Tula Residences Tops Off, Set To Become First New Condominium to Open In Miami's North Bay Village In More Than a Decade

Bayshore Grove Capital, a Miami-based real estate and private equity firm, which is leading the project's development and construction, with Pacific & Orient Properties serving as the project developer, have topped off Tula Residences, the boutique residential address nestled in the heart of North Bay Village, one of Miami’s most exclusive waterfront island communities. Introducing a collection of just 54 private residences, the 21-story development pairs panoramic views of Biscayne Bay and the Miami skyline with approximately 18,000 square feet of highly curated amenities. With completion expected in Q3 2027, the project is set to become the first new condominium to open in North Bay Village in more than a decade.

The construction milestone also represents a new chapter for Tula Residences and follows the development’s recent $67 million construction loan from S3 Capital. As the building makes significant progress toward completion, the development team has engaged Compass Development Marketing Group to join Brown Harris Stevens as co-listing broker for marketing and sales efforts. Compass joins Tula Residences in a co-listing arrangement with Brown Harris Stevens.

“Reaching the top of Tula is an exciting moment for us and for North Bay Village,” said Vivian Dimond, Founder and CEO of Bayshore Grove Capital. “We have believed in the potential of this community from the beginning, and it is rewarding to see Tula take its rightful place as an anchor of the neighborhood. As construction moves closer to completion, the character of the building and the lifestyle we envisioned are coming to life right in front of us.”

With convenient access to both sides of Biscayne Bay, Tula is designed as a private residential retreat offering expansive residences and a collection of wellness and social amenities. Designed by architecture firm M77R (‘matter’) with interiors by Shannon Farrell Design, whose portfolio includes acclaimed residential and hospitality projects across Miami, New York and Los Angeles,

Tula features a limited collection of two- to five-bedroom residences, including six penthouses spanning the upper three floors. The residences range from approximately 1,590 to 2,440 square feet, while the penthouses offer approximately 3,700 to 4,140 square feet. Prices start below $2 million. Every residence is a corner residence, offering exceptional views of Biscayne Bay and the Miami skyline.

“Tula offers something truly compelling for North Bay Village, as buyers increasingly recognize the appeal of waterfront living in a location that offers both privacy and immediate access to Miami and Miami Beach,” said Philip Freedman, Senior Managing Director of Sales. “Now that the building has topped off, buyers can see firsthand the progress taking shape and better understand what sets Tula apart within Miami’s condominium market.”

As the new development division of Compass, one of the nation’s leading residential real estate brokerages with a strong presence in South Florida and major luxury markets across the U.S., Compass Development Marketing Group specializes in the launch, positioning and sellout of high-end condominium and mixed-use projects. At Tula, Compass Development Marketing Group will work alongside Brown Harris Stevens as co-listing broker, supporting the project's sales strategy and broker outreach as the development advances toward completion.

Complementing the residences, Tula will offer amenities designed around wellness, relaxation and gathering. A sixth-floor amenity level will feature a resort-style pool surrounded by a landscaped deck, poolside lounges and private cabanas overlooking Biscayne Bay and the Miami skyline. Indoors, residents will have access to a 2,400-square-foot fitness center outfitted with state-of-the-art equipment, a great room with a marble fireplace, a private dining room for 12, and the Skyline Club Room, which will be available for private gatherings. Additional amenities include a surround-sound theater for private screenings, 24-hour concierge service and secure package storage. At the waterfront, the Vista Lounge will offer an additional setting for residents to relax and gather, with floor-to-ceiling windows and direct views of the bay.

Located at the midpoint between Miami and Miami Beach, North Bay Village is undergoing a period of significant investment and growth across its residential, hospitality and commercial landscape. The community offers immediate access to some of the region’s most important destinations, including the Miami Design District, the Wynwood Arts District, Downtown Miami’s Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami, and the Frost Science Museum, as well as Miami International Airport and the beaches of Miami Beach. Tula’s topping off brings the project one step closer to delivering a new residential offering within this evolving waterfront community.

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Development Spotlight: Tula Residences North Bay Village

Few emerging waterfront communities in South Florida are experiencing as much transformation as North Bay Village. Positioned between Miami and Miami Beach, the three-island community is quickly evolving into one of the region's next luxury residential destinations, attracting a new generation of boutique waterfront developments.

Among the projects helping define that evolution is Tula Residences, a refined collection of just 54 luxury homes overlooking Biscayne Bay. Developed by Bayshore Grove Capital in partnership with Pacific & Orient Properties, the 21-story tower combines contemporary architecture, expansive corner residences, and wellness-focused amenities within an intimate waterfront setting. As construction progresses, Tula represents both the resurgence of a long-anticipated project and the continued emergence of North Bay Village as one of South Florida's most compelling luxury real estate markets. The tower is already under construction with an expected completion in 2027.

Project Overview

As North Bay Village enters a new era of waterfront redevelopment, Tula Residences is helping define its future. Rising directly on Biscayne Bay at 7918 West Drive, the boutique condominium introduces 54 luxury residences within a thoughtfully designed 21-story tower that blends privacy, architecture, and wellness-focused living.

Developed by Bayshore Grove Capital in partnership with Pacific & Orient Properties, Tula is one of the first new luxury condominium developments to move forward in North Bay Village in more than a decade. With construction actively underway, the project represents an important milestone in the transformation of the three-island community into one of South Florida's emerging luxury waterfront destinations.

Why It Matters

North Bay Village has quietly become one of South Florida's most closely watched redevelopment markets. Positioned between Miami and Miami Beach, the island community offers waterfront living with exceptional accessibility while remaining significantly more intimate than many neighboring luxury markets.

Tula arrives at a pivotal moment for the neighborhood, introducing boutique-scale luxury residences that emphasize spacious floor plans, expansive outdoor living, and panoramic Biscayne Bay views. As one of the first new condominium developments to advance during the area's renaissance, the project is helping establish a new benchmark for residential design and quality in North Bay Village.

Architecture & Design

Designed by M77R (Matter), Tula embraces contemporary waterfront architecture through soft curves, expansive glass, and sculptural wraparound terraces that maximize views from every residence.

The building's distinctive "corner-only" floor plan ensures abundant natural light and panoramic exposures throughout while creating a more private residential experience with only four residences per typical floor.

Interiors by Shannon Farrell Design feature warm natural materials, refined detailing, and an understated palette inspired by coastal living. Kitchens showcase marble countertops and backsplashes, bespoke millwork, and fully integrated Miele appliances, while primary bathrooms feature sculptural stone finishes, custom vanities, and spa-inspired detailing.

Residences

Tula offers an exclusive collection of just 54 residences, including six penthouses occupying the tower's upper levels. Pricing starts at $1.9 million with sales overseen by Brown Harris Stevens.

Residence highlights include:

• Two-bedroom, two-bedroom plus den, and three-bedroom residences

• Approximately 1,590 to 2,440 square feet

• Six penthouses ranging from approximately 3,700 to 4,140 square feet

• All residences are corner homes

• Expansive wraparound glass terraces

• 10-foot ceilings

• Floor-to-ceiling windows

• Custom European flooring

• Fully integrated Miele appliance packages

• Walk-in laundry rooms

• Panoramic Biscayne Bay, city and ocean views where available

Amenities

Designed around wellness and everyday waterfront living, Tula's amenity collection balances relaxation, entertainment, and hospitality.

Amenities include:

• Resort-style waterfront pool with landscaped deck and private cabanas

• Grand lobby with 24-hour concierge

• Residents' lounge overlooking Biscayne Bay

• Private dining room with warming kitchen

• State-of-the-art fitness center

• Wellness center

• Media room

• Dog spa

• Bayfront promenade access

• Skyline club room and gathering spaces

Location

Located at 7918 West Drive on Harbor Island, Tula enjoys a prime waterfront setting in North Bay Village with direct Biscayne Bay frontage.

Residents are minutes from Miami Beach, Bal Harbour, the Design District, Midtown Miami, Wynwood, Downtown Miami, and Miami International Airport while enjoying a quieter residential setting that has become increasingly attractive to luxury buyers seeking waterfront living with convenient regional access.

Team

Tula Residences is developed by Bayshore Grove Capital, led by Vivian Dimond, in partnership with Pacific & Orient Properties. The project represents the revitalization of a previously stalled development and reflects Bayshore Grove Capital's vision of delivering a boutique luxury waterfront community that complements North Bay Village's ongoing evolution.

Tula Residences features architecture by M77R (Matter), interiors by Shannon Farrell Design, and landscape architecture by H.L. Martin Landscape Architects. Exclusive sales are led by Brown Harris Stevens Development Sales.

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