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Riverside Revival: Miami’s New Development Wave Brings Over 10K Residential Units Along the Iconic Waterfront

Developers are engaged in a multitude of projects at various stages, ranging from proposals to nearly finished constructions, which collectively aim to introduce 10,500 condo and apartment units along the Miami River. It’s worth noting that this tally might be an underestimate, given that the analysis focused solely on applications and construction loan filings within the past year. Additional projects may be in progress, and some long-paused endeavors might be in line for revival.

The Miami River, extending 5.5 miles from a canal near Miami International Airport to Biscayne Bay, holds historical significance as one of the earliest inhabited areas in Miami, with archaeological findings dating back 7,000 years, including artifacts and human remains.

This surge in building activity along the Miami River signifies a return to the roots of the city, as developers, having previously concentrated on other neighborhoods, are now redirecting their focus to construct along Southeast Florida’s oldest natural landmark.

Outlined below are some of the prominent projects slated for the Miami River:
  1. Triple Bet by Newgard Development Group:
    • Harvey Hernandez, a longstanding South Florida developer, is spearheading the One Brickell Riverfront complex, featuring three towers on a 1.6-acre lot.
    • The project includes a 44-story Lofty Brickell condo tower, a 43-story residential tower, and a proposed 59-story condo tower with 169 units.
  2. River Landing Add-On by Urban-X Group:
    • Three years after inaugurating River Landing Shops & Residences, Urban-X Group aims to add a 28-story apartment building named MidRiverVu across the street.
  3. Miami Riverbridge by Gencom and Hyatt:
    • The James L. Knight Center and Hyatt will be replaced by a three-building development, including two 61-story towers and a supertall tower rising 1,049 feet.
    • Miami-based Gencom and Chicago-based Hyatt plan to start construction in 2026, with the first tower expected to be completed in 2030.
  4. Baccarat-Branded Condo by Related Group:
    • The PĂ©rez family’s Related Group is developing a 75-story, 355-unit Baccarat-branded condo as part of a multi-tower project on the Miami River.
  5. One River Point by KAR Properties and Fortune International Group:
    • Shahab Karmely’s KAR Properties and Edgardo Defortuna’s Fortune International Group are progressing with a pair of 60-story connecting condo towers known as One River Point.
  6. River District by Chetrit Group:
    • The Chetrit Group’s $1 billion megaproject includes 1,600 residential units, retail, offices, and a marina on 6.2 acres south of the river.
  7. Polish American Club’s Project at 1250 Northwest 22nd Avenue:
    • The Polish American Club of Miami envisions an eight-story mixed-use project with 102 apartments, offices, retail, and a banquet hall.
  8. River Rapids by ROVR Development:
    • ROVR Development plans a nearly 1,600-unit multifamily project on 10 acres west of Northwest 27th Avenue, called River Rapids.
  9. Coastline-Nakash Equity Capital Group’s Project near Miami International Airport:
    • Coastline-Nakash Equity Capital Group proposes an 822-unit apartment complex near Miami International Airport, marking development expansion along the west riverbank.
  10. Neology Life Development Group’s Project on the West Riverbank:
    • Lissette Calderon’s Neology Life Development Group aims to build a 1,360-unit apartment complex with three 14-story buildings at 2301 Northwest 33rd Avenue.
  11. River District 14 by Alta Development:
    • Alta Development plans a 16-story condo project, River District 14, allowing owners to rent out their units through platforms like Airbnb and VRBO.
  12. Remi on the River Part Two by Mast Capital:
    • Mast Capital is completing the construction of a second Remi on the River apartment building, featuring eight stories and 342 units.

This diverse array of projects indicates a vibrant phase of development along the Miami River, showcasing the city’s dynamic growth and resurgence in this historic locale.

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