Developers break ground on North Miami Beach’s Nexo Residences
Fortune International Group broke ground on its Carlos Ott-designed Nexo Residences last week in North Miami Beach. The development, a partnership with Blue Road, will offer full home-sharing capabilities, with units furnished with interiors by Urban Robot Associates, which previously left its mark on Miami’s Standard Residences and Gucci’s flagship store in the Design District.
Slated for completion in 2026, the 15-story building will include 254 residences in all, with layouts ranging from studios to four-bedroom townhomes and prices starting in the mid-$600s. Amenities include a lounge and café in the lobby, a pool deck and jacuzzi, an outdoor movie theater, and a rooftop observatory.
In attendance at the ground breaking were Fortune International Group president Edgardo Defortuna, Blue Road CEO Jorge Savloff and Urban Robot creative director Giancarlo Pietri, as well as North Miami Beach Commissioners Daniela Jean and Phyllis Smith.
“This area holds tremendous appeal for both short-term visitors and long-term residents, due to its strategic proximity to renowned South Florida attractions,” Savloff said in a statement. He positioned North Miami Beach as a family-friendly alternative to Miami’s bigger tourist meccas, “ensuring a well-rounded and enriching experience for all.”
Naftali Group unveils Jem Private Residences in Miami
New York developer Naftali Group has announced official plans for a 67-story mixed-use tower in the Miami Worldcenter complex just north of downtown. Designed by Arquitectonica, the Jem Private Residences will include 550 rental units and 259 residences, which range from 469-square-foot studios to 2,052-square-foot four-bedrooms. There will also be 10 penthouses at the crown of the tower, some with outdoor hot tubs.
Naftali Group’s first foray into Miami, Jem draws inspiration from the ocean landscape, according to the release, with a wave-like design and wraparound terraces. Prices begin at $540,000, and buyers will enjoy interiors designed by New York’s Rockwell Group, including Calacatta counters and Miele appliances in the kitchen, and honed dolomite countertops and mosaic-floor-tile showers in the bathrooms. Condo amenities include a spirits-tasting room, a Sky Lounge with fireplace, a 60-foot swimming pool, and an outdoor fitness area with a boxing arena, a yoga patio, and a cold plunge pool.
Spanning several blocks in Park West, Miami Worldcenter will be one of the largest private urban real estate developments in the US. The Jem will be situated across the street from the One Thousand Museum and Ten Museum Park, and just east of two additional towers planned by Abbhi Capital.
New York’s legendary Flatiron Building is going residential