PMG, Lion Development Group and Marc Roberts Companies Secure $215 Million Construction Loan For 38 West Eleventh Residences Miami

National developer PMG, Michael Simkins’ Lion Development Group, and Marc Roberts Companies have secured $215 million in construction financing for 38 West Eleventh Residences Miami, a 44-story, 659-residence condominium in Miami’s Park West neighborhood. Rising at 38 Northwest 11th Street and currently 99% sold, this property will offer fully furnished luxury residences along with short-term rental flexibility and an opportunity for owners to enjoy the ability to host guests 365 days a year on Airbnb*. Financing was provided by GoldenTree Asset Management. PMG Residential exclusively represents sales for 38 West Eleventh Residences Miami. John Moriarity & Associates is the general contractor behind the project, which is slated for completion in Q1 2028.

Josh Winefsky, Adrian Diaz, and Celeste Williams at Kramer Levin Naftalis & Frankel LLP served as the lead transactional counsel. Randy Barcelo at Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. served as local counsel. Javier Avino and Andres Rivero at Bilzin Sumberg Baena Price & Axelrod LLP served as land use counsel, and Evan Wagowski at Greenberg, Trager & Herbst, LLP served as construction counsel.

"The Park West neighborhood is growing in prominence, and we are thrilled to have GoldenTree's support in bringing 38 West Eleventh Residences to the forefront," said Ryan Shear, Managing Partner at PMG. "With its dynamic energy and robust sales momentum, this project is well-positioned to make a positive impact on Miami’s real estate market. Together with our partners and our stellar capital markets and legal teams comprised of Lowell Plotkin, Scott Buscemi, Jon Blank, Andrew Warman, and Paton Marion, we are eager to deliver a vibrant and flexible living experience that embodies the spirit of this remarkable development for future residents and guests alike."

Designed by internationally renowned architecture firm Sieger Suarez Architects, with residential interiors by Cotofana Designs, 38 West Eleventh Residences Miami will offer the best of both city living and access to nearby beaches. Each of its fully-finished and fully-furnished studio and one-bedroom units will feature top-of-the-line appliances, sweeping views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean, as well as PMG smart home technology, delivering seamless personalization with the touch of a button for integrated audio, video and lighting systems.

“Miami’s ongoing transformation into a truly unparalleled culinary, entertainment, and residential destination makes it the perfect location for a development such as 38 West Eleventh Residences,” said Michael Simkins, President and CEO of Lion Development Group. “Not only does this project embody Park West’s spirit, but it deftly complements its lively live, work, play atmosphere to create a wholly dynamic living experience. We are excited to join PMG and Marc Roberts Companies in watching its world-class lifestyle take effect.”

Unique to 38 West Eleventh Residences Miami is its distinctive 30,000 square foot, tri-level experiential entertainment venue, which will bring an impressive array of experiences right at residents’ doorstep and seamlessly integrate with the entertainment district’s vibrant atmosphere. Additionally, each owner at 38 West Eleventh Residences Miami will have the opportunity to host on Airbnb year-round, marking the first time this feature is offered at a residential condominium in Miami.

“38 West Eleventh Residences presents a one-of-a-kind opportunity to live in the heart of one of Miami’s most up-and-coming and entertainment-filled neighborhoods,” said Marc Roberts of Marc Roberts Companies. “Alongside our partners, PMG and Lion Development Group, we are proud to receive the trust from the Capital Markets to deliver a transformational project of its caliber. We look forward to witnessing the lasting impact 38 West Eleventh Residences Miami has on Miami and its residential market for years to come.”

Over 20,000 square feet of amenities are available at 38 West Eleventh Residences Miami, specially curated to extend owner comfort and provide a luxurious lifestyle. Whether it’s relaxing by the expansive pool overlooking the Miami skyline, savoring culinary delights at the signature supper club restaurant on the main floor, or unwinding in private lounge areas, there is something for everyone. The state-of-the-art fitness centers, wellness features, and co-working space additionally ensure that residents will have access to every comfort and convenience right from home.

With more than three decades of experience in luxury residential developments nationwide, PMG continues to passionately transform skylines with impeccable attention to detail throughout each of its projects. In addition to its extensive portfolio of over 175 projects, the developer is famed for thoughtfully designed condominium developments including 111 West 57th Street in New York City; E11EVEN® Club Hotel & Residences & E11EVEN® Club Residences Beyond, Waldorf Astoria Hotel & Residences, One West Twelve Residences, One Twenty Brickell Residences, and The Elser Hotel & Residences in Miami; Sage Intracoastal Residences in Fort Lauderdale; as well as One Park Sarasota and One Park West on Florida’s west coast.

Renderings via ARX Creative

*Hosting is subject to local laws and other restrictions.

For more information about 38 West Eleventh Residences Miami or to inquire about purchasing a unit please fill out the form below:

E11EVEN Partners and PMG Break Ground On E11EVEN Residences Beyond In Downtown Miami's District 11

Developers PMG and E11EVEN Partners have broken ground on E11EVEN Residences Beyond, part of the E11EVEN Hotel & Residences Miami development, an ultra-luxury, dual-tower development located in Miami’s District 11. Located at 90 NE 11th St. in the newly expanded entertainment destination, the E11EVEN Hotel & Residences Miami project has taken Miami by storm, continuing to break sales records and offer a unique experience to buyers unlike anything the community has ever seen before. E11EVEN Partners Marc Roberts, Michael Simkins, and Dennis DeGori and PMG partners Ryan Shear, Kevin Maloney and Dan Kaplan are the developers of the E11EVEN Hotel & Residences development.

“E11EVEN Residences Beyond’s groundbreaking marks a crucial next step in constructing the future of District 11,” said Michael Simkins of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “This incredible property offers residents an optimized lifestyle unlike any other in Miami, featuring top-notch dining, elite services, and lushly appointed residences all within one highly energized location. Once built, it will set the standard for ultra-luxury living and entertainment districts across the country.”

This groundbreaking comes on the heels of recent announcements at E11EVEN Residences Beyond including the addition of The Clayton, an ultra-premium $25 million private social and cigar club, and the recent expansion of the tower to offer additional units for sale and more amenity space, which was made possible by an incredibly high demand for these residences and record-breaking sales success across the dual-tower development as a whole.

E11EVEN Hotel & Residences’ first tower also recently announced Riviera Dining Group will join its extraordinary lineup of offerings with a second-floor restaurant with a ground-floor escalator entrance for direct access, as well as an upscale lounge and private membership club located on the tower’s rooftop.

“The groundbreaking of E11EVEN Residences Beyond is a monumental milestone for PMG and E11EVEN Partners,” said Ryan Shear, Managing Partner of PMG. “From its inception, E11EVEN Residences Beyond has carried a tremendous amount of buyer excitement and energy with it. From the private helipad to the stellar hospitality concepts like The Clayton, the caliber of offerings is unlike any tower in South Florida.”

“E11EVEN Residences Beyond places buyers in the epicenter of District 11, exposing them to the amazing business opportunities, high quality of life, and unparalleled 24/7 entertainment expected of Miami living,” said Marc Roberts of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “We cannot wait to further cement this project’s status as a premier ultra-luxury residential development in Miami’s most coveted neighborhood.”

Centrally located in Downtown Miami’s District 11, E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offers a resort-style, entertainment-driven experience and destination – the first of its kind in the Southeastern United States. Floor plans at both of its towers range from studios to two bedrooms in addition to a presidential collection and penthouse suites. Each unit comes equipped with fully-integrated “smart building” features, Subzero and Wolf appliances, custom ITALKRAFT Italian cabinetry, top-level finishes, and designer-curated furnishings. The soaring 65-story towers will be designed by internationally renowned Sieger Suarez Architects with interiors by award-winning design firm AvroKO.

