Two Roads Development Reaches and Funds Settlement With Biscayne 21 Owners, Clearing Path Forward for Edition Residences, Miami Edgewater

Two Roads Development, a South Florida-based real estate development firm, has reached and fully funded a settlement resolving the remaining litigation related to the Biscayne 21 condominium property at 2121 North Bayshore Drive. The agreement with the remaining owners concludes multi-year legal proceedings, demonstrating the firm's commitment, financial strength and capacity to overcome complex challenges to protect its assets.

Navigating Florida's evolving legal and regulatory landscape following updates to the state's condominium termination laws, Two Roads Development worked diligently through the judicial process to secure complete control of the site. The resolution clears the way for Two Roads Development to advance construction on transforming this one-of-a-kind waterfront property, currently home to Biscayne 21, into EDITION Residences, Miami Edgewater.

“Every major development comes with its share of hurdles, and our ability to navigate challenges and protect our vision is what sets Two Roads apart,” said Taylor Collins, Co-founder and Managing Principal of Two Roads Development. “This outcome reflects the strength of our platform and positions us to focus fully on executing our growth pipeline and creating long-term value in the markets we serve. This has been a long and arduous process, and we’re grateful to our team and partners who remained committed throughout. We’re excited to now turn our full attention to realizing the extraordinary potential of this irreplaceable waterfront site.”

EDITION Residences, Miami Edgewater is planned as a 55-story luxury residential tower bringing modern waterfront living to one of Miami’s fastest-growing neighborhoods. The development will prioritize privacy and hospitality-led services designed to elevate today’s standards of residential living, marking the next chapter for a site long recognized for its redevelopment potential.

While litigation was ongoing, Two Roads Development continued to achieve milestones on other projects across its national portfolio including Four Seasons Private Residences Las Vegas, Pendry Residences Tampa, The Standard Residences Brickell and The Ocean Club, Four Seasons Residences, Bahamas, further demonstrating the company's growth and reputation as a best-in-class residential developer.

Past PROFILEmiami articles about Edition Residences, Miami Edgewater:

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Two Roads Development Reveals Lavish $10 Million Sales Gallery For EDITION Residences, Miami Edgewater

Following the launch of sales late last year, Two Road Development has revealed the lavish, $10 million state-of-the-art sales gallery for EDITION Residences, Miami Edgewater, the global hotel brand’s first independent collection of fully serviced luxury condominium residences. The unique space will provide future homebuyers with an immersive experience into the quality of design, lifestyle, services, and amenities signature to EDITION that the project will bring to Miami’s Edgewater neighborhood.

EDITION Residences, Miami Edgewater will be situated at 2121 North Bayshore Drive in the heart of Edgewater, one of Miami’s premier neighborhoods for luxury, waterfront high-rise living. The 55-story tower will boast more than 800 linear feet of bay frontage with 185 bespoke homes showcased in a sleek glass tower designed by visionary architect Bernardo Fort-Brescia, founder of Arquitectonica, with acclaimed interiors by Studio Munge led by Alessandro Munge.

Construction of EDITION Residences, Miami Edgewater is slated to begin in Summer 2023, with an estimated delivery timeframe of 36 months. The project’s sales team has secured more than $160 million in condo reservations and is expected to begin contract conversions over the next month.

On March 30, 2023, Two Roads Development, the developer of the EDITION Residences, Miami Edgewater, and Douglas Elliman Development Marketing, the project’s exclusive sales and marketing brokerage, celebrated the official opening of the sales gallery, located along the waterfront at 2060 North Bayshore Drive, Ste. B-101, just steps away from the EDITION Residences site. The lavish event was attended by many VIPs and A-listers, including City of Miami Mayor Francis Suarez and members of South Florida’s real estate elite. The one-of-a-kind affair featured a surprise performance by DJ Ruckus. Known for doing things a little differently, the evening ended with a captivating drone show, lighting up the Miami sky with dynamic visuals. Demonstrating how the EDITION Residences, Miami Edgewater will shape the Magic City’s distinct skyline, the display included an outline of the sleek glass tower.

The sales gallery leaves no detail unturned, featuring neutral-colored furnishings, luscious greenery, and architecturally unique accents throughout the space. A virtual reality room portrays the essence of indoor-outdoor living, boasting unobstructed views of Biscayne Bay, the Atlantic Ocean, Downtown Miami, and the Miami Beach skyline. To demonstrate the building’s expansive floorplans and state-of-the-art finishes, the sales center includes a replica of the master bathroom, kitchen, and living room.

