Terra and One Thousand Group have secured a $285 million construction loan for Villa Miami, a 650-foot-tall waterfront condominium set to rise in Miami’s East Edgewater neighborhood. Designed by ODP Architects, the tower will feature a distinctive copper-colored exoskeleton and mark the first residential project branded by Major Food Group (MFG). Construction commenced earlier this month, with completion anticipated in late 2027.
TYKO Capital, backed by Elliott Investment Management and led by Adi Chugh, provided the financing. TYKO Capital’s portfolio includes notable projects like Manhattan’s Flatiron Building, One High Line, and Miami’s St. Regis Residences. Walker & Dunlop’s Keith Kurland and Jordan Casella arranged the financing for Villa Miami. They recently collaborated with Terra on a $170 million loan for Upland Park near Dolphin Mall.
Villa Miami. Credit: Binyan Studios.
“The financing secured for Villa Miami underscores the demand for an exceptionally curated residential experience within an intimate, boutique setting,” said David Martin, CEO of Terra. “Today’s lenders are drawn to best-in-class projects led by trusted teams with a proven track record. Villa Miami unites top-tier talent in a distinctive collaboration, creating a landmark residence in Edgewater—one of Miami’s most central and connected neighborhoods. This project reflects the evolution of Miami’s luxury condo market, which now caters to a discerning buyer demographic with a refined knowledge of brand ethos and the market.”
Set to rise 56 stories, Villa Miami will house 70 ultra-luxury residences, with layouts ranging from 3,000 to 6,000 square feet and pricing starting at $5 million. Each unit will feature full- and half-floor layouts with 360-degree views of Biscayne Bay and the Miami skyline. The project’s groundbreaking was celebrated on December 5 during Miami Art Week.
Villa Miami. Credit: Binyan Studios.
“As branded residences continue to grow, they are redefining luxury by integrating the expertise of food and hospitality leaders like Major Food Group,” said Kevin Venger, Co-Founder of One Thousand Group. “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. Credit: Binyan Studios.
Villa Miami will feature a curated suite of amenities, including the Copper Club, a private residents-only club spanning multiple floors with exclusive dining and lounge areas by Major Food Group. MFG will also debut a ground-floor restaurant concept as part of the development. The building’s interiors, designed by Vicky Charles of Charles & Co., draw inspiration from waterfront cities like Venice and the French Riviera, reinterpreted with a modern Miami aesthetic.
Villa Miami. Credit: Binyan Studios.
Edgewater’s central location continues to attract buyers. It is close to the Miami Design District, Midtown, Downtown, and Miami Beach, which offer high-end shopping, cultural destinations, and dining options. Thus, the area is a key destination for luxury living.
Villa Miami’s development team brings extensive experience in delivering landmark residential projects. Terra’s portfolio includes Five Park Miami Beach, Mr. C Residences Coconut Grove, and the Renzo Piano-designed Eighty Seven Park. One Thousand Group has delivered iconic towers such as Zaha Hadid’s One Thousand Museum and Ten Museum Park. Both firms continue to contribute to Miami’s evolving luxury skyline.
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I like this tower, but I’m not catching the branding here. Is “Villa” a brand? Sounds very generic to me.
The base looks interesting, wish they would have followed that detailing all the way up. The facade sort of looks new, but with a heavy dreadful 1960’s border. I don’t think this building will age well since it already looks aging.