BI Group USA Breaks Ground on Amenity-Driven, Wellness-Designed Parkside Residences in Brickell

BI Group USA, the North American arm of Central Asia’s largest developer, BI Group, has broken ground on the Kobi Karp-designed Parkside Residences at Brickell, its highly anticipated, wellness-focused residential project.

The now-under-construction condominium, located at 1741 SW 2nd Ave., is an eight-story, 187-unit residential development positioned in the heart of Brickell, one of the fastest-growing and most dynamic urban neighborhoods in the country.

The milestone was commemorated with a morning ceremony at the project site featuring live music, curated hors d'oeuvres and drinks. Guests enjoyed a preview of the development’s updated wellness-focused design and amenities through an interactive gallery wall and word search game where they had the chance to win premium prizes.

Olzhas Ayazbayev, CEO of BI Group USA, Daniel de la Vega, President of ONE Sotheby’s International Realty, Luis Leon, President of Winmar Construction, and the morning’ special guest, Aman Omarov, CEO of BI Group International, all spoke to the vision and dedication behind the BI Group’s first U.S. project.

“Parkside isn’t just a response to Miami’s growth, it’s a statement about where global urban living is going next,” said Olzhas Ayazbayev, CEO of BI Group USA. “As Brickell emerges as a true live-work-play neighborhood, we combine over 30 years of global expertise with local insight to create communities like Parkside that foster happiness and support this focus shift to wellness, connection and seamless living.”

The groundbreaking follows the unveiling of Parkside’s recently enhanced amenity offerings. Designed to reflect the continued evolution of urban living in Miami, wellness, convenience and connectivity are becoming central to the Parkside residential experience.

Designed by nationally acclaimed architect Kobi Karp, Parkside reflects a broader shift in buyer demand toward more intentional, experience-driven living. The development integrates fitness, wellness, social and workspaces into a cohesive residential environment, allowing residents to live, recharge and connect without leaving the building.

“We’re seeing a clear shift in the market where amenities are no longer an added benefit, but a deciding factor,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “Today’s buyers value convenience, wellness and social experience as much as location, and Parkside is designed to deliver that in a meaningful and elevated way.”

Key development amenities include a rooftop pool deck and lounge with panoramic views of Brickell, a Technogym-equipped fitness center and cycling studio, dedicated yoga and mindfulness spaces, a full spa and wellness circuit with hot and cold plunge pools, coworking lounges, and lifestyle-driven amenities such as EV charging and pet-friendly features.

Parkside’s architecture emphasizes openness, natural light and a strong connection to the surrounding environment. Expansive balconies, integrated greenery and a contemporary architectural palette create a modern residential experience that reflects Brickell’s energy while offering a sense of retreat.

Winmar Construction will lead the construction of the project, bringing decades of experience in delivering high-quality residential, hospitality and commercial developments across the region.

“Project like Parkside demand both precision and adaptability, as they’re ultimately defined by how well they’re built,” said Luis Leon, President of Winmar Construction. “With our experience in complex, dense urban development environments, we are excited to bring this project to life and ensure it is built with the craftsmanship and attention to detail that it deserves.”

Parkside residences will feature modern finishes, furnished layouts, enlarged windows and thoughtfully designed interiors by 2ID Interiors that enhance comfort and functionality. Units are expected to start from the low $400,000s.

Construction will begin immediately following the groundbreaking, with completion anticipated in Q2 2028.

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Arbor Residences Achieves TCO in Coconut Grove As Sales Pass 70%

Arbor Residences, the 45-residence boutique condominium in Coconut Grove, has achieved Temporary Certificate of Occupancy (TCO), marking a major milestone for the family-led development as sales surpass 70%.

The milestone carries particular significance for the Kodsi family. Isaac Kodsi, the Miami developer and founder of Ark Capital Group, acquired Arbor out of foreclosure in 2023, returned buyers’ deposits, and restarted construction, restoring momentum to the stalled project. A longtime Coconut Grove resident, Isaac was deeply involved in the neighborhood and committed to its growth. He passed away unexpectedly in August 2025 while the building was nearing completion.

Today, development continues under the leadership of his daughter, Camilla Kodsi, who grew up in Coconut Grove and attended school in the neighborhood. Having worked alongside her father throughout the project, she has seen Arbor through final inspections and completion with the support of the Kodsi family. Camilla plans to continue her work as a developer in Miami, carrying forward both the Arbor vision and her father’s broader legacy at Ark Capital.

“Reaching TCO at Arbor is an incredibly meaningful milestone,” said Camilla Kodsi. “It was an honor to work alongside my father through every stage of the project, and I’m deeply grateful to the Arbor team whose dedication brought the building to completion. Having grown up and now living in Coconut Grove, it’s especially rewarding to contribute something lasting to a neighborhood that means so much to me. I look forward to continuing my work developing projects in Miami.”

Sandra Masis added, "Coconut Grove has always been one of Miami’s most special neighborhoods, and buyers can feel the care that went into Arbor,” she notes. “From the scale of the building to its walkable location steps from CocoWalk, the parks, and the Grove’s vibrant and growing dining scene, this is a place designed to fit seamlessly into the neighborhood and feel like home from day one.”

Designed by Behar & Font, Arbor Residences comprises 45 homes featuring high ceilings, floor-to-ceiling windows, natural wood finishes, Bosch appliances, and spacious layouts that complement the Grove’s tree-lined character. Amenities include a rooftop terrace, pool deck, fitness center, 24-hour concierge service, and valet.

Located just around the corner from Coconut Grove’s central corridor and CocoWalk, Arbor offers a residential oasis within one of Miami’s most established and walkable neighborhoods. Pricing on available homes begins at $1.7 million, with two-bedroom-plus-den and three-bedroom, two-bath residences currently available. Sandra Masis of Cervera Real Estate, who has overseen sales since the project’s revival, continues to lead sales and marketing as Arbor enters its final phase.

With TCO secured and move-ins approaching, Arbor Residences stands as a completed boutique development shaped by family stewardship and long-term commitment to Coconut Grove. Resident move-ins are slated for early spring 2026.

Images via World Red Eye

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The Cove Residences, A Waterfront Collection, Officially Launches Sales and Breaks Ground in Edgewater

SB Development and Hazelton Capital Group have officially launched sales and broken ground on The Cove Residences, A Waterfront Collection, a 40-story boutique luxury development rising on the waterfront of Miami’s Edgewater neighborhood. Elevating life directly on Biscayne Bay, The Cove Residences features 134 one- to four-bedroom private condominiums, each featuring floor-to-ceiling glass, expansive wrap-around terraces, and interior finishes that emphasize natural textures and materials, blending indoor and outdoor living.

As The Cove Residences comes to market and reveals an enriched lifestyle centered on wellness, nature and exclusivity, the building is simultaneously celebrating its groundbreaking, an important construction milestone signifying certainty in the market. With a new sales gallery also opening, the project is rapidly gaining momentum as it advances toward an expected 2028 delivery.

“The Cove Residences will bring an important new residential offering to Edgewater: a highly personal, thoughtfully considered lifestyle connected to nature,” said Joseph Stern, Co-Founder and Principal at SB Development. “The residences deliver an intimate experience surrounded by the energy of the city while also immersing owners in the calm and serenity of Biscayne Bay. Striking this balance was crucial to our concept, and we’re excited to bring it to life.”

Perfectly positioned along the waterfront in Edgewater, one of Miami’s most sought-after neighborhoods, The Cove Residences offers thoughtful architecture and curated interiors at the highest level. Kobi Karp Architecture & Interior Design and Dieguez Fridman Architects, two globally renowned design teams behind some of the most well-known residential and hospitality projects across Miami, New York, and Latin America, collaborated on a design that complements the building’s waterfront setting. They introduce spacious floor plans overlooking unobstructed sunrise and sunset views, with finishes including custom kitchens, spa-like baths, and tailored details throughout. Starting prices are in the $900,000s.

“There are limited opportunities to live directly on the waterfront in Miami, so The Cove Residences emphasizes its enviable location in Edgewater, providing both park and direct water frontage and sitting just 25 feet from the seawall,” said Adam Westreich, Principal at Hazelton Capital Group. “This is a very special site, and we’ve designed a privileged residential experience that showcases that and aligns with how people want to live today.”

The building’s amenity collection reflects this philosophy. The program includes a waterfront infinity pool, a state-of-the-art fitness center, dedicated wellness spaces, shared work areas, a game and billiards lounge, and a grand theater. Residents will also benefit from a premium healthcare concierge focused on long-term wellbeing, along with on-demand car-sharing access that brings added ease to daily life. Complementing the project’s park and water frontage, a private docking amenity will offer rare direct bay access.

Leading the sales and marketing for The Cove Residences is the Eklund | Gomes team at Douglas Elliman Development. Following an initial presale campaign by One World Properties, which validated demand and established a strong foundation for success, the Eklund | Gomes team is building on this important groundwork to bring the project to completion. Backed by the full Douglas Elliman network, the team is significantly expanding the project’s buyer pool, leveraging a strong New York City presence and deep international reach.

“Edgewater has quickly become one of Miami’s most compelling waterfront neighborhoods, and opportunities like this are increasingly rare,” said Fredrik Eklund, who is leading sales at the project. “With just 134 oceanfront homes, we are thrilled to introduce The Cove Residences to buyers seeking a wellness and design-driven product directly on Biscayne Bay. This is a project that truly stands out in today’s market."

Located in the heart of Miami with convenient access to the Miami Design District, Wynwood, Downtown Miami and Miami Beach, Edgewater is one of the city’s most active luxury corridors. Residents are moments from Michelin-recognized restaurants and destination dining with waterfront spots such as Amara at Paraiso and Klaw, and a vibrant mix of cafés and galleries. The neighborhood is also adjacent to Miami’s cultural core, including the Pérez Art Museum, the Phillip and Patricia Frost Museum of Science, and the Adrienne Arsht Center.

The project’s groundbreaking comes on the heels of the project’s $170 million in construction and land financing from Bravo Property Trust and IDB. Kaufman Lynn Construction has been appointed as general contractor.

The new sales gallery located at 2935 Biscayne Blvd, Suite 100, Miami, FL 33137

Renderings via Metaform, a division of Conway | Photos via World Red Eye

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Oasis Hallandale Tops Out East Tower As Transformative 10-Acre Mixed-Use Destination Moves Closer to Completion

One of the largest and most ambitious developments in Hallandale Beach has reached a defining milestone. Oasis Hallandale has officially topped out its East Tower at 25 stories, marking the final vertical ascent of the city’s transformative 10-acre mixed-use destination.

“We envisioned Oasis as more than a residential project; it’s a new center of gravity for Hallandale Beach,” said Giuseppe Iadisernia, Developer of Oasis Hallandale. “The topping out of the East Tower marks the completion of the skyline vision we set out to deliver.”

Designed by internationally renowned firm Arquitectonica, the East Tower is the second and final residential tower within the Oasis master plan. Its completion represents the culmination of a multi-phase vision that has introduced residential, retail, office, and lifestyle components at a scale never before delivered in the city. The West Tower is nearing completion with projected delivery in early 2026, while the East Tower is advancing toward full completion in 2027.

MGM Construction Group is leading construction, bringing deep experience in South Florida luxury development, including Seven Park Residences, NINE Hollywood, and Deco Green in Lake Worth.

“Oasis Hallandale is a landmark undertaking for this city,” said Maria Alejendra Fermin, President of MGM Construction Group. “Topping out the East Tower marks the final chapter of the residential vision and reflects years of coordination, execution, and commitment to delivering at scale.”

The East Tower will offer 250 luxury residences ranging from approximately 900 to 4,750 square feet, priced from $750,000 to $5.02 million. Homes feature floor-to-ceiling glass, expansive balconies, open-concept layouts, and imported Italian finishes. Select residences include two-story designs, powder rooms, and oversized walk-in closets.

Residents will have access to a six-level, 70,000-square-foot amenity deck, one of the most expansive in the submarket, featuring resort-style pools, wellness and fitness facilities, coworking spaces, entertainment lounges, and family recreation areas.

Unlike standalone residential towers, Oasis Hallandale is already anchored by a fully operational commercial district comprising 60,000 square feet of retail and dining and 35,000 square feet of office space across five buildings. Tenants including KC Market, Davinci Café, Oasis Fit, Oasis Dental, Delice Med Spa, and Elve Luxury are active on site, establishing a true live-work-play environment.

Images via Oasis Hallandale

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Mast Capital and Starwood Celebrate Top Off of The Perigon Miami Beach

Mast Capital and Starwood celebrated the recent topping off milestone of The Perigon Miami Beach as the first new oceanfront residential tower in this cycle in Miami Beach to reach full height ahead of its anticipated occupancy in 2027.

With strong sales momentum, limited inventory remaining from $12.55 million, The Perigon Miami Beach is a 17-story ultra-luxury oceanfront condominium developed by Mast Capital in joint venture with a controlled affiliate of Starwood Capital Group. Designed by OMA, the firm founded by Pritzker Prize–winning architect Rem Koolhaas, the 72-residence tower features interiors by Tara Bernerd and gardens by Gustafson Porter + Bowman.

As the first Miami Beach residential project designed by internationally renowned architectural firm OMA, led by visionary architect Rem-Koolhaas, the diamond-shaped luxury condominium tower will feature 73 residences offering breathtaking beachfront views. Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon is situated at 5333 Collins Avenue in Miami Beach’s prestigious Mid-Beach neighborhood. With expansive beachfront acreage, unparalleled exclusivity, and an emphasis on privacy, it presents a lifestyle experience that is both rare and highly coveted.

The ultra-luxury condominium offers approximately 40,000 square feet of thoughtfully designed indoor and outdoor amenities, curated to elevate every aspect of lifestyle. Highlights include a private oceanfront restaurant and private speakeasy conceptualized by Michelin-starred chef Shaun Hergatt, who will oversee the property’s exclusive food and beverage offerings. Additional amenities feature an oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, a private salon, a fully equipped fitness center with panoramic ocean views, a children’s playroom, a screening room, a wine room, guest suites, and a striking double-height lobby lounge. These spaces are brought to life by a dedicated lifestyle concierge and residential butler, ensuring an unparalleled level of service. Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, in-residence dining and more, offering a seamless blend of luxury and convenience.

Images via TAMZ, Jason O’Rear, The Boundary and The Perigon

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Related Group and BH Group Break Ground on The Ritz-Carlton Residences, West Palm Beach

Leading real estate developers Related Group (Related) and BH Group, in collaboration with Marriott International, have officially commenced construction on The Ritz-Carlton Residences, West Palm Beach. Following exceptional pre-construction sales, with more than 70% of residences already spoken for, the boutique ultra-luxury development is expected to be completed in 2028.

“We surpassed $150 million in sales in the last six months, underscoring just how strong the West Palm Beach market has become – and how The Ritz-Carlton Residences, West Palm Beach is at the heart of that momentum,” said Nick Pérez, President of Related Group’s Condominium Division. “Having worked in this market for decades, we’ve seen West Palm Beach evolve into one of the most talked-about luxury destinations in South Florida. We knew this project would resonate, but it quickly emerged as one of the fastest-selling developments in our portfolio. We’re excited to see this trajectory continue.”

“West Palm Beach has entered a new era of growth, driven by strong migration trends and sustained demand for ultra-luxury waterfront living,” said Isaac Toledano, Founder of BH Group. “With The Ritz-Carlton Residences, West Palm Beach, we are introducing a product that reflects both the strength of the market and the elevated expectations of today’s buyers.”

Rising 27 stories along a prime waterfront site, the tower embodies the Ritz-Carlton’s timeless elegance and exacting design standards. Thoughtfully crafted by Arquitectonica with interiors by Rockwell Group and landscaping by Naturalficial, each of the 138 residences are intentionally oriented eastward to frame sweeping coastal views and vivid turquoise waters from every home – offering an uninterrupted connection to West Palm Beach’s waterfront lifestyle.

The two- to four-bedroom homes, ranging from 1,500 to over 3,000 square feet, are crafted to maximize light and air, with open layouts and floor-to-ceiling windows that extend effortlessly to expansive private balconies. The Chef-inspired kitchens are appointed with custom Italian cabinetry and top-of-the-line Sub-Zero and Wolf appliances while bathrooms showcase bespoke Hansgrohe fixtures. Each residence includes dedicated elevator access, an entry foyer, pre-wired smart home technology and keyless entry.

“Our goal was to create interiors that embrace the energy and beauty of life on the water,” said David Rockwell, Founder and President of Rockwell Group. “The eastern orientation shapes every detail, filling each space with natural light and horizon views. Floorplans flow seamlessly for both entertaining and everyday living, while materials, textures and finishes have been carefully chosen to balance elegance and functionality, making every residence as inviting as it is spectacular.”

True to The Ritz-Carlton’s legacy of exceptional hospitality, the Residences offer a refined collection of amenities and services curated to support comfort, connection and complete well-being. Managed by dedicated Ritz-Carlton staff, the experience begins with a dramatic bayfront pool deck featuring private cabanas, summer kitchens and poolside dining. Just beyond, a state-of-the-art fitness and wellness center offers the latest cardio and resistance training equipment, along with a world-class spa, private treatment rooms and his-and-hers steam and sauna facilities.

Residents will also enjoy an array of thoughtfully designed spaces for work, play and everyday living. Private conference and coworking areas offer seamless productivity. A dedicated children’s room and a gaming lounge with a cutting-edge golf simulator bring joy to all ages. Expansive outdoor terraces, multiple entertainment lounges and two fully appointed guest suites complete the amenity package, allowing for effortless hosting and leisure.

Throughout the property, a curated selection of museum-quality artwork from the Jorge M. Pérez Contemporary Art Collection enriches the residential experience. Residents also receive complimentary membership to the exclusive Cove Club, West Palm Beach’s premier waterside retreat offering dining, wellness and social programming.

Signature Ritz-Carlton concierge services complete the offering. From valet parking and 24-hour in-residence deliveries to personal arrangements for dining, travel, beauty and pet care, every detail is handled with warmth, discretion and precision.

Renderings via The Boundary

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Witkoff and PPG Development Top Off The Kobi Karp-Designed 'The Residences at Shell Bay'

Witkoff Group and PPG Development have surpassed major milestone for Shell Bay, a private, 150-acre enclave and one of the nation’s most ambitious private club and residential communities. The property’s premier 20-story condominium tower, The Residences at Shell Bay, has officially topped off. Reaching this benchmark is a significant step toward the tower’s completion and reinforces its position as the most amenitized new development in South Florida. G.T. McDonald Enterprises is serving as the general contractor for the project.

“What we’ve created at Shell Bay simply does not exist anywhere else in South Florida: a championship Greg Norman golf course, all four Grand Slam tennis surfaces, a private marina, world-class wellness and dining, all within a single 150-acre private community serviced by Auberge Collection,” said Alex Witkoff, CEO of Witkoff. “This offering would be extraordinarily difficult to replicate and positions Shell Bay as the definitive destination for luxury living in the Miami region.

With completion slated for 2027, The Residences at Shell Bay is situated at the heart of the region’s most exclusive golf and wellness destination and offers five-star service by the acclaimed hospitality group, Auberge Collection. The tower’s construction achievement builds excitement for its spacious 108 private residences, which will feature unprecedented views of the Intracoastal Waterway, the private 18-hole championship golf course by Greg Norman and the expansive surrounding gardens envisioned by the talented Nievera Williams Design. The news also follows a series of significant milestones demonstrating forward momentum for the project, including the recent closing of a $273 million construction loan from J.P. Morgan and BDT & MSD Partners.

“In a region known for luxury development, opportunities to live within a 150-acre private club are extremely limited,” said Ari Pearl, Founder and CEO of PPG Development. “Shell Bay combines a 20-story residential tower with championship golf, a world-class racquet program, marina access and more, all within a members-only private club. Completing vertical construction is a significant step toward bringing that vision to market.”

As demand for highly amenitized, resort-style living strengthens in the market, The Residences at Shell Bay stands apart as the leading destination prioritizing privacy, wellness, and seamless access to best-in-class lifestyle experiences—all within a single, thoughtfully curated setting. Shell Bay will set a new standard for luxury living in South Florida, representing a once-in-a-generation opportunity for buyers.

With architecture by award-winning firm Kobi Karp Architects, The Residences at Shell Bay comprise a limited collection of one- to four-bedroom homes, each defined by generous floor plans, wraparound terraces, and a seamless connection to the outdoors. Residential interiors by AvroKO, the visionaries behind projects such as 1 Hotel Central Park and The Ritz-Carlton New York, NoMad, introduce a refined yet relaxed residential sensibility, pairing bespoke detailing with a sophisticated, livable approach to luxury.

The residential lifestyle is anchored by Shell Bay Club, an exclusive enclave widely regarded as an athlete’s haven that has led the shift in the luxury market toward club-centric living. The club integrates professional-grade training, recovery and rehabilitation services along with an 18-hole championship golf course, a 12-acre practice facility with a nine-hole Par 3 course, and a Racquet Club featuring all four Grand Slam tennis surfaces, along with pickleball and padel courts. The community also includes a private 48-slip marina with direct access to the Intracoastal Waterway, a members’ clubhouse with an indoor-outdoor wellness spa, elevated event spaces, and multiple dining venues.

Additionally, residents will enjoy a dedicated collection of private building amenities, thoughtfully curated to complement the broader club offering. Highlights include a world-class culinary program, resort-style pools, a full-service medical day spa, and a comprehensive wellness and fitness experience designed to support everyday living at the highest level.

Sales and marketing for the project is handled exclusively by Douglas Elliman Development Marketing, with prices starting at $2 million.

Images via World Red Eye | Renderings via MARCH

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Allen Morris Company Breaks Ground on Transformative Mixed-Use Development Ziggurat Coconut Grove

The Allen Morris Co., one of the most renowned real estate firms in the Southeast U.S., has officially broken ground on Ziggurat, its highly anticipated mixed-use development in the heart of Coconut Grove. Located at 3101 Grand Ave., Ziggurat is a bespoke sanctuary for the community to live, work and gather, introducing world-class office, residential and retail offerings while honoring the neighborhood’s character, walkability and natural beauty.

The milestone was celebrated with a lively block party at the Ziggurat Sales Gallery, where project partners, top brokers and community members gathered for an evening that reflected the spirit of the neighborhood. Guests enjoyed live music alongside curated wine offerings, Italian specialties by Stanzione, charcuterie by Chèvre and jamón ibérico by Cinco Jotas.

Developed in partnership with the Espinosa family, Ziggurat is supported by a $138.5 million construction loan from BDT & MSD Partners and BHI. Completion is anticipated in early 2028.

W.A. Spencer Morris, President of The Allen Morris Co., Daniel de la Vega, President of ONE Sotheby’s International Realty, and Ziggurat sales team Justin Neyra and Sean Presti addressed attendees, highlighting the long-term vision, collaboration and commitment behind the project, which is already 65% sold.

“Breaking ground at Ziggurat marks an important moment not just for our company, but for Coconut Grove,” said W.A. Spencer Morris. “This project reflects a long-term vision to deliver a thoughtfully designed, mixed-use destination that enhances the neighborhood while setting a new standard for quality and integration.”

Ziggurat will comprise two architecturally distinct buildings: a five-story, 100,000-square-foot trophy office tower and a three-story residential building featuring 18 ultra-luxury condominium residences above approximately 45,000 square feet of ground-floor retail.

Designed by Oppenheim Architecture with interiors by Collarte Interiors, the development blends natural stone, lush landscaping and modern architecture to create an open, pedestrian-oriented environment. Open-air paseos will lead to a central courtyard activated by bistros, boutiques and wellness offerings, while the office tower’s rooftop will feature a restaurant and lounge by a local Michelin-starred chef with views of Biscayne Bay.

“Ziggurat stands apart in the market for its emphasis on experience and authenticity,” said Daniel de la Vega. “From the residences to its one-of-a-kind sales gallery, the project reflects the character of Coconut Grove while delivering the design and placemaking today’s buyers seek.”

The residential component, exclusively represented by ONE Sotheby’s International Realty, will offer residences ranging from approximately 1,254 to over 5,000 square feet, priced from $3.5 million to $15 million. Homes will overlook the soon-to-be revitalized Kirk Munroe Park, which is slated for an $8 million renovation through a partnership between The Allen Morris Co. and the City of Miami.

For additional information on any facet related to the development, contact info@zigguratcoconutgrove.com or ONE Sotheby’s International Realty at 786-926-5051.

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Naftali Group Tops Off Podium Level at JEM Private Residences in Miami Worldcenter

National real estate development and investment firm Naftali Group has topped off of the podium level at JEM Private Residences in Downtown Miami. This milestone marks the completion of the 11th floor and signals a major step forward in the vertical construction of the 67-story luxury tower rising within Miami Worldcenter. Construction is overseen by Coastal Construction.

With this achievement, the structure transitions from the building’s foundation and parking levels to the residential tower above. With the lobby, retail and parking garage now complete, construction continues to advance upward toward the tower’s full height.

“This milestone speaks to our confidence behind JEM Private Residences and the incredible overall development and growth in Miami Worldcenter,” says Miki Naftali, Chairman and CEO of Naftali Group. “We are looking forward to delivering a remarkable residential tower in the heart of Downtown Miami with our commitment to high-quality design and craftsmanship, while offering an elevated living experience for residents at every level.”

Construction at JEM Private Residences is advancing at an impressive pace. The project broke ground in April 2024, less than six months after the project was introduced to the market, an unusually fast timeline for Miami real estate. That momentum has been fueled by strong buyer demand, including the recent international $8 million sale of Sky Villa 2 with Interiors by FENDI Casa, and further accelerated by Naftali Group securing $465 million in construction financing in 2025. The funding provides the capital to drive all phases of the project forward, reflecting strong institutional confidence and underscoring Naftali Group’s commitment and ability to deliver large-scale, design-driven residential developments in South Florida. Construction continues on schedule, with completion anticipated in Q4 2027.

Developed by Naftali Group and designed by Arquitectonica with interiors by Rockwell Group and landscape architecture by EDSA, JEM Private Residences will feature 273 luxury condominium residences ranging from studios to four-bedroom layouts, along with a limited collection of Sky Villas with Interiors by FENDI Casa at the crown of the building. Residences are intentionally positioned to begin on the 43rd floor to maximize views of the Miami skyline, Biscayne Bay and the Atlantic Ocean.

The sales gallery is open daily and located in Miami Worldcenter at 110 NE 10th Street.

Renderings via Hayes Davidson / Construction images via PROFILEmiami

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Related Group and Dezer Development Top Off Rosewood Residences Hillsboro Beach

Leading real estate developers Related Group (Related) and Dezer Development have completed vertical construction at the Rosewood Residences Hillsboro Beach, marking a major milestone for one of South Florida’s most exclusive new address and the first-ever hospitality-branded condominium in the area.

Set on 12 acres of untouched coastline between the Intracoastal Waterway and the Atlantic Ocean, the boutique property offers just 92 ultra-luxury waterfront homes, combining the timeless elegance of the Rosewood brand with effortless oceanfront living. Coastal Construction is serving as the general contractor, with full completion on track for early 2027.

“With vertical construction now complete, we’re entering the final chapter of what promises to be one of South Florida’s most exceptional residential offerings,” said Nick Pérez, President of Related Group’s Condominium Division. “Hillsboro Beach is one of those rare, special places. It’s the perfect setting for what we believe will be a one-of-a-kind living experience.”

Rosewood Residences Hillsboro Beach offers a bespoke dual-waterfront lifestyle with seamless access to the region’s top cultural and social destinations. The property’s design, inspired by the area’s natural beauty, pairs modern architecture with classic sophistication, featuring work by the renowned Arquitectonica and interiors by the celebrated Dutch design firm, Studio Piet Boon.

The coastal residences range from 2,800 to 6,400 square feet and boast expansive layouts with sweeping waterfront vistas. Each home gracefully merges indoor and outdoor living, creating an ideal setting for both entertaining or sun-soaked relaxation. Curving terraces, open-air kitchens and floor-to-ceiling windows flood interiors with an abundance of light, while natural materials and soft palettes create a connection to the surrounding landscape.

“Situated just south of Boca Raton, Hillsboro Beach is experiencing one of its most active development periods to date – offering a thriving mix of South Florida’s finest restaurants, shopping, arts and culture,” said Gil Dezer, President of Dezer Development. “With the area’s growing prominence and strong buyer enthusiasm, we’re proud to celebrate this distinctive development’s landmark milestone.”

An extensive collection of five-star amenities managed directly by the Rosewood team is woven into daily life. The indoor-outdoor wellness center, flooded with natural light, features a private his-and-hers spa with saunas, a Hammam, hydro and cold plunge pools, a salon and two state-of-the-art fitness centers. Tennis, paddle tennis, pickleball and Bocce courts, paired with a fully equipped pro shop, invite residents to stay active and enjoy matches with friends and family.

Resort-style oceanfront and sunset pools anchor the waterfront experience, complemented by direct access to a dedicated beach with attended lounge chairs, umbrellas and full food and beverage service, as well as a private marina with 14 vessel slips. An array of refined dining experiences – including an upscale oceanfront dining amenity, a cocktail bar, breakfast bar and creamery – will be guided by a soon-to-be-announced celebrity chef, further enhancing the elevated lifestyle reserved for residents. An imaginative game room, multi-sport simulator and fully appointed guest suites extend the experience, allowing residents to entertain effortlessly.

Signature Rosewood concierge services round out the offering, with residential butler and on-site lifestyle concierge support, 24-hour security and valet, a house car and in-residence dining and catering. Home management services, including floral arrangements and pantry stocking, ensure every detail is taken care of, allowing residents to fully embrace the Rosewood way of life.

“We are honored to collaborate with Related Group and Dezer Development once again to reach this important topping out milestone,” said Tom C. Murphy, Co-President of Coastal Construction Group. “We look forward to delivering a building that upholds the superior standards shared by Coastal, Related Group and Dezer Development as the project continues.”

Pricing for the available homes at Rosewood Residences Hillsboro Beach begins at $5.95 million.

Renderings via VanDerPas, Construction images via Related Group

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