged by a Berkadia Miami team led by Scott Wadler and Matt Nihan.

“This is an important milestone for CORA Merrick Park and the larger Coral Gables community” said Eduardo Otaola, Principal at Constellation Group. “Securing financing from BHI, a well-respected regional lender, is a strong validation of both the market opportunity and the differentiated vision behind Cora Merrick Park. In today’s financing environment, lender support at this level reflects confidence not only in the project itself, but also in the long-term strength of the Coral Gables market. With construction now underway, we believe Cora represents one of the most compelling new residential offerings in Coral Gables and a distinctive long-term addition to the neighborhood.”

With financing secured and construction underway, Cora Merrick Park continues to gain momentum as one of the few boutique condominium developments in Coral Gables actively under construction

Scott Wadler of Berkadia added, “In today’s more selective lending environment, capital is gravitating toward best-in-class sponsorship, irreplaceable locations and projects that clearly differentiate themselves – and Cora Merrick Park checks every box.”

Construction on Cora Merrick Park began in April and is expected to be completed in 2028.

Priced from the $900,000s to over $4 million for penthouse residences, Cora Merrick Park is designed by acclaimed architecture firm Arquitectonica with interiors by Urban Robot. The project is among the first condos in Miami seeking certification through the International WELL Building Institute (IWBI) WELL for residential program, an evidence-based, third-party certification aimed at creating healthier, more resilient homes.

With wellness programming overseen by Spanish wellness firm Lamarca Well – known for creating Madrid’s first wellness hub – amenities and operations at Cora Merrick Park are centered on biohacking and longevity, featuring advanced air and water purification systems, noise-reducing acoustic design, non-toxic building and cleaning materials, a fitness center with a dedicated recovery zone, and a spa with infrared sauna, steam room, contrast hydrotherapy pools and red-light therapy panels.

Residents will also enjoy a resort-style rooftop pool deck, yoga and meditation area, lobby tearoom and the first rooftop padel court in Coral Gables. Outside, an original sculpture by celebrated Catalan artist Jaume Plensa anchors a lush 5,000-square-foot park that the developer is donating to the City.

Cora Merrick Park offers 13 unique floor plans ranging from one-bedroom residences to expansive three-bedroom-plus-den penthouse homes. Residences feature 10-foot ceilings, Italkraft kitchens, Sub-Zero and Wolf appliances, designer stone countertops, custom porcelain flooring and spacious walk-in closets. Select residences also include expansive private lanais.

The project is directly across from Shops at Merrick Park and within walking distance of downtown Coral Gables and the Metrorail, providing convenient access to Coconut Grove, the University of Miami and Downtown Miami/Brickell. It is also located one block from 4225 Ponce, the recently completed Class A, boutique office building anchored by wealth management firm UBS, also developed by Constellation Group and The Boschetti Group.

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MG Developer and Vertical Developments Secure $100 Million Construction Loan for Alhambra Parc in Coral Gables

MG Developer and Vertical Developments have closed on a $100 million construction loan for Alhambra Parc, their landmark mixed-use development located in the heart of Coral Gables.

Developed by MG Developer and Vertical Developments, Alhambra Parc received financing from Benmark Capital, a real estate private equity firm based in Miami and New Jersey. Managing Director Scott Wadler and Vice President Bobby Dockerty of Berkadia led the transaction in securing the loan on behalf of MG Developer and Vertical Developments, with additional support from Berkadia Senior Managing Director Mitch Sinberg, and Managing Directors Matthew Robbins and Brad Williamson.

“Securing this financing is a clear demonstration of the strength of Alhambra Parc, the quality of the project, and the confidence our partners and financial institutions continue to place in our vision,” said Alirio Torrealba, CEO of MG Developer. “We are proud to advance another transformative project in Coral Gables, a city to which we have been deeply committed for more than a decade. Alhambra Parc reflects our belief that great developments should create lasting value for investors, residents, and the broader community. We are also fortunate to have Vertical Developments as a partner whose shared vision, professionalism, and expertise have been instrumental in bringing this project forward.”