“The EDITION Residences, Miami Edgewater offers a residential experience with the unmatched creativity, allure and expertise only the EDITION brand can deliver,” said developer Taylor Collins, Managing Partner of Two Roads Development. “With bold architectural details envisioned by Arquitectonica, the building itself is a work of art – and our sales gallery gives buyers a taste of what they can expect from their future homes in terms of the exceptional service, refined designed and one-of-kind lifestyle that awaits them.”

Impeccably finished residences will range from one-bedroom-plus-den to four-bedroom floorplans measuring between 1,952 and 3,864 square feet in size, priced from $1.9 million. Marking the pinnacle of luxury, the tower will also feature three expansive tri-level penthouses, each with private rooftop pools and gardens.

Exuding the same level of luxury of the famed hospitality brand, the EDITION Residences, Miami Edgewater will introduce over 45,000 square feet of expertly-thought-out amenity spaces where owners can live, work, play and entertain guests. Touted amenities include two resort-style pools, a club lounge, a library, private training studios, a rich spa program, and six Guest Suites.

Launch Event

Sales Gallery

Renderings

Images via World Red Eye

Former Plaza Construction CEO Brad Meltzer Joins Two Roads Development As Partner And President

South Florida-based real estate development firm Two Roads Development announced Brad Meltzer has joined the firm as Partner and President, further strengthening its growth trajectory. In this role, Meltzer will oversee real estate development activities, as well as identify new market opportunities.

Meltzer comes to Two Roads Development with an educational background in architecture and more than 30 years of construction experience. Prior to joining Two Roads Development, Meltzer was most recently the Chairman and CEO of Plaza Construction, a leading a top national construction firm where he oversaw award-winning projects across various asset classes from inception to completion including Miami’s iconic One Thousand Museum by Zaha Hadid Architects.

"We are thrilled to expand our leadership team and welcome Brad, who played an integral role in helping us deliver Biscayne Beach," said Reid Boren, Managing Partner of Two Roads Development. "His robust network and industry background will help further our momentum in current and future projects. He will work with our team to keep our projects focused on attention to design and detail throughout each phase of the building process."

His portfolio of work encompasses a wide range of project types, including condominium, multifamily, hospitality, office, and retail. Meltzer specialized in delivering high end projects such as One Thousand Museum by Zaha Hadid, the four tower Paraiso District by Arquitectonica and the Ritz Carlton Residences Miami Beach by Piero Lissoni. In South Florida, Meltzer has overseen more than a dozen projects that exceed 40 stories including multiple projects that exceeded 700 feet in height.

“I am honored to have this opportunity to join the team at Two Roads Development,” said Brad Meltzer. “I look forward to mentoring and leading a team of professionals while promoting a culture of transparency, trust, and accountability. Our ultimate goal is to create projects that we can all be proud of.”

Highly engaged in industry and community organizations, Meltzer sits on various local and national boards, including Voices for Children Board of Directors, Gulliver Prep Board of Trustees, Chair of the University of Miami School of Construction Management Industry Advisory Board, University of Miami MRED+U Advisory Board and Tulane School of Architecture Advisory Board.

He holds a Master of Architecture from Tulane University School of Architecture.

Two Roads Development Locks Down $150 Million In Funding From Lionheart Strategic Management and Bank OZK For Edgewater Condo Buyout

The South Florida-based Two Roads Development, led by Taylor Collins and Reid Boren, have locked down $150 million in funding for a waterfront condo buyout in Miami’s Edgewater neighborhood. Lionheart Strategic Management LLC (Lionheart), an SEC-registered investment advisor that was formed in 2017 as the asset management affiliate of Fisher Brothers, will be providing a $45 million mezzanine loan, backed by a $105 million senior mortgage loan from Bank OZK. The financing will be used to fund the acquisition of an existing condominium in the Edgewater neighborhood of Miami in preparation for the future development of an ultra-luxury branded residential development on the property.

"This closing signifies our bullish investment thesis in South Florida development and the Miami market in particular," said Andy Klein, Managing Director and Co-Head of Investments at Lionheart Strategic Management. "We are continuously seeking high-quality investment opportunities in growth markets, and this property's irreplaceable waterfront views and proximity to Brickell, Downtown Miami, Wynwood, the Design District and Miami Beach present an undeniably attractive value proposition for future redevelopment. We are excited to partner with Bank OZK and Two Roads Development on this endeavor and look forward to all this project will bring to the area."

As waterfront property and development sites become scarce due to high demand in the Miami market, developers have shifted their sight to buying out older condominium buildings to demolish and develop. Two Roads Development plans to redevelop the 3.5-acre waterfront site of Biscayne 21, an existing 191-unit condo building located at 2121 N. Bayshore Drive in the Edgewater neighborhood of downtown Miami, into an ultra-luxury branded residential development. The project will be designed by Arquitectonica.

