North Bay Village Development Spurs New Luxury Towers
August 1, 2025
North Bay Village development is accelerating as this waterfront enclave in Miami becomes a magnet for major real estate projects. Developers are seizing rare opportunities to build luxury high-rises, branded condos, and mixed-use megaprojects across the three-island town.
Related Group Launches Harbor Island Project
The Related Group, in partnership with Macklowe Properties, secured early approval for the Harbor Island project—two 43-story waterfront towers planned for 8000 and 7946 East Drive.
Related Group Official Site
The site assembly process was complex, but Related has taken the lead and plans to return to the commission for final approval.
New Acquisitions Hint at More Growth
Christian and Brooke Torres recently acquired a 15-unit property at 7939 East Drive through foreclosure proceedings. Industry insiders speculate the site may be sold to a larger developer eyeing additional North Bay Village development.
Shoma Bay Secures Permit Extension
Masoud Shojaee, whose wife Stephanie stars on Real Housewives of Miami, received a 30-day extension to obtain permits for his Shoma Bay project, which will include a Publix grocery store.
About Shoma Group
Though the project has faced delays, Shojaee confirmed his commitment to finishing it.
A Surge of High-End Projects on the Horizon
Several developers are reshaping North Bay Village’s skyline:
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Andy Ansin, from the WSVN Channel 7 family, is preparing a multi-phase project surrounding the 79th Street Causeway.
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Riviera Horizons is bringing Pagani Residences, a 30-story tower and the first-ever residential venture by the Italian hypercar brand.
Pagani Official Site -
The Continuum Company, run by the Eichner family, will redevelop the former Shuckers site into 500+ condos, 200 hotel rooms, and a new marina.
Continuum Company Projects
A profile of Allie Eichner, a key player in the project’s approvals, will appear in our next magazine issue.
High-Value Sales Reflect Market Momentum
Residential
Developer Massimo Musa sold a $51.1 million Delray Beach mansion to a trust tied to Eugene and Olga Nonko.
View Delray Luxury Listings
Commercial
Grant Cardone’s Cardone Capital acquired 101 Via Mizner in Boca Raton for $235 million, working with Penn-Florida Companies via bankruptcy court approval.
Cardone Capital Site
North Bay Village Development: A Market to Watch
With billions in planned investment and big names behind the scenes, North Bay Village development is moving fast. The town is also requiring developers to support affordable housing and public green spaces—ensuring growth benefits the broader community.
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