Oak Row Equities and LNDMRK Development Lock Down $210.5 Million In Financing and Break Ground on 2900 Terrace in Miami's Edgewater Neighborhood

Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $3.9 billion of development in South Florida led by Erik Rutter and David Weitz, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions led by Alex Karakhanian, have broken ground on 2900 Terrace, a premier luxury multifamily tower in Miami’s vibrant Edgewater submarket. This milestone follows the successful closing of $210.5 million in construction financing this summer, including a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan provided by Canyon Partners Real Estate.

2900 Terrace has been meticulously designed by the preeminent architecture firm Arquitectonica to appeal to Miami’s most selective tenants. Its coveted location within the urban core is on one of the last undeveloped parcels east of Biscayne Boulevard. The building will feature protected Biscayne Bay views, an abundance of natural light, spectacular finishes, and exceptional private and shared outdoor spaces. Completion is anticipated by Q4 2027.

“2900 Terrace will up the caliber of multifamily product in Miami by orders of magnitude. We are thrilled to break ground and service a true market gap for oversized, condo-quality rentals that are purpose-built for discerning tenants,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities. “Commencing construction on 2900 Terrace is a significant milestone for our growing portfolio and we are eager to deliver an unparalleled rental experience to the city.”

Spacious one, two, and three-bedroom residences (324 in total) are crafted for design-conscious renters. Many offer large wraparound terraces and home offices. Interior finishes feature calming color schemes and opulent materials that evoke a sense of permanence rarely seen in multifamily towers. Residents will also benefit from concierge services and and abundance of convenient amenities.

The tower’s extensive amenity program spans two levels, with wellness as a guiding principle. Indoor amenities include a state-of-the-art fitness center, yoga studio, co-working spaces with podcast and content creator studios, card room, resident lounge, treatment rooms, sauna, golf simulator, theater, and a children’s playroom.

There is a south-facing landscaped deck which offers endless opportunities for entertaining and recreation. Outdoor amenities feature a stunning swimming pool, cold plunge, poolside cabanas and lounge seating, BBQ grills and picnic seating, a hot tub, summer kitchen, two padel courts, a children’s playground, and a co-working terrace.

Arquitectonica’s exterior design masterfully juxtaposes warm bronze-like accents with off-white tones throughout the exterior facade. Inventive material use brings a nuanced and textured effect to the lower portions of the facade, while perforated corrugated metal, reflective glass, and charcoal window frames and mullions create visual interest throughout.

Located on 1.5 acres, 2900 Terrace will feature a carefully-considered ground floor experience with sprawling landscaped areas set back more than ten feet from the street, offering a plethora of places to gather. Residents will arrive via a covered loggia, and the property will provide over 500 parking spots, including EV charging stations.

Edgewater offers an abundance of lifestyle amenities, including the lush eight-acre Margaret Pace Park, chic dining, and retail options. 29th Street has convenient pedestrian access to Wynwood and is just one block from a new Whole Foods and a future Brightline rail station. Wynwood, Midtown, and the Design District are just moments away. Miami International Airport, I-95, Miami Beach, and Brickell are all easily accessible from this prime location.

Oak Row Equities has rapidly ascended as a preeminent development firm in the South Florida real estate industry. Wynwood Plaza, home to Amazon’s South Florida headquarters and luxury rentals celebrated its grand opening last week. The firm is currently under contract on the largest single land acquisition in South Florida for a 4.25-acre waterfront property in Brickell for $520 million. World-caliber tenants in the portfolio include Amazon, Spotify, Equinox, Coastal Construction, and Ferraro Law, among many others.

Newgard Group and Two Roads Secure $513 Million in Construction Financing for One Brickell Riverfront in Miami

Newgard Group and Two Roads Development closed on $513 million in construction financing for their One Brickell Riverfront project in Miami’s financial district, making it one of the largest residential construction loans in the South Florida market this year. The development includes LOFTY Brickell and The Standard Residences, Brickell condominium towers where construction is months ahead of schedule on the Miami River.

An undisclosed private lender provided $370 million in senior financing while 3650 Capital originated a $143 million mezzanine loan.

Located at 99 SW Seventh St. next to Brickell City Centre, the master-planned development features two high-rise condominium towers rising from a shared podium. LOFTY Brickell is a 44-story tower with 362 residences, while The Standard Residences, Brickell will stand 46 stories and include 422 residences.

