Groundbreaking has been announced for The Cove Residences, A Waterfront Collection, a 40-story condominium tower planned at 456 NE 29th Street in Miami’s Edgewater neighborhood. The project is being developed by SB Development and Hazelton Capital Group, with architecture and interior design by Kobi Karp Architecture & Interior Design and Dieguez Fridman Architects. Kaufman Lynn Construction has been appointed as general contractor. The bayfront development is planned to yield 134 condominium units and is targeting completion in 2028.
Credit: World Red Eye.
Credit: World Red Eye.
The launch of sales coincides with the start of construction following the project’s recent groundbreaking. According to the developers, the tower will contain a mix of one- to four-bedroom residences with floor-to-ceiling glass, wraparound terraces, and interior finishes centered on natural materials and indoor-outdoor living. A new sales gallery has also opened as the project moves forward. Starting prices are reported to begin in the $900,000s.
“The Cove Residences will bring an important new residential offering to Edgewater: a highly personal, thoughtfully considered lifestyle connected to nature,” said Joseph Stern, Co-Founder and Principal at SB Development. “The residences deliver an intimate experience surrounded by the energy of the city while also immersing owners in the calm and serenity of Biscayne Bay. Striking this balance was crucial to our concept, and we’re excited to bring it to life.”
Credit: World Red Eye.
Credit: World Red Eye.
The tower has been designed to take advantage of its waterfront site along Biscayne Bay. Project materials describe unobstructed sunrise and sunset views from the residences, along with custom kitchens, spa-style bathrooms, and tailored interior detailing. The development site includes both park frontage and direct water frontage, and the building is described as sitting 25 feet from the seawall.
“There are limited opportunities to live directly on the waterfront in Miami, so The Cove Residences emphasizes its enviable location in Edgewater, providing both park and direct water frontage and sitting just 25 feet from the seawall,” said Adam Westreich, Principal at Hazelton Capital Group. “This is a very special site, and we’ve designed a privileged residential experience that showcases that and aligns with how people want to live today.”
Credit: World Red Eye.
Amenities are planned to include a waterfront infinity pool, fitness center, wellness areas, coworking space, a game and billiards lounge, and a theater. The project will also feature a healthcare concierge service, on-demand car-sharing access, and a private docking amenity for direct bay access.
Sales and marketing for the development are now being led by the Eklund | Gomes team at Douglas Elliman Development, following an earlier presale campaign by One World Properties. Recent reporting indicates the sales team transition followed the project’s construction financing closing and the developers’ preparations to commence vertical development.
Credit: Metaform, a division of Conway.
Credit: Metaform, a division of Conway.
Credit: Metaform, a division of Conway.
“Edgewater has quickly become one of Miami’s most compelling waterfront neighborhoods, and opportunities like this are increasingly rare,” said Fredrik Eklund, who is leading sales at the project. “With just 134 oceanfront homes, we are thrilled to introduce The Cove Residences to buyers seeking a wellness and design-driven product directly on Biscayne Bay. This is a project that truly stands out in today’s market.”
The project site sits within Edgewater, immediately north of Downtown Miami and west of Biscayne Bay, with access to the Miami Design District, Wynwood, Miami Beach, and the city’s cultural institutions along Museum Park. The groundbreaking follows the closing of $170 million in construction and land financing from Bravo Property Trust and IDB, a milestone previously reported in September 2025.
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