Naftali Group Advances 67-Story JEM Miami Worldcenter Tower in Downtown Miami

• 803-unit mixed-use project combining 273 condos and 530 rentals moves into vertical phase
• $465M construction loan backs development as Miami demand stays strong
• Completion set for Q4 2027, with construction now rising above the podium

Vertical construction signals reduced risk for developers

JEM Miami Worldcenter has officially entered vertical construction, with multiple residential floors now rising above the podium. Crews are actively forming concrete slabs and structural cores as the tower begins its upward climb. This phase is critical for investors. Once a project reaches repetitive floor construction, execution becomes more predictable, and timelines tend to tighten, lowering development risk.

Project scale shows strong multifamily and condo demand

The 67-story tower will deliver over 741,000 square feet of space, including a mix of luxury condos and multifamily rentals. The inclusion of both product types reflects a strategy to capture demand from both buyers and renters. Developers are leaning into this hybrid model more often. It allows for upfront condo sales while maintaining long-term stability in rental income.

Location strengthens long-term rent and value growth

The project sits in Miami Worldcenter, one of the largest mixed-use developments in the country. Its position in Downtown Miami places it near transit, retail, and major infrastructure improvements. For landlords, this type of location supports higher absorption and rent growth. Walkability and connectivity continue to drive tenant demand in urban cores.

Design and amenities target high-income residents

The tower is being designed by Arquitectonica with interiors by Rockwell Group. Condo units will begin on the 43rd floor, including high-end Sky Villas with luxury finishes. Amenities will include a sky pool, wellness facilities, and co-working areas. This level of offering positions the asset at the top of the market, helping justify premium pricing.

Capital backing reflects continued confidence in Miami

Naftali Group secured $465 million in construction financing in 2025, reinforcing lender confidence in both the project and the broader Miami market. Even with higher interest rates, capital continues to flow into well-located, high-density developments. Miami remains a top target for institutional and private investors.

What this means for multifamily and mixed-use investors

This project highlights a clear trend. Developers are prioritizing dense, mixed-use assets in high-growth cities like Miami. For investors, the takeaway is simple. Urban core projects with strong design, transit access, and mixed-income streams continue to attract capital and deliver long-term upside.