Invictus Real Estate Partners and Integritas Capital have closed on a $155 million construction completion and condominium inventory loan for Flow House, a 40-story residential tower located at 697 North Miami Avenue within Miami Worldcenter. The financing supports the project’s transition from a rental development to a condominium offering, which has become one of the fastest-selling new residential properties in the Miami market.
Aerial imagery captured in mid-March shows Flow House nearly complete at 413 feet tall, with the structure fully integrated into the initial development phase of the block. Constructed by Kaufman Lynn Construction and led on-site by project executive Hans Nelson, the tower was designed by Cohen Freedman Encinosa Architects and brought to fruition through the efforts of a broad team including Areda Construction, Inc., C&C Concrete Pumping, Cemex, Coastal Masonry, Inc., Coastal Masonry of Florida, Inc., CHM Structural Engineering, LLC, Feller Engineering, NV5, Paramount Consulting and Engineering, LLC, Nagelbush Mechanical, Inc., Fisk Electric Co., and Infinite Windows.
Photo by Oscar Nunez.
Photo by Oscar Nunez.
Developed under the Flow brand—a platform-oriented real estate concept prioritizing resident experience—Flow House will comprise 466 condominium units, with prices starting at $450,000. The tower is designed with an emphasis on sustainability, resident wellness, and digitally integrated services, with a variety of homes featuring private balconies and select units offering water views.
Photo by Oscar Nunez.
Photo by Oscar Nunez.
“We were happy to work with Flow to structure a flexible financing solution to convert the rental tower to condominiums. We are excited to be part of this successful project,” said Eric Scheffler and Chris Pardo of Invictus.
Credit: Flow House.
Amenities include a 24/7 fitness center staffed by personal trainers, a meditation room, Pilates studio, cold plunge and sauna facilities, and an expansive activated pool deck. The Flow brand’s proprietary technology platform allows residents to access and reserve any of the building’s 25 amenity spaces—ranging from yoga lawns to conference rooms—as well as participate in curated community events and services.
Credit: Flow House.
Strategically located in Miami Worldcenter, Flow House offers residents direct access to one of the city’s most prominent mixed-use districts. The development lies within walking distance of Brightline’s high-speed rail station, along with a range of entertainment, dining, and cultural venues that continue to elevate the urban experience in Downtown Miami.
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Heavy, dated design.