"Over the last decade, Two Roads Development has helped put Miami's Edgewater district on the map as one of the City's most in-demand residential neighborhoods with successful luxury condominium developments including Biscayne Beach and Elysee. Plans for our newest development, which will feature a signature architectural design by Bernardo Fort-Brescia of Arquitectonica, include a mix of ultra-luxe condominiums and signature branded residences that will elevate Edgewater's global appeal as Miami's premier enclave for luxury high-rise living," said developer Taylor Collins, managing partner of Two Roads Development. "We are pleased to partner with Lionheart and Bank OZK on this exciting new development."

Andy Klein, Robert Kamenec, and Benjamin Eshiwani led the transaction for Lionheart Strategic Management. Avison Young’s Florida Capital Markets Group led by John K. Crotty, Michael T. Fay, David Duckworth and Brian C. de la Fé negotiated the sale on behalf the Biscayne 21 unit owners.

Elysee Reports $30 Million In Sales As Tower Nears Completion This Fall In Edgewater

Two Roads Development plans to deliver their Elysee condo tower in the next 60 days so that residents can enjoy their new home in time for winter as the COVID-19 pandemic and a fast-approaching winter season has sparked demand for South Florida property from northeast buyers. Buyers are now prioritizing space and privacy, with Elysee set to deliver in the next couple of months, the building has stood out among buyers who prefer the convenience of living in a boutique, fully-serviced condo over owning a home. 

The project’s sales team, Douglas Elliman Development Marketing, is also reporting that the tower is over 75% sold with over $30 million in new contracts since the 649-foot, 57-story tower topped off construction at the end of last year, with domestic and international buyers about equally represented. The boutique condo tower offers only 100 half-floor and full-floor units with remaining residences priced from about $1.9 million to approximately $10 million. The condominium is slated to become the tallest residential building in Miami’s Edgewater neighborhood upon its completion this fall.

“Now more than ever, buyers want space,” said developer Reid Boren, managing partner of Two Roads Development. “We’re seeing many prospects, especially those coming from dense cities in the northeast, who are attracted to Elysee’s boutique model, expansive floorplans and walkable location just a short bike ride away from Miami’s best waterfront parks and beaches. With the building’s completion on the horizon, we’re excited to be welcoming our residents home later this fall.”

Designed by Arquitectonica principal Bernardo Fort-Brescia, Elysee’s telescopic design and three-tiered façade ensures that all residents will enjoy 180-degree bay and city views. Located at 788 NE 23rd Street, fronting Biscayne Bay, the property enjoys one the area’s most coveted waterfront locations, and is destined to take its place among Downtown Miami’s most iconic buildings in the changing cityscape. Elysee’s interior common spaces are designed by Parisian designer Jean-Louis Deniot, acclaimed by ELLE Decor and Architectural Digest as one of the world’s preeminent talents in architecture and interior design.

“We are continuing to experience a strong demand in the Miami market from discerning buyers who want to take advantage of the year round weather and tax benefits,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Elysee has shown a tremendous amount of activity for buyers looking to luxury new construction that provides ample space, without the maintenance of a single family home. We look forward to the ongoing success as the building comes closer to completion.”

Residences at Elysee range in size from 2,200 and 6,600 square feet, with a choice of three- to six-bedroom layouts. All will feature private elevators and foyers, ceilings of 10-feet or higher, impact-resistant glass windows and sliding doors, and customized Waterworks® master bathroom fittings and fixtures. Gourmet kitchens sport ItalKraft® cabinetry, Wolf® gas ranges and professional grade Sub-Zero® appliances. Expansive east- and west-facing terraces frame unparalleled sunrise and sunset views.

Elysee residents will enjoy access to three full floors of amenities. At the Grand Lobby level, these will include an elegant marble lobby and living room area, bayfront lounge and waterfront sunrise pool. The building’s seventh-floor amenity level will offer a resort-size sunset pool; fitness center and yoga studio; blow-dry bar; children’s playroom; and a spa with private sauna, steam and massage rooms. The Sky Level, encompassing the building’s entire 30th floor, invites large-scale entertaining with a Grand Salon lounge and bar area, Grand Dining Room with seating for up to 24 guests, catering facility and chef’s table, library, private screening room, and media room.

Last summer, Two Roads Development announced the sale of the tower’s raw/unfinished 11,600 square foot, three-story penthouse, which sold for a record $12.8 million, marking it the highest price paid for a private residence in the city’s Edgewater enclave.

