Oak Row Equities and OKO Group Close Largest Land Acquisition in Florida With $520 Million Waterfront Land Deal in Brickell

Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida. The joint venture closed on the $520 million purchase of Aimco’s 4.25-acre waterfront parcel—located at 1001 and 1111 Brickell Bay Drive—with 485 feet of continuous Biscayne Bay frontage.

TYKO Capital is the senior lender, providing a $464.5 million acquisition and predevelopment loan. Positioned in the heart of Miami’s Brickell financial district, the overall site is zoned for over three million square feet of development, allowing for multiple towers that can rise up to 1,049 feet. The assemblage, the largest and last remaining developable site of this scale in Brickell, will feature an ultra luxury destination that redefines the future of holistic living and leisure. The first phase of development will feature a hotel and branded condominiums.

“Closing on Brickell Bay Drive is a historic moment for our growing firm—a milestone that speaks to the caliber of our team—and for the future of Miami. We are honored to partner with OKO Group to create a globally-coveted experience and new way of living that is singular to this once-in-a-lifetime waterfront site,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities. “Tyko Capital has been an incredible partner and a true pleasure to work with. Their financing is a powerful validation of the underlying fundamentals of this exceptional transaction, and we are grateful for their partnership and belief in the unprecedented growth ahead for South Florida.”

“This landmark acquisition represents a pivotal moment for Miami and reinforces OKO Group’s long-term commitment to elevating the city’s global profile,” said Vlad Doronin, Founder and CEO, OKO Group. “Brickell’s final remaining waterfront site of this scale provides a rare opportunity to create an iconic mixed-use development that will set a new benchmark for design, wellness, and luxury hospitality in the United States. We are pleased to collaborate with Oak Row Equities, whose vision and expertise align with our ambition to deliver enduring value and an unparalleled lifestyle experience for residents and guests on Biscayne Bay.”

Oak Row Equities has rapidly ascended as a preeminent development firm in the South Florida real estate industry. Wynwood Plaza, the largest mixed-use development in Wynwood, is home to Amazon’s South Florida headquarters and 509 brand new luxury rentals. Oak Row assembled the land for this project in the largest off-market transaction in Wynwood’s history.

2900 Terrace, a premier luxury multifamily tower in Miami’s vibrant Edgewater submarket, broke ground in October following the close of a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan provided by Canyon Partners Real Estate. 2600 Biscayne, a 41-story Class AAA office and multifamily tower in Edgewater and currently under construction, was funded by a $181M construction loan from Bank OZK with over 50% of the commercial space pre-leased.

Simultaneously, ORE is finalizing plans for First & Fifth, a brand new luxury multifamily tower designed by ODP Architects, that will rise across the street from MiamiCentral Station – the hub of all four major train systems in South Florida. ORE is also advancing permits for Venus, a 440-unit multifamily project in North Miami Beach.

OKO Group builds on the formidable expertise of Doronin, one of the most successful and respected international developers, and his peerless track record in constructing world-class office, retail and luxury residential space over a total of 82 buildings.

OKO Group’s current U.S. portfolio of prime properties and development projects include 830 Brickell, a Class A-plus office tower in Miami’s Brickell Financial District; two luxury residential developments in Miami, Missoni Baia in Edgewater and Una Residences in Brickell; Aman Miami Beach, spanning two oceanfront buildings at 3425 Collins Avenue; the Crown Building in New York City, which opened in 2022 as Aman New York at the crossroads of Fifth Avenue and 57th Street; and One Beverly Hills, a 17.5-acre multi-billion dollar master planned development in partnership with Cain International which will include Aman Beverly Hills which will encompass an Aman hotel, branded residences, and a private club.

Allen Morris Co. Breaks Ground on Ponce Park In Downtown Coral Gables

Allen Morris Co., one of the most renowned real estate firms in the Southeast U.S., has officially broke ground on Ponce Park, its highly anticipated mixed-use development in the heart of Coral Gables.

Located at 3000 Ponce de Leon Blvd., this groundbreaking marks the beginning of a project set to become a timeless landmark in the City Beautiful. Honoring Coral Gables’ Mediterranean roots through contemporary design, Ponce Park will redefine boutique luxury living in the city.

The milestone was commemorated at the Ponce Park Sales Gallery with two special events, beginning with an intimate morning ceremony where guests were welcomed with mimosas, coffee and hors d'oeuvres.

W.A. Spencer Morris, President of Allen Morris Co., W. Allen Morris, Chairman and CEO, Daniel de la Vega, President of ONE Sotheby’s International Realty and Javier Bellon, Sales Director at Ponce Park, all spoke to the vision and dedication behind the nearly five-year project.

