Mixed-Use Tower Development

The site sits one block from Biscayne Bay with unobstructed northeast water views from floor twelve up. The architectural team — an internationally recognized studio — has delivered three completed towers in Miami over the past decade.

Pre-sales are at 41% of total units with $94M of contract deposits in escrow. The remaining unit mix is weighted toward two- and three-bedroom layouts where current absorption is strongest. Average gross price is $1,180 PSF, with comparable closings in the submarket trading between $1,290 and $1,420 PSF.

The preferred equity tranche prices at a 12% current pay with a 22% IRR cap and a four-year final maturity. Sponsor and senior debt are committed; this raise closes out the equity stack.