Development News
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Development News
Swire Properties, Inc. has officially launched sales of the North Tower of The Residences at Mandarin Oriental, Miami. Part of the unparalleled residential and hospitality destination that is The Residences at Mandarin Oriental, Miami, The Residences’ North Tower will feature 70 two- to four-bedroom Private Residences and what is destined to be Mandarin Oriental’s new North American flagship hotel.
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.
MG Developer, has announced the official groundbreaking and sales launch of The George Residences, its final and most prestigious development in the award-winning Biltmore Square community. Located at 717 Valencia Avenue, this limited collection of 13 ultra-luxury townhomes marks the culmination of MG Developer’s decade-long vision to redefine luxury living in Coral Gables.
Prosper Group partners with Belgium’s Versluys Group to develop a $650M ultra-luxury waterfront tower on the Miami River in Brickell, marking Versluys’ U.S. debut and reinforcing global demand for Miami’s luxury real estate.
Cipriani Residences Miami, the first-ever ground-up residential building by the world-renowned Cipriani brand in the Americas, has surpassed a major construction milestone underscoring not only its rapid vertical ascent but also its emergence as Miami’s definitive premier tower.
National developer PMG, Lion Development Group, and LNDMRK Development have broken ground on One West Twelve Residences (ONE W12), a luxurious residential building in the heart of Historic Overtown, which officially commenced on October 1.
Witkoff Group, in partnership with Ocean Terrace Holdings, a partnership between Alex Blavatnik and Sandor Scher, has officially launched sales for Ocean Terrace, a highly anticipated oceanfront mixed-use development in North Beach, Miami Beach.
Rosso Development, Midtown Development, and Proper Hospitality announce that the transformative $2 billion Midtown Park master plan—a multi-tower, two phase development introducing residences, offices, dining, retail, parks, and one of the most ambitious racquet and padel destinations in the U.S.—has officially received approval from the City of Miami’s Urban Development Review Board.
META Development has launched sales for Colette Residences, a new boutique luxury condominium in South Brickell. Designed by Brazilian architecture studio OSPA and sold exclusively by the Eklund | Gomes Team at Douglas Elliman, the five-story project features just 38 residences starting at $3.3 million, blending refined architecture, privacy, and a distinct sense of place.
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.
Constellation Group, a leading Miami-based real estate investment and development firm, announces the acquisition of a nearly 28,000-square-foot development site fronting U.S. 1/South Dixie Highway in Miami’s Coconut Grove neighborhood.
Witkoff Group and PPG Development announced that The Residences at Shell Bay, a new Auberge-branded condominium inside the private 150-acre, Mediterranean-inspired Miami enclave, has gone vertical, with the first few levels of the 20-story tower now complete.
The Standard Residences, Brickell has revealed new renderings highlight the building’s 32 penthouses, including eight upper penthouses with 10-foot ceilings and panoramic skyline and water views.
Monarch Athletic Club, the physician-led wellness destination redefining health and wellness, will open an 8,000-square-foot, state-of-the-art wellness facility at The RIVANI Miami Beach, real estate mogul Robert Rivani’s flagship Class X office building located at 1691 Michigan Avenue.
On Thursday, December 11, 2025, PROFILEmiami will host the 2nd Annual ‘Ultra-Luxury Real Estate & Spec Home Summit 2025,’ an exclusive evening dedicated to the booming world of South Florida’s most opulent residences.
Community, culture, and art are the heartbeats of Wynwood, where every wall tells a story and every mural shapes its identity. Inspired by this notion, developer Fisher Brothers have unveiled Calle Collective—Wynwood’s newest open-air gallery where local art takes center stage.
Grupo T&C, a leading international developer, has announced that Edge House Miami, a 56-story luxury home-sharing tower designed by Kobi Karp, has officially received approval from the City of Miami’s Urban Development Review Board.
The Allen Morris Company, one of the most renowned real estate firms in the Southeast U.S., celebrated the kick-off of the fall season with an intimate evening showcasing its latest luxury developments in Coral Gables – Ponce Park.
The new sales gallery for Cora Merrick Park – the first wellness-oriented residences in Coral Gables – is now officially open at 4200 Laguna Street in Coral Gables. On Tuesday, Sept. 30, developers Constellation Group and The Boschetti Group celebrated the grand opening of the gallery with Douglas Elliman Development Marketing.
On Thursday, September 18, 2025, PROFILEmiami hosted the Second Annual PROFILEmiami Pre-Construction Development Summit 2025 Presented by The Delmore Surfside at the stunning Luminaire Flagship showroom in Coral Gables.
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.
In today’s amenity arms race, a picturesque pool isn’t just a nice-to-have — it’s an expectation. As buyers crave outdoor spaces that let them refresh, escape and soak in the summer rays, pools have become a key differentiator for design-forward developments, and ELLE Residences Miami's new rooftop pool deck renderings illustrate how luxury living extends beyond interiors.
On Thursday September 18, 2025, real estate media powerhouse PROFILEmiami will host the Second Annual PROFILEmiami Pre-Construction Development Summit Presented by The Delmore Surfside at the lavish Luminaire flagship showroom in Coral Gables.
On Thursday September 18, 2025, real estate media powerhouse PROFILEmiami will host the Second Annual PROFILEmiami Pre-Construction Development Summit Presented by The Delmore Surfside at the lavish Luminaire flagship showroom in Coral Gables.
Ponce Park Coral Gables has revealed its latest amenities, offering a first look at the spaces that will define a lifestyle of wellness, leisure, and refined living. The state-of-the-art fitness center, located on the mezzanine level, is fully equipped with the latest technology and opens directly onto a serene courtyard meditation garden.
The Delmore, the ultra-luxury oceanfront condominium designed by Zaha Hadid Architects (ZHA) in the Town of Surfside, has announced a partnership with Washington, D.C.-based Active Security Consulting LLC to implement a next-generation security program, further distinguishing the project as a one-of-a-kind offering in Miami’s high-net-worth residential market.
Pier Sixty-Six Residences, the signature residential landmark within Tavistock Development Company’s multi-billion-dollar reimagining of the legendary Pier Sixty-Six, has achieved several major milestones including a $14.5 million penthouse sale. The Indigo Penthouse sale represents a record-breaking sale as the highest-priced transaction for a new development condominium in Broward County.
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.
North Development has officially broken ground on Domus Brickell Center, the next phase of the successful Domus FLATS model. Rising 35-stories, this development will introduce 579 fully-furnished residences that combine modern living with hotel-level services and the flexibility of short-term rentals.
PROFILEmiami Founder Demetri Demascus and former auto-industry executive Christian Iacovelli have joined forces to launch Tower Capital Partners, a private equity firm that invests with real estate developers with a proven track record of delivery high-quality real estate development projects and offers individual accredited investors access to private, institutional level deals typically reserved for family offices.
