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Developers are breaking ground on Nexo Residences in North Miami Beach

Fortune International Group broke ground on 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 furnished units with interiors by Urban Robot Associates, which has previously made its mark on Miami’s Standard Residences and the Gucci flagship store in the Design District.

The 15-story building is scheduled for completion in 2026 and will include 254 residences in total, with layouts ranging from studios to four-bedroom townhomes and prices starting in the mid-$600s. Amenities include a lounge and coffee shop in the lobby, a pool deck, jacuzzi, an outdoor movie theater and a rooftop observatory.

The groundbreaking was attended by Fortune International Group President Edgardo Defortona, Blue Road CEO Jorge Savloff, and Urban Robot Creative Director Giancarlo Pietri, as well as North Miami Beach Commissioners Daniella Jean and Phyllis Smith.

“This area has tremendous appeal for both short-term visitors and long-term residents, due to its strategic proximity to popular South Florida attractions,” Savlov said in a statement. He positioned North Miami Beach as a family-friendly alternative to Miami’s larger tourist hotspots, “to ensure a comprehensive and enriching experience for all.”

New developments

Naftali Group unveils Jem Private Residences in Miami

New York developer Naftali Group has announced formal plans to build a 67-story mixed-use tower at the Miami Worldcenter complex just north of downtown. Jem Private Residences, designed by Arquitectonica, will include 550 rental units and 259 residential units, ranging from 469-square-foot studios to 2,052-square-foot four-bedrooms. There will also be 10 penthouse apartments at the top of the tower, some with outdoor hot tubs.

Naftali Collection’s first foray into Miami, Jem draws inspiration from the ocean landscape, according to the release, with a wave-like design and wraparound balconies. Prices start at $540,000, and buyers will enjoy interiors designed by Rockwell Group in New York, including Calacatta counters and Miele appliances in the kitchen, and polished dolomite countertops and mosaic floor tile showers in the bathrooms. Apartment amenities include a spirits tasting room, a Sky Lounge with a fireplace, a 60-foot pool, an outdoor fitness area with a boxing ring, a yoga patio, and a cold plunge pool.

Spanning several blocks of Park West, Miami World Center will be one of the largest private urban real estate projects in the United States. The Jem site is across the street from One Thousand and Ten Museum Park, and just east of two additional towers planned by Abbhi Capital.

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