“We’ve always believed that great projects should elevate the people and communities they touch, and that philosophy guided every decision behind Ponce Park,” said W.A. Spencer Morris, President of Allen Morris Co. “Our hope is that future residents feel not just impressed by their experience at Ponce Park but genuinely inspired by the place they’ll call home.”

The celebration continued into the evening as city officials and top brokers from Coral Gables, Coconut Grove and Key Biscayne returned for a cocktail reception. With a curated wine selection by Mattheu Yamoum, COO and co-owner of Maison Mura, alongside appetizers from Michelin-star chef Sebas Vargas, live jazz and specialty cannoli for dessert, guests enjoyed the atmosphere while previewing the development.

Coral Gables Mayor Vince Lago and Vice Mayor Rhonda Anderson shared their excitement for the project’s transformative impact and praised Spencer Morris’ leadership and commitment to the city throughout the development process.

“Ponce Park is redefining luxury living in Coral Gables, and today’s groundbreaking showed the immense confidence in both the project and the Gables luxury market,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “This is a rare opportunity for buyers seeking the highest level of design and sophistication in one of the nation’s most coveted neighborhoods.”

Ponce Park is envisioned as a sanctuary where boutique luxury meets the vibrant lifestyle of Coral Gables. The development offers 58 bespoke two- to five-bedroom residences, ranging from 1,900 to more than 6,500 square feet.

Designed by John Cunningham of Zyscovich Architects with interiors by the internationally acclaimed Meyer Davis, each home in the 11-story tower will feature 11- to 12-foot ceilings, private elevators, Italian-crafted kitchens, expansive terraces with summer kitchens and interiors that blend modern refinement with classic European-inspired details.

Located at 3000 Ponce de Leon Blvd., at the intersection of Ponce de Leon Blvd. and University Drive, residents will enjoy access to a suite of amenities including a rooftop pool, sky bar, artisanal cafe, spa and serene meditation courtyard, fitness studio and a private rooftop lounge offering panoramic views of the Southeast Gables.

At ground level, the building will introduce 25,000 square feet of curated retail anchored by a world-class restaurant, all just steps from The Plaza Coral Gables and Miracle Mile. As part of its commitment to the surrounding community, Allen Morris Co. will work in collaboration with the City of Coral Gables to perform $11 million dollars in improvements to the adjacent Ponce Circle Park, strengthening the public realm for the broader community.

Construction on Ponce Park is now officially underway, with completion anticipated in early 2028. Sales are being exclusively handled by ONE Sotheby’s International Realty, with residences starting at $3.1 million.

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Images via Allen Morris Company

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

Inside The 2nd Annual PROFILEmiami Spec Home & Ultra Luxury Real Estate Summit 2025

The 2nd Annual PROFILEmiami Spec Home & Ultra-Luxury Real Estate Summit, held last week at the state-of-the-art Lighting Loft in Midtown Miami in partnership with LUC Electric and Tidelli, was a resounding success—bringing together more than 150 of South Florida’s most influential developers, financiers, brokers, architects, designers, and luxury service providers for an evening defined by insight, connection, and elevated dialogue.

Guests consistently praised the exceptionally high caliber of attendees, noting the Summit’s unique ability to foster meaningful, long-term business relationships across every facet of the ultra-luxury and spec home ecosystem. With representation spanning Miami, Fort Lauderdale, and Palm Beach, the event reinforced PROFILEmiami’s position as a leading platform for convening the decision-makers shaping South Florida’s most prestigious residential market.

The evening featured two powerhouse panels that explored both the creative and commercial forces driving today’s ultra-luxury homes. The Design & Development Panel placed a strong emphasis on wellness-driven living, advanced smart home technology, and privacy-focused design, underscoring how health, performance, security, and discretion have become non-negotiable pillars of high-end residential demand. Panelists discussed everything from clean-air and wellness systems to lighting, automation, and security solutions that enhance both lifestyle and long-term value.

The State of the Market Panel delivered a forward-looking perspective on the region’s luxury real estate landscape, with speakers expressing clear optimism in the continued growth and resilience of South Florida’s market. Panelists cited sustained buyer demand, demographic and wealth migration trends, and the region’s expanding global appeal as key drivers supporting the ongoing strength of the spec home and ultra-luxury sector.

Insights were shared by some of the industry’s most respected voices, including top-producing brokers Jordan Karp of JK Real Estate and Lourdes Alatriste of Douglas Elliman—both ranked among Miami’s Top 20 producers by sales volume in 2025—alongside architect Ralph Choeff of Choeff Levy Fischman; spec home financier Zack Simkins of Vaster Capital; developers Pascal Nicolai of Sabal Development, Jose Boschetti Jr. of Boschetti Group, and Kirk Ivy of IVEY Punch / IVEY Design Build; developer and interior designer Kathy Samaan of Samaan Design Group; and smart home leader Ross Samanchuk of LUC Electric. Together, the panelists offered candid insights into pricing dynamics, development strategy, design evolution, and what defines success at the highest end of the market.

