‘Tula Residences’ Set for 2027 Completion at 7918 West Dr, North Bay Village, FL

A South Florida-based developer has secured financing to jumpstart a delayed luxury project in North Bay Village.

Tula Residences is set to measure 21 stories above grade and comprise 54 units, including six penthouses. The 48 corner-only residences will span floors seven though 19, while the six penthouses will occupy floors 20 through 22.

Floorplans will span two-bedroom to five-bedroom layouts. In-unit amenities will include (but aren’t limited to) wraparound glass terraces, Italian-designed kitchen interiors complete with Miele appliances, and stone floors.

Renderings of one of the units. Image from the venture’s website

Homes are currently priced from $2.4 million to $6.9 million. A sampling of the amenities includes a wellness center, dog spa, and resort-style swimming pool with private cabanas. Malaysia-based Pacific & Orient Properties broke ground on Tula Residences in early 2023, but sitework came to a pause following financing concerns.

In late 2024, Bayshore Grove Capital took over the project, although Pacific & Orient Properties remains involved. The security of a $67 million construction loan from S3 Capital has helped make Tula Residences possible. Pacific & Orient Properties purchased the build site for $8.3 million in 2015.

A&R Development is the general contractor; M77R is the architect. Construction is anticipated to end in 2027. Tula Residences is unfolding at 7918 West Dr, North Bay Village, FL, 33141, in Miami-Dade County.

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