Robert Rivani's Black Lion Set To Bring Mexican-Based Entertainment Restaurant RosaNegra's First U.S. Location To SLS Brickell

Real estate investor and President of Black Lion, Robert Rivani, is set to bring the U.S. debut of internationally-recognized entertainment restaurant RosaNegra to Miami’s Brickell Financial District. The Mexico-based Grupo RosaNegra signed a 10-year lease with Rivani to occupy the coveted ground floor space at SLS Brickell. Fabio Faerman and Sebastian Faerman with FA Commercial represented both sides of the transaction.

“Bringing this legendary restaurant group to South Florida is right on brand with Black Lion’s grand vision to transform the way Miami does hospitality,” said Robert Rivani, President of Black Lion. “RosaNegra will add an incredible energy to the area’s social scene and elevate the luxury restaurant experience in Brickell.”

The SLS Brickell location will be RosaNegra’s flagship outpost in the U.S. and its sixth location worldwide. A tribute to Latin American cuisine and culture, RosaNegra breaks traditional patterns of formality by fusing gourmet culinary experiences with high-level entertainment and personalized attention.

RosaNegra will occupy 13,634-square-feet at the SLS Brickell on South Miami Avenue, around the corner from Bad Bunny’s Japanese-inspired restaurant Gekko at the SLS LUX Brickell condo building, the space of which is also owned by Rivani. Expected to open in Spring 2024, the restaurant will also feature 4,634-square-feet of outdoor space.

Passionate about incorporating high-quality products and the freshest ingredients into the restaurant’s eclectic menu, RosaNegra explores gastronomic traditions from Peru, Argentina, Colombia, Brazil and Mexico. Meticulously designed signature dishes are infused with authentic and daring flavors from around the globe, including Tasmanian smoked trout, Spanish carabineros, and Wagyu from Japan. Beautifully presented artisan cocktails are made using signature infusions and natural ingredients. The multi-sensory culinary experience is enhanced by a vibrant atmosphere with a mix of live music, a resident DJ and high-level entertainment, creating unforgettable moments.

The deal is the latest addition to Black Lion’s elite dining portfolio. Black Lion’s portfolio value exceeds over $200 million in acquisitions across South Florida with a noteworthy collection of high profile restaurant tenants, spread from Miami Beach to Wynwood, and from Brickell to Downtown. The collection includes Gekko in Brickell SLS LUX; Philippe by Philippe Chow anchoring One Ocean South Beach; Catch Miami Beach at the Continuum high-rise; Amara at Paraiso with chef Michael Schwartz; Wynwood Jungle with a newly opened Fable rooftop restaurant; GAIA on the ground floor of the Marea condo building; and Delilah at Brickell Bay boardwalk.

Images via Black Lion / RosaNegra

Alex Karakhanian Sells MiMo Commercial Building On Biscayne Blvd For $6 Million

Alex Karakhanian of LNDMRK Development has sold a trophy commercial building in Miami’s MiMo District fronting Biscayne Blvd for $6 Million. The adaptive-reuse property was sold completely vacant and without any TDRs or TDDs, which are in contract to be sold to a developer. The building, which is located at 6654 Biscayne Blvd, spans 10,500 SF on a 19,200 SF lot which is zoned T5-O/T5-L - T5-O: 13,200 SF +/- T5-L: 6,000 SF +/-. The transaction was brokered by Lyle Chariff and Mauricio Zapata of Chariff Realty Group.

Karakhanian, who owns several other properties in the area and has sold others, has long been invested in the growth of the MiMo neighborhood. He initially purchased 6654 Biscayne Blvd, which was previously the Center for Independent Living of South Florida, for $4.6 million in 2016 before renovating the property into office / retail.

