Inside the 4th Annual PROFILE State of the Market 2026 Presented by Tower Capital Partners at Artefacto Coral Gables

Panelists and hosts at the 2026 PROFILE State of the Market event at Artefacto Coral Gables.

On Tuesday, May 12, 2026, PROFILEmiami hosted the 4th Annual PROFILE State of the Market 2026 presented by Tower Capital Partners at the luxurious Artefacto flagship showroom in Coral Gables, bringing together more than 200 of South Florida’s leading developers, brokers, investors, financiers, architects, designers, and real estate professionals for an evening of high-level market insight, bespoke networking, and real estate showcase activations. Topics that emerged were that 2026 is the “Year of the End User”, and themes of “Pricing & Provenance” with “long term livability”.

The Showcase highlighted PROFILEmiami’s continued focus on streamlining discovery and connection across South Florida’s pre-construction market. Throughout the evening, Blackline presented live demonstrations of its real estate development sales software platform, while luxury developments including Ponce Park Coral Gables, Parkline Brickell, and The Mansions at Fisher Island showcased their projects to many of South Florida’s top real estate brokers and industry professionals. In the weeks following the event, the showcased developments collectively went on to close more than $100 million in sales, reinforcing the power of curated broker engagement and in-person relationship building in today’s market.

Moderated by T.J. Sabo, Founder & CEO of SABO+, the panel featured Spencer Morris, President of The Allen Morris Company; Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida; David-Emmanuel Cohen, CEO of Madar Group USA and developer of The Mansions on Fisher Island; John Parsiani, VP of Sales at Aria Reserve and founder of Parsiani Real Estate; and Fernando de Núñez y Lugones, CEO of Vertical Developments. Together, the conversation explored some of the most important forces shaping South Florida real estate in 2026 — from luxury pricing and consumer psychology to product evolution, end-user demand, hospitality-driven living and long-term market positioning.

The panel concluded with a pro-real estate development word from Emmy Award Winning Former CBS4 Miami Anchor Elliot Rodriguez who is currently campaigning for the House of Representatives for the 27th Congressional District of Florida in the 2026 Mid-Term Elections.

As Miami continues evolving into one of the world’s premier luxury real estate destinations, conversations like those at the 4th Annual PROFILE State of the Market 2026 continue helping define how developers, brokers, architects, financiers and sales teams adapt to a more sophisticated, globally minded buyer increasingly focused on quality, customization, hospitality, and long-term value. Through elevated events like PROFILEconnect, PROFILEmiami continues reinforcing its role at the center of South Florida’s real estate conversation — delivering insight, access and meaningful connection at the highest level.

Panels:

One of the evening’s most discussed themes centered around “Pricing & Provenance” and “long term livability” in Miami’s rapidly maturing ultra-luxury condominium market. David-Emmanuel Cohen discussed how Miami’s top-tier residential market is now achieving pricing levels exceeding $5,000 to $6,000+ per square foot, positioning the city alongside ultra-prime global destinations such as Monaco and St. Barth. Spencer Morris expanded on the growing importance of provenance, craftsmanship and material authenticity in luxury development, sharing how The Allen Morris Company traveled to Carrara, Italy to personally source marble for its projects in an effort to create more enduring, deeply intentional residences. Jay Phillip Parker echoed the importance of quality and execution, emphasizing that today’s luxury buyers are increasingly prioritizing authenticity, lasting value, and buildings designed for long-term ownership rather than short-term speculation.

The panel also explored the continued evolution of the luxury buyer. Spencer Morris described 2026 as “the year of the end user,” explaining how premium, highly customized residences increasingly dominate demand as buyers seek homes designed for long-term living, personalization and permanence. The discussion highlighted how many affluent purchasers are combining units to create larger, more bespoke living environments that better reflect lifestyle needs, privacy expectations and family use patterns.

Further conversation explored how evolving consumer expectations are creating entirely new categories of luxury living and hospitality-driven real estate experiences. Jay Phillip Parker discussed the growing opportunity within branded hospitality-driven multifamily developments and luxury assisted living, explaining how consumers are increasingly willing to pay premiums for hospitality-caliber services, wellness offerings and elevated programming traditionally associated with luxury hotels and branded residences. He also noted the long-term opportunity for world-class healthcare providers and hospitality operators to collaborate in creating a new standard for luxury wellness-focused senior living.

Panelists also discussed the evolving divide between large-scale amenitized towers and smaller boutique luxury developments. John Parsiani explained how many buyers continue gravitating toward larger towers for their expansive amenity packages, resort-style experiences and “lock-and-leave” convenience, particularly among seasonal and international residents. Fernando de Núñez y Lugones then highlighted how, at the highest end of the market, many true end users increasingly prioritize privacy, exclusivity and intimacy — driving demand for smaller boutique buildings — while investors often remain more attracted to larger-scale developments offering operational efficiencies and expansive amenity ecosystems.

Showcase & Networking:

Sponsors:

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'Origin Residences by Artefacto' Launches Sales In Bay Harbor Islands

Origin Residences by Artefacto has launched sales on the Bay Harbor Islands, marking the first real estate venture for Artefacto in the United States. The development is a collaboration between Chile-based VDA | Origin Miami, a leading development company in Chile led by Mauricio Moya and Sergio Guzmán, and internationally acclaimed home furnishings brand Artefacto, led by Paulo Bacchi. Origin Residences by Artefacto will bring 27 custom finished and furnished condominiums to Miami’s coveted Bay Harbor Islands.

The luxury boutique building in Miami’s premier Bay Harbor Islands will feature an exclusive collection of two-to-four-bedroom residences, ranging from 1,300 square feet to 2,330 square feet, with prices starting at $1.390 million and exclusive representation by Cervera Real Estate.

Origin Residences by Artefacto features architecture by Revuelta Architecture International, known for its quality designs balanced with sustainable solutions. Each of the 27 condo owners will meet with Artefacto’s design team to create their home, including a private consultation and selection of finishes and furnishings. Once construction has commenced the residences are estimated to be completed in 18 months.

“It’s an incredible honor for Artefacto to deliver custom condominiums for each of Origin owners to reflect their personal style and preferences,” said Paulo Bacchi, CEO of Artefacto. “There is no better time to raise expectations and expand the brand's influence on Miami with this truly personal approach.”

Artefacto selected long-time collaborator Carla Guilhem and her Miami-based design studio for the project. Guilhem has worked on some of Miami’s most coveted homes, as well as the world's most luxurious superyachts. Intentionally designed to showcase Bay Harbor’s spectacular waterfront views, Origin Residences by Artefacto is set to offer a private marina hosting boat slips and direct access to the Atlantic Ocean and the Miami and Fort Lauderdale Intracoastal waterways.

The development will feature top-of-the-line amenities, including a panoramic rooftop pool with summer kitchens and bar, a lobby lounge, a kid's playroom, a coworking meeting space, a gym with state-of-the-art equipment, a 24/7 attended lobby, a pet zone, and more. Additionally, each unit will feature an expansive floor layout with floor-to-ceiling, impact-resistant sliding glass doors and windows, panoramic private balconies with glass railings and panels, fully-accessorized Italian-style kitchens with cutting-edge kitchen appliances, modern bathrooms with Italian marble and European cabinetry, Italian porcelain flooring throughout each home, additional storage space and residential parking.

“We are confident that Origin Residences by Artefacto will appeal to both new-to-market and local buyers looking for exclusive waterfront living in Bay Harbor Islands,” said Jesse D. Ottley, President of Development Sales Division of Cervera Real Estate. “A best-in-class residential destination ideal for those seeking a serene and balanced lifestyle, Bay Harbor Islands is the perfect location for Origin Residences by Artefacto to host the elevated and sophisticated way of living that buyers are looking for. We look forward to delivering this luxury waterfront development and its amenity-rich offerings to this exclusive community. ”

Artefacto is internationally recognized as South Florida’s go-to for captivating multi-million-dollar condos in the most iconic architectural towers, as well as custom estates from Miami to Palm Beach. Brand loyalists span South Florida’s top brokers and developers, to interior designers and architects, to celebrities and socialites, who rely on Artefacto for turn-key interiors that elevate and define South Florida living. A signature Artefacto home features layered organic textures and furnishings, surrounded by warm contemporary luxuries. Rooms are styled around a single statement piece, while embracing a full monochrome aesthetic, rich in neutral tones.

Artefacto CEO Paulo Bacchi started working at Artefacto at 18 when he joined the company founded by his father, Albino, in São Paulo in 1976. He tripled Artefacto’s business in the ‘90s and took over the company a decade later, expanding his company to the US in 2002. Today, Paulo works closely with his twin sons, Bruno and Pietro, who started working at the age of 14, learning from their father’s example. His sons now work closely with him on all areas of the business, including operation of the expansive local distribution center and vast inventory, to create singular turn-key lifestyles in South Florida’s most coveted neighborhoods.

For more information about Origin Residences by Artefacto, private showings or purchasing/ leasing information please fill out the form below: