Fortune International Group and Blue Road broke ground on Nexo Residences, a condominium development in North Miami Beach. Since the launch of sales in 2022, 70% of the units have sold.
Located at 13899 Biscayne Blvd., the 15-story development will feature 254 fully-furnished residences ranging in size from 531 to 2,190 square feet.
The project’s backers encouraged residents to utilize their units at their own discretion, meaning they’re allowed to rent their units out when they’re not using them. Additionally, Nexo Residences has an EB-5 designation, meaning international buyers who invest a minimum of $800,000 in the development can become eligible for a permanent resident card, also known as a green card.
“This area holds tremendous appeal for both short-term visitors and long-term residents due to its strategic proximity to renowned South Florida attractions, such as Bal Harbour Shops, Aventura Mall, the beach and a multitude of upscale dining and entertainment destinations,” Blue Road CEO Jorge Savloff said in a press release.
On-site amenities will include a three-story arrival lobby and lounge, pool deck and jacuzzi, fitness center, yoga studio, rooftop observatory deck, children’s playground, outdoor movie theater and a multitude of multi-purpose and event spaces.
Sales and marketing are exclusively handled by Fortune Development Sales.