Continuum Company and joint venture partner Aksoy Holding have secured a $350 million financing package for the Continuum Waterfront District, a 4-acre master-planned development along Biscayne Bay in North Bay Village. The loan, provided by S3 Capital, includes $261 million in construction financing for Phase One at 1755 John F. Kennedy Causeway and $83 million in predevelopment financing for Phase Two at 1819 John F. Kennedy Causeway.
Phase One is currently under construction with Continuum Club & Residences West, a 36-story waterfront condominium tower planned to yield 236 units. The development will include a waterfront restaurant and marina access for pick-up and drop-off. Approximately half of the residences are reported to be under contract. The project is being designed by Arquitectonica.
The Continuum Waterfront District is planned as a multi-phase development featuring two residential towers, a hotel component, a 20-slip marina, waterfront dining, and additional mixed-use elements. Phase Two, targeted for completion in 2030, will introduce Continuum Club & Residences East, which is expected to include approximately 300 additional condominium units. The phase will also include a hotel program comprising 96 rooms and 114 furnished hotel residences, along with expanded waterfront amenities.
The development spans a site assembled between 2023 and 2024 for approximately $108.5 million and measures roughly 3.7 acres, according to recent reporting. The master plan was approved by the North Bay Village Commission in 2025 under a special area plan, site plan, and development agreement.
The financing follows a previously secured $25 million predevelopment loan for the project. Construction on Phase One began roughly one year ago and is expected to complete in 2028, with the second phase anticipated to follow in 2030.
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So many projects moving forward in this area around Billionaire’s Bunker. Not a surprise, but the traffic which is already a nightmare will just get worse and there is nowhere to build new roads. Maybe they will have a water taxi system one day to move all of the workers servicing these properties.
the same arq…….ca s.it