Complementing the panels, the Ultra-Luxury Real Estate Showcase brought together the top brands and service providers powering South Florida’s most exceptional homes, allowing attendees to experience firsthand the craftsmanship, innovation, and technology behind today’s premier residential projects. The evening featured PROFILEmiami’s signature cocktail networking soirée powered by Cala Bennati wine, creating an environment intentionally designed for high-level, bespoke networking. The event was followed by a private VIP Dinner for the panelists hosted at the Tidelli Outdoor Living Miami furniture showroom by Tidelli Miami and LUC Electric.

The 2nd Annual Summit builds on PROFILEmiami’s legacy of hosting industry-leading real estate events that combine education, insight, and curated connection. As South Florida’s ultra-luxury market continues to evolve, the Spec Home & Ultra-Luxury Real Estate Summit remains a defining forum for the leaders shaping the region’s most remarkable homes—celebrating the artistry, ambition, and collaboration that drive the market forward.

Please check out our sponsors LUC Electric for smart home and lighting design, Tidelli Outdoor Living furniture, Vaster Capital mortgages and lending, Ero Lighting lighting design, Samaan Design Group interior design, IVY Punch for buyer inspection and punch list expertise, The Lighting Loft lighting showroom, Modern Stones marble and stone, CPS Outdoors pool systems and Cala Bennati Wines.

VIP Dinner at Tidelli Miami

For more information about upcoming PROFILEmiami Events please check out our events page here or fill out the form below:

Ugo Colombo's CMC Group Completes Vita at Grove Isle in Coconut Grove

Renowned Miami developer Ugo Colombo’s CMC Group has officially delivered its most sophisticated development to date, Vita at Grove Isle, marking the pinnacle of the firm’s three-decade commitment to elevating Miami’s luxury residential landscape. The 7-story boutique condominium features 65 ultra-luxury residences and is located on the exclusive 20-acre private island of Grove Isle, situated just offshore of Miami’s Coconut Grove enclave. Following the receipt of the building’s Temporary Certificate of Occupancy (TCO), closings have now commenced as residents begin to take ownership of their units and prepare for move-ins.

Since its 2023 sales launch and groundbreaking, Vita has attracted a predominantly domestic buyer pool, including many local Miami residents relocating from large estate homes in nearby affluent neighborhoods. Drawn to Vita’s expansive, estate-like floor plans, these buyers value the ability to downsize without compromising space, while gaining the convenience, privacy, and lock-and-leave ease of luxury condominium living. As the only new luxury condominium delivering in Coconut Grove this year, Vita also offers the advantage of immediate occupancy for buyers eager to transition seamlessly into their new homes.

The majority of Vita’s residences have already been sold, leaving a limited selection of available inventory priced from $6.5 million, including a two-story penthouse with a private pool and rooftop terrace priced at $22 million.

“Vita at Grove Isle represents the culmination of years of careful planning, thoughtful design, and an unwavering attention to detail,” said Ugo Colombo, Founder of CMC Group. “Our goal was to deliver a level of quality, privacy, and craftsmanship that feels truly special, something worthy of this remarkable island. Seeing Vita come to life is incredibly meaningful, and I’m proud of what we have created.”

Every detail of Vita, from its layouts and smart-home systems to the fine marbles sourced directly from Italy, was personally overseen by Ugo Colombo, a Milan native with an unmatched eye for luxury. His involvement touched every corner of the project, from the building’s façade engineering to custom furnishings and advanced lighting and climate technologies, resulting in a seamless living experience defined by craftsmanship and enduring quality.

Vita’s completion marks the latest milestone in Ugo Colombo’s three-decade legacy of shaping Miami’s skyline. His commitment to timeless style, breathtaking luxury, and meticulous detail has been a constant in the sea of change defining Miami real estate. Since igniting the city’s luxury condominium boom with Bristol Tower and Santa Maria in the early 1990s, Colombo has continued to deliver a selective and curated portfolio of best-in-class developments including Porto Vita, Grovenor House, EPIC Hotel & Residences, Brickell Flatiron, and most recently Onda Residences in Bay Harbor Islands, all of which have retained their value and remain synonymous with elevated design and craftsmanship.

“Delivering Vita at Grove Isle is especially meaningful for us because we only take on one or two developments at a time, allowing us to pour our full attention into every detail,” said Christine Martínez de Castro, Chief Marketing and Sales Officer of CMC Group. “Under Ugo’s leadership, every element, from the caliber of materials to the integrity of the design, was thoughtfully considered to ensure Vita feels like a collection of private homes, a true waterfront retreat accessible only by a private bridge. It reflects the standard of quality and craftsmanship that has guided Ugo’s work for years and continues to set our developments apart.”

For the design of Vita, Colombo partnered with global architecture and design firm CallisonRTKL, local architecture firm S&E Architects, and Italian designers Carlo and Paolo Colombo of A++ Architecture to create one-of-a-kind interior and amenity spaces. Vita’s three elegantly curved buildings – Mare, Luce and Sole – are designed to showcase a single architectural structure mirroring the natural contours of the island, while maximizing panoramic views of the sparkling Biscayne Bay from every residence.

Resident amenities include a private bayfront pool, Pickel and Padel courts, poolside bar and lounge, a state-of-the-art fitness center and spa, and membership to the “Grove Isle Racquet and Yacht Club,” which features a Club pool with adjacent bar as well as night-lit tennis. Residents and their guests will also enjoy access to La Sponda, an elevated Italian dining concept from Gioia Hospitality Group, the team behind Miami’s acclaimed Daniel’s, opening in 2026 for lunch, dinner, and cocktails.

The level of planning that has gone into Vita’s architecture and amenities is matched only by the detail paid to the design of its residences. Units feature dedicated elevators with private foyers, contemporary Italian-designed open-concept kitchens equipped with concealed, top-of-the-line Miele appliances, and elegant bathrooms showcasing custom Italian cabinetry, European designer fixtures, hand-selected book-matched marble, and masterfully crafted Italian stonework. Additionally, each home offers at least 10-foot ceilings from finished floor to drop ceiling, pre-installed smart home automation for seamless control of lighting, climate, and air/water filtration systems, and high-performance soundproofing for unparalleled privacy and comfort.

Vita’s exclusive collection of 12 two-story penthouses elevates the experience further with private rooftop terraces offering full-size swimming pools and summer kitchens allowing for year-round outdoor dining, lounging and entertaining. Inside, each penthouse features drop ceilings and soaring 11-foot finished ceiling heights that enhance the home’s sense of volume and elegance.

Grove Isle is one of the most exclusive residential locations in Miami. Spanning 20 acres, the gated private island in Coconut Grove is just minutes away from mainland Miami via the scenic Grove Isle bridge. The secluded community is highly prized by residents as a peaceful haven with panoramic bay views, in close proximity to Miami’s best shopping, elite schools, chef-driven restaurants, world-class arts and culture, and destinations such as Brickell, Miami Beach and Coral Gables.

As Colombo celebrates the completion of Vita, CMC Group is already ushering in its next chapter with the recent groundbreaking of the Four Seasons Private Residences Coconut Grove, the firm’s newest ultra-luxury development in partnership with Fort Partners. Poised to become one of Miami’s most distinguished addresses, the project continues CMC’s tradition of delivering meticulously crafted, design-forward residences that elevate the city’s skyline and reinforce its position as a global luxury destination.

Images via CMC Group

For more information about Vita at Grove Isles, private showings or purchasing/ leasing information please fill out the form below:

Sabal Development Unveils Ultra-Luxe $75 Million ‘Villa Tropezina’ Estate on Manalapan’s Billionaire’s Beach

Sabal Development has revealed their newly listed "Villa Tropezina," a spectacular new-construction, dual-waterfront estate located at 3050 S Ocean Boulevard in the exclusive Manalapan, Florida, enclave known as Billionaire’s Beach. Masterfully developed by Sabal Development and expertly crafted by Sabal Luxury Builders under the direction of Pascal Nicolai, the three-story house is priced at $75,000,000.

Pascal Liguori and Carmen D’Angelo of Premier Estate Properties are the listing agents.

Slated for completion in the Spring of 2026, the magnificent residence offers 6 bedrooms, 10 bathrooms, and a total interior livable area of 15,832 square feet, set on a sprawling 1.33-acre lot. Designed by Togu Design, Villa Tropezina sits on a walled and gated property that extends from a private, pristine Atlantic Ocean beach to a secluded Intracoastal inlet, providing 70 feet of private frontage on both waterways. The owner will have access to an exclusive cabana beach through a tunnel, providing immense privacy.

“Villa Tropezina is the culmination of Sabal’s commitment to extraordinary design and impeccable craftsmanship, set within the incomparable exclusivity of Manalapan’s Billionaire’s Beach.” Said Pascal Nicolai, CEO of Sabal Development and Sabal Luxury Builder. “Our vision was to create an 'Organic Modern Jewel' that not only offers an ultimate luxury lifestyle with resort-style amenities, but that also achieves a rare, zen-like serenity by seamlessly blending the beauty of the Atlantic Ocean and the Intracoastal with cutting-edge modern architecture.”

