Construction has topped out on Tula Residences, a 21-story, 54-unit condominium development at 7918 West Drive in North Bay Village. Designed by M77R with interiors by Shannon Farrell Design, the waterfront project is being led by Bayshore Grove Capital, which is overseeing development and construction, with Pacific & Orient Properties serving as the project developer. A&R Development is the general contractor. Completion is anticipated in the third quarter of 2027.
The milestone follows the securing of a $67 million construction loan from S3 Capital. The development team also announced that Compass Development Marketing Group has joined Brown Harris Stevens as co-listing brokerage, supporting sales, marketing, and broker outreach as construction progresses.
Credit: Bayshore Grove Capital
“Reaching the top of Tula is an exciting moment for us and for North Bay Village,” said Vivian Dimond, Founder and CEO of Bayshore Grove Capital. “We have believed in the potential of this community from the beginning, and it is rewarding to see Tula take its rightful place as an anchor of the neighborhood. As construction moves closer to completion, the character of the building and the lifestyle we envisioned are coming to life right in front of us.”
Credit: Bayshore Grove Capital
Credit: Bayshore Grove Capital
The building is designed with a hand-troweled stucco façade and wraparound terraces with glass surrounds. The residential collection features corner layouts ranging from two to five bedrooms, including six penthouses occupying the upper three floors. Standard residences span approximately 1,590 to 2,440 square feet, while penthouses range from approximately 3,700 to 4,140 square feet.
Approximately 18,000 square feet of amenities are planned. A sixth-floor amenity level will include a swimming pool, landscaped deck, poolside lounges, and private cabanas overlooking Biscayne Bay and the Miami skyline. Interior amenities will include a fitness center, a great room with a marble fireplace, a private dining room seating 12, and the Skyline Club Room, which will be available for private gatherings.
Additional offerings will include a surround-sound theater, 24-hour concierge service, and secure package storage. The waterfront Vista Lounge will feature floor-to-ceiling windows overlooking the bay.
Credit: Bloom Images
Credit: Bloom Images
Credit: Bloom Images
“Tula offers something truly compelling for North Bay Village, as buyers increasingly recognize the appeal of waterfront living in a location that offers both privacy and immediate access to Miami and Miami Beach,” said Philip Freedman, Senior Managing Director of Sales. “Now that the building has topped off, buyers can see firsthand the progress taking shape and better understand what sets Tula apart within Miami’s condominium market.”
According to the development team, residences are priced starting below $2 million, and Tula is expected to become the first new condominium to open in North Bay Village in more than a decade when completed in the third quarter of 2027.
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