The closing represents a significant milestone for Alhambra Parc and reinforces strong institutional confidence in the vision, execution, and long-term commitment to Coral Gables. It also marks MG Developer’s 10th project in the city, further solidifying the firm’s role as one of the most active and established developers in the market.

“This achievement marks a major milestone for Alhambra Parc and reflects our confidence in Coral Gables as one of South Florida’s most dynamic and resilient markets,” said Fernando de Nunez y Lugones, CEO of Vertical Developments. “With our headquarters in the city and several significant projects underway, we remain committed to creating destinations that contribute to the community’s long-term growth and vitality. It has also been a privilege to partner with MG Developer, whose deep market knowledge, proven track record, and commitment to excellence have been instrumental in advancing a project that will deliver lasting value for both residents and the city.”

“Alhambra Parc is the result of a shared vision between two organizations that firmly believe in creating exceptional communities,” added Torrealba. “MG Developer’s experience and track record in Coral Gables, combined with the reach, innovation, and institutional capabilities of Vertical Developments, have made it possible to create a project that will bring lasting value to the city and contribute positively to its evolution over the coming decades.”

Located at 33 Alhambra Circle, Alhambra Parc is a premier mixed-use development featuring 74 one-, two-, and three-bedroom luxury residences, 13,000 square feet of office space, and nearly 18,000 square feet of curated retail in one of South Florida’s most sought-after neighborhoods. Designed by Bellin & Pratt Architects, with amenities and common areas by Ray Jimenez of Raymond Nicholas and interiors by Carlos Guevara, the project reflects both developers’ ongoing commitment to high-design, walkable urban living in Coral Gables.

Renderings via Ray Jimenez and Carlos Guevara

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Allen Morris Company Closes $43 Million Construction Loan with Affinius Capital and Axonic Capital For Second Phase of Bayshore Apartments in Sarasota

Allen Morris Company has closed on a $43 million construction loan from Affinius Capital LLC (“Affinius Capital”), in partnership with Axonic Capital LLC (“Axonic”), to commence development of Bayside North, the second phase of its signature $250 million Bayside project in Sarasota, Florida.

The financing marks a continued milestone in the advancement of the broader Bayside Sarasota master development, which is currently under construction and reshaping the city’s Rosemary District and Bayfront corridor.

“Bayside North represents the continued evolution of a truly walkable, design-forward waterfront community in Sarasota. With this second phase, we are building on the momentum of Bayside to deliver an elevated residential experience that thoughtfully blends architecture, amenities, and place-making in one of Florida’s most dynamic growth corridors,” said W.A. Spencer Morris, President of Allen Morris Co.

Affinius Capital Co-Head of Debt Originations Eric Cohen commented, “This transaction represents an opportunity to finance the development of a high-quality, condo-grade asset in a market with a robust renter base. We look forward to continuing our work alongside Allen Morris Co. and contributing to the continued success of the Sarasota Bayside project. This transaction marks the third closing in our strategic partnership with Axonic, designed to deliver mid-market first mortgage financing for new development projects.”

Phase II of Bayside will introduce a seven-story, 96-unit luxury residential building complemented by eight fully furnished guest suites, further expanding the vision for elevated waterfront living in downtown Sarasota. The residences will feature a thoughtfully curated mix of one-, two- and three-bedroom floor plans averaging approximately 1,200 square feet, alongside 15 workforce housing units that reinforce the project’s commitment to fostering a diverse and inclusive residential community.

Designed to maximize its prime waterfront setting, the building will feature a top-floor clubhouse with sweeping west-facing views of Sarasota Bay, while ground-level offerings will include a dynamic mix of active lifestyle and neighborhood-serving amenities, including a pickleball court and a 3,000-square-foot restaurant intended to enhance connectivity and activate the surrounding district. As part of the broader Sarasota Bayside masterplan, the development represents the next evolution of refined rental living in the market, with more than 50,000 square feet of amenities, a rooftop resort-style pool, lush botanical courtyards and integrated food-and-beverage programming that together create a sophisticated, lifestyle-driven alternative to traditional condo ownership.