The home embodies a zen-like serenity, seamlessly blending creamy natural tones and organic wood treatments with cutting-edge modern design, blurring the lines between indoor and outdoor living. The ultimate luxury lifestyle is achieved through its world-class amenities and resort-style features, including unobstructed ocean and Intracoastal views from floor-to-ceiling glass sliders and glass-railed terraces. The house will be fully furnished by Roche Bobois and decorated to show its full potential. The décor is not included in the homes listing price.

Premier amenities include:

• Dual Waterfront Features: A full-service Intracoastal boat dock and a private approach to an exclusive Atlantic Ocean beach, complete with a beach-side cabana featuring a game room/lounge.

• Entertaining Oasis: A heated saline infinity-edge waterfront pool and spa, a fire pit, a grilling station, a private screening room with lounge seating and a built-in bar, and multiple tiered terraces.

• Wellness & Auto Salon: A dedicated wellness center with a gym, sauna, and spa bath, and an impressive 8-10 car auto salon.

• Palatial Suites: A secluded primary suite offering a morning bar, lavish spa bath, dual fitted boutique walk-in closets, and a large covered terrace overlooking the Intracoastal. The home also includes a VIP oceanfront guest suite and three additional guest suites.

Constructed with concrete throughout, the residence is a secure oasis, featuring impact windows and doors, a whole-house generator, multi-camera security, and Savant® smarthouse automation for fingertip control. Villa Tropezina offers a level of luxury and exclusivity rivaling the world's most sought-after destinations, all just minutes from world-class dining and shopping along Palm Beach’s iconic Worth Avenue.

Renderings via Sabal Development

For more information about Villa Tropezina, private showings or purchasing/ leasing information please fill out the form below:

Terra, One Thousand Group and Major Food Group Reveal $55 Million, 15,000 SF Three-Story Penthouse At Villa Miami in Edgewater

Marking one of the most ambitious residences ever brought to market in the city, Villa Miami unveils a 15,000-square-foot, three-story estate in the sky. Conceptualized by acclaimed interior designer Vicky Charles of Charles & Co., the waterfront triplex crowns the top of the 56-story tower. Villa Miami is under construction, on track for delivery late 2027.

Developed by Terra (David Martin), One Thousand Group (Kevin Venger, Louis Birdman, Michael Konig), and Major Food Group (Jeff Zalaznick, Mario Carbone, Rich Torrisi, Alex Pirez), Villa Miami fuses bold architecture with five-star hospitality in a highly curated, low-density setting of just 70 residences. The 650-foot-tall waterfront condominium is set to become a new architectural landmark on Biscayne Bay, featuring a rooftop helipad and a distinctive copper-colored exoskeleton designed by ODP Architects.

“This triplex design represents the caliber of residences the new Miami market is craving,” said David Martin, CEO of Terra. “Vicky Charles is behind some of the world’s most elegant private estates, and she brings a level of sophistication rarely seen in Miami. Her design for this residence is worldly, timeless, and unlike anything else in the city. This residence delivers the scale and privacy of a single-family home across three floors in the sky.”

Charles drew inspiration from mid-century Italian villas and Biscayne Bay. An AD100 designer with a client roster that includes the Beckhams, the Clooneys, Ashton Kutcher, and Mila Kunis, Charles brings a signature sense of warmth and depth to Villa, her first-ever Miami condo tower project. Upon entry, a sculptural spiral staircase makes a dramatic statement, complemented by diamond-patterned stone, ambient lighting, and hand-applied plaster walls.

“Every aspect of this project is deeply personal to us,” said Charles. “We approached every detail through the lens of luxury, incorporating distinctive marbles, custom patterns, and highly curated amenity offerings.”

Priced at $55 million, the fully finished and furnished three-story residence designed by Vicky Charles spans 12,752 interior square feet and 2,069 square feet of exterior space, including a 185-square-foot private entry foyer. It features five bedrooms, five bathrooms, two powder rooms, and four private terraces, along with estate-scale amenities: two full kitchens, a private pool, gym, sauna, steam room, massage room, office, staff quarters, private elevator, and two laundry rooms, all elevated high above Biscayne Bay.

The first level includes the dramatic spiral staircase framed by two-story bay views, the primary suite, two secondary bedrooms, a dual-vanity marble bath, office, family room, two terraces, and a walk-in closet connected to a laundry room. A corner study with a built-in bar and a rec room with a copper-detailed marble bar complete the floor.

Dedicated to entertaining, the second floor unveils a chef’s kitchen flowing into the great room, formal dining space, and waterfront terrace. A hidden butler’s kitchen, wine cellar, and staff quarters enhance functionality.