Image via Chariff Realty Group

Case Study: Inside An $80 Million Recapitalization of a Multifamily In Port Orange, FL

Eyzenberg & Company, a real estate investment bank with offices in Miami, New York and Washington DC, recently arranged a unitranche preferred equity and senior debt package to effectuate the pay off of a general partner buy a foreign limited partner on a mid-lease up multifamily property in Port Orange, FL. PROFILEmiami had the exclusive opportunity explore the process with David Eyzenberg, the founder of Eyzenberg & Co. and one of the industry leaders in ground leases.

Challenges

The general partner was seeking to exit a completed development mid-lease up while the limited partner desired to complete the stabilization of the property and hold until a less volatile capital markets environment. Since the limited partner has no domestic assets, they were not able to directly provide the balance sheet requirements necessary to secure a new senior loan with the GP. Furthermore, a rising interest environment coupled with escalating operating costs was making it harder to qualify for the requisite financial metrics. The closing was very time sensitive as the expiring interest reserve on the original construction loan would have triggered carry guarantees for the general partner.

Solutions

Eyzenberg & Company presented the opportunity to a very limited pool of preferred equity providers who had the structural capability of also providing balance sheet guarantees necessary to qualify for a senior loan. After a broader placement process for bridge financing a revised strategy entailed levering down the senior loan, allowing for a bank execution and getting a second tranche of preferred equity at a fixed cost so that the blended WACC was equivalent to a CLO execution without having to deal with potential structural pitfalls of securitized documentation. All due diligence and closing requirements were coordinated directly since the limited partner was in a different time zone overseas. Analytical, structuring and negotiation support was provided for a partnership buyout, a revised operating agreement and loan documentation.

About Eyzenberg & Co.

Eyzenberg & Company is a commercial real estate investment bank led by David Eyzenberg. Eyzenberg & Co. is one of the industry's leading ground lease and capital advisory firm delivering full capital stack solutions for existing, transitional, and to-be-built commercial real estate projects. Affiliated entities Eyzenberg GroundCap (an institutionally backed private equity vehicle specializing in the creation and acquisition of leased fee positions) and Eyzenberg GreenCap (a joint venture with leading C-PACE firm, Greenworks Lending) provide innovative proprietary capital solutions for CRE transactions. With offices in New York, Miami, Washington D.C. Metro, and Philadelphia, Eyzenberg & Company is one of the fastest-growing real estate capital advisory firms in the U.S.

Is Miami's Population Actually Shrinking? Is The City In Trouble? Not So Fast The Numbers Say...

Last week headlines from news outlets such as the The Wall Street Journal, the Miami Herald and The New York Times rang out that Miami was in trouble and the population was shrinking fast. The articles closely followed a debacle at Business Insider after the outlet published an article claiming that in 2021 more people had moved out of Florida than either New York or California; but, Business Insider later had to retract and correct the story after one of their writers had mistakenly flipped around the numbers and published with the article without double checking. Numerous press outlets and their writers have been fast to attack all aspects of Florida from its politics to its people, climate and even lifestyle.

The recent flurry of articles targeting The City of Miami and Miami-Dade County’s population loss cite US Census Data, citing 79,535 residents moved out of Miami in from 2020 to 2022 and were compiled using a report from Brooking Institute. The report compiles 38 counties with over 500K in population. The report shows that The City of Miami and Miami-Dade County only lost population during the peak of the COVID-19 Pandemic, from July 2020 to July 2021. With same data set after peak the peak Covid-19 Pandemic year, both Miami-Dade and Miami returned to population gain, while New York and Los Angeles did not. Miami-Dade was one of 11 counties of which returned to population growth that year, from 2021 to 2022. The drop in population was contributed to by closed boarders and other factors caused by the pandemic, but the numbers fail to show the claimed multi-year population drop that has consistently been headlined.