Bayside North represents the second phase of the larger Bayside Apartments development. The initial phase, a 254-unit luxury rental community currently under construction and expected to complete in April 2027, has already established a new benchmark for design-driven residential living in Sarasota’s evolving urban core.

Allen Morris Co. continues to advance its strategy of delivering high-quality, mixed-use residential communities in high-growth urban locations across Florida and the Southeast.

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MIRAI Design District Secures $85 Million Construction Loan and Breaks Ground on Kengo Kuma’s First U.S. Mixed-Use Development

MIRAI Design District has secured an $85 million construction loan from Monroe Capital LLC, and has officially broken ground on the highly anticipated mixed-use development in Miami’s Design District.

Developed by Leviathan Development, Lionheart Capital, Well Duo, and The Lane Organization, MIRAI Design District will introduce approximately 41,000 square feet of Class A boutique office space and 16,000 square feet of luxury high street retail and hospitality space to the neighborhood, with completion anticipated in 2028. The project represents architect Kengo Kuma’s first mixed-use development in the United States, marking a significant milestone for the internationally acclaimed architect whose work is known for blending architecture, nature, and cultural experience.

“We’ve spent years building our position along Northeast Second Avenue because we believed in what this corridor could become, and MIRAI is the clearest expression of that conviction. Securing this financing and breaking ground is the moment the vision becomes real — and bringing Kengo Kuma’s first U.S. mixed-use project to the Design District reflects exactly the kind of opportunity Lionheart is built to identify and execute,” said Ophir Sternberg, founder and CEO of Lionheart Capital.

Located along Northeast Second Avenue, MIRAI reflects the next phase of growth in the Miami Design District, emphasizing architecture, hospitality, walkability, and curated commercial experiences. Designed as a “floating lantern,” the building features a transparent ground floor, layered façade screening system, lush central garden, and hospitality-driven public spaces intended to create a more intimate and experiential extension to the neighborhood.

The project’s boutique office component has been positioned to attract family offices, small and mid-sized funds, and design-led businesses seeking highly curated spaces that function as extensions of their identity. Due to strong demand and the project’s highly curated vision, leasing has remained in-house.

“MIRAI was conceived as something far more experiential than a traditional mixed-use project,” said Allison Greenfield, founder and managing partner of Leviathan Development. “The goal was to create an environment where architecture, hospitality, retail, and workplace culture feel fully integrated, reflecting how people increasingly want to work, gather, and spend time in Miami. More importantly, we wanted MIRAI to contribute something meaningful to the ongoing evolution of the Design District, creating a project that enhances the neighborhood culturally, architecturally and socially for both visitors and the local community.”

Designed by internationally acclaimed architect Kengo Kuma and Associates (KKAA), MIRAI continues the broader transformation of the Miami Design District into one of the country’s most architecturally significant luxury and cultural corridors. The project joins a growing concentration of globally recognized architects, hospitality concepts, and design-led commercial experiences reshaping the neighborhood, while helping position Northeast Second Avenue as the district’s next boutique luxury corridor. Future tenants are being curated around a shared emphasis on design, culture, hospitality, and lifestyle, with a focus on brands and businesses aligned with MIRAI’s highly experiential vision. Additional tenant announcements, hospitality partnerships, and cultural programming initiatives are expected to be unveiled in the coming months as construction progresses and leasing momentum continues.

“One of the most exciting aspects of MIRAI is the opportunity to curate a community of tenants that share a common appreciation for design, culture, and hospitality,” said Eduardo Pelaez, principal of Well Duo. “Rather than simply filling space, our focus has always been on bringing together businesses and brands that contribute to the character of the building and the broader neighborhood. That level of curation is what sets MIRAI apart.”

The project’s public-facing design and future experiential programming are expected to play a central role in MIRAI’s identity, including plans for a dynamic façade lighting program in collaboration with Viabizzuno, cultural activations, and hospitality-driven gathering spaces integrated throughout the development.

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PMG and LNDMRK Development Break Ground on Twenty Sixth & 2nd Wynwood Residences After Securing $126 Million Construction Loan

National developer PMG and LNDMRK Development have broken ground on Twenty Sixth & 2nd Wynwood Residences after securing $126 million in construction financing for the eight-story boutique condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood. The property will consist of 233 fully finished and furnished residences, including select units delivered with deeded office suites, and will allow owners to host on Airbnb 365 days a year.* Construction financing was provided by Madison Realty Capital and Siguler Guff. The property is 73% sold, with expected completion in Q2 2028. PMG Residential exclusively represents sales for the project.

The transaction was led by PMG's Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion, in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Randy Barcelo, Amanda Bennis, and Nicholas Risi at Stearns Weaver Miller Weissler Alhadeff & Sitterson served as PMG’s transactional counsel. Javier Aviñó and Andres Rivero at Bilzin Sumberg served as PMG’s land use counsel.

“Wynwood has become one of Miami’s most compelling cultural and residential districts, and we are excited to advance toward its next chapter with the support of repeat capital partners and our dedicated construction team,” said Ryan Shear, Managing Partner at PMG. “When combined with the added flexibility offered through our partnership with Airbnb, Twenty Sixth & 2nd Wynwood Residences’ offerings are second-to-none for those wishing to experience one of Miami’s top destinations on a yearly basis. We’re confident it will help set a new standard for modern urban living in Wynwood and across South Florida.”

Twenty Sixth & 2nd Wynwood Residences will be the first building to allow owners to host both their residence and private office on Airbnb year-round, supported by full-service on-site management that combines hospitality-level service with ownership flexibility. Each dedicated glass-paneled private office boasts a range of features to make working convenient for residents, including locking access, a desk and chair, and pre-wiring for TVs. The office space also comes equipped with well-appointed conference rooms, lounge areas, and a kitchen.

Designed by architecture firm CUBE 3, Twenty Sixth & 2nd Wynwood Residences reflects the artistic character and creative rhythm of Wynwood while introducing a new standard for flexible urban living. Residences range from thoughtfully designed studios to expansive one-bedroom homes with dens, with pricing from $500K to $1 million with sales overseen by PMG Residential. Interiors will include fully built-out closets, premium appliance packages, Italian bathroom cabinetry by ITALKRAFT, fixtures by WaterWorks, in-unit washers and dryers, and contemporary lighting.

"Wynwood has undergone a remarkable transformation, and Twenty Sixth & 2nd is well-positioned to advance that momentum with a thoughtfully conceived, fully amenitized residential product in a neighborhood that has established itself as one of Miami's most sought-after destinations for both residents and visitors," said Josh Zegen, Co-Founder and Managing Principal of Madison Realty Capital. "We are proud to support PMG and LNDMRK, both of which are repeat borrowers with a strong track record of execution across Miami's most dynamic submarkets, and we look forward to seeing the project contribute to Wynwood's continued evolution."

Twenty Sixth & 2nd Wynwood Residences will feature over 32,000 square feet of wellness-focused amenities, including a glass house for meditation and yoga, tranquil gardens, a thermal circuit with steam, sauna and cold plunge, private treatment rooms, an invigorating rain shower, and a state-of-the-art fitness studio with advanced technology. Additional amenities include The Sky Swim Lounge, featuring an elevated rooftop pool with cabanas and lush landscaping, an outdoor bar and lounge, private alcoves with swing chairs, a private residential porte cochere with 24-hour valet service, sports equipment storage, on-site property management, and access-controlled entry points.

“Twenty Sixth & 2nd Wynwood Residences reflects the bold creativity and energy that define Wynwood,” said Alex Karakhanian, Principal of LNDMRK Development. “As we break ground alongside PMG, we are proud to bring a project that reimagines the connection between living and working in one of Miami’s most inspiring neighborhoods. We believe this development will further energize the neighborhood and offer a one-of-a-kind experience for both residents and visitors.”