The top level is a full-service wellness and leisure deck featuring a bayfront infinity pool, gym, sauna, steam and massage room, lounge, billiards room, bar, and two covered outdoor areas.

“This residence embodies the pinnacle of luxury entertainment,” added Charles. “It’s a defining feature that sets this space apart as truly one-of-a-kind.”

“This triplex really reflects where Miami’s market is today,” said Kevin Venger of One Thousand Group. “Buyers are looking for ultra-luxury homes with space, privacy, and a true sense of lifestyle—and that’s exactly what we’ve created here. Vicky’s design brings it all together beautifully, making this a one-of-a-kind residence that speaks to how people want to live in Miami now.”

Villa Miami has attracted strong interest from both domestic and international buyers, with residents hailing from the Northeast, California, Canada, Latin America, and Europe. The building appeals to a high net worth demographic that includes professional athletes, CEOs, and top executives in finance and tech, reflecting South Florida’s evolving buyer profile. Miami has become a go-to destination for billionaires, tech moguls, and finance executives, fueling a wave of record-breaking real estate deals and establishing the city as home to some of the country’s wealthiest individuals, including Jeff Bezos and Ken Griffin.

The tower also marks the first branded residential tower by Major Food Group, the acclaimed team behind CARBONE, ZZ’s Club, and Dirty French. The group has curated every aspect of the resident experience, from interiors to culinary programming. At the heart of the tower is The Copper Club, a three-level private amenity suite with private dining, lounges, screening room, salon, wellness facilities, and a rooftop helipad. On the ground floor, a waterfront restaurant by Major Food Group will offer residents VIP access and priority seating.

Terra and One Thousand Group have come together as partners for the first time to present Villa Miami. Led by David Martin, Terra recently delivered Five Park Miami Beach and Mr. C Residences Coconut Grove, and has previously completed residential developments including the Renzo Piano-designed Eighty Seven Park, the Rem Koolhaas/OMA-designed Park Grove, and the Bjarke Ingels-designed Grove at Grand Bay towers. One Thousand Group’s portfolio includes the Zaha Hadid-designed One Thousand Museum tower, Ten Museum Park, and Regalia on the Ocean.

Renderings via Binyan Studio

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

Naftali Group Debuts 'JEM in the Sky' as Art Basel Begins

Naftali Group kicked off Miami Art Week with an exclusive Art Basel preview on Tuesday, December 2, at the JEM Private Residences sales gallery in Miami Worldcenter, presenting the impressive new installation, “JEM in the Sky.” Guests were treated to cocktails and hors d’oeuvres as they observed the installation’s craftsmanship up close and captured photos before its lift. As evening turned to night, the installation rose into the skyline, revealing Miami’s newest “Jewel in the Sky” and delivering a highlight of Miami Art Week. The experience previewed what JEM Private Residences aims to bring to the heart of downtown: a new benchmark for refined living grounded in beauty, craftsmanship and cultural presence.

The installation was on display every evening from December 2 to December 7, allowing residents and visitors throughout the week to experience the glowing landmark and its dialogue with the city around it.

Developed by Naftali Group, JEM Private Residences is the jewel of downtown Miami, located within Miami Worldcenter. The residential tower will rise over 700 feet tall and span 67 stories, defining itself as a focal point within the city. Naftali Group has brought together a world-class team of architectural and design talent, including Miami-based Arquitectonica and the internationally renowned Rockwell Group. Spanning from studios to four-bedroom options, JEM Private Residences is the epitome of luxury in South Florida, with residences beginning from the 43rd floor, to ensure all residents experience picturesque city views of downtown Miami.

Located atop the 50th floor, JEM Private Residences offers an expansive suite of amenities, including a 60-foot outdoor pool, indoor Sky Lounge, state-of-the-art fitness center, boxing arena, yoga patio, spa suite with steam, salt, and sauna rooms, along with a co-working space and spirits tasting room for refined social experiences. The crowning jewel of the building will be the JEM Sky Villas with Interiors by FENDI Casa, a collection of luxury penthouses designed with signature FENDI Casa furnishings and designs.

Construction progress for JEM Private Residences is already underway. The project broke ground in April 2024, just under 6 months after bringing the project to market, which is atypical for the Miami real estate market. That momentum is reflected in the market as well, with sales moving at a strong pace, including the recent $8 million sale of Sky Villa 2 with Interiors by FENDI Casa. This move speaks to Naftali Group’s track record as a developer and underscores its confidence in the continued efforts to bring high-quality residential products to South Florida. The project is now rising past its sixth level and remains on track to be completed in Q4 of 2027.

As Naftali Group deepens its footprint across South Florida, the firm continues to expand beyond Miami with Viceroy Residences Fort Lauderdale. Ideally situated between Las Olas Boulevard and Flagler Village, Viceroy Residences Fort Lauderdale is the first Viceroy-branded luxury condominium in Fort Lauderdale and is set to redefine the South Florida residential scene with its hospitality-driven approach. With a collection of luxury residences and over 30,000 square feet of thoughtfully designed amenities and bespoke services, Viceroy Fort Lauderdale creates an unmatched urban oasis that sets a new standard for luxury living.

For more information or to schedule a private presentation, please contact the JEM Private Residences Miami Sales Gallery at info@thejem.com or visit thejem.com.

Images via Naftali Group

Developers of The St. Regis Residences, Sunny Isles Beach, Miami Secure $418.3 Million Construction Loan Package

Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, announced today that they have secured a $418.3 million construction loan package. Bank OZK was the lender. The total package ranks among the largest ever for Sunny Isles Beach real estate.

The latest financing for the under-construction, two-tower oceanfront development comes on the heels of significant sales activity and international buzz. The Residences’ South Tower is now 90% sold, while at the adjacent North Tower – the community’s second and final building – the volume of contracts continues to underscore sustained buyer demand.

“We are pleased to confirm that The St. Regis Residences, Sunny Isles Beach, Miami closed its construction loan with Bank OZK, which was the existing lender on the property for a number of years, completing the capital stack of the project,” said Edgardo Defortuna, CEO of Fortune International Group. “Securing this loan confirms the strong confidence lenders have in our vision.”

“This loan reflects the pace-setting sales and sustained demand for this project and South Florida’s evolving luxury market,” said Manuel Grosskopf, CEO of Château Group. “Our project has firmly established itself as one of the region’s most desirable new developments. We look forward to delivering its completion and welcoming our owners.”

Featuring an unprecedented 435 linear feet of oceanfront – the most of any residential enclave currently rising in the region – The St. Regis Residences, Sunny Isles Beach, Miami was designed by the acclaimed architectural firm Arquitectonica, with construction overseen by industry authority Coastal Construction.

The South Tower, with 170 residences, is on track for completion in late 2028. The North Tower, comprising 150 residences, will break ground next year. The total sell-out for both towers is projected to exceed $3 billion.

Remaining residences start at $5 million. The on-site, oceanside sales gallery is located at 18801 Collins Avenue, Sunny Isles Beach.

Interior renderings via Binyan Studio unless otherwise noted

The St. Regis Residences, Sunny Isles Beach, Miami are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). La Playa Beach Associates, LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made about the project.

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Josh Flagg Lists Reimagined Mediterranean Villa on Miami Beach's Exclusive North Bay Road For $10 Million With Jordan Karp LLC

Flagg Family Capital, in partnership with Carolwood LP, has officially listed its newly rebuilt Mediterranean villa on North Bay Road for $10 million with Jordan Karp LLC, marking one of the most compelling non-waterfront offerings to hit Miami Beach this season. The home, developed by Josh Flagg who has starred on Bravo’s Million Dollar Listing Los Angeles, and redesigned by BuiltIN Studio / Gary Eisner, sits directly across from David and Victoria Beckham’s $72.5 million bayfront compound—placing it in one of the corridor’s most exclusive pockets.

The 4,000-square-foot residence is positioned on a lush 10,000-square-foot lot with a gated entry and resort-style grounds. Inside, vaulted ceilings, new custom wood flooring, bespoke millwork, and a restored limestone fireplace create a warm modern Mediterranean aesthetic. The kitchen features white oak cabinetry, SubZero appliances, and Waterworks fixtures, while the bathrooms showcase travertine accents and custom detailing throughout. A detached pool house functions as a private wellness retreat with a sauna, cold plunge, outdoor shower, and powder room.

Flagg has been clear that the timing of the listing aligns with shifting political sentiment in New York, which he says accelerated his decision to bring the home to market through broker Jordan Karp of Jordan Karp LLC.

“The minute New York elected Mandahmi, I called my broker Jordan Karp,” Flagg says. “I didn’t even wait for the acceptance speech.” Since going live for $10 million, the listing has already generated immediate attention from local, domestic, and international buyers—mirroring a larger post-election migration pattern toward tax-friendly, lifestyle-driven markets like Miami and Palm Beach.

North Bay Road itself remains one of the country’s most prestigious residential streets, home to a roster of global entrepreneurs, investors, entertainers, and legacy families. With multiple recent trades above $70 million—and several pushing past the $100 million mark—the corridor has become synonymous with scarcity, exclusivity, and record-setting land values. Inventory is minimal, and any newly finished product tends to move quickly. Flagg and Carolwood LP's property, headed by Adam Rubin and Andrew Shanfeld, is located across the street from David Beckham's $72.5 million compound on Biscayne Bay.

Flagg describes the home as “essentially brand-new,” with every system, finish, and layout refined during the renovation. Though he maintains a significant real-estate footprint in both Los Angeles and New York, he views this Miami project as part of a broader strategy to position capital in markets with strong momentum. The ongoing influx of Northeastern wealth, alongside interest from London, California, and Europe, has only reinforced that conviction.

“But let me be clear, I love New York. It’s home half the month. I spend two weeks there and two weeks in L.A., and I still own plenty of real estate between Manhattan and Long Island. I’m not changing anything in New York, I’m just taking advantage of what’s happening in Miami. It’s called business.” Said Flagg.

With the listing now active with Jordan Karp LLC, the property adds another high-profile chapter to North Bay Road’s ongoing luxury surge. And while Flagg developed the residence as an investment rather than a personal residence, he hints that Miami remains firmly on his radar.

“Florida’s fine, it’s not going anywhere,” said Flagg. “Once the noise dies down, I’ll probably just buy everything back again. I invest where it’s the right place at the right time. The only things I’m emotionally attached to are Los Angeles, New York, and zoning laws… and Florida’s been on a waitlist for all three since the 1980s.”

Images via Binyan Studio and Jordan Karp LLC

Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove

Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has secured a $138.5 million construction loan from BDT & MSD Partners (“BDT & MSD”), through its affiliated funds, and BHI, the U.S. Bank of Bank Hapoalim, B.M. for Ziggurat, a mixed-use development that will enhance the heart of Coconut Grove, while ensuring homage to the area’s deep history and heritage. The financing was arranged by Lotus Capital Partners, led by Faisal Ashraf.

Located on 1.7 acres at 3101 Grand Avenue, at the intersection of Grand Avenue, Matilda Street and Florida Avenue, Ziggurat will introduce world-class office, residential, and retail offerings, that reflect the vibrant and unique character of Coconut Grove.

The development includes two towers: a five-story 100,000 square foot trophy office building which will set the high watermark for office space in Miami, and a three-story condominium building with 18 ultra-luxury residences, and approximately 45,000 square feet of retail space on the ground floor.

The rooftop of the office structure will house a restaurant and lounge by a local Michelin-starred chef with spectacular views of Biscayne Bay.

Ziggurat also features pedestrian-friendly paseos leading to a central interior courtyard filled with lush landscaping and surrounded by best-in-class local bistros, boutiques and wellness-oriented retail.,

The residential component, exclusively represented by ONE Sotheby’s International Realty, features residences from 1,254 sq ft to over 5,000 sq ft. Prices ranging from $3.5 million to $15 million. Each residence overlooks the soon-to-be revitalized Kirk Munroe Park, set to undergo an $8 million renovation in partnership between Allen Morris Co. and the City of Miami.,

Groundbreaking is anticipated for December 2025, with completion expected for early-2028.

Designed by Oppenheim Architecture, the development will be a captivating addition to Coconut Grove’s landscape, blending the area's rich natural surroundings with modern architectural elements.

Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with The Allen Morris Company. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts.

The Espinosa family, a longstanding and highly regarded family in the Grove, who have owned and operated Grove Laundry & Cleaners on the site since 1961, will partner with The Allen Morris Company on the project.

“We designed Ziggurat to be a contextual extension of the Grove’s essence. With natural stone cladding and gardens wrapping every level of the building, we are seeking to build a landmark that respects the past while elevating the future of architecture in South Florida,” said W. A. Spencer Morris, President of Allen Morris Co. “Paired with a reimagined public greenspace and a lineup of extraordinary local culinary talent, this project reflects our deep commitment to place-marking at the highest level.”

“This project reflects our strategy of identifying high-quality real estate opportunities backed by experienced sponsors in markets with durable, long-term demand drivers,” said Jason Kollander, Partner & Head of Real Estate Credit at BDT & MSD. “Coconut Grove’s enduring appeal and development momentum make it an attractive submarket, and we’re pleased to support the Allen Morris Company in delivering a development that adds vibrancy and momentum to the neighborhood’s continued evolution.”

“BHI’s strategy is rooted in thoughtfully expanding into markets where we can help deliver highly distinguishable inventory that adds meaningful value”, said Adrian Rahimi, VP of Commercial Real Estate Financing at BHI. “We’re excited to continue to expand the bank’s South Florida presence by partnering with world-class sponsors and highly sophisticated and experienced lenders.”

“Ziggurat sets a new standard for luxury living in Coconut Grove,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “The appeal and interest in this project, not unexpectedly, has been on a global scale.”

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