Continuum Company Lands $350M Loan for North Bay Village Mega Development

• Continuum Company secures $350 million in financing
• Phase One includes 236 luxury condos, a 36-story tower, 50% sold
• Full project spans a 4-acre mixed-use waterfront district

What the financing means for North Bay Village

Continuum Company has secured $350 million in construction and pre-development financing to push forward its large-scale waterfront project in North Bay Village. The loan, provided by S3 Capital, includes $261 million for Phase One and $83 million for Phase Two. This capital injection moves the project firmly into full-scale construction. For investors, this signals strong lender confidence in South Florida luxury residential demand.

What the project includes

The Continuum Waterfront District is a 4-acre master-planned development along Biscayne Bay. The project is designed as a gated, walkable community combining residential, hospitality, and retail components. Plans include two residential towers, a hotel, marina, waterfront dining, office space, and a public promenade known as the Island Walk. This type of integrated development reflects a shift toward lifestyle-driven, mixed-use waterfront projects.

How Phase One is performing

Phase One includes a 36-story condo tower with 236 units and is already 50 percent sold. Completion is expected in 2028. Strong early sales indicate continued demand for luxury waterfront product in Miami. For developers, pre-sales at this level reduce risk and support construction financing.

What Phase Two will bring

Phase Two will expand the project with approximately 300 additional condos, a branded hotel, and expanded amenities. Delivery is targeted for 2030. The inclusion of hospitality and public space adds long-term value and creates a destination rather than a standalone property.

Why North Bay Village is emerging

North Bay Village is increasingly seen as a growth market within Miami. Located between downtown and Miami Beach, it offers waterfront access with less density than core areas. Developments like this are helping transform the area into a new luxury residential and lifestyle hub.

What this means for investors and landlords

This deal highlights continued capital flow into large-scale mixed-use developments in South Florida. Strong demand, migration trends, and global interest are supporting pricing and absorption. For investors, projects like this offer exposure to high-end residential growth with integrated amenities and long-term upside. The Continuum Waterfront District positions North Bay Village as one of Miami’s next major development frontiers.