Naftali Group Secures $40 Million C-PACE Financing Loan for JEM Private Residences in Downtown Miami's Miami Worldcenter

New York City and Miami-based real estate development and investment firm Naftali Group has secured a $40 million in C-PACE financing loan for the development of JEM Private Residences in Downtown Miami. The financing was provided by Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, the $1 trillion+ asset manager.

“Securing this C-PACE loan represents another major milestone for JEM Private Residences as we continue to bring this exciting project to fruition,” said Miki Naftali, Chairman and CEO of Naftali Group. “Building on the momentum of our record-breaking groundbreaking just five months after launching sales, we are thrilled to see the development progressing. We are looking forward to completing this fantastic project.”

C-PACE, which stands for Commercial Property Assessed Clean Energy, provides flexible financing solutions for sustainable commercial real estate projects. Available in 40 states and Washington D.C., C-PACE has grown rapidly as an attractive alternative financing solution within the commercial real estate market. C-PACE financing will be used to fund the building’s energy efficiency and resiliency measures, including envelope, lighting, structural materials, water efficiency measures, energy efficiency consulting, and elevator systems. Through C-PACE, the sponsor was able to reduce the blended cost of capital for the project.

Chris Lawton, Managing Director, Head of Originations, NGC, said, “We were honored to partner with Naftali Group to fund this impressive new development. By leveraging C-PACE’s accretive financing, the Sponsor was able to lower their project costs, while gaining liquidity during the early stages of development. This is an excellent example of C-PACE’s versatility and cost-efficiency.”

Located within Miami Worldcenter, JEM Private Residences is the jewel of Downtown Miami. The luxury condominium tower designed by world-renowned firms Arquitectonica and Rockwell Group will rise over 700 feet tall and span 67 stories, defining itself as a focal point within the city. The property offers 259 condominium residences beginning from the 43rd floor to ensure all residents experience picturesque city views of Downtown Miami. The 50th floor amenity suite includes resort-style amenities such as an indoor Sky Lounge, a 60-foot outdoor pool, a state-of-the-art fitness center, a boxing arena, a yoga patio, and a spa suite, with a steam room, salt room and sauna. Additionally, the property boasts a thoughtful co-working space and a spirits tasting room awaits for a refined social experience. JEM Private Residences is slated for completion in Q4 of 2027.

Renderings via Hayes Davidson

For more information about JEM Private Residences or to inquire about purchasing a unit please fill out the form below:

The Lincoln Coconut Grove Launches Sales in Miami's Historic Neighborhood

Coconut Grove, known for its lush greenery and vibrant community, is set to welcome a new residential development that blends modern luxury with historic charm. The Lincoln Coconut Grove has officially launched sales, offering 48 meticulously designed condominiums at 2650 Lincoln Ave. Developed by Element Development and LORE Development Group, in partnership with Leste Group and Opportunity Fundo de Investimento Imobiliário, the project seeks to elevate the standard of boutique living in one of Miami’s most cherished neighborhoods.

The Lincoln offers a variety of floor plans, ranging from one to four bedrooms plus a den, with residences spanning 1,323 to 3,073 square feet. Six penthouses, each approximately 3,000 square feet, feature double-height ceilings and expansive views of Biscayne Bay, Coral Gables, and the Brickell skyline. Prices start at $1.5 million, and sales are managed by ONE Sotheby’s International Realty.

The architectural and interior designs by Paredes Architects, Design Philosophy, and CITE Arquitetura reflect Coconut Grove’s unique character. The building’s façade is inspired by the neighborhood’s iconic banyan trees, with vertical contours and root-like forms creating a blend of aesthetics and practicality. Interiors include kitchens by Snaidero, plumbing fixtures by Brizo, Porcelanosa tiles, and Miele appliances.

The property features a double-height lobby adorned with a bespoke chandelier and a sculptural bronze glass wall. Amenities include a golf simulator, event room, theater, rooftop pool deck with private cabanas, yoga pavilion, dog park and a 2,000-square-foot wellness center with hot and cold plunges, sauna and a steam room.

“The Lincoln reflects the essence of Coconut Grove’s charm while embracing modern living,” said Jorge Rucas, Director of U.S. Real Estate at LORE. “Our vision was to create a residential destination that honors the area’s history and lifestyle while positioning it for the future.”

Situated in Miami’s oldest neighborhood, The Lincoln offers walkable access to Coconut Grove’s vibrant cultural and culinary scene. Nearby attractions include Cocowalk’s high-end shopping, Michelin-recognized restaurants like Ariete and Los Félix, and local favorites such as Sadelle’s and Regatta Grove.

For more information about The Lincoln Coconut Grove or to inquire about purchasing a unit please fill out the form below:

Sales Pass 60% At 902' Tall Okan Tower Anchored by Hilton Miami Bayfront Hotel in Downtown Miami

Downton Miami’s 902’ Okan Tower, anchored by a Hilton Miami Bayfront Hotel, has reached two milestones as sales have surpassed the halfway mark and are now at 60%; in addition, construction has advanced to the 12th floor following the completion of the massive 290,000-square-foot parking podium.

Set to rise 902 feet at top off, the 70-story ultra-modern skyscraper is an architectural gem and among the tallest buildings south of New York. The mixed-use tower is being developed by Okan Group, led by Chairman Bekir Okan. Designed by internationally renowned architecture firm Behar Font & Partners, it is recognized for its fluted sculptured accents and crown.

The Okan Tower complex features a 316-key Hilton Miami Bayfront Hotel, along with 236 condo hotel units managed by Hilton Hotels & Resorts®, 163 Sky Residences, and 64,000 square feet of ‘Class A’ office space. The property enjoys a superb location at 555 North Miami Avenue in the heart of vibrant downtown Miami, within walking distance of Miami Worldcenter and some of the city’s most sought-after cultural, entertainment, dining, and shopping venues.

Buyers have hailed from around the world, including Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark. Construction of the project, led by Okan Construction LLC, is progressing rapidly, with one floor being completed per week. The building is currently at the 12th floor, with work commencing on the hotel level.

Renderings via Okan Tower

For more information about Okan Tower or to inquire about purchasing a unit please fill out the form below:

James Beard-Nominated Duo Opens Ghee a Modern Farm to Table Indian Restaurant in Wynwood

FEAL Hospitality, the renowned restaurant group helmed by James Beard Award nominees Chef Niven Patel and Mohamed “Mo” Alkassar, has opened a new Ghee Indian Kitchen in Miami’s arts-centric Wynwood neighborhood. The Wynwood location is the first step in Ghee’s planned national expansion, following the success of its original Dadeland restaurant and with Atlanta on the horizon. Known for redefining Indian dining in South Florida, Ghee has earned a MICHELIN Bib Gourmand distinction for three consecutive years (2022–2024) and captivated diners with its modern farm-to-table approach to Indian cuisine.

The new Ghee Indian Kitchen offers a mix of signature dishes from its original location alongside exciting new menu items, including mushroom momos, biryani, and a dedicated kebab section. The restaurant accommodates 120 guests, featuring indoor dining, outdoor seating, and a 10-seat bar. In a first for the Ghee brand, the Wynwood location features a full cocktail program that showcases farm-to-glass creations that incorporate bold spices and seasonal ingredients.

Among the highlights are signature cocktails such as the Golden Thread, a saffron-infused vodka sour, and the Mood Ring, a color-changing lemongrass Collins. Guests can also enjoy non-alcoholic mocktails like the Bear Necessities, featuring tamarind syrup and Seedlip Spice.

“Ghee Indian Kitchen is incredibly personal to me—it’s where my journey in hospitality truly began,” said Chef Patel. “Wynwood offers the perfect backdrop for us to evolve while staying true to our roots. I’m excited to introduce new dishes, like the kebab section, while continuing to showcase the bold, balanced flavors Ghee is known for. Wynwood is just the beginning; we’re looking toward Atlanta as our next stop.”

Ghee Wynwood will embody the creative spirit of its neighborhood with a vibrant interior design by Hybrid Creative. Inspired by a trip to India taken by Alkassar and Patel, the space will feature bespoke furnishings, including handmade bone-inlay tables and shell-inlay mirrors. At the heart of the restaurant is “Abundance II,” a painting of a family of elephants by Miami artist Matthew Herget, symbolizing Ghee’s growth and evolution.

Ghee Wynwood joins the growing list of FEAL Hospitality concepts, including Erba, an upscale Italian restaurant in Coral Gables; NiMo, a coastal Mediterranean venue in Jupiter; and Paya, an island-inspired eatery in South Beach. FEAL Hospitality, founded in 2018, has earned acclaim for its ingredient-driven menus and warm hospitality.

“Wynwood is the perfect next step for Ghee’s journey,” said Mohamed Alkassar. “This location not only brings our signature dishes closer to the heart of Miami but also elevates the brand with new experiences like the cocktail program. We’re proving that authenticity and scalability can go hand in hand.”