One of the targets of the articles was Miami’s real estate market, in which rising prices have driven some residents to look for cheaper housing elsewhere, while local housing is absorbed by high-income earners moving into Miami. IRS data shows that during 2020 to 2021 shows 45,430 people moved into Miami-Dade County, up 15% from the level in 2020, 39,562 people, and up 20% from the level in 2019, which was 37,630. According to a report by Miami REALTORS using IRS data, households that moved into Miami-Dade rose by $10.4 billion in adjusted gross income, which was up 131% from 2020, where the number was just $4.5 billion. During this period households that moved out of Miami had an adjusted gross income of $3.9 billion, for a $6.4 billion gain.

These new high earning residents have driven rent prices up well over pre-pandemic pricing despite the boost in new inventory coming online. Miami ranks 7th in the nation for housing shortages, reflected by its job growth-to-building permits ratio of 20.2. The data shows that the growth of the job market is outpacing the construction of new housing units. As a result, the limited housing supply leads to increased housing costs and affordability challenges for residents. While there may not be the same mad scramble for real estate as in 2021, Zumper data shows that the average rent in Miami for a 1-bedroom apartment in August 2023 is $2,763, an 8% increase over the previous year. The average rent for a 2-bedroom apartment in Miami is $3,800, an a 11% increase over to the previous year.

While Miami’s resident population number may fluctuate as the city grows, one number has shown Miami-Dade County’s strength on a global scale. Data from The Greater Miami Convention and Visitors Bureau showed that in 2022 over 26.5 million visitors came to Miami-Dade County, resulting in $20.8 billion in tourism revenue, up 8% from 2021. Nights booked at hotels were up 12.7% during that period where gross hotel revenue grew by 29% and occupancy up 8%.

The conclusion shows that while The City of Miami and Miami-Dade County's population may fluctuate, especially as the city and county continue to grow and add new jobs and infrastructure, the population is still on the rise and showing positive velocity while high-income earners are moving into the city and driving its growing economy. Miami-Dade County has grown into a global leader for finance and tourism as a new wave of commercial development continues to activate the city. The City of Miami and Miami-Dade County are global hotspots for business, travel and migration, not showing the signs of a troubled metro-area.

Sources:

[1] Wall Street Journal - “Miami Sees Its First Population Drop in Decades”

[2] Fox News - Business Insider corrects story claiming mass migration out of Florida after backlash: 'We got it wrong'

[3] Brookings Institute - Pandemic-driven population declines in large urban areas are slowing or reversing, latest census data shows

[4] United States Census Bureau - Growth in the Nation’s Largest Counties Rebounds in 2022

[5] Analytics.Miami - https://www.instagram.com/reel/CvssQQqtsdN/?igshid=MzRlODBiNWFlZA==

[6] SOI Tax Stats – Migration Data | Internal Revenue Service (irs.gov) SOI Tax Stats – Migration Data | Internal Revenue Service (irs.gov)

[7] Miami REALTORS - “In-Migration Boosted South Florida Household Income by $16 Billion in 2021”

[8] Zumper - https://www.zumper.com/rent-research/miami-fl

[9] The Greater Miami Convention and Visitors Bureau

Focus Reveals Plans For Residential Project At Former Starlite Motel East Site in Brickell

Focus, a Chicago-based real estate development and construction firm, has revealed plans for the redevelopment of the former Starlite Motel East site in Brickell. The project will be Focus’ first project in South Florida and follows the Miami-Dade County Board of Commissioners' recent approval of the rapid transit zone (RTZ) designation for the site where Focus plans to develop a new luxury housing development which blends contemporary design with the city's unique cultural heritage. The project is designed by Gensler and set to include 516 residential units, ground-floor retail, rooftop amenity spaces and 506 parking spaces. Focus acquired the site for $28 million in November 2022.

“We are thrilled to progress our plans and designs in the Southeast region of the United States, focusing on Florida right now," said Tim Anderson, CEO and Founder of Focus. "As Focus celebrates a 30-year history of responsible and sustainable development, we will continue to dedicate ourselves to creating projects that contribute positively to the communities we serve. Miami's vibrant metropolis, with its walkable urban cores, offers a dynamic and energetic environment that aligns perfectly with our mission.”

