Benmark Capital, a vertically integrated real estate private equity and debt investment firm, has announced the closing of a $25 million pre-development loan to Continuum Company for the advancement of Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing will support early site preparation and development activities for the waterfront project.
The tower is being developed in partnership with Aksoy Holdings and marks Continuum Company’s second major residential project in the Miami market, following the successful delivery of Continuum South Beach. Plans call for 198 luxury condominium units situated on a prominent waterfront site within North Bay Village, an area undergoing significant revitalization through new infrastructure and mixed-use development.
“Benmark Capital is pleased to support The Continuum Company in advancing this highly anticipated development,” said Mark Simon, Chief Executive Officer 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 Capital, added, “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 to continue expanding our footprint in the Miami market.”
Designed by Arquitectonica, the 32-story structure will feature interior design by Durukan Design and landscape architecture by Martha Schwartz Partners. The amenity program spans more than 60,000 square feet and includes multiple resort-style pools, a private marina, a waterfront fitness center and spa, curated dining options, and wellness-focused services.
Construction broke ground in March 2025, and the project is targeting completion in early 2028. According to Continuum Company, approximately 50% of the residences are currently under contract.
“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.”
Continuum Club & Residences is part of a broader wave of high-rise residential development reshaping North Bay Village, which continues to attract interest from both developers and buyers seeking high-end housing within proximity to Miami Beach and the urban core.
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 "Benmark Capital Closes $25 Million Pre-Development Loan for Continuum Club & Residences in North Bay Village, FL"