Amenities for E11EVEN Residences Beyond and E11EVEN Hotel & Residences include a world-class Chopra Spa & Studio, a five-star restaurant collection by Riviera Dining Group, a casino-style sports lounge, a world-class med spa, a rooftop pool and bar, and an E11EVEN day club and pool on the 11th floor. In addition to the first tower's amenities, buyers at E11EVEN Residences Beyond will have ultra-exclusive access to the E11EVEN Beyond Members Social Club and private facilities only available to residents of the second tower including a helipad, a signature restaurant, fully staffed executive office suites, and a state-of-the-art fitness center, as well as the expanded resort-style pool.

“In all my years in the industry, I have never seen a residential building secure buyer attention and surmount previous standards of luxury living and day-round entertainment like this one has,” said Dennis DeGori of E11EVEN Partners. “The E11EVEN brand is committed to creating unique and captivating experiences, and it is safe to say that the two towers of E11EVEN Hotel & Residences Miami live up to this namesake with amenities like a day club, night club, and signature restaurants all at one’s doorstep. PMG and E11EVEN Partners have truly outdone themselves here with this one-of-a-kind, world-class building.”

Renderings via ARX Solutions

PMG, Lion Development Group And Marc Roberts Companies Launch West Eleventh Residences In Lavish District 11 Fashion

On Tuesday, March 14th, national developer PMG along with partners Lion Development Group and Marc Roberts Companies celebrated the official launch of West Eleventh Residences. The event took place at the lavish sales gallery for West Eleventh Residences, debuting the newly revealed scale model of the tower and complete with a Yupix meta-realty virtual reality experience as well as a whale ice sculpture at the champagne bar. The E11EVEN-style soiree later made its way to Giselle for a high-energy afterparty at the new rooftop hotspot atop the E11EVEN rooftop.

Situated in Miami’s District 11, one of the city’s most notable entertainment destinations, West Eleventh Residences will be the first centrally managed luxury condo tower to grant owners the option to host 365 days on Airbnb. Located at 18 NW 11th Street, the tower will rise 44 stories and consist of 659 fully furnished, turn-key residences complete with vibrant amenities and a distinctive 30,000 square foot, tri-level experiential entertainment venue on the ground floor.

Residents at West Eleventh Residences will have access to over 20,000 square feet of elevated amenity space specially curated to extend owner comfort. Amenities include a resort-style pool, private lounge areas, state-of-the-art fitness and wellness centers, co-working space, a signature supper club restaurant, and more.

Designed by internationally renowned architecture firm Sieger Suarez Architects, with residential interior concepts by ArX, West Eleventh Residences will offer the latest smart building technology, top-of-the-line appliances, and sweeping views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean. Each of its fully finished and fully furnished studio and one-bedroom residences will also be equipped with PMG smart home technology, delivering seamless personalization with the touch of a button for integrated audio, video and lighting systems.

West Eleventh Residences will give owners the ability to host on Airbnb year-round with seamless centralized management, the first tower in Miami to offer this distinctive luxury. Each residence will be optimized for hosting on Airbnb, giving owners unparalleled autonomy and peace of mind through the convenience of hospitality-level service and oversight. The knowledgeable concierge staff will assist owners in the creation of personalized listings with services ranging from crafting the perfect listing description to offering professional photography resources.

West Eleventh Residences marks the fifth PMG property to launch in Downtown in the past 3 years, with a nearly $3 billion total sellout value of all developments. With luxury residential developments nationwide, PMG delivers impeccable attention to detail throughout each of its projects. The developer is notable for meticulously designed condominium developments such as 111 West 57th Street, Walker Tower, Stella Tower, 111 Leroy in New York City, Echo Aventura, Muse Residences Sunny Isles, Echo Brickell and Mei in South Florida, as well as Waldorf Astoria Hotel & Residences Miami, The Elser Hotel & Residences in Miami, and two other successful pre-construction towers in Miami’s District 11. Currently, PMG is developing more than five million square feet of new development that will deliver sophisticated design, high-end finishes and premium quality.

PMG Residential exclusively oversees sales and marketing for West Eleventh Residences.