Coral Gables-based Shoma Group has broken ground on Shoma Bay, a mixed-use tower in North Bay Village, located at 1850 79th Street Causeway. The 24-story development will feature 333 waterfront condos, a 35,037-square-foot Publix market, and 15,628 square feet of retail space.
Shoma Group acquired the property for $15.78 million in 2021. North Bay Village is seeing an influx of condo projects, with companies like Related Group and Sunbeam Properties positioning sites for redevelopment.
Shoma Bay. Credit: Shoma Group.
“We are thrilled to commence the construction of Shoma Bay, a project that exemplifies our commitment to delivering exceptional residential experiences,” stated Masoud Shojaee, CEO and chairman of Shoma Group.
Shoma Bay. Credit: Shoma Group.
Amenities will include a resident lounge and bar, spa, Hammam, golf simulators, fitness center equipped with Technogym equipment, pet spa, and kids club. Additionally, residents will access a 6,030-square-foot pool deck with panoramic water views overlooking Biscayne Bay, featuring a pool, cabanas, and a summer kitchen. Other development elements will include a library, a 2,600-square-foot coworking business lounge, a lounge with a coffee bar, and areas for gaming and movie watching. Assigned gated parking, electric vehicle charging stations, a designated bike room, and storage spaces will also be available.
ISG World is the exclusive broker for Shoma Bay, which permits monthly rentals but prohibits short-term rentals. The project is expected to be completed in 2026, with Miami-based Civic Construction as the general contractor and MSA Architects as the designer. Shoma Group is self-funding the construction for now.
Shoma Bay. Credit: Shoma Group.
“At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle,” said Stephanie Shojaee.
Shoma Group leaders Masoud and Stephanie Shojaee announced they will reside in one of the 10 penthouses. Sales for Shoma Bay launched in 2022, with initial prices starting at $400,000. The condos range from 344 to 2,700 square feet.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Be the first to comment on "Shoma Bay Breaks Ground at 1850 79th Street Causeway in North Bay Village"