Naftali Group

$35 Million Financing Secured for JEM Private Residences at 1016 NE 2nd Avenue in Miami Worldcenter

8:00 am on August 16, 2024 By Oscar Nunez

BHI, the U.S. division of Bank Hapoalim and a full-service commercial bank, announced the provision of $35 million in predevelopment financing to Naftali Group for JEM Private Residences, a 67-story mixed-use tower planned for 1016 Northeast 2nd Avenue in Miami, Florida. The over 700-foot-tall development will include 259 condominium units, 530 multifamily rental units, 3,259 square feet of ground-floor retail space, and 283,863 square feet dedicated to parking.

Naftali Group Breaks Ground On 67-Story JEM Private Residences At Miami Worldcenter

8:00 am on April 11, 2024 By Oscar Nunez

Naftali Group has officially broken ground on JEM Private Residences, a 67-story condominium development located at 1016 Northeast 2nd Avenue in Miami Worldcenter. Designed by the Miami-based architecture firm Arquitectonica and the New York City-based interior design firm Rockwell Group, the building will rise over 700 feet and feature 259 condo units on the upper levels, 530 multi-family units on the lower levels, ground-floor commercial space, and 591 parking spaces. The development has swiftly moved from market entry to construction commencement in under five months, establishing a record pace for South Florida. This marks a significant milestone in Naftali Group’s expansion into Florida, as JEM Private Residences aims to set a new standard for quality in the region. OneWorld Properties is the exclusive brokerage, with Coastal Construction as the general contractor. DeSimone Consulting Engineering is the structural engineer, and MG Engineering D.P.C. is the MEP engineer.

Naftali Group Announces Official Plans For 67-Story Miami Worldcenter Tower, To Include Condos, Rental Apartments And Commercial Space

8:00 am on October 19, 2023 By Oscar Nunez

New York-based real estate development and investment firm Naftali Group has announced official plans for a 67-story mixed-use building to rise over 700 feet on a 1.02-acre site at 1044 and 1016 Northeast 2nd Avenue…

Demolition Permit Issued For Miami Worldcenter Site Where Naftali Group’s 65-Story Tower Will Rise

8:00 am on May 28, 2023 By Oscar Nunez

Demolition permits have been issued for the 26,946-square-foot building at 1016 Northeast 2nd Avenue, the eastern parcel of Miami Worldcenter’s Block A. The building, which formerly served as the sales center for the Paramount Miami Worldcenter, is set to be completely razed to pave the way for an ambitious new development. TNG MWC LLC, an affiliate of the New York-based Naftali Group (Naftali), is spearheading the transformation of the 90,827-square-foot property and plans to erect a 65-story mixed-use tower on the site

Demolition Permits Filed For 1016 Northeast 2nd Avenue At Miami Worldcenter

8:00 am on April 19, 2023 By Oscar Nunez

Demolition permits are now in motion for a commercial building formerly serving as the sales center for Paramount Miami Worldcenter. Situated at 1016 Northeast 2nd Avenue, also recognized as the eastern parcel of Miami Worldcenter’s Block A, the demolition project encompasses removing a 26,946-square-foot structure, initially constructed in 1958 and expanded through 1981. The 90,827-square-foot property is poised for transformation. TNG MWC LLC, an affiliate of the New York-based Naftali Group (Naftali), is listed as the applicant of record, with plans to develop a 65-story mixed-use tower on the site.

Renderings Surface For Naftali Group’s Planned 700-Foot Skyscraper At Miami Worldcenter Block A

8:00 am on April 14, 2023 By Oscar Nunez

Renderings have emerged for 1016 Northeast 2nd Avenue, a proposed 65-story mixed-use skyscraper within the eastern section of Miami Worldcenter Block A in downtown Miami. Designed by Arquitectonica with Kimley-Horn as the civil engineer and EDSA as the landscape architect and developed by Naftali Group, a global real estate development and investment firm based in New York, the 700-foot-tall structure would yield 1,288,063 square feet of space, including 786 residential units, nearly 36,000 square feet of amenities, 3,611 square feet of ground-floor retail space, and 591 parking spaces. The 1.02-acre site, flanked by Northeast 10th and 11th Streets to the south and north and Northeast 2nd Avenue to the east, is situated adjacent to the elevated platform of the Eleventh Street Metromover Station. The developer is currently pursuing approval for the project, which is set to be reviewed by Miami’s Urban Development Review Board (UDRB) on April 19, 2023.

Naftali Group Files Plans For Mixed-Use Development With Two Towers At 201 N. Federal Highway In Fort Lauderdale

8:00 am on January 24, 2023 By Oscar Nunez

New York City-based Naftali Group has filed plans for 201 North Federal Highway, a two-tower mixed-use development of 47 and 44 stories proposed in Fort Lauderdale’s downtown core. Designed by Arquitectonica with landscape architecture from ESDA, Inc., and Kimley-Horn as the civil engineer and traffic engineer, the proposal calls for 1,483,708 square feet of space, including 824 residential units, 19,391 square feet of amenities, 10,399 square feet of commercial/retail space, and 877 parking spaces across two towers of approximately 509 feet and 493 feet over a multi-story podium. The approximate 1.52-acre property is located at the corner of Northeast 2nd Street and North Federal Highway; Toothaker is the land-use attorney.

Naftali Group Granted Building Permits For Near 700-Foot-Tall Towers At Miami Worldcenter

8:00 am on January 17, 2023 By Oscar Nunez

New York-based developer Naftali Group (Naftali) has been granted several building permits for a twin-towered residential project at Miami Worldcenter with up to 1.3 million square feet of potential space. The Federal Aviation Administration (FAA) has determined the proposed structures would have no substantial adverse effect on the safe and efficient utilization of the navigable airspace by aircraft or on the operation of air navigation facilities, allowing them to rise 684 feet, or 691 feet above sea level. Naftali formed a joint venture partnership with Cara Real Estate Management and purchased the 44,500-square-foot site at 1016 Northeast 2nd Avenue in Downtown Miami’s Park West neighborhood last year for nearly $41 million. Zoning allows for buildings with a maximum floor count of 60 stories.

Naftali Group Closes On 1.3-Million-Square-Foot Miami Worldcenter Site With Plans to Build Two Supertall Residential Skyscrapers

8:00 am on March 29, 2022 By Oscar Nunez

New York-based developer, Naftali Group, a leading privately held global real estate development and investment firm, recently announced it has closed on a development site allowing 1.3 million square feet of new construction at 1016 Northeast Second Avenue in Miami Worldcenter, which spans 27 acres near Downtown Miami and is the second largest active private development in the United States with $4 billion in total investments. Naftali, in partnership with Cara Real Estate Management, purchased the site for $40.5 million. Mika Mattingly, Executive Managing Director at Colliers’ Urban Core Division, represented both Naftali, and Akara Partners, the seller, in the off-market transaction. According to a press release, the developer is planning to construct two supertall residential towers, which would be the first for Miami Worldcenter. Pre-sales for 1016 Northeast Second Avenue are slated for the end of this year.

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