The all-day menu merges classic and new offerings. Highlights include:

    •    Snacks: Crispy Broccoli with mushrooms and red pepper sauce, Mushroom Momo with cashew sauce, and Yellowfin Tuna Bhel.

    •    Curries: Bell & Evans Chicken Tikka Masala, Kerala Lamb Curry, and Turmeric Marinated Fish.

    •    Kebabs & Grills: Lamb Chops with mint and cardamom, Black Tiger Prawns, and Zucchini Kofta.

    •    Desserts: Warm Sticky Date Cake with ginger ice cream and Chai Ice Cream Sandwiches.

In addition, Ghee offers a 13-dish tasting menu ($75), lunch tiffins ($24), and an Indian-inspired Hi-Chai tea service ($35), launching this month.

Chef Patel’s Rancho Patel in Homestead remains a cornerstone of Ghee’s approach, supplying the restaurant with fresh fruits, vegetables, and herbs. Additionally, the restaurant partners with sustainable fishermen and ethical livestock farmers to source high-quality ingredients. Ghee Indian Kitchen is located at 63 NW 24th Street, Miami, FL and operates daily from 11:30 AM to 11 PM.

The Calta Group Locks Down $30 Million Construction Loan For Coral Gables Townhomes 'Via Veneto'

The Calta Group, a real estate, development, and construction company led by brothers Ignazio and Gaetano Caltagirone, announced today that they have closed on a $30 million construction loan from Banesco USA for Via Veneto. The financing will fuel the development of Via Veneto, a collection of 10 ultra-luxury townhomes located in the heart of Coral Gables. Groundbreaking for this iconic project, which pays homage to Coral Gables' glorious past while introducing state-of-the-art grandeur, is slated for Spring 2025.

The sophisticated boutique project will feature 10 three-story townhomes, each offering more than 5,500 square feet of living space. Each residence offers four oversized bedrooms, four and a half baths, and expansive entertainment and living areas. Additional features include gourmet kitchens designed by Mia Cucina, renowned for its high-end Italian furnishings, and thoughtfully designed outdoor spaces with private terraces and summer kitchens overlooking a picturesque courtyard, providing an ideal blend of indoor and outdoor living.

Drawing inspiration from the neoclassical Mediterranean colonial style, Via Veneto’s exteriors combine timeless southern European elegance with modern luxury. Architectural details such as recessed entry porticoes, wrought-iron-inspired balconies, and intricate stonework complement Coral Gables' historical charm.

Each residence is uniquely distinguished by its own entry garden and façade. Within the landscaped development, residents will enjoy a trellised arched entryway, a paved motor court, and private carports alongside expansive four-car garages.

Priced from $5.7 million, Via Veneto is designed by renowned architect Nelson de Leon with interiors by Sensi Casa. The modern Mediterranean townhomes offer the added convenience of an elevator accessing all three levels.

“This construction loan represents a monumental milestone in making Via Veneto a reality,” said Gaetano Caltagirone, Co-Founder of The Calta Group. “We are proud to partner with Banesco USA, a respected leader in construction lending, to bring to life the most sophisticated project ever built in Coral Gables. Via Veneto is more than a development; it represents a culmination of our life experiences, passion, and a quest to exceed any level of sophistication Coral Gables has ever seen. This project is a legacy, a landmark that will become as iconic as The Biltmore Hotel, designed to fulfill the needs of an influx of discerning buyers attracted to this vibrant area.”

Banesco USA, an independent Florida state-chartered bank with $4.17 billion in assets and six locations between South Florida and Puerto Rico, has a strong reputation for serving a diverse clientele including the commercial and real estate sectors, small and middle-market businesses, and operating companies.

“At Banesco USA, we are committed to fostering exceptional projects that enrich the communities we serve,” said Calixto García-Vélez, President and CEO at Banesco USA. “Via Veneto exemplifies innovation and elegance, and we are proud to collaborate with The Calta Group to bring this exceptional development to Coral Gables.”

“We are proud to partner with The Calta Group on Via Veneto,” added John Cedres, Vice President – Corporate Lending Officer at Banesco USA. “This investment reflects our confidence in the strength of the Coral Gables market and The Calta Group’s track record of delivering exceptional developments that resonate with high-end buyers.”

Advisory services were provided by Jason Shapiro of CRE Capital Group.

Located at the intersection of Sevilla Avenue and Palermo Avenue, at 915 Palermo Avenue, Via Veneto offers unparalleled access to Coral Gables’ iconic landmarks, including The Biltmore Hotel, Venetian Pool, and Miracle Mile, celebrated for its boutique shopping, dining, and cultural attractions. Residents will also benefit from proximity to top-rated schools, parks, golf courses, recreational facilities, and Miami International Airport, making it an ideal choice for luxury buyers seeking convenience and sophistication.

Marketing and sales for Via Veneto are exclusively handled by Judy and Nathan Zeder, the high-powered mother/son duo with The Jills Zeder Group of Coldwell Banker Realty – the nation’s number one team as recognized by the Wall Street Journal.

MIMI Chinese Makes International Debut in Miami Beach

South Beach has officially added a new gem to its culinary crown. Big Hug Hospitality, the Toronto-based team behind some of Canada’s most celebrated dining establishments, has opened MIMI Chinese, marking their first international venture. Renowned for its thoughtful exploration of regional Chinese cuisine, MIMI Chinese has already made waves in Toronto’s dining scene, earning Michelin recognition and a devoted following. The Miami Beach location brings the same innovative and hospitality-driven experience to one of the country’s most vibrant culinary cities.

MIMI Chinese stands out for its modern approach to traditional regional Chinese cuisine. With a menu inspired by the culinary traditions of Guangdong, Sichuan, Hong Kong, and Hunan, the restaurant highlights the diversity and depth of one of the world’s oldest cuisines. Signature dishes like the Hunan Chili Sea Bass, Hidden Crispy Chicken, and Four Foot Belt Noodles showcase both traditional techniques and contemporary flair. Larger sharing plates encourage communal dining, a hallmark of Chinese culinary culture.

Culinary Director David Schwartz, a 2023 Michelin Guide Toronto Young Chef Award recipient, emphasizes MIMI Chinese’s dedication to honoring the roots of regional Chinese cuisine while adding a creative twist. “We’re thrilled to introduce MIMI Chinese to Miami Beach, a city that shares our passion for food, culture, and celebration,” Schwartz said. “Our approach is rooted in quality and tradition—a celebration of heritage with a fresh perspective.”

MIMI Chinese’s Miami Beach location offers more than just a meal; it delivers an immersive dining experience. The restaurant’s interior is designed to create an intimate and theatrical atmosphere. Dim lighting, luxurious red accents, and glossy banquettes set the stage for an evening that engages all the senses. Servers, dressed in bowties, deliver attentive service, while the aroma of Sichuan peppercorns toasting in woks fills the air. Designed without windows, the space encourages guests to escape into a world of flavor, sight, and sound.

Executive Chef Braden Chong highlights the restaurant’s commitment to top-quality ingredients and innovative presentation. “The quality of our food and ingredients is central to everything we do,” Chong said. “We’re excited to bring the artistry and vibrant energy of MIMI Chinese to Miami Beach, blending new and nostalgic flavors that honor tradition and innovation.”

The dining experience is elevated by a thoughtfully curated beverage program. Guests can enjoy an extensive selection of wines, sakes, baijiu, and signature cocktails designed to pair seamlessly with the bold and diverse flavors of the menu. Highlights include barrel-aged sakes and magnum-sized bottles perfect for sharing, ensuring the communal spirit extends to the drink menu.

Big Hug Hospitality, co-founded by David Schwartz and Brandon Marek, is the creative force behind MIMI Chinese. Known for cultivating a “Culture of Kindness,” Big Hug places employee well-being and community at the heart of their operations. With successful concepts like MIMI Chinese, Sunnys Chinese, and Linny’s in Toronto, the group has established itself as a leader in hospitality. The Miami Beach expansion marks an exciting new chapter for the team.

Instrumental in bringing MIMI Chinese to Miami is Harlo Entertainment, led by Managing Partner Brandon Marek. Harlo Entertainment specializes in creating standout hospitality experiences across North America, and their collaboration with Big Hug Hospitality promises to make MIMI Chinese a must-visit destination in South Beach. MIMI Chinese is located at 1575 Alton Rd, Miami Beach, FL. The restaurant’s thoughtfully designed space and exceptional menu make it a standout addition to the local dining scene.

Major Food Group Opens Carbone Vino in Coconut Grove

Major Food Group (MFG), the visionary hospitality collective behind Carbone, ZZ’s Club, Sadelle’s and Contessa, has opened CARBONE VINO in Miami’s ritzy Coconut Grove neighborhood. Responding to overwhelming enthusiasm for the CARBONE experience beyond Miami Beach, this new addition to the family brings the brand’s culinary artistry and iconic ambiance to the heart of Coconut Grove—plus an array of exciting features unique to the CARBONE VINO experience.

At CARBONE VINO, guests will dine on all of CARBONE’s signatures, along with a range of newly unveiled additions to the repertoire from MFG Co-Founders Chef Mario Carbone, Chef Rich Torrisi, and Jeff Zalaznick. Befitting its name, CARBONE VINO will feature one of the largest wine collections in Miami, as part of a dynamic beverage program that gives diners the opportunity to enjoy fine and rare wines by the glass that are usually only available by the bottle at other establishments.

Adding to the concept’s appeal is a world-class bar that will serve the complete menu and welcome walk-ins. This feature is unique to the Coconut Grove location, which was designed to become the kind of restaurant that diners can visit time and time again for everything from a milestone celebration to an impromptu meal orchestrated to perfection.

“We’ve been waiting for the perfect moment to continue the incredible story of CARBONE in Miami, and that time is now with CARBONE VINO. It’s a thrill to unveil a new restaurant that will share all the iconic dishes, along with a collection of new signatures that will become tomorrow’s classics and one of the finest wine programs in the country. We look forward to introducing everyone in Coconut Grove and beyond to their new favorite restaurant.” said MFG Co-Founder Jeff Zalaznick.

Honoring the rich tradition of the New York-style Italian restaurant, CARBONE VINO delivers CARBONE’s iconic dishes like the Caesar Salad alla ZZ, Spicy Rigatoni alla Vodka, Veal Parmesan, and more—and that is just the beginning.

Exclusive to CARBONE VINO, Chef Mario Carbone introduces an array of expertly crafted new dishes that have been years in the making and are designed to pair with the restaurant’s extraordinary wines. Antipasti highlights include Zucchini Fritti, Zuppa di Mussels with lamb sausage, tomato, and basil, and Chef’s spin on Shrimp Toast: Bruschetta featuring ruby red shrimp, Calabrian chili, and sesame. Faithful renditions of Italian classics also appear on the menu, such as Pumpkin Agnolotti, Tortellini Con Tartufo and Chicken Cacciatore.

Dinner will culminate with desserts like fresh-fried Zeppole, a Chocolate Hazelnut Mousse Pie, Pistachio Tiramisu, and the CARBONE VINO sweet section’s hallmark: Cannoli Sundaes. These feature homemade cannoli-flavored soft serve with all the classic cannoli garnishes, including candied fruit and fresh-fried cannoli-shell shards.

“We’re creating something truly special for Coconut Grove: a restaurant that delivers the quintessential CARBONE experience while sharing new, exciting ideas that draw on years of refinement and a deep passion for giving diners unparalleled versions of what they know and love. To put it another way: I hope to become a regular at CARBONE VINO and I have a feeling that many others will, too, once our team has the pleasure of welcoming them.” Said Chef & MFG Co-Founder, Mario Carbone

For CARBONE VINO, Corporate Wine Director John Slover—whose various wine lists for MFG have garnered countless awards—is proud to present a dynamic and unique beverage program that will keep locals and regulars coming back again and again. The collection encompasses one of the largest in Miami with an inventory of over 3,000 bottles and 600 selections across price points and styles from all major wine-making regions of the world.

Connoisseurs will find nearly 100 examples with bottle age from five to twenty years, while anyone curious about wine will be able to try something new on every visit, thanks to the extensive and ever-changing by-the-glass selection. Throughout the year, CARBONE VINO’s wine team looks forward to shining a light on a variety of their favorite winemakers and styles. In the end, the vision is to create an inviting, effortlessly sophisticated atmosphere where you never know what one of the sommeliers might pull from the cellar and pour for you, just for fun.

While no two CARBONE locations look the same, CARBONE VINO pays homage to the original on Thompson Street in New York’s historic Greenwich Village. Conceived by award-winning Bishop Design, CARBONE VINO’s interior consists of a series of moody and romantic environments that evoke a bygone era. These areas include a main dining room, a lively lounge, and a private dining room that are each defined by unique elements, such as works of art curated by the renowned gallerist and longtime MFG collaborator Vito Schnabel. The selection boasts pieces by the likes of Rene Ricard, Lola Montes, Francesco Clemente, and Julian Schnabel.

Warm lighting and the careful use of color play a significant role in CARBONE VINO's design, with signature fine wine and blue shades selected for a refined touch. The main bar, adorned with burnished bronze accents and a soft arch design, serves as a captivating focal point, seamlessly integrating with the dining areas. Features such as heavy velvet drapes, gold-accented wallpaper and intricately crafted ceilings further contribute to the sophisticated yet approachable atmosphere.

Attention to detail is evident throughout, from the custom-made leather-upholstered banquettes to the meticulously sourced ceramic tiles, all of which work together to create the space’s energetic flow.

“We wanted to transport people on the journey through design, both physically and subliminally. It’s a place where everyone can experience the escapism of everyday life in Miami. Every element is in synergy—from the interiors to the food, the playlist, and service—creating a space that feels both current and authentic for all.” said Paul Bishop, Founder of Bishop Design.

The opening of CARBONE VINO caps off a remarkable year that saw MFG’s global portfolio grow to more than 50 acclaimed establishments everywhere from Dallas to Dubai. In March, GQ Magazine named the brand “one of the most creative companies in the world,” placing it in the company of Apple and Tesla. CARBONE VINO marks MFG’s ninth endeavor in Miami, following CARBONE, ZZ’s Club, Sadelle’s, Dirty French Steakhouse, Contessa, HaSalon, Sadelle’s at Kith, and Chateau ZZ’s.

Images via Douglas Friedman and Major Food Group

Helm Equities Reveals 'The Helm' Live Local Act Mixed-Use Tower In Miami Design District

The New York and Miami-based Helm Equities has proposed The Helm, poised to enhance Miami’s luxurious and ever-evolving Design District and will utilize the Live Local act to create a diverse mixture of residents while significantly reducing traffic and its overall impact on the neighborhood. The extraordinary mixed-use project, with a total estimated development cost of nearly $500 million and approximately 500,000 square feet of active uses, represents the next chapter in the neighborhood’s evolution. Purposefully designed, The Helm perfectly complements the Design District’s renowned luxury retail, distinct architecture, vibrant art scene, and collection of best-in-Miami restaurants—all within a highly walkable and workable environment.

Spanning an entire two-acre city block, The Helm is bounded by Northeast 42nd Street to the north, Northeast 43rd Street to the south, and Northeast 4th Avenue to the west. Developed and refined over several years by Helm Equities’ Ayal Horovits, in collaboration with Cube3 led by architect Jon Cardello, this thoughtfully planned project introduces several firsts for the Design District. The Helm will feature 162 branded residences, 116 rental residences, 80,000 square feet of boutique office space, 45,000 square feet of world-class retail and dining options, and more than 600 onsite parking spaces. In addition, the Helm will feature multiple community spaces that build on the neighborhood’s vibrant energy, beautiful landscaping, and inspired design. The project’s whimsical and wide-open design incorporates two distinct buildings, seamlessly connected by a paseo flanked with retail offerings, as well as a community park with more than 35,000 square feet of ground-level open space that bridges the Buena Vista and Design District neighborhoods. The site currently offers a glimpse into its bright future with a Botero Sculpture Garden, by Gary Nader.

"The Design District offers something truly unique. Strolling through its luxury retail and restaurants, observing the stunning architecture and landscaping, all intertwined with vibrant art, creates a rare blend of energy and calm. We wanted to build on that foundation—to create a project that introduces the idea of living and working in Miami’s most distinct neighborhood," explains Helm Equities Principal Ayal Horovits.

At every level, The Helm is masterfully designed to blend with its natural surroundings. Private terraces and shared outdoor spaces are enriched with lush greenery, creating an inspiring and tranquil atmosphere throughout the live-work environment. Every floor offers direct access to outdoor areas, while residents enjoy unobstructed, 360-degree views of Biscayne Bay and the iconic Downtown Miami skyline—elevating both modern lifestyle and connection to nature. The Helm’s wide variety of uses and offerings will seamlessly pair with the vast walkable amenities in the Design District to sharply reduce vehicular traffic.

“The distinctive design of this project reinterprets the Art Deco history of the Buena Vista neighborhood,” says Cube3 Partner Jon Cardello. “The teardrop shape of the building forms are reminiscent of Streamline architecture as the building’s façade transforms into window and balcony fenestrations with flat arched frames that create a pedestrian scale.”

Adding more benefit to the public, this project will utilize the Live Local act to create a diverse mixture of residents. Regulations require that 40 percent or 116 of the residences at The Helm will be offered at 120% of Area Medium Income. The Helm’s residential building will also offer luxury services, including valet and concierge and a private lounge and meeting rooms. Residents can also enjoy two serene and lush amenity decks that feature pools, a state-of-the-art gym, and modern dining options. The 150 branded residences will provide large, meticulously designed floorplates with world-class amenities.

The building massing is strategically oriented toward the historic Florida East Coast Railroad tracks and the upcoming, ultra-modern Northeast Corridor high-speed train station. The Brightline station will introduce substantial new live/work opportunities for both The Helm’s residents and the surrounding neighborhood. A recent traffic study by Kimley Horn confirms that the mixed-use design will significantly reduce traffic and its overall impact on the neighborhood, with a 29-37% decrease in daily commutes compared to the previously planned, commercial-only project.

The Helm has also been carefully designed to achieve LEED Gold and WELL Gold certifications, including a dedicated outside air system (DOAS) delivering 100-percent outside air to tenants and an all-electric HVAC system.

Terra Locks Down $291 Million In Permanent Financing for Phase 1 Of 38-Acre Centro City In West Miami Dade

Coconut Grove-based development firm Terra, led by David Martin, has secured a total of $291 million in permanent financing for the newly completed first phase of Centro City, a 38-acre mixed-use development located in the center of Miami-Dade County, just west of Little Havana.

JVP Management has issued a $187 million loan for the development’s multifamily residential component. Hudson Bay Capital has issued a $104 million loan for the retail component. The two loans will be used to pay off the development’s existing construction financing, which was provided in 2022 by Apollo Global Management and Mack Real Estate Credit Strategies.

Now complete, Centro City’s first phase includes a total of 350,000 square feet of revamped and newly built retail space, along with three 8-story multifamily buildings with 470 market-rate apartments. Leasing is now underway for the development’s residential component and tenants are expected to begin move-ins this March.

A Walker & Dunlop team led by Keith Kurland and Gangemi Law Group represented Terra in the transactions. Holland & Knight partners Joe Dewey, Brett Holland, Shawn Amuial and Shaina Kamen, and associate Brian Piper, led the firm’s representation of Hudson Bay Capital.

"Securing long-term financing for Centro City represents a significant milestone, not just for Terra but for the South Florida real estate market as a whole," said David Martin, CEO of Terra. "This project embodies our vision of creating vibrant, sustainable communities that enhance the way people live, work, and connect. Centro City’s completion will provide much-needed housing options, state-of-the-art retail experiences, and community spaces in the heart of Miami-Dade, setting a new standard for mixed-use developments in the region. We are excited to continue building momentum with future phases that will further contribute to the area’s growth and vitality."

Arquitectonica’s vision for the development’s residential component includes multifamily buildings lining the perimeter of the property featuring a series of courtyards, pool decks and lushly landscaped sidewalks. Market-rate units – priced from $2,500 per month – range from studios to two-bedroom apartments measuring between 500 and 1,250 square feet in size. Community amenities include multiple pools, poolside cabanas, barbecue grill areas, a children’s playground, a dog park, resident lounges, game rooms, and more.

The development’s retail component, which included the redevelopment of the property’s existing Central Shopping Plaza, is anchored by a 100,000-square-foot Target and is 95% leased to new and existing tenants including Ross Dress for Less, DD’s, Fresco Y Mas, Walgreens, and Bank of America. Designed by RSP Architects, the reimagined shopping center has been upgraded with a newly conceived façade, common areas, landscaping and signage along with the construction of new retail outparcels.

All told, Centro City’s master plan will come alive in multiple phases and include up to 1,200 market-rate residential apartments, green space for residents, a newly reimagined shopping center with lifestyle-oriented retail and restaurants, a Class A office building, and a Mater Academy K-8 Charter School. Construction of the development’s second phase, which will include approximately 518 multifamily apartments, is expected to commence later this year.

Centro City’s location in West Little Havana – on the northwest corner of NW 7th Street and NW 37th Avenue – is near some of Miami’s largest employment centers, including Miami International Airport, the planned Inter Miami soccer stadium, the Coral Gables Business District, and Blue Lagoon Office Complex. Additionally, the property is across the street from the historic Magic City Casino gaming and entertainment venue, and less than two blocks from the 836 Expressway, providing unparalleled access.

Terra’s portfolio of newly completed mixed-use commercial and multifamily developments across South Florida includes Grove Central, a transit-oriented mixed-use development with residential and retail uses in Coconut Grove; Pines Garden at City Center, a garden-apartment community in Broward County’s City of Pembroke Pines; Natura Gardens, a multifamily community in Northwest Miami-Dade County; and Doral Atrium and Doral Square, two lifestyle-driven retail developments in the City of Doral. Terra is also currently developing Upland Park, a $1 billion mixed-use transit-oriented community that will transform West Miami-Dade County’s Dolphin Park-and-Ride/Transit Terminal Facility into a 47-acre multimodal transportation hub with residential, retail and commercial uses.

One Thousand Group and Terra Secure $285 Million Construction Loan For Villa Miami

One Thousand Group and Terra have secured a $285 million construction loan to bring Villa Miami to life in Miami’s East Edgewater neighborhood. As the first-ever residential tower branded by the world-renowned Major Food Group (MFG), the 650-foot-tall waterfront condominium is set to become a new architectural landmark on Biscayne Bay featuring 70 private residences, a helipad, and a distinctive copper-colored exoskeleton designed by ODP Architects. Construction of Villa Miami broke ground earlier this month and is slated for completion in 2027.

The financing was provided by TYKO Capital, which is backed by Elliott Investment Management and led by Adi Chugh. TYKO is a multi-billion-dollar commercial real estate private equity and private credit investment management platform. Among the notable projects that the firm has provided financing for in New York City and Miami are Manhattan's Flatiron Building, One High Line’s luxury condos, Miami's St. Regis Residences, and the 830 Brickell Class-A office building. Financing was arranged by Walker & Dunlop’s Keith Kurland and Jordan Casella who also recently worked with Terra on the $170 million construction loan for the first phase of the firm’s $1 billion mixed-use project near Sweetwater’s Dolphin Mall, Upland Park.

“The financing secured for Villa Miami underscores the demand for an exceptionally curated residential experience within an intimate, boutique setting,” said David Martin, CEO of Terra. “Today’s lenders are drawn to best-in-class projects led by trusted teams with a proven track record. Villa Miami unites top-tier talent in a distinctive collaboration, creating a landmark residence in Edgewater—one of Miami’s most central and connected neighborhoods. This project reflects the evolution of Miami’s luxury condo market, which now caters to a discerning buyer demographic with a refined knowledge of brand ethos and the market.”

Set to rise 650 feet and 56 stories, Villa Miami celebrated its groundbreaking on December 5th during Miami’s Art Week. The project will house only 70 ‘estate-style’ residences, each featuring expansive full- and half-floor layouts with sweeping 360-degree views of Biscayne Bay and the Miami skyline. With residences starting at $5 million, Villa Miami’s units range from 3,000 to 6,000 square feet. Completion is anticipated in the fourth quarter of 2027.

“As branded residences continue to grow, they are redefining luxury by integrating the expertise of food and hospitality leaders like Major Food Group,” said Kevin Venger, Co-Founder of One Thousand Group. “With its prime waterfront location, striking architecture, and unparalleled amenities, Villa Miami sets a new benchmark for artistry, innovation, and sophisticated living, cementing Miami’s status as a global design and lifestyle hub.”

Edgewater has become increasingly attractive to Northeastern buyers drawn to its central location, close to sought-after neighborhoods like the Miami Design District, Midtown, Downtown and Miami Beach. These areas offer some of the city’s most desirable and walkable lifestyle destinations, with top-rated dining, high-end boutique shopping and cultural hotspots. Villa Miami will also be home to a new Major Food Group’s restaurant concept opening on the ground floor.

Villa Miami marks MFG’s debut in residential development. Co-founded by hospitality visionaries Jeff Zalaznick, Mario Carbone, Rich Torrisi and Miami partner Alex Pirez, Major Food Group brings its signature high-end dining experience directly to residents with Villa Miami’s Copper Club, an exclusive private club spanning multiple floors which houses the tower’s exclusive amenity suite.

The interiors at Villa Miami are crafted by Vicky Charles of Charles & Co., known for her work with high-profile clients like Sony Music, Goop and celebrities such as George and Amal Clooney, Ashton Kutcher and Mila Kunis, and David and Victoria Beckham. Inspired by Villa Miami’s bayfront location, Charles designed interiors that reflect the romance of waterfront cities like Venice and the French Riviera, reimagined with a modern Miami flair.

Villa Miami’s development team is behind some of Miami’s most iconic residential towers. Terra, led by David Martin, recently delivered Five Park Miami Beach and Mr. C Residences Coconut Grove, and has previously completed residential developments including the Renzo Piano-designed Eighty Seven Park, the Rem Koolhaas/OMA-designed Park Grove, and the Bjarke Ingels-designed Grove at Grand Bay towers. One Thousand Group’s portfolio includes the Zaha Hadid-designed One Thousand Museum tower, Ten Museum Park, and Regalia on the Ocean. Additionally, the firm just recently acquired a nearby Edgewater site for a Kohn Pedersen Fox-Designed tower.

Renderings via Binyan Studios

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