The property will include 26,000 square feet of ground-floor retail with approximately 475 linear feet of frontage. ASG Equities, the seller of the land to the joint venture, will retain ownership of the retail component and hold a minority interest in the residential portion of the development. Further integrating the building with its community, Twenty Sixth & 2nd Wynwood Residences will also showcase a curated collection of custom art installations throughout its common spaces in homage to Wynwood’s artistic history.

The Wynwood Arts District in Miami has cultivated a thriving arts and culture scene with galleries, boutiques, and bold street art that represents the neighborhood’s vibrant, creative energy and raw dynamism. Twenty Sixth & 2nd Wynwood Residences will place residents in the center of this cultural hub, with easy access to community attractions such as the Wynwood Walls, Museum of Graffiti, and The Margulies Collection at the Warehouse in addition to modern bakeries, outdoor parks, eclectic markets, and top cuisine.

PMG Residential is the lead sales team exclusively representing sales for Twenty Sixth and 2nd Wynwood Residences.

*Hosting is subject to local laws and other restrictions. Office suites may not be listed on Airbnb independently. Any listing of an office suite on Airbnb must include the associated residential unit and cannot be listed separately from their corresponding residence.

Renderings via ARX Creative

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Developers of The St Regis Residences, Sunny Isles Beach, Miami, Secure $113.75 Million Development Loan With City National Bank For North Tower

Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, have announced the closing of a $113.75 million land loan for the North Tower with City National Bank of Florida.

The financing, arranged through Berkadia Miami, will support the project’s next phase, with the North Tower slated to break ground this summer as construction of the nearly sold-out South Tower progresses. The transaction underscores continued institutional confidence in the branded oceanfront development and its position within South Florida’s super-prime residential market.

“Today’s achievement represents another important step forward in the continued execution of our vision for The St. Regis Residences, Sunny Isles Beach, Miami” said Edgardo Defortuna, CEO of Fortune International Group. “We’ve seen strong alignment from both buyers and capital partners, and this milestone continues to propel the project into its next phase.”

“Momentum across the development has been consistent from the outset,” said Manuel Grosskopf, CEO of Château Group. “With the South Tower nearing sell-out and construction well underway, the North Tower builds on that foundation as we continue to deliver a project that resonates with today’s ultra-luxury buyer.”

“Our work with Fortune International Group spans many years, and this transaction brings together that history and our relationship with the Grosskopfs of Château Group,” said Jorge Gonzalez, Vice Chairman and CEO of City National Bank. “We appreciate the alignment and professionalism both organizations bring to projects of this nature.”

“We welcome the opportunity to begin working with Château Group through this financing,” said Christian Sundblad, Executive Vice President and Chief Wholesale Officer of City National Bank. “Their perspective and alignment with this project give us optimism as we establish a new relationship.”

Berkadia Miami Managing Director Scott Wadler and Director Michael Basinski, along with Senior Managing Director Mitch Sinberg and Managing Directors Matt Robbins and Brad Williamson, arranged the loan.

“Sunny Isles Beach has emerged as one of the most coveted addresses in the world, and the Sponsors have long understood this market's trajectory having acquired the site more than a decade ago,” said Wadler. “In today's capital markets environment, pre-development financing for a site and tower of this scale requires a sponsor team with an impeccable track record and the credibility to inspire lender confidence. Fortune International and Château Group bring both.”

Together, the two-tower enclave represents one of the most significant new residential offerings along Sunny Isles Beach, featuring approximately 435 linear feet of direct Atlantic frontage – the most of any residential enclave currently rising in the region – and more than 70,000 square feet of integrated amenities, including two signature restaurants, a full-service spa, resort-style pools, and a comprehensive wellness and lifestyle program.

The South Tower, scheduled for completion in 2028, comprises 170 residences, while the North Tower includes 150. Designed by Arquitectonica and built under the supervision of Coastal Construction, the development pairs a bold architectural profile with a hospitality-driven residential model anchored by St. Regis.

Remaining residences are priced from approximately $5 million. The on-site oceanside sales gallery is located at 18801 Collins Avenue, Sunny Isles Beach.

Renderings via Binyan Studios, DBOX and ARQ

The St. Regis Residences, Sunny Isles Beach, Miami are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). La Playa Beach Associates, LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made about the project.

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Fisher Brothers Secures $117.5 Million Refinancing from Bain Capital for Joule House, A New Mixed-Use Multifamily Community in Wynwood

Fisher Brothers, the fourth-generation real estate company known for creating design-forward, community-oriented destinations across the country, has secured a $117.5 million refinancing from Bain Capital for Joule House, Wynwood’s most design-forward residential community.

Rising eight stories at 2200 NW 1st Avenue, Joule House was named after the joule, the unit of measurement for energy, embodying the dynamic spirit of its location. The recently delivered residential property features 308 luxury residences, expansive indoor-outdoor amenities, and Calle Collective, an immersive arts and cultural destination blending retail, creativity, and community

“The successful refinancing of Joule House is a strong reflection of both the property’s performance since opening last summer and the market’s confidence in well-executed, design-driven residential communities in Wynwood,” said Winston Fisher, Partner at Fisher Brothers. “From day one, our vision was to create something that truly resonates with the neighborhood’s energy and culture, and it’s been rewarding to see that translate into strong leasing, retail momentum, and continued investor interest.”

“This transaction represents a unique opportunity to partner with a best-in-class owner-operator in Fisher Brothers as they continue their thoughtful stabilization of a premier asset in an attractive, high-growth market,” said Mark Gormley, a Managing Director at Bain Capital Credit. “We are proud to have been selected as their partner of choice on this transaction and look forward to supporting the continued development of Joule House as one of Miami’s most innovative and dynamic communities.”

"Miami's strong migration trends, driven by corporate relocation and job growth, have injected significant wealth into the region, reinforcing its multifamily market," said Keith Kurland, Senior Managing Director of Capital Markets and Co-Head of Institutional Advisory at Walker & Dunlop. "We were pleased to partner with Fisher Brothers and Bain Capital on Joule House, arranging a floating-rate, interest-only bridge loan that met our client's strategic objectives and delivered a creative, market-leading solution alongside best-in-class sponsorship."

In December, Fisher Brothers announced a new retail lease with Sunlife Organics at Calle Collective, a new art-infused cultural destination located within the vibrant retail base of Joule House. Renowned for its organic smoothies (including its famed ‘Billion Dollar Smoothie’), bowls and provisions, Sunlife Organics is anticipated to open in Q3 2026.

Open to the public, Calle Collective transforms over 26,000 square feet of everyday walls into a kaleidoscope of color and meaning. Curated in partnership with WXLLSPACE and designed as the neighborhood’s next cultural and social destination, Calle Collective showcases 19 large-scale murals by Miami-based artists, each a bold expression of style and personal inspiration redefining the convergence of art, commerce and community.

Joule House offers a desirable mix of studio, one-, and two-bedroom layouts, along with select two- and three-bedroom penthouses ranging from 985 to 1,400 square feet. Interiors by ID & Design International (IDDI) showcase neutral palettes, bold accents, and contemporary finishes that capture the essence of the neighborhood. Spanning 23,000 square feet, Rockwell Group has thoughtfully crafted a suite of indoor and outdoor amenities across three levels, seamlessly blending wellness, convenience, and entertainment. With leasing and property management by Bozzuto, exceptional attention to detail and genuine hospitality remain at the forefront.

Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Michael Ianno, Christopher de Raet, and Edward Leboyer of Walker & Dunlop Capital Markets Institutional Advisory represented Fisher Brothers in this transaction.

Calle Collective is open daily from 9 am to 6 pm and is free to the public.

Images via Joule House / Fisher Brothers

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