Construction is more than halfway complete, with both towers expected to deliver months ahead of their targeted August 2027 completion. G.T. McDonald is the project’s general contractor.

“This financing reinforces the market’s confidence in the strength of our vision for One Brickell Riverfront,” said Harvey Hernandez, CEO of Newgard Group. “Together with Two Roads, we are creating a destination that combines world-class design, unmatched amenities, and the flexibility today’s buyers demand.”

Hernandez continued: “3650 Capital has been instrumental to the success of this extraordinary project, having supported us since the initial acquisition of the property. We are thrilled to continue to grow our relationship with the firm, who has helped finance several of our new condominium developments in the past.”

“Brickell is one of the most dynamic urban neighborhoods in the country, and this project reflects our shared commitment to delivering best-in-class residential experiences,” said Taylor Collins, Managing Partner of Two Roads Development. “Securing this loan is another important milestone as we move quickly toward topping off early next year.”

Newgard and Two Roads formed a strategic partnership in November 2024 to transform one of Brickell’s last undeveloped riverfront sites into a vibrant, integrated community.

“One Brickell Riverfront is poised to bring highly desirable luxury condominiums with two distinct concepts to Miami’s financial district,” said Jonathan Roth, Co-Founder and Managing Partner of 3650 Capital. “The successful closing of this transaction speaks to 3650’s local market expertise, special servicing function and ability to help our borrowers from site assemblage through construction and sellout—core tenets of our capabilities that enable us to generate strong investor returns. The sponsors have robust track records of developing high-end residential projects, and we’re pleased to have helped them navigate the complexities of the project, which we believe is situated in one of the most attractive locations in all of Florida.”

Designed by Arquitectonica, LOFTY Brickell features studios and one- and two-bedroom residences and penthouses furnished by INC. Its 40,000 square feet of amenities include a private marina, resort-style pool deck, fitness center, spa, cigar lounge and co-working spaces. The highly acclaimed New York City-based restaurant AVRA Estiatorio will open a location on LOFTY’s ground floor, providing owners and guests with an elevated Coastal Greek dining experience with waterfront views.

A limited number of penthouse residences remain available for sale with prices ranging from $2.4 to $3.5 million. The building has proven to be very attractive to individuals seeking a 5-star lifestyle in Miami’s urban core. Another strong attraction is LOFTY’s flexible ownership model allowing owners the ability to rent out their units on their own terms.

The Standard Residences, Brickell, designed by Arquitectonica with interiors by GOOD.RICH, offers 422 homes including studios, one-bedrooms and two-bedrooms. Prices start in the mid $600s.

Multi-level amenities include a rooftop pool with beverage and towel service, The Standard Club Lounge and Café, co-working spaces, and a 10th-floor spa with Hammam, saunas and a cold plunge. Additional offerings include a fitness center, bowling alley and lounge, pet spa and screening room, along with signature dining on the ninth floor and a riverfront restaurant at street level. Sales are being led by ONE Sotheby’s International Realty.

For more information about LOFTY Brickell / The Standard Residences, Brickell or to inquire about purchasing a unit please fill out the form below:

Mast Capital & AEW Sell 342-unit Apartment Building in Miami River District

Mast Capital and AEW Capital Management have completed the sale of Remi on the River, a 342-unit luxury apartment community along the Miami River, to Valeris Capital. CBRE’s Robert Given, Troy Ballard, and Michael Mulkern advised on the sale. The transaction highlights continued investor demand for well-located multifamily assets in Miami’s growing urban core.

Delivered in 2024, Remi on the River is located at 999 NW 7th Street, minutes from Brickell, Downtown Miami, and the Miami Health District. The waterfront property spans more than 400 feet of river frontage and offers a mix of studios, one-, two- and three-bedroom units ranging from 465 to 1,334 square feet.

Residences feature European-style kitchens with stainless-steel appliances, select units with built-in wine refrigerators, and expansive views of the river and city skyline. Amenities include a resort-style pool, aqua lounge, fitness center, coworking lounge, clubroom, and access-controlled parking. The project was designed by Corwil Architects.

“The sale of Remi on the River underscores the property’s exceptional lease-up performance, the quality of its design and amenities, and the growing appeal of the Miami River District as a premier destination for waterfront living,” said Camilo Miguel Jr., CEO and Founder of Mast Capital.

The Miami River has emerged as one of the city’s most dynamic residential and mixed-use submarkets. Stretching 5.5 miles through the city, the river corridor is home to commercial cargo operations, boating activity, and a growing number of lifestyle and residential developments.

Remi on the River’s location places residents within reach of Miami’s cultural institutions, including the History Miami Museum, Miami Children’s Museum, and Museum of Graffiti, as well as nearby retail and dining in Brickell, Wynwood, Midtown, and Miami Beach.

For Mast Capital, the deal reflects the firm’s broader strategy of investing in transformative projects across Miami. “This project reflects our commitment to investing in the continued revitalization of this vibrant neighborhood,” Miguel added.

Berkadia Secures $57M Bridge Loan for Midtown Capital Partners’ Lake Worth Apartment Project

Berkadia has arranged a $57 million bridge loan to refinance the construction debt on Astor Sound at Lake Worth, a new 230-unit multifamily community in Palm Beach County that is nearing completion.

The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, along with Vice President Patrick Johnson. The loan was secured on behalf of the sponsor, Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer with a portfolio spanning the U.S. and Spain. Infinity Collective originated the two-year loan, which includes an option for a six-month extension. The transaction closed on September 19.

Located at 2201 Tenth Avenue North, Astor Sound is designed as a garden-style community with four residential buildings ranging from two to five stories, along with a clubhouse on a 6.5-acre site. The property offers one-, two-, and three-bedroom floor plans sized between 715 and 1,160 square feet. Units feature chef-inspired kitchens with center islands, quartz countertops, luxury flooring, front-loading smart washers and dryers, and oversized walk-in closets.

Community amenities include a resort-style pool with pavilion and summer kitchen, fitness center, co-working lounge, coffee bar, game room, conference room, dog park and spa, and outdoor trails. The development is located minutes from downtown Lake Worth, with convenient access to I-95, Palm Beach State College, HCA Florida JFK Medical Center, and Palm Beach International Airport.

Founded in 2010, Midtown Capital Partners is an SEC-registered, vertically integrated real estate firm with offices in Miami, West Palm Beach, and Madrid. The company oversees more than $1 billion in assets across 22 investment vehicles, representing over 200 investors.

The Berkeley Palm Beach Locks Down $62.5 Million Pre-Construction Loan

The Berkeley Palm Beach has closed on a $62.5 million pre-construction loan with New York-based JVP Management, marking a significant milestone for the 25-story, 193-residence development rising on Clear Lake in downtown West Palm Beach.

“This milestone is more than financing; it is validation of West Palm Beach’s extraordinary trajectory,” said Al Adelson, Developer of The Berkeley Palm Beach and The Bristol. “The Bristol set the standard for high-rise living here in 2019, proving that Palm Beach buyers were ready for world-class, high-rise living. The Berkeley builds upon that legacy, bringing refined design, expansive amenity offerings, and a lifestyle that reflects the city’s transformation into a global destination.”

The loan reflects continued confidence in West Palm Beach, one of the nation’s fastest-growing hubs for luxury real estate, health care, dining, and corporate investment. The city has attracted leading institutions such as the Cleveland Clinic and Vanderbilt’s “Graduate Education Campus,” alongside a wave of new fine-dining concepts and Fortune 500 companies establishing headquarters and satellite offices, reinforcing its position as a dynamic center for both lifestyle and business growth.

“We are proud to partner with The Berkeley Palm Beach, a project that reflects both the strength of this market and the caliber of its development team,” said Anthony Shaskus, Head of Credit Strategies at JVP Management. “Our financing, which underscores our confidence in both the execution of this development and the sustained demand for best-in-class residences in West Palm Beach, will support the project through its predevelopment phase, and we hope to provide the construction financing in 2026.”

Designed by Arquitectonica, led by Bernardo Fort-Brescia, The Berkeley Palm Beach embodies a balance of timeless elegance and contemporary sophistication. The tower features 193 residences, including four penthouses, ranging from two to five bedrooms, with flow-through layouts, soaring 9- to 11-foot ceilings, and expansive east- and west-facing terraces that capture both sunrise and sunset views. Residences are appointed with natural stone finishes, Snaidero kitchens, and floor-to-ceiling glass, seamlessly blending indoor and outdoor living.