Renderings via Two Roads Development

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Two Roads Development & Alpha Blue Ventures Launch The Arquitectonica-Designed Forté In West Palm Beach

A development partnership between Two Roads Development and Alpha Blue Ventures has launched Forté, a boutique luxury waterfront condo project, coming to West Palm Beach. Forté, which was approved in early March 2020, will be located at 1309 South Flagler Drive and Douglas Elliman Development Marketing will be the project’s exclusive sales and marketing brokerage.

Forté is designed by Bernardo Fort-Brescia of Arquitectonica and will rise 24-stories with only two residences on each residential floor. The expansive three- and four-bedroom residences will range from 4,200 SF to 8,400 SF with the option to combine residences for a full-floor home. Forté’s six-bedroom penthouse will span 8,900 SF of interior space and 2,000 SF of outdoor terrace space that includes a summer kitchen, a cabana bath and 360-degree views from a private pool. Every residence will provide unmatched views of the Intracoastal Waterway and Palm Beach island.

“Forté’s location in downtown West Palm Beach along the Intracoastal Waterway presents a rare opportunity for future residents to experience waterfront living in a vibrant and walkable downtown setting,” said Taylor Collins, managing partner at Two Roads Development. “Coinciding with the debut of our sales gallery, we look forward to the advent of construction and to making this project a reality.”

“We are excited to work with Two Roads Development and Alpha Blue Ventures on this groundbreaking project in South Florida,” said Jay Phillip Parker, CEO of Douglas Elliman’s Florida Brokerage. “Palm Beach County has seen a record-breaking year and with the market’s continued strength, we anticipate extremely strong interest in Forté and look forward to the project’s success.”

Two Roads Development, Alpha Blue Ventures and Douglas Elliman Development Marketing are currently completing a residential sales gallery which will soon open adjacent to the project site on South Flagler Drive. Pricing is expected to start at $4.9 million.

Images via Two Roads Development and Alpha Blue Ventures

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Two Roads Development’s Elysee Tops Off In Edgewater

Two Roads Development and John Moriarty & Associates has officially announced the top off of Elysee, their luxurious new waterfront condo in Edgewater that now rises 57-stories, 649’. Elysee is now the tallest tower in Edgewater and roughly the 10th tallest tower in Miami. The Arquitectonica-designed tower’s striking three-tiered telescoping shape ascends into the sky, creating a bold, multi-tiered silhouette providing direct 180-degree water and city views from every residence. Elysee’s interior design concepts were designed by Paris-based designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who is behind the building’s common area amenity spaces. Elysee features 100 residential units which span either a half floor or full floor with pricing ranging from $1.8 million to over $10 million. Completion is scheduled for 2020.

Elysee’s 7th-floor amenity level will include a luxury spa with private sauna, steam and massage rooms. For large-scale entertaining is Elysee’s Owners’ Sky Lounge, which encompasses the building’s entire 30th floor level and will be home to a big comfortable media room. Residents can also offer overnight visitors their own private accommodations in one of the building’s guest suites which were also designed by Jean-Louis Deniot. The two fully-furnished guest suites can be utilized by resident reservation only on a first come first serve basis. Similar to a hotel suite, guests would receive their very own key and elevator code, while also having access to all of the building’s amenity spaces.

For more information please visit the sales center at 2955 NE 7th St., Miami, call 305-768-9719 or visit www.elyseemiami.com.

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The Arquitectonica-Designed Elysee Begins To Take Shape In Edgewater As Construction Passes The Halfway Point

Edgewater’s newest luxury high-rise to grace the Miami skyline is reaching new heights. Vertical construction of Two Roads Development’s Elysee condominium, a 57-story waterfront glass tower designed by Arquitectonica rising along Biscayne Bay in Downtown Miami’s Edgewater neighborhood, has surpassed the halfway mark. The building’s general contractor, John Moriarty & Associates of Florida, has reached the skyscraper’s 35th floor, with about one full level expected to be completed every week going forward until top-off later this year in November. Delivery of the 649’-tall building is slated for 2020.

Designed by legendary architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s striking three-tiered telescoping shape will grow larger as it ascends into the sky, creating a bold, multi-tiered silhouette providing direct 180-degree water and city views from every residence. The tower’s sophisticated common areas are the creation of Parisian designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has taken cues from Fort-Brescia’s designs to create “classical contemporary” interiors that are serene, elegant and dramatic.

“At first sight the tower feels daring and maybe even whimsical when in fact it is a monument to rationality,” said Bernardo Fort-Brescia, founding principal of Arquitectonica. “In this era of technology, Elysee’s design challenges gravity and announces the triumph of man.”

“Once complete, Elysee will be a retreat in the center of one of the most desirable parts of Miami,” said developer Reid Boren, managing partner of Two Roads Development. “Elysee’s boutique exclusivity, idyllic bayfront location, commanding views and world-class amenities will brand it as a standout property for a long time to come.”

Priced from about $1.8 million to upwards of $10 million, Elysee’s 100 half-floor and full-floor residences range from three- to six-bedroom layouts measuring between 2,200 and 5,550 SF in size. Units include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10 to 12-foot ceiling heights, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, and flow-through floorplans with 2-terraces for sunrise and sunset views. Amenities include 2 resort style pools, a health club with state-of-the-art fitness center, yoga studio, spa with sauna, steam and shower facilities and private massage rooms, exclusive entire 30th floor Owners Sky Lounge featuring a great room, a grand salon entertainment area with a full bar and piano lounge, grand dining room, wine room, chef’s kitchen, library, and Elysee Attaché, a premium concierge service that will be available to residents 24/7 for travel arrangements, dinner reservations, concert and event tickets, etc.

Two Roads Development Unveils New Waterfront Sales Gallery For Elysee In Edgewater

Two Roads Development has unveiled the brand new Jean-Louis Deniot-designed sales gallery for the under-construction Elysee Miami condominium in Edgewater. The waterfront sales gallery, located directly on Biscayne Bay at the developer’s neighboring luxury high-rise Biscayne Beach, gives buyers and brokers a taste of what luxury living will look like in the heart of the Miami at Elysee. Notable guests at the elegant cocktail reception included Two Roads Development’s Reid Boren, Taylor Collins and Jim Harpel, as well as members of Douglas Elliman’s executive leadership team including CEO Jay Parker and EVP/Managing Director Cathy Strafaci. The 57-story luxury tower’s famed interior designer, Jean-Louis Deniot, was in town from Paris to celebrate at the event.

Elysee was designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica and interiors created by France’s top designer Jean-Louis Deniot. When complete the 57-story waterfront tower will be home to 100 half-floor and full-floor residences priced from about $1.5 million to $10 million upon its completion in 2020.

Photos via World Red Eye

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Construction On Two Road Development's 57-Story Elysee Miami Passes 18th Floor In Edgewater

Construction at Two Roads Development’s Elysee Miami, the 98-unit, 57-story condominium project rising at 788 NE 23rd Street along Biscayne Bay, has reached the 18th floor after breaking ground in December 2017. When completed Elysee will rise 648’ tall and will be one of the tallest condominium towers in Downtown Miami. John Moriarty & Associates is the general contractor on the project. Elysee is expected to be completed in 2020 and is being developed in partnership with the New York-based DW Partners. Sales at Elysee have reportedly been steady and the tower is roughly 50% sold. As the development team looks to sell the remaining residences over the next 18 months, Douglas Elliman Development Marketing has taken over as the exclusive sales and marketing team for the tower which was previously overseen by Cervera.

In February Two Roads Development will open a new sales gallery in the nearby Biscayne Beach Residences, which they developed and delivered in 2017. The sales center which will encompass 5,500 SF of indoor and outdoor space with panoramic views of Biscayne Bay and will also feature high ceilings, emulating a finished residence at Elysee Miami and offering prospective buyers a preview of the elegant designs created by interior designer Jean-Louis Deniot.

Elysee was designed by architect Bernardo Fort-Brescia of Arquitectonica with a unique, 3-tiered telescoping shape and will provide direct 180-degree bay and city views from every residence. The tower’s elegant design concepts are the creation of Paris-based designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has imagined the building’s common area amenity spaces.

Elysee will feature 98 half-floor and full-floor residences priced from $1.5 million to $14 million and ranging from 2,300 SF to over 4,000 SF. Luxury residences at Elysee will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10' to 12' ceilings, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with 180-degree sunrise and sunset views. Interiors were designed by Paris-based interior architect and designer Jean-Louis Deniot. The 7th floor will feature an amenity deck which will include a resort-sized lap pool with a poolside refreshment bar, outdoor summer kitchen and barbecue terrace; waterfront fitness center and yoga studio; spa facilities with private sauna, steam and massage rooms; children’s lounge; and a blow-dry bar. The 30th-floor will feature an Owners Sky Lounge with Grand Salon lounge area and full bar; a Grand Dining Room with seating for up to 30 guests; a professional-grade chef’s kitchen and chef’s table; and a library/private theater, game room, and wine room.

For more information about Elysee Miami, private showings or purchasing/ leasing information please fill out the form below: