PMG and LNDMRK Development Launch Wynwood Residences With Deeded Office Suites Partnered With Airbnb

National developer PMG and LNDMRK Development are launching Twenty Sixth & 2nd Wynwood Residences, an eight-story, 233-residence luxury condo building that will rise as the first luxury condo residences with deeded office suites partnered with Airbnb.* As a first-of-its-kind offering, owners will have the ability to host their home and office 365 days a year on Airbnb.* PMG Residential is leading sales for Twenty Sixth & 2nd Wynwood Residences, which will launch April 24th.

As Miami continues to be a year-round travel destination, it’s no secret that the office market is also thriving. On the heels of major office deals in the Wynwood area, including Amazon and Gemini, the addition of this first-of-its-kind offering at Twenty Sixth & 2nd Wynwood Residences will help meet the demand for both Class-A office space and flexible, innovative residential projects as Wynwood continues to grow.

In addition to an exclusive collection of studio- and one-bedroom residences, the office suites at Twenty Sixth & 2nd Wynwood Residences will be dedicated to residents upon their purchase of a condo unit. The property will also offer over 32,000 square feet of wellness-inspired amenities, complemented by 26,000 square feet of prime retail space on the ground floor with approximately 475 feet of linear frontage.

*Hosting is subject to local laws and other restrictions. Office suites may not be listed on Airbnb independently. Any listing of an office suite on Airbnb must include the associated residential unit and cannot be listed separately from their corresponding residence.

Renderings via ARX Creative

For more information about Twenty Sixth & 2nd Wynwood Residences or to inquire about purchasing a unit please fill out the form below:

PROFILE Exclusive With Real Estate Developer Isaac Toledano of BH Group On Developing South Florida

PROFILEmiami had the exclusive opportunity to join Isaac Toledano, Founder of BH Group, to learn how he has built his development firm into a thriving enterprise in the highly competitive South Florida market. Isaac is currently developing The Residences on Six Fisher Island, which is set to have over a $1 billion sell out, in addition to other ultra luxury branded projects such as The Ritz-Carlton West Palm Beach, W Pompano Beach and Viceroy Residences Aventura. In all, his passion for real estate has led him to having completed 1,100+ residential units with over 10,000+ residential units in-progress.

PROFILEmiami caught up with Isaac to take an in-depth dive into his portfolio, his career and what are some of the keys that have led to his success.

PROFILEmiami [PM]: Give us your background? How did you get started in real estate? Tell us about your first deal?

Isaac Toledano [IT]: I started working when I was 15, and in 1999, I moved to Miami and began my real estate journey as a mortgage broker at a firm called The Mortgage House, which specialized in residential loans. That’s where I learned the fundamentals of the mortgage industry. By 2001, I transitioned into real estate investing.

My first deal was the purchase of a warehouse in Hallandale, followed by two apartment buildings in North Miami. Between 2001 and 2003, I was involved in multiple transactions, and by 2004, I shifted my focus to condo conversions—acquiring rental communities and converting over 1,000 units into condominiums.

In 2012, I partnered with Jorge Perez and The Related Group on our first joint venture: Hyde Beach Resort in Hollywood, a 407-unit oceanfront development that turned out to be a major success. Since then, we’ve collaborated on over 20 projects together, including Paraiso Bayviews (388 condos), Wynwood 26 (175 apartments and 30,000 square feet of retail), and many more.

In addition to Related, I’ve partnered with leading developers like Lennar, Kolter, American Landmark, and Pebb Enterprises. We have a strong belief in the Florida real estate market and remain fully committed to it. We don’t invest in other states or markets—our focus is exclusively on Florida.

PM: When did you found BH Group? What were some of BH Group's early projects?

IT: I founded BH Group in 2009. Prior to that, I made several early real estate investments through my previous real estate company. Those initial projects laid the groundwork for what would become BH Group’s broader focus on acquisitions, development, and strategic joint ventures across Florida.

PM: You work closely with your wife, tell us about that relationship?

IT: My wife, Liat, is not only my partner in life but also in business. We have eight children and one granddaughter—so we like to think of ourselves as a small family office. Some of our kids have even started working with us, which makes it even more special. Liat is deeply involved in the day-to-day operations, and her input is invaluable. Let’s just say, I never buy a piece of real estate without her blessing.

PM: What projects are you currently developing now?

IT: We currently have several projects under construction. One of them is The Residences at Six Fisher Island, a joint venture with Related Group and Teddy Sagi. Another is District 225, also in partnership with Related. We launched sales a few months ago for The Ritz-Carlton Residences in West Palm Beach and hope to begin construction by the end of the year—sales have been going very well.

We also recently launched the W Residences in Pompano Beach, which includes both residential units and a condo hotel, as well as the Viceroy Residences Aventura. Additionally, we’re working on Greenview at Presidential in collaboration with Lennar, among other upcoming developments.

In Boca Raton, we're preparing to start demolition and have just received entitlements for 500 residential units and 45,000 square feet of retail space. We're also have 400,000 square feet of office space, much of which is already pre-leased—including a recently signed lease with Equinox for approximately 37,000 square feet.

We’re fortunate to be working on many projects at once, all within Florida. We believe strongly in this market—it's one of the best in the world. We continue to see strong demand from buyers coming from all over, all looking to invest in Florida.

PM: The Residences at Six Fisher Island is a special development, tell us the story behind that project?

IT: We acquired the land for The Residences at Six Fisher Island in September 2022 for $122 million. The opportunity initially came together through a partnership with Teddy Sagi, and we later brought in Related Group to form a joint venture. After securing all necessary entitlements, we broke ground about seven months ago.

This is a truly special project—there are only 50 exclusive residences, and we’re already about 65% sold. The total expected sell-out is close to $1 billion. It’s an iconic location and one of the most prestigious developments in South Florida.

PM: You are also developing several branded residences with hospitality brands such as The Ritz-Carlton, Viceroy and W, tell us about those projects and relationships.

IT: Branded residences are being very well received in today’s market, especially here in Florida. Many buyers know exactly what they want—they’re looking for a strong brand, a prime location, and top-tier amenities, services, and lifestyle. And why not? If you're already investing several million dollars in a condo, it makes sense to get the added value that comes with a hospitality brand.

We’ve already signed several deals with Marriott. We partnered with them for the W Residences in Pompano Beach, the Ritz-Carlton Residences in West Palm Beach, and the Ritz-Carlton project in Hammock Dunes, Palm Coast. That one is a six-and-a-half-acre oceanfront site with 120 luxury condos.

We’re seeing increasing demand for branded residences for many reasons. People like the credibility and familiarity of a brand—it’s the same concept as the clothes you wear, the watch on your wrist, or the car you drive. So why not live in a building that reflects that same level of quality and prestige, with exceptional amenities, service, and lifestyle?

When you partner with the right brand, and they approve the location, they want to be involved from the beginning—helping select the architect and interior designer, and ensuring the development upholds the high standards their name represents. And that level of collaboration adds real value for everyone involved.

PM: In addition to developing luxury condominiums, you are developing a single housing family project with Lennar and own and manage over 2 million SF of commercial real estate, can you discuss the importance of being flexible between asset classes?

IT: So first of all, diversification is important. In our portfolio, you can find some commercial properties. We own a few shopping centers, office buildings, and we also own the Southland Mall in Miami, which we have very, very strong occupancy. So diversification is important.

In addition to our condo projects, we’re also developing rental properties. We’re excited to be partnering with Lennar on a project that includes 103 luxury single-family homes in the Aventura market. Construction is already underway, and we’ve sold over 20 homes so far. These homes are being developed as we speak. What makes this project particularly significant is that no single-family homes have been built in the Aventura area for the last 25 years. We purchased the former Presidential Estates golf course, which spans 104 acres in Aventura.

Our focus remains firmly on Florida, particularly the South Florida market, which we strongly believe in. We have the flexibility to pursue the right opportunities, whether it’s through us, our partners, investors, or equity partners. This approach allows us to do what we believe is best. Some of our partners are more comfortable with mixed-use projects, others with condos, and we’re happy to offer a variety of options to suit different preferences.

PM: In the past you have mentioned that you like to develop in places that you can drive to, can you discuss how the markets differ developing in Miami vs. Palm Beach or Naples?

IT: In Naples, with Kolter Group, we acquired an older condominium, terminated the condo association, completed the demolition, and received all the necessary entitlements. Now, we’re developing 12 ultra-luxury condos on 220 feet of beachfront property in Naples.

Clearly, the markets are different. The buyer who purchases an ultra-luxury condo in Naples is not the same as the one who buys a condo in Aventura. Today’s buyers are very discerning. They want to ensure they’re investing in the best location, that they’re working with a quality developer, and they won’t settle—for either the location or the quality of the building.

In West Palm Beach, we have the opportunity to work with a diverse range of buyers, including Americans and Canadians. Because we’re involved in a variety of projects, we have access to many of these buyers. Each market is unique, though. The process of getting permits and approvals in Miami is different from the process in Naples.

PM: What does BH Group do that sets you apart from other developers?

IT: What sets BH Group apart is that we’re truly local. We live here, we work here, and we only invest in Florida. That deep understanding of the market allows us to identify opportunities quickly, analyze them efficiently, and move with speed and confidence.

Unlike developers who spread themselves across multiple regions, our focus is laser-sharp. We know the nuances of each neighborhood, and we have the relationships and experience to act decisively. That local edge makes all the difference.

PM: What gets you excited to work as a real estate developer?

IT: What excites me most is seeing a project come to life—knowing that just a few years earlier, it was nothing more than an idea. Taking that vision from concept to completion is incredibly rewarding.

People often ask me what I’m chasing these days—is it money, is it success? At this point in my career, it’s really about the success of the project itself. That feeling of building something meaningful, something that adds value to a community—that’s what keeps me motivated every day.

PM: What are some of the most important lessons you learned throughout your career?

IT: One of the most important lessons I’ve learned is the value of focus and discipline. You need to stay committed and work hard—there are no shortcuts in this business. I also believe that integrity matters. If you’re honest, treat people well, and do the right thing, good things will follow. Those values have guided me throughout my career.

PM: You mentioned some of your kids are working with you now, so what is next for you and BH Group?

IT: I don’t see myself ever retiring. As long as God gives me the strength and health, I want to keep doing what I love. Real estate isn’t just a career for me—it’s a passion. And now that some of my kids are working alongside me, it’s even more meaningful. The goal is to keep building, keep growing, and hopefully pass on something lasting to the next generation.

Renderings via BH Group

Finvarb Group Locks Down $19 Million In Financing For Miami Beach Project

Finvarb Group, led by Ronny Finvarb, has secured a $19 million construction loan for a 12-unit residential mixed-use project at 1790 Alton Road in Miami Beach. The financing, provided by Amerant Bank, will support a five-story building which will also feature two restaurants on the first two floors, along with 19 parking spaces equipped with a mechanical lift. The upper levels will house 12 residential units, ranging from 724 to 1,185 square feet, and include a rooftop pool.

Finvarb Group acquired the 0.2-acre site at the entrance to Sunset Harbour for $4 million in 2021 and initially planned to develop a hotel with 36 rooms; however, the city instituted stricter regulations regarding hotel development in the adjacent Sunset Harbour neighborhood prompting the shift to a mixed-use project. The site is situated near the Kimpton Hotel Palomar South Beach, Marriott South Beach, and nearly complete Thompson Hotel Miami Beach, all of which Finvarb Group also developed.

Terra and Turnberry To Begin Construction of Grand Hyatt Miami Beach After Locking Down $392 Million In Financing

Terra and Turnberry, two of South Florida’s leading real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center. The financing was provided by TYKO Capital, a multi-billion-dollar commercial real estate private equity and private credit investment management platform, backed by Elliott Investment Management and led by Adi Chugh. With pre-construction sitework already completed, the financing paves the way for the project’s groundbreaking, with delivery slated for late 2027.

"With construction financing in place and strong public support behind us, we are eager to bring this landmark hotel to life," said David Martin, CEO of Terra, and Jackie Soffer, Chairman and CEO of Turnberry. "Grand Hyatt Miami Beach will fill a longstanding gap in Miami Beach’s hospitality offerings, elevating the conventions and events that come to our community while creating jobs, new revenue and economic impact."

Strategically located at 17th Street and Convention Center Drive, Grand Hyatt Miami Beach will provide seamless access to the newly renovated Miami Beach Convention Center. With resort-style amenities, the hotel will aim to serve as Miami Beach’s first major convention hotel adjacent to and connected to the Miami Beach Convention Center, enhancing the city’s ability to attract major national and international clients.

"Grand Hyatt Miami Beach is a game-changer for major meeting and event planners and a transformative addition to our convention center ecosystem,” said David Whitaker, President & CEO of the Greater Miami Convention & Visitors Bureau. “With an unmatched location seamlessly connected to the Miami Beach Convention Center and just steps from world-renowned Miami Beach, this hotel creates a one-of-a-kind experience for meeting planners and attendees alike. As a premier, year-round destination, Greater Miami is already a powerhouse for major events, and this addition solidifies our position as a top choice for high-profile conventions and meetings from around the globe."

“Miami Beach is an iconic, grand destination known for its dynamic energy, cultural richness and world-class hospitality, and we are thrilled to introduce our Grand Hyatt brand to this key leisure and business travel market,” said Pete Sears, Group President, Americas for Hyatt. “Grand Hyatt Miami Beach will work to seamlessly blend the destination’s colorful, vibrant spirit with the brand’s bold architecture, inventive restaurants and luxury accommodations. We look forward to offering guests and World of Hyatt members a new way to experience Miami Beach in a setting that will be as inspiring as the city itself.”

Designed by Arquitectonica’s Bernardo Fort-Brescia, the property will feature 12 floors of guest rooms, including 52 suites with sweeping views of Miami Beach, along with four floors of meeting and ballroom spaces that will complement the Miami Beach Convention Center’s event programming. Guests will be able to enjoy a resort-style pool deck with panoramic city views, a signature restaurant, lobby lounge and bar, as well as retail space designed to activate the street-level pedestrian experience. Additionally, a climate-controlled skybridge will provide seamless access between the hotel and the Miami Beach Convention Center, enhancing connectivity and convenience for event attendees.

The financing news comes on the heels of a $75 million grant that the development was awarded through the Miami Beach Redevelopment Agency in late 2024, underscoring its role as a critical economic driver for the region. The grant reflects strong public and private support for the hotel’s potential to enhance Miami Beach’s global competitiveness as a premier destination for meetings, conferences and events.

The development also plans to introduce new public spaces, pedestrian-friendly promenades, bike-sharing stations, and connectivity to public transit, aligning with Miami Beach’s broader sustainability and resilience goals while providing access to the city’s nearby Lincoln Road district.

Grand Hyatt Miami Beach has been years in the making, with plans for the hotel overwhelmingly approved by Miami Beach voters in 2018. The project is a key component of the city’s efforts to transform its Convention Center District into a more dynamic, walkable and economically vibrant hub.

Terra and Fortune Acquire Silver Sands Beach Resort in Key Biscayne For $205 Million, Plan Ultra-Luxury Boutique Oceanfront Condo

Terra and Fortune International Group, two of South Florida’s most active luxury residential development firms, have formed a partnership to acquire the former Silver Sands Beach Resort property in Key Biscayne, Florida for $205 million. Situated at 301 Ocean Drive, plans for the oceanfront property include the development of a 56-residence ultra-luxury boutique branded condominium, which is set to become the most climate-resilient property in Key Biscayne. Beloved for its safe, walkable streets and intellectually rich, culturally vibrant atmosphere, the Village of Key Biscayne offers a rare sense of community that distinguishes it from the rest of Miami. Construction is estimated to begin in late 2026.

Nestled between Biscayne Bay and the Atlantic Ocean, Key Biscayne has long stood apart as one of South Florida’s most coveted island communities. Once a coconut plantation and later the site of Miami’s first resort hotel, the island evolved into a tranquil residential enclave known for its lush landscapes, rich history, and tight-knit community. With its mix of world-class beaches, protected natural areas, and family-friendly charm, Key Biscayne offers a uniquely balanced lifestyle – just minutes from the energy of Miami, yet worlds away in its peaceful, resort-like setting.

“Our vision for this special property is not only to create a space that complements the beauty and heritage of Key Biscayne, but to also make a lasting, positive impact on the community for generations to come,” said David Martin, CEO of Terra. “By incorporating sustainable design elements and investing in resiliency and infrastructure improvements in the Village, we are committed to enhancing the quality of life for residents and preserving the natural beauty of the island.”

“As a long-time resident of Key Biscayne, I have a deep appreciation for the island’s one-of-a-kind character and the high standards its residents expect and deserve,” said Edgardo Defortuna, CEO and Founder of Fortune International Group. “I know this community inside and out – its rhythms, its beauty, and its people – and I am passionate about ensuring that what we build reflects and respects that legacy. Our goal is to create a place that not only enhances the Village aesthetically but also adds meaningful value to the daily lives of those who call Key Biscayne home.”

Terra and Fortune plan to introduce a new luxury boutique condominium to the island featuring spacious residences with panoramic ocean views. The development will offer a range of amenities, including a fine dining restaurant, two resort-style pools, social areas, and a fitness center and spa.

Designed by Touzet Studio, alongside landscape architect Raymond Jungles, the development will incorporate a number of resiliency and sustainable elements including rain gardens, bioswales, drainage wells, and a cistern, all of which work together to maximize water retention and prevent runoff into neighboring properties.

Inspired by the iconic Stiltsville, a group of long-standing wood stilt houses built in the early 1930s situated on the edge of Biscayne Bay, and the rich architectural heritage of Key Biscayne, the development will feature a tropical modern design that appears to float above a lush landscape of native trees and climate-appropriate vegetation.

In addition to the environmental initiatives, the development team is investing in the community through improvements to local drainage infrastructure and contributions towards upgrades in traffic circulation. As part of the Village's Land Acquisition Trust, funds will also be allocated towards improvements in community parks. Furthermore, the development’s economic impact will be substantial, with the project expected to lead to a significant increase in property tax contributions, substantially benefiting the Village’s financial outlook.

Terra’s portfolio of newly completed condo developments across South Florida includes the recently delivered Five Park Miami Beach and Mr. C Residences Coconut Grove. The firm is currently developing Villa Miami in Edgewater, Jean-Georges Miami Tropic Residences in Midtown Miami/Design District, The WELL Coconut Grove and The WELL Bay Harbor Islands, and Mr. C Hotel & Residences West Palm Beach.

Fortune’s portfolio of recently completed condo development across South Florida includes The Ritz-Carlton Residences and Jade Signature in Sunny Isles Beach, and the Auberge Beach Residences & Spa in Fort Lauderdale. The firm is currently developing The Ritz-Carlton Residences Pompano Beach, St. Regis Residences in Sunny Isles Beach, Faena Residences Miami, ORA by Casa Tua in Brickell, and Nexo Residences in North Miami.

13th Floor Homes Delivers Solera at Avalon Trails Active-Adult Community in Delray Beach

As demand for premium rental housing among the active-adult community grows in South Florida, 13th Floor Homes, the homebuilding division of 13th Floor Investments, has completed its newest build-for-rent community in Delray Beach, Florida. Now welcoming residents and already more than 50% leased, Solera at Avalon Trails includes 74 single-story villas located at 14800 Cumberland Drive in the West Delray Beach area of Palm Beach County.

Located within the Avalon Trails active-adult community, Solera at Avalon Trails offers an unparalleled lifestyle for adults aged 55+ seeking luxury rental housing in an amenity-focused, gated community. Homes include two- and three-bedroom floorplans measuring between 1,300 to 1,450 square feet in size, with high-end contemporary features and finishes like quartz countertops, shaker-style wood cabinetry, energy efficient stainless-steel appliances, spacious primary suites, and impact-resistant windows and doors. Monthly rental rates range from $3,400 to $4,000.

“The completion of Solera at Avalon Trails is a significant step in meeting the growing demand for high-quality 55-plus housing in South Florida,” said Mike Nunziata, Division President of 13th Floor Homes. “Today’s active adults are living longer and seeking maintenance-free, resort-style living, and Solera delivers just that. With luxurious homes and a wide range of amenities, this community offers active adults a vibrant, carefree lifestyle. We're excited to provide a solution that aligns with the needs of the region’s expanding active-adult population.”

Solera at Avalon Trails offers an extensive amenity program designed for active adults to live a more sociable and engaging lifestyle. Residents can enjoy the community’s state-of-the art amenity campus inclusive of a clubhouse with a fitness center, card rooms, café, arts and crafts room, and theater. The amenity campus includes a a resort-style pool, lap pool, pickleball and tennis courts. The community’s activities coordinator curates a weekly schedule full of activites for all interests.

The opening of Solera at Avalon Trails comes at a time when demand for active-adult rental housing is on the rise in South Florida. Delray Beach, known for its appealing coastal lifestyle, was recently named one of the top 10 places to retire in Florida by Southern Living.

Located in South Florida’s Palm Beach County, Solera at Avalon Trail’s prime location is a distinguishing feature that sets the neighborhood apart from the other 55+ communities and speaks to 13th Floor’s keen understanding of the active-adult market. Located moments away from Downtown Delray Beach and the South Florida coastline, the community is proximate to a variety of nearby arts, culture, and entertainment destinations, and is conveniently situated between Fort Lauderdale and West Palm Beach.

Solera at Avalon Trails is among 13th Floor Homes' newest communities in South Florida. With over 1,100 homes and 3,500 homesites developed across the region in the last decade, the firm’s portfolio of active developments includes two build-for-rent communities in Port Saint Lucie – the 220-unit Villas of Torino and the 126-unit Tredici at Central Park; and Marina Landings, 34 luxury single-family homes for sale in Fort Lauderdale. The firm also has plans to develop The Reserve at the Woodlands, a 335-home community in Tamarac.

For more information about leasing at Solera at Avalon Trails please fill out the form below:

Forward Hospitality Group and CHEF RAHEEM SEALEY Open Asian Smokehouse Shiso in Wynwood

Chef Raheem Sealey, known for his influential roles at KYU and Drinking Pig, in partnership with Forward Hospitality Group, have successfully opened Shiso—an Asian Smokehouse that uniquely fuses Caribbean influences, Japanese precision, and wood-fired BBQ techniques.

Drawing on his roots from St. Croix and refined training at Le Cordon Bleu in Miami, Chef Sealey has created a menu that celebrates global flavors with innovative twists. The dishes, crafted for sharing, have quickly become a favorite among locals and visitors alike. Standout offerings such as the “Shiso Chicken Please”—a Cornish hen presented both smoked and fried with a distinctive white BBQ sauce—and the inventive Oxtail Gunkan, which layers smoked BBQ oxtail with pickle relish, rice, and a house-made oxtail ‘ju-su’ wrapped in nori, are a testament to the chef’s passion and culinary mastery.

Shiso’s physical space marries raw urban energy and refined elegance in its contemporary design. The venue, located at 239 NW 28th Street, offers an environment where exposed concrete beams adorned with graffiti art contrast with an illuminated quartz stone bar and polished weathered brick corridors. Inside, serpentine banquettes and expansive views of Miami’s horizon invite guests to linger and savor the dynamic atmosphere.

The restaurant’s impact is further extended by its striking 6,500-square-foot rooftop area. This vibrant space features a 35-seat racetrack-shaped bar with a retractable roof and semi-private dining cabanas, all set amidst a 2,000-square-foot green garden teeming with palm trees. This outdoor setting has quickly become a hotspot for those seeking a unique blend of culinary excellence and social engagement.

Inside Shiso, the dining experience goes beyond food. An open-kitchen layout infuses the space with culinary theater, where chandeliers illuminate dining areas framed by local murals and exposed brick. A 15-seat Chef’s Counter offers guests an exclusive, interactive Omakase experience, further enhanced by the expertise of Miami-based mixologist James MacInnes, who leads a world-class bar program emphasizing both craft and spectacle.

The venue is equally noted for its artistic elements. From a captivating street art mural that guides guests toward the rooftop, to a Harajuku-inspired bathroom featuring bold anime art, every detail reflects Wynwood’s creative spirit. Additionally, an origami-inspired entrance crowned with a sculptural wooden paper crane sets the stage for what has become a landmark destination blending food, culture, and art.

Now open Tuesday through Sunday from 5 PM to close, Shiso has quickly become more than just another restaurant—it is a dynamic hub where Miami’s culinary innovation meets the creative energy of Wynwood. The venue invites diners to connect, explore, and celebrate an integrated experience where tradition and innovation coexist. With its bustling indoor dining space and extensive rooftop area, Shiso is set to remain a centerpiece in Miami’s vibrant dining scene.