“The Berkeley represents the next evolution of West Palm Beach living,” said Bob Ernst, Partner and Development Director, of The Berkeley Palm Beach. “With financing secured and the site prepared for construction, we are delivering a residential experience that reflects the sophistication of today’s Palm Beach buyer, from design pedigree to expansive ownership opportunities, all just steps from the cultural, dining, and business momentum that is redefining downtown and beyond.”

Amenities span multiple levels, thoughtfully curated for every lifestyle. At the ground floor, residents will have access to concierge services, a library, a co-working lounge, and pet-friendly amenities. The seventh-floor amenity deck introduces a resort-style pool with cabanas, spa treatment rooms, wellness and fitness facilities, a golf stimulator, and landscaped lawns for yoga and events. At the rooftop, there is a swimming pool and jacuzzi, a sky lounge and bar, private dining with a chef’s kitchen, and expansive entertaining terraces with panoramic views of Palm Beach and beyond. In addition, The Berkeley is equipped with a full-building emergency standby generator ensuring safety and comfort during potential weather-related disruptions. Residents will also benefit from UPLIN Health’s In-Home Concierge Health Services, providing personalized wellness and medical care in the privacy of their residences.

Renderings via Gladstone

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

Continuum Company Locks Down $67 Million Construction Loan For La Baia North, Bay Harbor Islands

Continuum Company has secured a $67 million construction loan from S3 Capital to advance La Baia North, its second boutique bayfront condominium in Bay Harbor Islands. The eight-story project at 9481 E Bay Harbor Drive will feature 57 residences, is already 75% pre-sold, and is scheduled for delivery beginning of 2027.

The milestone underscores the vision of Ian Bruce Eichner, the acclaimed New York developer behind Continuum South Beach, Continuum Club & Residences, and the recently acquired Palm Tree Club site in North Bay Village.

With La Baia South, its sister project, fully sold and expected to receive its Temporary Certificate of Occupancy in Q4 2025, La Baia North continues Eichner’s mission to deliver transformative waterfront projects that redefine luxury living in South Florida.

In line with Continuum’s hospitality-first approach, buyers receive lifestyle-driven services including a private yacht club membership,exclusive access to Dorsia app, and Boucher Brothers beach parnership, as soon as contract signing.

The development is strategically located near popular attractions such as Bal Harbour Shops and Miami's beaches. Each unit offers expansive layouts with terraces, catering to both luxury and convenience. The interiors, curated by Durukan Design, will feature European wide-plank wood flooring, custom kitchens with Miele appliances, and high-end finishes throughout.

La Baia North also boasts over 20,000 square feet of amenities, including a rooftop deck with a splash pad, a fitness center, heated spas, and a sunset lounge with a fire pit. Additional amenities include kids' play areas, a rooftop grill station, and water sports facilities. Additional amenities at La Baia North include: dock-side pick-up and drop-off area; residents’ Tesla program; water sports launch dock with kayaks, inflatables, and paddleboards; and more. Residents will also have access to a 24/7 concierge, valet services, and a full-time property manager for added convenience.

Renderings and photos via Continuum Company

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

SB Development Group and Hazelton Capital Group Secure $170 Million in Financing for Cove Miami

New York-based SB Development Group and Hazelton Capital Group have secured $170 million in construction and land financing for the development of Cove Miami, a 40-story luxury condominium in Miami’s tranquil Edgewater district. The loan comes from Bravo Property Trust, the bridge and construction lending platform and affiliate of Bravo Capital.

“Securing this financing marks another significant milestone in Cove Miami’s development saga. With Bravo’s financial support, we are excited to continue developing this truly one-of-a-kind luxury development,” said Joseph Stern, Co-Founder and Principal at SB Development Group. “Edgewater is one of Miami’s most understated yet dynamic neighborhoods, and we are confident that Cove Miami will continue to raise the area’s reputation as Miami’s next luxury market.”

Since its founding in 2021, Bravo Property Trust has originated over $1.8 billion in financing, establishing itself as a reliable lender for large scale residential and mixed-use projects. Given their impressive track record and belief that the Edgewater market will soon make waves, Bravo Property Trust is eager to enter into this new relationship with SB Development and Hazelton.

“We’re always chasing quality, and we often find that quality comes in larger checks with sponsors who are ambitious and experienced,” said Aaron Krawitz, founder and CEO of Bravo Capital. “SB Development and Hazelton’s vision for Cove Miami perfectly reflects that drive; they are bringing a top-tier luxury product to Edgewater at a time when supply in the $1 million to $2 million range is limited and demand from buyers seeking well-located, high-end residences continues to grow. It’s a standout opportunity in one of Miami’s most dynamic neighborhoods.”

Located on the stunning shores of the Biscayne Bay, Cove Miami offers a chic yet serene living experience through a limited collection of 134 luxury residences. Architecturally designed by world-renowned firms Kobi Karp and Dieguez Fridman, the development will feature one- to- four-bedroom residences that boast floor-to-ceiling windows, expansive wrap-around terraces, and carefully curated natural elements, allowing residents to deeply connect with their serene surroundings. Cove Miami’s suite of high-quality amenities include a sun-kissed infinity pool with private cabanas, a Tranquility Spa with a cold plunge, massage rooms, a traditional hammam, and a sauna, a state-of-the-art fitness center, indoor and outdoor yoga areas, a rooftop lounge with an outdoor kitchen and panoramic views of Biscayne Bay, a private dining room with chef’s kitchen, a Grand Theater, a game and billiards room, a library and wine room, a pet spa, and dock access for water sports. Additionally, residents also have access to both shared co-working spaces and private office suites, as well as an on-site waterfront restaurant. Exclusive resident services, including on-demand LEAA Healthcare and Zipcar car-sharing, further enhance convenience, creating a luxurious and fully curated lifestyle.

“We couldn’t be more excited to deliver Cove Miami to the Edgewater community,” said Adam Westreich, Principal at Hazelton Capital Group. “Our vision is to create a residential experience that feels both elevated and authentic to the neighborhood, and we are confident Cove Miami fits the bill perfectly. This development will be more than just another luxury development, it will become the pride of Edgewater.”

OneWorld Properties will be the exclusive sales team of Cove Miami.

Renderings via CRAFT and DARKROOM

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

Terra Secures $285 Million Construction Loan And Announces Groundbreaking For Mr. C Hotel & Residences West Palm Beach

Terra, a prominent real estate development company in Miami’s Coconut Grove, and Sympatico Real Estate, a Palm Beach-based firm owned by the Morrison family, announced today the closing of a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach. The financing, provided by TYKO Capital, represents a pivotal milestone as the project, which just broke ground, commences construction at 70% sold. Aztec Group represented the borrowers in the construction loan deal. Douglas Elliman and Douglas Elliman Development Marketing exclusively handle sales and marketing for the building.

“Our lender recognizes the prime opportunity in West Palm Beach and the potential for continued growth in demand,” said David Martin, CEO of Terra. “Breaking ground on Mr. C Hotel & Residences marks a new era of quality and convenience in downtown. With walkable access to excellent retail and dining, the property offers a turnkey lifestyle defined by curated design, elevated service, and effortless sophistication that no other project in West Palm Beach has. We look forward to completing this project next year.”

Once complete, Mr. C Hotel & Residences West Palm Beach will feature 110 hotel suites, 146 expansive branded residences, and a highly personalized lifestyle through elevated services tailored to residents’ individual needs. Designed by the renowned architecture firm Arquitectonica and the award-winning design studio Meyer Davis, the homes are a modern interpretation of classic European living. Interiors feel both relaxed and refined, drawing inspiration from the iconic glamour of the Italian Riviera in the 1950s, as well as the local sailing culture and the vibrant energy of West Palm Beach. Thoughtful layouts create a sense of openness; the units’ expansive windows frame sweeping views of the Intracoastal Waterway and city skyline. Each home boasts refined finishes, premium materials, and subtle design elements that reflect a sense of ease and intentionality. Select residences feature spacious corner exposures and generous outdoor terraces.

“We’re excited to watch this project come to fruition alongside our partners at Terra. The financing and groundbreaking brings us one step closer to delivering Mr. C’s unmatched residential lifestyle in downtown West Palm Beach,” said Tommy Morrison, President at Sympatico Real Estate.

Amenities at Mr. C Hotel & Residences West Palm Beach bring Mr C’s signature hospitality into every corner of the building. Residents will enjoy a garden-level lap pool with private cabanas, a poolside bar and lounge area, a fully equipped fitness center with dedicated rooms for yoga, pilates, and Peloton workouts, and a signature spa with steam and sauna rooms. Additional features include a library, business lounge, Little C’s Outdoor Playground, high-speed private elevators, curated art installations throughout shared spaces, and access to the custom Mr. C Hotel & Residences app for streamlined communication and service requests. A private members' lounge offers an intimate setting for relaxing or gathering with neighbors, further enhancing the sense of community and exclusivity that defines the Mr. C lifestyle.

“As a brokerage that specializes in representing the region’s most compelling properties, we are proud to be aligned with a project as thoughtfully executed as Mr. C Hotel & Residences West Palm Beach,” said Jay Parker, CEO of Douglas Elliman Florida. “From its elevated aesthetic to its connection with a globally respected brand, this development offers something truly distinct in today’s market. The combination of design, service, and location has already resonated strongly with buyers, and we expect that momentum to continue as construction progresses.”

Mr. C Hotel & Residences West Palm Beach offers a highly personalized lifestyle through an array of elevated services tailored to residents’ individual needs. A professional hospitality team is available to coordinate everything from housekeeping, pet care, and appointment scheduling to in-home dining, package handling, and travel support. Upon arrival, residents are welcomed through a private porte-cochère with round-the-clock valet and front desk assistance. A wellness-focused concierge arranges services such as personal training, spa treatments, nutrition guidance, and beauty appointments. For social gatherings, residents can access event planning support and food and beverage coordination.

Mr. C Hotel & Residences was founded by Ignazio and Maggio Cipriani, the fourth generation of the Cipriani family, known for shaping some of the most iconic hospitality experiences in the world. Since launching the first Mr. C Hotel in Beverly Hills in 2011, the brand has expanded to New York, Miami, and Dubai, each property offering a modern take on classic European elegance. Mr. C Hotel & Residences West Palm Beach is the latest iteration of that evolution, representing the brand’s newest residential address and its first in Palm Beach County.

“Every Mr. C property is an expression of our way of life, with warmth, attention to detail, and a relaxed sense of sophistication,” said Ignazio Cipriani, Co-Owner of Mr. C Hotels. “Bringing that sensibility to West Palm Beach is something we are truly proud of. This project reflects the way our family approaches hospitality, where design, service, and atmosphere come together with intention. The hotel and residences will offer a lifestyle that is elevated yet comfortable, grounded in tradition and built for how people live today.”

Renderings via Binyan Studio

For more information about Mr. C Hotel & Residences Coconut Grove or to inquire about purchasing a unit please fill out the form below:

MG Developer Locks Down $41 Million Construction Loan For The George Residences, The Final Development in Coral Gables' Biltmore Square

MG Developer has secured a $41 million construction loan from Pine Bay Capital to bring The George, its final and most prestigious project in Biltmore Square, to life. Located at 717 Valencia Avenue, this exclusive collection of 13 ultra-luxury townhomes represents the culmination of MG Developer’s transformative vision for Coral Gables. Residences at The George start at $5.9 million with completion expected in Q2 2027.

“This financing milestone reaffirms our belief in the timeless vision behind The George,” said Alirio Torrealba, CEO of MG Developer. “We’re proud to have Pine Bay Capital's support and excited to move forward with what will be one of the most exclusive residential offerings in Coral Gables. With world-renowned broker Ryan Serhant and his team leading sales, interiors by Nina Takesh, and architecture by De la Guardia Victoria Architects & Urbanists, we've assembled a best-in-class team that reflects a continued love and contribution to the legacy of Coral Gables and its founder.”

The George stands as a tribute to the city’s founder, George Merrick, and reflects MG Developer’s deep-rooted commitment to honoring Coral Gables’ architectural and cultural legacy. Designed by acclaimed architect Maria de la Guardia, with interiors by Nina Takesh, the project will deliver elevated design and a lifestyle of distinction.

Over the past decade, MG Developer has completed some of Coral Gables’ most iconic developments, including the award-winning Biltmore Row, Beatrice Row, Biltmore Parc, and most recently, The Village at Coral Gables, blending Mediterranean-inspired architecture with modern luxury. The George will extend that legacy with generous floor plans, curated finishes, and an exceptional location within walking distance to Downtown Coral Gables.

Sales and marketing for The George are led exclusively by Ryan Serhant SERHANT. New Development, reinforcing the project’s national reach and prestige.

“This is one of the most architecturally significant and emotionally compelling projects our team has encountered,” said Ryan Serhant, CEO of SERHANT. “The George is the final jewel in the Biltmore Square legacy, and we are honored to represent it. It’s a rare opportunity to own a piece of Coral Gables luxury that elegantly defines its future.”

Each residence spans over 5,000 square feet, featuring solid mahogany doors and windows, Italian millwork, marble countertops, and top-tier appliances from Subzero, Wolf, and Waterworks. Interior highlights include ceiling heights up to 12 feet, a sculptural staircase with skylight, elevators, and custom automation packages for lighting, music, and security. Upon completion, total sales from the project are expected to reach approximately $90 million.

Outdoor spaces include private courtyards, loggias, and summer kitchens, designed for seamless indoor-outdoor entertaining. All homes come with 4-car garages, EV chargers, and generator-ready systems, a rare blend of traditional craftsmanship and modern functionality.

Related Group and Merrimac Ventures Secure $160 Million Construction Loan For Waldorf Astoria Residences Pompano Beach As Sales Pass 70%

Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences). Marking Waldorf Astoria’s first-ever standalone residential development, the property is already elevating the standard for luxury living in Broward County, with only select residences remaining.

“The Residences combine the legendary service and sophistication of the Waldorf Astoria resort properties with the comfort and security of private ownership. It’s a no-compromise lifestyle that immerses residents and caters to their every wish,” said Nick Pérez, President of Related’s Condominium Division. “We’re proud to work alongside our development and financial partners to help propel Pompano Beach as the region’s next premier luxury destination. It is properties such as this one that will help the city reach its full potential.”

Set on two acres of coveted oceanfront, The Residences will offer 92 exclusive condominium homes and an exceptional suite of resort-style amenities and personalized services managed directly by Waldorf Astoria. With world-class design led by Nichols Architects in collaboration with KORA, BAMO, and Enea Landscape, the development positions Pompano Beach as a rising star among luxury destinations.

“This financing marks a pivotal milestone for The Residences and the vision we’ve long held for this iconic oceanfront site,” said Dev Motwani, CEO of Merrimac Ventures. “This property location, design and unmatched lifestyle offerings have resonated with buyers, quickly propelling us past 70 percent sold in a remarkably short timeframe.”

The 28-story tower comprises homes ranging from two to five bedrooms, spanning 2,100 to 6,100 square feet. Each residence boasts private elevator access, floor-to-ceiling windows and oversized balconies with panoramic Atlantic Ocean and Intracoastal Waterway views. The 20,000-square-foot oceanfront pool deck perfectly captures the essence of the property’s seaside experience, enhanced by a private spa, an outdoor bar and dining lounge, and summer kitchens. Residents can also enjoy exclusive access to 200 linear feet of pristine beachfront as well as a private marina with nearly two dozen boat slips.

Beyond its stunning outdoor spaces, The Residences offers more than 15,000 square feet of curated indoor amenities and an extensive list of resident services. Wellness-driven offerings include a state-of-the-art fitness center and a dedicated movement studio, as well as an on-site spa with private treatment rooms and his-and-hers sauna and steam rooms. Residents can also enjoy a variety of entertainment and leisure amenities, such as a ground-floor dining concept, a billiards lounge, a children’s entertainment center and a multi-sport simulator. Additionally, the property will showcase an array of museum-quality artwork from the renowned Jorge M. Pérez Contemporary Art Collection.

True to the Waldorf Astoria tradition of exceptional hospitality, the property’s signature 24/7 resident services include in-residence dining, a personalized concierge, and dedicated beach and poolside service.

“Bank OZK is excited to expand upon our strong relationships with both Related Group and Merrimac Ventures, along with the sponsorship of an industry leader like Hilton, for this extraordinary development,” said Greg Newman, Senior Managing Director of Originations at Bank OZK. “We look forward to seeing how this landmark project enhances Pompano Beach’s coastal legacy and growing prestige.”

For those seeking the pinnacle of coastal luxury, The Residences offers four exquisitely crafted penthouse residences ranging from $16 million to $20 million. Each of these sprawling homes features 70 linear feet of uninterrupted ocean views and wraparound terraces that showcase panoramic vistas of the ocean, Intracoastal Waterway and the dynamic Pompano Beach skyline. The two upper penthouses feature sweeping 3,200- to 3,500-square-foot rooftop terraces, complete with air-conditioned entertainment spaces, summer kitchens and private pools.

Only select homes remain available at Waldorf Astoria Residences Pompano Beach.

Renderings via The Boundary

For more information about Waldorf Astoria Residences Pompano Beach or to inquire about purchasing a unit please fill out the form below: