Naftali Group Completes Foundation Pour For JEM Private Residences Miami at Miami Worldcenter

Key Points

• 8,400 cubic yards of concrete poured over 18 hours for JEM Private Residences' foundation.

• The 67-story, 700-foot tower will feature 259 luxury condos starting from the 43rd floor.

• Amenities include a Sky Lounge, 60-foot pool, boxing arena, and spa suite.

Naftali Group has completed a significant construction milestone for JEM Private Residences, a luxury condominium tower in Downtown Miami's Miami Worldcenter. The foundation pour, involving 8,400 cubic yards of concrete over an 18-hour period, marks the beginning of vertical construction for this 67-story development.

Set to redefine Miami's skyline, JEM Private Residences combines architectural innovation with resort-style amenities, offering a new standard of urban living.

Project Overview: JEM Private Residences

• Location: 175 NE 10th Street, Miami, FL 33132.

• Height: Over 700 feet, comprising 67 stories.

• Residences: 259 luxury condominiums starting from the 43rd floor.

• Design: Architectural design by Arquitectonica; interiors by Rockwell Group; landscape architecture by EDSA.

• Completion: Expected in Q4 2027.

The building's design features wave-like architecture and wraparound terraces, emphasizing indoor-outdoor living and offering panoramic views of Biscayne Bay and the Miami skyline. 

Amenities and Lifestyle Features

JEM Private Residences offers an array of resort-style amenities on the 50th floor, including:

• Sky Lounge: An indoor space with expansive city views.

• Outdoor Pool: A 60-foot pool accompanied by a jacuzzi and lounge seating.

• Fitness Center: Equipped with state-of-the-art equipment and a boxing arena.

• Wellness Facilities: A spa suite featuring a steam room, Himalayan salt room, and sauna.

• Additional Amenities: Co-working spaces, a game room, private dining areas, and a spirits tasting room.

These amenities are designed to provide residents with a comprehensive lifestyle experience, blending relaxation, fitness, and social engagement.

Financial and Development Details

• Developer: Naftali Group, a national real estate development and investment firm.

• Construction Management: Coastal Construction.

• Financing: Secured a $40 million C-PACE (Commercial Property Assessed Clean Energy) financing loan from Nuveen Green Capital to fund energy efficiency and resiliency measures, including building envelope, lighting, structural materials, water efficiency, and elevator systems.

• Sales and Marketing: OneWorld Properties is the exclusive brokerage for JEM Private Residences.

The project's integration of sustainable building practices through C-PACE financing underscores Naftali Group's commitment to environmentally responsible development.

Market Implications

JEM Private Residences is poised to become a landmark in Miami's luxury real estate market, offering high-end living spaces with comprehensive amenities in a prime downtown location. Its development reflects the ongoing growth and transformation of Miami Worldcenter into a vibrant, mixed-use urban hub.

For investors and real estate professionals, JEM represents a significant opportunity in the luxury condominium sector, catering to a market seeking upscale, amenity-rich residences in the heart of Miami.