Transformative $3 Billion, 63-Acre 'Little River District' Led by SG Holdings Approved Paving Way For Miami's Largest Affordable Housing Development

The Miami-Dade County Commission has granted final approval for SG Holdings’ Little River District, a transformative $3 billion, mixed-use development that will redefine the urban landscape of Miami’s underserved Little River and Little Haiti neighborhoods. Spanning 63 acres, the large-scale project aims to build more than 5,700 affordable and workforce housing units, alongside major big-box retail stores, small businesses, major grocery operator, green public space, and transit infrastructure with the addition of a new train station, marking a historic investment in Miami’s future.

Led by SG Holdings, a joint venture comprised of Swerdlow Group, SJM Partners, and Alben Duffie, the partnership stands at the forefront of affordable housing development, following its successful delivery of the 1.5 million-square-foot, mixed-use development Sawyer’s Walk featuring 578 affordable senior housing units in Miami’s historic Overtown neighborhood.

The Little River District project is considered the largest affordable housing development in Miami-Dade County’s history. It will feature 2,284 affordable housing units at an average 60% Area Median Income (AMI), 1,398 workforce rental units at up to 120% AMI, in addition to 2,048 potential workforce condo units, which would allow the buyers to obtain significant subsidies to meet the purchase price at up to 140% AMI, ensuring long-term housing stability for thousands of Miami-Dade residents. Current residents of existing public housing complexes situated within the development site are guaranteed the right to return to new units at Little River District with no increases in rent.

This transit-oriented project is made possible through immense private and public sector collaboration led by the development group SG Holdings along with public sector partners: Miami-Dade County’s Department of Housing and Community Development (HCD), U.S. Department of Housing and Urban Development (HUD), the City of Miami, and key local officials such as Miami-Dade Mayor Daniella Levine Cava, County Commissioner Keon Hardemon, and City of Miami Commission Chairwoman Christine King.

“This approval is a major milestone in addressing Miami’s critical need for affordable and workforce housing,” said Michael Swerdlow, Founder and CEO of Swerdlow Group. “At a time when population growth is fueling demand for housing and everyday services, the Little River District will deliver a community that prioritizes affordable and quality housing, accessibility to public transit, and economic opportunity for local residents and business owners with the goal of generating prosperity for the highly deserving communities of Little Haiti and Little River.”

Given that portions of the 63-acre site are owned by the County, the public-private partnership paves the way for this comprehensive housing-led development plan that includes leveraging federal tax credits to support affordable housing and collaborating with Miami-Dade under a Community Benefits Agreement (CBA) to drive local hiring and community investment. The Little River District project is set to create hundreds of jobs during construction and after, stimulating the local economy and supporting businesses within the area. With a half century track record of responsible development, SG Holdings remains committed to working with construction partners who uphold labor standards and prioritize job site safety during the course of this multi-year project.

Designed by renowned architecture firm Arquitectonica, the mixed-use and mixed-income housing development will also introduce more than 370,000 square feet of retail space, including commitments already secured from major retailers such as Home Depot and BJs. In addition, the project will feature a major supermarket, gas station, food and beverage options, and other essential retail services for the neighborhood. About 250,000 square feet of publicly accessible green space will span the project, fostering a walkable and sustainable urban pedestrian-friendly environment with improved pedestrian walkways, enhanced landscaping and beautification, bike paths and shuttle service for residents.

The Little River District will also prioritize transit accessibility with a planned new Tri-Rail train station, representing a significant $35 million investment being made by SG Holdings in Miami’s public transportation network. This development will reduce congestion, improve accessibility, and foster better connectivity within the project site and the broader urban core.

The residential communities planned within the affordable and workforce housing component will feature amenities including swimming pool, computer lab with printer access, fitness center, outdoor recreation space for children, bike parking, green outdoor space with pavilions and walking and bike paths, free Wi-Fi in common areas, onsite-property management, gated parking lot with restricted access, generators for the community spaces, and security cameras with car plate readers. In addition, the high-quality residences will include in-unit washers and dryers, granite countertops, dishwashers, refrigerators with ice makers, central air and smart fan systems, electric water heaters, tile floorings, and complimentary high-speed internet for three years.

Additionally, the major redevelopment is going to generate significant job creation locally. Approximately 3,840 jobs will be generated during the project’s construction and another 518 permanent positions once delivered. The impactful project will prioritize local hiring preferences for both the construction and permanent jobs, including low-income and public housing area residents. Also, the County will reap approximately $9.5 billion through this project – the largest revenue sharing pact of this kind in the County’s history. The County could use these revenues to support its efforts to address the affordable housing crisis in Miami-Dade and invest in community development, inclusive of supporting small businesses.

Construction is expected to begin in 2026, with a projected development timeline of eight years. Once completed, the Little River District will stand as a model for large-scale, community-driven redevelopment centered on creating affordable and workforce housing, exemplifying how public-private collaboration can drive meaningful, long-lasting transformation in an urban setting.

Proper Hospitality, Rosso Development and Midtown Development Launch Midtown Park Residences By Proper

Proper Hospitality, Rosso Development and Midtown Development announce the launch of Midtown Park Residences by Proper, a transformative luxury residential tower set within a $2 billion mixed-use development, poised to reimagine nearly 5 acres in the heart of Midtown Miami. Anchored by lush open areas including two public parks and pedestrian paseos connecting Midtown to the Design District and Wynwood, the project will deliver over 120,000 square feet of prime retail with gourmet restaurants and cafes, designer shops, office buildings, a public 8-court racquet & padel club, and more.

“There is a new Midtown being born in Midtown, one built around thoughtfully designed public and pedestrian green spaces that seamlessly connect the fabric of the area,” said Carlos Rosso, Founder and CEO of Rosso Development. “This landmark project represents a defining ‘before and after’ for the neighborhood.”

The first 28-story tower to be launched, Midtown Park Residences by Proper, will offer a collection of 288 stylish residences that seamlessly blend luxury living, world-class hospitality, and dynamic public spaces – all infused with Proper's signature sophistication and personalized touchpoints. Midtown Park Residences by Proper is the company’s second residential project, building on the success of Austin Proper Residences, which sold out at record prices, solidifying the company’s reputation for cultivating exceptional, design-driven living.

“Our vision for Midtown Park Residences by Proper is to create a sense of place and shape a residential experience that deeply values culture, community and connectivity,” added Rosso. “Proper Hospitality’s unmistakable ethos brings a new dimension to luxury living in Miami, one where every detail is selected with purpose, and open space is paramount.”

“With Midtown Park Residences, we’re not just introducing a new living experience – we’re defining a new chapter of Proper. ‘By Proper’ captures the essence of our brand while celebrating the artistry of world-class designers who shape each destination,” said Brian De Lowe, Co-Founder and President of Proper Hospitality. “As we prepare to unveil the iconic Shelborne by Proper, Midtown Park Residences further exemplifies this ethos – where inspired design, thoughtful hospitality, and a deep sense of place come together to create something truly special for Miami.”

Located at 2901 NE 1st Avenue, Midtown Park Residences by Proper is nestled at the crux of Miami’s most energetic neighborhoods, with seamless walkability to the Design District and Wynwood. The property is being brought to life by an extraordinary ensemble of the world’s leading architects and designers – including Arquitectonica, Meyer Davis Studio, and Naturalficial. Owners gain access to over 40,000 square feet of private amenity spaces, an expansive pool deck, and exclusive owner events across the Proper Hospitality’s portfolio.

Offering a diverse selection of residences, layouts include studios, one-bedroom, one-bedroom plus den, two-bedroom, and three-bedroom configurations ranging in size from 510 to 1,730 square feet, and a private collection of penthouses averaging 3,150 square feet. Timeless and functional interiors by Meyer Davis Studio pay homage to the distinctive aesthetic established by Proper Hotels, showcasing visually rich interiors with effortless sophistication and one-of-a-kind touches. Residences feature expansive open floor plans with ceilings soaring above 10 feet, expansive wrap-around terraces with seamless glass railings, and energy-efficient, floor-to-ceiling windows and sliding doors. The fully finished units are outfitted with imported wood porcelain flooring and designer kitchens featuring Italian cabinetry, quartz countertops, brass pull details, and top-of-the-line Sub-Zero and Wolf appliances. Master bathrooms are an indulgent retreat, with glass-enclosed double showers, Hansgrohe brass fixtures, and signature Jade ceramic walls. The three-bedroom and penthouse residences incorporate wet rooms with double showers and freestanding bathtubs. Penthouses feature 20-foot double-height corner living rooms in four- and five-bedroom layouts with private rooftop terraces, gardens, and private pools. Prices range from low $700,000’s to $2.7 million, plus penthouses, with expected completion in 2028.

“We envisioned a dynamic connection between the city and home that creates a unique living experience,” said Will Meyer, Principal of Meyer Davis Studio. “Public and private spaces coexist in harmony, enriching both the city and the lives of its residents."

Midtown Park Residences by Proper delivers a bold reinvention of urban living, with a tailored selection of amenities, social spaces and lifestyle experiences. Residents will be welcomed by a dramatic 16-foot-high lobby gallery that artfully bridges with the vibrant energy of Midtown’s streetscape, displaying a collection of museum-quality art, carefully curated to encourage engagement. A 40,000 square foot tropical pool deck on the seventh floor is the ultimate spot for relaxation, with a signature restaurant and bar overlooking panoramic skyline and water views. Wellness offerings include a state-of-the-art fitness center, dedicated Pilates studio, tranquil yoga and meditation garden, private pickleball court, and a spa pool. His-and-hers changing rooms with steam rooms, saunas, and private massage treatment rooms elevate every moment of rest and rejuvenation. Owners will also enjoy curated social areas including a residential center with a gourmet coffee bar, an events lounge, a private party room with a professional chef’s pantry, a kids club, and a communal vegetable garden designed by Naturalficial. A virtual golf simulator that doubles as a projection room is available for private screenings, and a business center offers co-working spaces and a conference room.

