Continuum Company Secures $25M Loan for New Luxury Condo Tower in North Bay Village
May 9, 2025
Continuum Company, a prominent real estate development firm with offices in New York City and Miami, has secured a $25 million pre-development loan for Continuum Club & Residences, a forthcoming 32-story luxury condominium project at 1755 John F. Kennedy Causeway in North Bay Village, Florida. Benmark Capital, a vertically integrated real estate private equity and debt investment firm, arranged the financing.
The funding will support early site preparation and development work for the 198-unit waterfront tower, which has already seen strong market traction—50% of the units are under contract. Developed in partnership with Aksoy Holdings, the project represents Continuum’s second Miami venture, following the success of Continuum South Beach.
“Benmark Capital is pleased to support The Continuum Company in advancing this highly anticipated development,” said Mark Simon, CEO of Benmark Capital. “This transaction reflects our commitment to financing institutional-quality projects sponsored by experienced developers in supply-constrained, high-demand markets.”
Joe Moser, Director at Benmark, noted the strategic value of the location: “Continuum Club & Residences is exceptionally well-positioned to benefit from the significant investment and infrastructure improvements underway in North Bay Village. We are proud to play a role in bringing this transformative project to fruition and expanding our presence in the Miami market.”
Designed by acclaimed architecture firm Arquitectonica, with interiors by Durukan Design and landscaping by Martha Schwartz Partners, the development is set to include over 60,000 square feet of amenities. Highlights include multiple resort-style pools, a private marina, a waterfront fitness center and spa, curated dining options, and wellness-oriented services.
Construction began in March 2025, with the project slated for completion in early 2028.
“Securing this pre-development loan from Benmark Capital is a testament to the strength of our vision for Continuum Club & Residences and the confidence in our team’s ability to deliver exceptional value,” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “The tremendous support from our financial partners underscores the unprecedented demand for luxury waterfront living in Miami’s emerging neighborhoods. This financing will enable us to maintain our momentum as we transform North Bay Village into Miami’s next premier destination.”