Developers Terra and One Thousand Group secured a $285 million construction loan for Villa Miami, a 56-story, luxury condominium tower going up in East Edgewater.
The 70-residence project is the first to be branded by the Major Food Group fine-dining company. Work began in December and is slated to wrap up in 2027.
Financing was provided by TYKO Capital and arranged by Walker & Dunlop’s Keith Kurland and Jordan Casella.
“As branded residences continue to grow, they are redefining luxury by integrating the expertise of food and hospitality leaders like Major Food Group,” One Thousand Group Co-Founder Kevin Venger said in a press release.“With its prime waterfront location, striking architecture and unparalleled amenities, Villa Miami sets a new benchmark for artistry, innovation and sophisticated living, cementing Miami’s status as a global design and lifestyle hub.”
Villa Miami’s residences will come in full- and half-floor layouts with 360-degree views of Biscayne Bay and the Miami skyline. Prices start at $5 million, and the units range from 3,000 to 6,000 square feet.
The tower will be crowned with a helipad. Courtesy of Terra and One Thousand Group.