The lifestyle experience at Midtown Park Residences by Proper transcends physical spaces with a comprehensive suite of Residential Services catering to residents’ every need, including a Culture Concierge offering insider access to Miami's vibrant cultural scene and exclusive events, a dynamic calendar of social gatherings, holistic wellness activities, on-demand in-residence services like grocery delivery, housekeeping, laundry service and comprehensive while-you're-away services such as pet care and home maintenance. Residents also gain preferred access to exclusive events at the iconic Shelborne Hotel by Proper on Miami Beach’s Millionaire’s Row, set to reopen this spring following a meticulous restoration, as well as other Proper hotels across the US.

Fortune Development Sales is the exclusive sales and marketing agency for Midtown Park Residences by Proper.

For more information about Midtown Park Residences by Proper or to inquire about purchasing a unit please fill out the form below:

Meet Our Panelists For The PROFILEmiami State of the Market 2025 Coming Up April 10

On April 10, 2025 PROFILEmiami is set to host our third annual ‘State of the Market’ event exploring Commercial and Residential real estate markets in Miami at the luxurious Modern Stones Showroom in Doral featuring a distinguished group of panelists who are some of the most active developers in South Florida developers including Henry Bott (Swire Properties), Russell Galbut (GFO Investments), Isaac Toledano (BH Group), Carlos Rosso (Rosso Development) and risk insurance expert Lisa Holt (Ivy Risk Strategies).

The PROFILEconnect: State of the Market 2025 is set to be one of our largest events yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series with over 300+ anticipated industry attendees. The event will take place next Thursday, April 10 at 5 PM at Modern Stones.

Leading Swire Properties in Miami, Henry Bott has overseen the transformation of Brickell with the development of Brickell City Centre and now will transform the skyline and Brickell Key with the launch of Mandarin Oriental Residences, Miami.

Russell Galbut of GFO Investments recently completed two projects overlooking both sides of Biscayne Bay, delivering the tallest tower in Miami Beach, Five Park and The Gale Hotel & Residences, Miami in Downtown Miami. He is now developing 14 Roc in Downtown Miami’s Arts & Entertainment District.

Isaac Toledano’s BH Group has been very active in South Florida, recently breaking ground on Six Fisher Island and launching Viceroy Residences Aventura in partnership with Related Group. BH Group has also teamed up with Lennar to develop Greenview at Presidential also nearby Aventura.

Carlos Rosso leads Rosso Development and is nearing completion of The Standard Residences, Midtown Miami. Rosso development also recently launched sales of Midtown Park Residences by Proper as part of a $2 billion mixed-use development in Midtown Miami.

Ivy Risk Strategies Lisa Holt has over $150 million in placed premiums and has insured over $1 billion in property value and $2.8 billion in Property and Liability coverage for high-valued construction projects. Notable work include the Margarittaville Hotel & Cottages Orlando, InterMiami Stadium & Training Facility Fort Lauderdale, Tower 155 in Boca Raton and Ivory 214 in Aventura’s Medical District.

Meet Our Panelists:

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Reserve Your Spot Today!

The PROFILEconnect: State of the Market 2025 is set to be one of our largest events yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series with over 300+ anticipated industry attendees. The event will feature an in-depth panel exploring both commercial and residential markets real estate across South Florida, matched with a trendy evening soirée of bespoke networking, cocktails and a real estate showcase featuring The Mandarin Oriental Residences Miami, Modern Stones, Resurface Wraps, CPS Outdoors, Jacob Construction, Condesa Kitchens, Blackline and La Cuisine Appliances. The relaxed and open PROFILEconnect setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, continuing post-panel with cocktails by E11EVEN Vodka and sounds by local Miami-based DJ San_Dee.

The event will feature two distinct rooms, a Panel Room offering an engaging panel discussion about the state of the commercial and residential real estate market in a quiet setting and an upbeat Showcase Room featuring PROFILEmiami’s signature Bespoke Networking & Cocktails matched with a real estate showcase featuring South Florida’s top development projects, real estate + design companies and vendors.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. Past speakers and attendees have included Allen Morris, Gil Dezer, Edgardo Defortuna, Jay Phillip Parker, Daniel de la Vega, Robert Rivani, Michael Simkins and Ronny Finvarb, amongst others.

Who Should Attend: Developers, Investors, Brokers, Financiers, Architects, Interior Designers, Design Vendors, Construction & GC’s, Lawyers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date & Time: Thursday April 10, 2025 | 5 PM - 9 PM

Where: Modern Stones, 7370 NW 43rd St. Miami, FL 33136

Tickets: $150 All Access - Early Bird Sold Out

Schedule:

• 5 PM - 6:30 PM: Cocktails & Networking w/ sound by San_Dee

• 6:30 PM - 7:15 PM: Commercial State of the Market Panel

• 7:15 PM - 8 PM: Residential State of the Market Panel

• 8 PM - 9 PM: Cocktails & Networking w/ sounds by San_Dee

Music / DJ: San_Dee

Food & Drinks By: E11EVEN Vodka

Thank You To Our Sponsors: