Continuum Company Closes $25 Million Pre-Development Loan for Continuum Club & Residences in North Bay Village

Continuum Company, a real estate development firm with offices in NYC and Miami, has closed on a $25 million pre-development loan for the Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing was provided by Benmark Capital, a vertically integrated real estate private equity and debt investment firm. Continuum Club & Residences has reported strong pre-sales activity, with 50% of units already under contract.

The transaction provides capital to advance site preparation and development activities for the project, which is anticipated to bring 198 luxury waterfront residences to the revitalizing North Bay Village submarket. Developed in partnership with Aksoy Holdings, Continuum Club & Residences represents Continuum’s second Miami project following the successful delivery of Continuum South Beach.

“Benmark Capital is pleased to support The Continuum Company in advancing this highly anticipated development,” said Mark Simon, Chief Executive Officer of Benmark Capital. “This transaction reflects our commitment to financing institutional-quality projects sponsored by experienced developers in supply-constrained, high-demand markets.”

Joe Moser, Director at Benmark Capital, added, “Continuum Club & Residences is exceptionally well-positioned to benefit from the significant investment and infrastructure improvements underway in North Bay Village. We are proud to play a role in bringing this transformative project to fruition and to continue expanding our footprint in the Miami market.”

Designed by Arquitectonica, with interiors by Durukan Design and landscaping by Martha Schwartz Partners, the development will offer over 60,000 square feet of amenities, including multiple resort-style pools, a private marina, a waterfront fitness center and spa, curated dining, and wellness-focused services. The project broke ground in March 2025 and is targeting completion in early 2028.

"Securing this pre-development loan from Benmark Capital is a testament to the strength of our vision for Continuum Club & Residences and the confidence in our team's ability to deliver exceptional value," said Ian Bruce Eichner, Chairman and CEO of Continuum Company. "The tremendous support from our financial partners underscores the unprecedented demand for luxury waterfront living in Miami's emerging neighborhoods. This financing will enable us to maintain our momentum as we transform North Bay Village into Miami's next premier destination."

Renderings via Williams New York

For more information about Continuum Club & Residences or to inquire about purchasing a unit please fill out the form below:

Related Ross Reveal Fitness Lifestyle By Equinox At Waterfront Condo Tower 'Shorecrest' In West Palm Beach

Related Ross has revealed that Shorecrest, a collection of distinctive waterfront condominium residences located on North Flagler Drive, will feature exclusive fitness and wellness amenities and programming meticulously designed and curated in partnership with high-performance luxury lifestyle and fitness leader, Equinox.

With a holistic approach to fitness through its health and wellness offerings, Equinox will offer exclusive Equinox-designed fitness and wellness amenities for Shorecrest residents. Residents will also access Equinox’s signature group fitness classes led onsite by expert instructors, ranging from HIIT, yoga, Pilates, strength training, and more. Additionally, Shorecrest residents will benefit from preferred membership rates at Equinox’s new West Palm Beach club opening in November 2025 at CityPlace.

In the Equinox-designed private fitness center, residents will have access to state-of-the-art equipment, a stretch area, and dedicated yoga and Pilates studios - all replete with sweeping views of the West Palm cityscape. Shorecrest’s rooftop will also feature a 75-foot lap pool with a hot tub, lounge seating, and an outdoor bar with dramatic views overlooking Lake Worth, Palm Beach Island, and the Atlantic Ocean.

Shorecrest’s spa offerings will include contrast therapy with steam, sauna, and cold plunge, as well as a treatment room where residents can enjoy spa treatments.

This partnership will also include dedicated fitness and wellness programming through Related Life, a variety of exclusive experiences designed for Related residents designed to enhance community living and create meaningful connections.

“We are thrilled to partner with Equinox to introduce a new level of luxury living at Shorecrest. This collaboration brings together the best in fitness and wellness, creating an unparalleled experience for our residents,” said Daniah Missmar, Vice President of Development at Related Ross. “With Equinox’s expertise in high-performance living, Shorecrest offers not just a residence but a lifestyle that promotes well-being and a holistic approach to health. We are excited to provide our residents with a truly elevated living experience in one of the most sought-after locations in West Palm Beach.”

Shorecrest is designed by architecture firm Roger Ferris + Partners, with residential interiors and amenities by Rottet Studio, and landscape design by DSBoca. The residences include 199 homes and penthouses, and access to Related Life, an impressive array of amenities, services and programming similar to those found at the most exclusive private members clubs around the world.

Renderings via Related Ross

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

PMG Locks Down $413 Million Construction Loan For One Twenty Brickell Residences

National developer PMG has secured $413 million in construction financing for One Twenty Brickell Residences, a dual-tower luxury mixed-use condominium and rental development rising in the heart of Brickell. The loan covers financing for the condominium, multifamily, commercial, and parking components of the property. An Ares Real Estate fund (“Ares”) and Monarch Alternative Capital provided the financing, which follows a previous collaboration between the two firms on a financing for a PMG property in Wynwood last year.

PMG was represented in the One Twenty Brickell Residences transaction by Jones Lang LaSalle (NYSE: JLL) who, alongside PMG’s Capital Markets team comprised of Andrew Warman, Jon Blank and Paton Marion, secured the financing. One Twenty Brickell Residences will officially break ground the first week of May and is slated for completion in 2028.

“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said Andrew Warman, Managing Director of Capital Markets at PMG. “Receiving the continued support of the Ares and Monarch teams underscores not only the confidence the capital markets have in PMG as a sponsor, but also our ability to identify a strategy to deliver both luxury for-sale and rental product to the heart of Miami’s thriving business district.”

Designed by internationally renowned architecture firm Sieger Suarez Architects, with interiors by Cotofana Designs, plans for One Twenty Brickell Residences consist of two towers. The first tower will rise 37 stories and offer 266 fully finished and furnished condominium residences, each delivered with first-of-their-kind deeded office suites to residents upon their purchase of a condo unit. The second tower, sharing a podium with the first, will rise 41 stories and offer 537 multifamily residential units operated by the Sentral Management Platform. Each studio- to three-bedroom will include fully-integrated kitchens with custom countertops, a curated high-end appliance package, imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, a contemporary lighting package and fully built-out closets in the primary bedrooms. Residences also will offer a high level of efficiency through PMG’s smart home technology experience for seamless personalization with the touch of a button.

“We are grateful to receive the significant support from the Ares and Monarch Alternative Capital teams as we advance on One Twenty Brickell Residences,” Dan Kaplan, Managing Partner at PMG. “At over 91 percent sold, its swift sales success is a testament to the tremendous team at PMG Residential’s hard work and keen understanding of the Brickell market. We’re looking forward to being one step closer to delivering One Twenty Brickell Residences and its revolutionary concept of luxury living to its future residents.”

One Twenty Brickell Residences’ towers offer an impressive collection of amenities thoughtfully designed for socializing, entertaining, and self-care. The over 48,000 square feet of amenities and services available to multifamily residents include a lobby with a concierge service, a modern gym and fitness studio, a pool and hot tub, a grilling terrace, social lounges, a co-working hub, and daily community events. Over 60,000 square feet of condominium-specific amenities are also available, including an owner’s lounge, an infinity-edge pool, a pickleball court with courtside seating, a kid’s club and gym, a cafe and juice bar, and the One Twenty Brickell Residences Wellness & Fitness center, equipped with steam, sauna, and treatment rooms, a relaxation area with outdoor terraces, a state-of-the-art fitness studio with the latest high-tech equipment, a movement studio, and a yoga lawn.

“Ares is pleased to further build on our relationship with PMG with this latest project that capitalizes on the strong demand for luxury housing in Miami,” said Bryan Donohoe, Partner and Head of U.S. Debt in Ares Real Estate. “We look forward to potential future opportunities to provide Ares’ scaled and flexible capital solutions in this dynamic market environment.”

“We are pleased to be a lender-of-choice and work with a best-in-class developer like PMG that has an exceptional presence in the Miami market,” said Joshua Acheatel, Head of Real Estate Acquisitions at Monarch Alternative Capital. “Boasting luxury finishes and extensive amenities, we believe One Twenty Brickell Residences is favorably positioned at a marquee location. We are excited to continue our relationship with PMG and are looking forward to the project’s success.”

Legal representation was spearheaded by PMG’s in-house team consisting of Lowell Plotkin, Scott Buscemi and Lindsay Davis. Outside counsel involved in the financing for One Twenty Brickell Residences include James Godman, Borna Khoshand, and Celeste Williams at Kramer Levin Naftalis & Frankel LLP, who served as the lead transactional counsel; David Shear, Luis Flores, and Teofilo Victoria at Saul Ewing LLP, who served as condominium counsel and local counsel; Javier Avino and Andres Rivero at Bilzin Sumberg Baena Price & Axelrod LLP, who served as land use counsel; and Evan Wagowski at Greenberg, Trager & Herbst, LLP, who served as construction counsel.

With more than three decades of experience in luxury residential developments nationwide, PMG continues to passionately transform skylines with impeccable attention to detail throughout each of its projects. In addition to its extensive portfolio of over 175 projects, the developer is famed for thoughtfully designed condominium developments including 111 West 57th Street in New York City; E11EVEN® Club Hotel & Residences & E11EVEN® Club Residences Beyond, 38 West Eleventh Residences Miami, Waldorf Astoria Hotel & Residences, One West Twelve Residences, and The Elser Hotel & Residences in Miami; Sage Intracoastal Residences in Fort Lauderdale; as well as One Park Sarasota and One Park West on Florida’s west coast. PMG also has expanded its multifamily division, Society Living, to span nationwide, with more than seven communities open or under construction.

Renderings via ARX Creative

For more information about One Twenty Brickell Residences or to inquire about purchasing a unit please fill out the form below:

Kobi Karp-Designed Boutique Condo OPUS Coconut Grove Launches in Coconut Grove

The Kobi Karp-designed OPUS Coconut Grove luxury boutique condo has launched in the heart of Miami’s Coconut Grove neighborhood. Featuring only 14 luxurious condos,12 residences and 2 penthouses, the luxury development will offer 3- and 4-bedroom layouts, starting at $2.5 million. Estimated delivery is in the summer of 2026.

OPUS Coconut Grove is being developed by Meta, a joint venture between Lucid Investment Group and Iron Capital. Architecture is by Kobi Karp and interior design by João Armentano, the famous Brazilian designer’s first project in Miami. In Brazil, he completed São Paulo’s Hotel Unique and the Hotel Carmel Taíba in Ceará. Christopher Wands and Sari Libbin Shapiro of Douglas Elliman are leading sales and marketing.

The units will range in size from from 1,905-2,548 interior sq.ft and will feature light-filled, 12-foot ceilings with floor to ceiling windows and private outdoor terraces. Custom kitchens feature Sub-Zero appliances and porcelain tile floors.

Building amenities include a secluded rooftop pool with bar, lounge, and outdoor kitchen. Signature spa with sauna, steam and massage rooms. A business lounge with private rooms and conference room, along with private dedicated wine cellars and a dynamic children’s playroom, round out the amenity package. For ease of mind, there is also a 24-hour concierge reception, valet and security.

Located at 3137 SW 27th Ave, OPUS is ideally positioned within walking distance of Coconut Grove’s Cocowalk with the finest restaurants, upscale retail, marinas, and recreational parks. Additionally, it’s just a short drive from some of the county's top-rated schools like Coconut Grove Montessori School, MCA Academy, Ramson Everglades High School, and Carrollton.

Renderings via Neorama

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

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.

The Perigon Completes First Hydrostatic Concrete Slab Pour In Miami Beach

The Perigon, an ultra-luxury new condo seated on two acres of prime beachfront in Miami Beach, has officially completed the first hydrostatic concrete slab pour for the property, having flowed continuously for approximately 9 hours. Once completed, the pour reached 520 cubic yards of concrete with 60 tons of reinforcing steel and 60 truckloads of concrete over the active construction period. The Perigon is being developed by Mast Capital and Starwood Capital and is slated for delivery in 2027.

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 Binyan Studios and The Perigon

For more information about The Perigon Miami Beach or to inquire about purchasing a unit please fill out the form below:

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.