Celebrating 3 decades in business, Focus holds an exceptional reputation for delivering high-quality, design-driven buildings that seamlessly integrate into their surroundings. Focus’ portfolio includes properties in Chicago, Evanston, Forest Park, Highland Park, Lake Forest, Oak Park, Vernon Hills, Wheaton, and Winnetka in Illinois.

Renderings via Focus

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'Kiki On The River' Launches 70-Foot Yacht 'Kiki at Sea' For Daily Charters

Kiki on the River has revealed its newest amenity, Kiki at Sea, luxury yacht charter experience available for private charters, bringing the legendary restaurant’s gourmet Greek cuisine, sophisticated party vibes and world-class service to Miami’s scenic waterways. The stunning and spacious 70-foot yacht is elegantly appointed and features four staterooms, three dining areas, marble bathrooms and a super flybridge with retractable roof. There are three levels to spread out on, with a forward deck for sunbathing and sightseeing.

Departing from Kiki on the River’s waterfront location on the Miami River, there are several curated itineraries highlighting Miami’s most iconic waterfront destinations like Marine Stadium, Star Island, Monument Island, Millionaire’s Row, Stiltsville or Fisher Island.

Each charter is staffed by an expert captain and steward, with extra staff available upon request. Kiki at Sea’s professional hospitality team will tailor the charter for every occasion, from food and beverage to entertainment and watersports.

Dining at sea feels more delicious and decadent, especially with popular dishes from Kiki on the River’s world-renowned Mediterranean menu. Chef Steve Rhee’s family-style highlights include Greek Spreads & Dips, Greek Tomato Salad, Lobster Salad, Chicken Skewers, Grilled Octopus, Grilled Whole Fish, Lamb Chops and Lobster Pasta. End on a sweet note with Baklava, Greek Yogurt or a Fresh Fruit Platter.

Cocktail packages with top-tier liquor, Champagne, wine and mixed drinks are available to get the party started. Kiki’s in-demand entertainers will further elevate the festivities, from DJs and a saxophonist to AquaJet performers and even a Champagne gun show. Personalized décor and celebratory items like custom cakes can also be added with advanced notice.

Guests can enjoy music from anywhere on the yacht with a custom-designed, state-of-the-art sound system boasting 25 speakers. The DJ-ready system features multiple plug-ins throughout the ship, which means the entertainment can be stationed practically anywhere. At night, full LED lighting, both interior and exterior, enhances the party ambiance.

Outdoor enthusiasts will want to reserve aquatic toys and inflatables spanning jet skis, a water trampoline, blowup platform, electric surfboard, eFoil, paddleboards, floating lounge or Funboy cabana. A hydraulic swim platform makes it easy to engage in watersports from the aft of the yacht. Or opt for a more relaxing day with massages on board.

Kiki at Sea can accommodate up to 12 guests, and charters range from half- and full-day excursions. There’s no need to bring anything other than a bikini or swim trunks because full plating, silverware and glassware are included with the charter, as well as towels, blankets and custom Kiki bathrobes.

FIRST ON PROFILE: DAMAC Sets The Record Straight Addressing Misconceptions Following Special Commission Meeting, To Proceed With Submission B

FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer renowned for setting ambitious standards in design and innovation around the globe, and the developer behind the forthcoming Zaha Hadid Architects-designed ultra-luxury condominium at 8777 Collins Avenue in Surfside, is setting the record straight to address misconceptions and misinformation following the July 25th Town of Surfside Special Commission Meeting in order to promote an informed dialogue. The developer is set to move ahead with Submission B, the wedding cake design which meets all current Town zoning requirements.

In June 2023, DAMAC submitted an application for site plan approval incorporating two design variations by the world-renowned architectural firm Zaha Hadid Architects for 8777 Collins Avenue to the Town of Surfside. As part of the application, DAMAC submitted two design variations with a common theme. The submission was based on alternative interpretations of the Town’s regulations. Submission A features consistent elevations on all sides and Submission B, colloquially referenced as the “wedding cake,” steps in on the South elevation.

Following the Town Commission vote on July 25th not to proceed with an ordinance that would, if adopted, establish a mechanism for Commission to provide setback flexibility for sites in the H-120 zone, DAMAC will be proceeding with Submission B, which is the wedding cake design. Submission B meets with all current Town zoning requirements but the proposed development at 8777 Collins Avenue is not without challenges.

The developer understands the unique and significant sensitivities involved with this property and remains committed to addressing concerns and to maximizing benefits for stakeholders while also ensuring privacy for future residents of its exclusive boutique condominium.

There have been several myths surrounding the proposed development and facts to dispel inaccuracies responded to in a statement provided by DAMAC International to PROFILEmiami can be found below:

MYTH 1:

A nefarious meeting was held in Dubai between the developer and Mayor of Surfside, and the developer bankrolled the trip for its own gain.

FACT:

Not true. As part of a planned journey to Israel for his son’s graduation last year, the Mayor of Surfside had a prearranged stopover in Dubai. During this stopover the Mayor of Surfside attended a meeting, suggested by senior management at DAMAC International, to meet with the DAMAC Chairman. This allowed them to meet for the first time and casually discuss the developer’s plan for 8777 Collins Avenue and how a memorial might be accommodated on site.

DAMAC strongly objects to any inference of wrongdoing. It should also be noted that DAMAC did not pay for any flights, accommodation or any other expenses incurred by the Mayor during his stay.

MYTH 2:

A memorial to the victims of the Champlain Towers South disaster will/should be located in the center of the property.

FACT:

The Town of Surfside and the Town’s Memorial Committee have already agreed to a memorial immediately adjacent to the property on a portion of 88th Street. This decision is memorialized in the Town’s Resolution Number 2022-2853, passed on January 11th 2022, whereby the town manager was directed to pursue all governmental approvals necessary to permanently close a section of 88th Street located in between Collins Avenue on the west and the public beach to the east for a memorial park and pedestrian plaza.

DAMAC purchased the property out of receivership as part of a court-directed process to fund a compensation fund for victim families. There is no condition of the sale requiring a memorial to be located on the site.

Despite being under no obligation to accommodate an onsite memorial, DAMAC has attended and partook in discussions with Surfside Commissioners and members of the Town’s Memorial Committee more than a year ago, to discuss the potential to incorporate a memorial on the property. The ordinance modifications necessary to facilitate a memorial on the site was subsequently rejected by the Town of Surfside on 25th July 2023.

MYTH 3:

DAMAC proposed the potential setback ordinance modifications discussed by the Town Commission on July 25th for its own benefit.

FACT:

The ordinance modification was proposed by Town management following meetings with victim families where some family members had asked for the opportunity for an extension of the public memorial on the property. The ordinance, if adopted, would provide the Town Commission the flexibility to adopt modified setbacks for the property that would, in turn, allow additional space to be created for an extension of the public memorial space. The ordinance change is not necessary for the development of the property as proposed.

MYTH 4:

If the ordinance reviewed on July 25th is ultimately approved, DAMAC would be the sole beneficiary of the ordinance and would receive 37,600 square feet extra buildable area (worth $50 million) as a result.

FACT:

Not true. First, the proposed ordinance would apply to all H-120 zoned land and is not exclusive to the property.

Second, DAMAC’s current plan Submissions are roughly equal in overall size and the application of the proposed ordinance would not result in additional floor area.

The Town Attorney clarified this issue at the July 25th Commission meeting. See link to video here.

Niall Mc Loughlin, DAMAC International Senior Vice President of Communications concluded “We also note comments from the previous Town Commission prior to the sale of the site (and repeated by the former Mayor at the July 25th meeting) that the Town is committed to not “down zoning” the property.”

“Given the upcoming Town elections, DAMAC would not be surprised to see further caustic ‘political theatre” in Surfside, additional grandstanding, and attempts to derail the project and publicly discredit the company for political gain or self-interest. We are confident that the submitted project is consistent with the Town’s regulations and look forward to continuing to work with the Town and stakeholders,” said Niall Mc Loughlin.

Renderings via DAMAC International

This article was published via a statement provided by DAMAC International. PROFILEmiami takes no ownership or responsibility behind any of the statements in the above article. All statements should be independently verified.

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Case Study: Inside A $95 Million, 10-Acre Ground Lease For A 400-Unit Multifamily Development By Eyzenberg & Co.

Eyzenberg & Company, a real estate investment bank with offices in Miami, New York and Washington DC, recently structured a ground lease and appointed a developer for a $95 million, 10-arce, 500,000+ square foot 400-unit multifamily property, located in Bonita Springs Florida. PROFILEmiami had the exclusive opportunity explore the process with David Eyzenberg, the founder of Eyzenberg & Co. and one of the industry leaders in ground leases.

Challenges

The landowner was master planning a 68-acre mixed-used site and was seeking an alternative structure to monetize the various components of the development. Though the optionality of converting land into a fixed income asset via a ground lease was appealing, the suburban location on the west coast of Florida was perceived to be a deterrent to the structure.

Solutions

Eyzenberg & Company conducted a broad marketing process focused on experienced multifamily developers. To better access a broader market, other intermediaries were invited to present the opportunity to their client base. A ground lease was structured such that potential future economic ambiguity was minimized thus creating an attractive development opportunity for would be builders. Potential bidders and their capital partners were educated on the ground lease structure and its inherent benefits. Ultimately a leasehold developer was selected and all of the lessors desired business terms were achieved.

About Eyzenberg & Co.

Eyzenberg & Company is a commercial real estate investment bank led by David Eyzenberg. Eyzenberg & Co. is one of the industry's leading ground lease and capital advisory firm delivering full capital stack solutions for existing, transitional, and to-be-built commercial real estate projects. Affiliated entities Eyzenberg GroundCap (an institutionally backed private equity vehicle specializing in the creation and acquisition of leased fee positions) and Eyzenberg GreenCap (a joint venture with leading C-PACE firm, Greenworks Lending) provide innovative proprietary capital solutions for CRE transactions. With offices in New York, Miami, Washington D.C. Metro, and Philadelphia, Eyzenberg & Company is one of the fastest-growing real estate capital advisory firms in the U.S.

FIRST ON PROFILE: Indian Creek Residences & Yacht Club in Bay Harbor Locks Down $29 Million Construction Loan

FIRST ON PROFILE: The New York and South Florida-based Landau Properties has closed on a construction loan for Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands, a boutique residential property, which will include condominium residences and a private marina. Construction on the development is now underway and sales will formally launch this fall led by Official Partners which was founded by Oren and Tal Alexander of the Alexander Team.

Miami-based private real estate lender BridgeInvest originated the $29 million loan to finance the ground-up construction of Indian Creek Residences & Yacht Club. It is the firm’s most recent transaction in its flagship fund, BridgeInvest Specialty Credit Fund IV, which focuses on development, bridge and value-add lending throughout the U.S. Raffi Landau of Estreich and Company arranged the construction financing provided by BridgeInvest.

“We are pleased to have the confidence of BridgeInvest on this very special project that will offer an unparalleled opportunity on the Bay Harbor Islands,” said Jonathan Landau, Founder and CEO of Landau Properties. “We received strong lender interest for this project, and this financing package affirms our team's ability to create an incredible residential experience with a combination of an amazing waterfront location, service-oriented lifestyle and world-class design. BridgeInvest, a highly regarded lending institution in South Florida, proved to be the perfect partner given their established local presence and robust construction abilities. It was a pleasure getting to know the BridgeInvest team and working with them on this transaction. Indian Creek Residences & Yacht Club has already captured interest from today’s most discerning buyers, and we look forward to seeing the building come to life, with demolition now underway.”

“We are excited to finance a unique, design-forward, boutique project on one of the best developable waterfront lots in Bay Harbor Island,” said Alex Horn, BridgeInvest managing principal and founder. “Jonathan Landau and his team are already proving their abilities to leverage their decades of development experience as they embark on creating the Landau Properties brand. We wish them continued success."

Indian Creek Residences & Yacht Club, which Landau Properties acquired the site for in 2022, will bring nine luxury condominium homes and six private yacht slips. The boutique building provides one of the only private yacht clubs in the area, as well as a sought-after opportunity to overlook the coveted Indian Creek Island. The waterfront development is being designed by Kobi Karp with interiors by Linda Zarifi of Zarifi Design.

Renderings via Landau Properties

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Pacific & Orient Properties, LLC Celebrates Construction Milestones for 7918 West Drive in Miami’s North Bay Village

7918 West Drive, a 21-story, 54-residence waterfront condominium development in Miami’s North Bay Village, has passed significant milestones in construction as the building’s foundation through third level are now complete with significant progress completed on the parking garage. Additionally, concrete has been poured on the 6th level as well as the verticals (columns and shear walls). The foundation for the south section of the parking garage is completed as well. The estimated completion date for the development is the first half of 2025. 7918 West Drive is being developed by Pacific & Orient Properties, LLC.

“The meticulous planning and execution of the construction process have been instrumental in achieving this milestone,” said Chan Thye Seng, CEO and Managing Director of Pacific & Orient Properties, LLC. “We are excited to be a part of the rediscovery that is happening in North Bay Village and to redefine the standards of waterfront living in North Bay Village.”

Thornton Residential is the general contractor, and Juan Azulay, founder and director of MTTR mgmt, is the project architect. The building’s lobby features the design of ONE DESIGNS Co. Ltd, a Tokyo-based multidisciplinary architectural design firm. For those seeking a home that simply redefines attention to detail, the firm includes architectural designers and first-class certified architects who bring the expertise of Japanese construction and interior design.

7918 West Drive is the firs new residential project to break ground in North Bay Village in over a decade and is uniquely designed, offering cutting-edge technology throughout. Since its groundbreaking ceremony in February 2023, the development has been making impressive strides, solidifying its position as a symbol of architectural excellence in South Florida due to its exceptional design and meticulous attention to detail.

7918 West Drive is a collection of dramatic residences, where east meets west. Aerial views show the distinctive architecture and landscape elements that define every floor plan and each unit, respectively. Its combination of Japanese-inspired culture, spectacular design and modern, high-tech living sets the project apart from the rest. The community offers a Zen Garden, yoga space and water elements to create an indoor-outdoor feel.

Kitchens will feature modern cabinetry by SieMatic, premium countertops and surfaces by Cosentino, and quality Miele appliances. Residences will also feature Hansgrohe and Kohler plumbing fixtures. In addition, 7918 West Drive’s advanced technology will include customized software automatization for the latest in privacy, security and convenience.

Situated on a 33,600-square-foot lot on the Intracoastal Waterway, 7918 West Drive will feature 15,224 square feet of common areas, 148 parking spaces and 16 storage units.

Residences are priced from $2 million to over $17 million and range in size from 1,677-7,086 square feet total, each residence will feature a minimum of two bedrooms, with at least two view exposures to Biscayne Bay. With only four units per floor, all residences are corner units with each balcony having an irregular shape and irregular ceiling shape, providing partially shaded and partially sunny areas.

The combination of a thriving neighborhood, proximity to major cities, and serene waterfront living make North Bay Village and 7918 West Drive a highly desirable location for those seeking a luxury condo in South Florida.