Prosper Group & Versluys Group Launch JV for $650M Ultra-Luxury Brickell Riverfront Tower

Key Points:

• Prosper Group and Versluys Group — are forming a joint venture to build a $650 million, 60-story luxury residential tower in Miami’s Brickell/ Miami River district.

• The project will include 158 residence units, plus more than 300 feet of direct river frontage, on a three-parcel site situated at 99 SW 7th St, 66 SW 6th St and 625 SW 1st Ave in Miami.

• This marks Belgium-based Versluys Group’s official entry into the U.S. market, partnering with local Miami developer Prosper Group.

In a move that signals confidence in Miami’s high-end waterfront segment, Prosper Group has teamed up with European luxury developer Versluys Group to launch a major ultra-luxury residential tower on the Miami River. 

Developer Profiles & Market Implications

Prosper Group is a Miami-based firm focused on luxury waterfront and prime urban developments. The company has a pipeline with over $2.6 billion in value and more than 1,300 residential units.
Versluys Group, founded in Belgium in 1908, brings more than a century of luxury residential and resort experience across Europe. The company is known for combining high design standards with meticulous craftsmanship and is now making its U.S. debut.

Why this partnership matters:

• Combines U.S. market expertise with European luxury branding, boosting global investor appeal.

• Signals sustained international demand for prime Miami real estate.

• Represents a strategic entry for one of Europe's leading developers into one of the most dynamic U.S. property markets.

Project Details & Location Strategy

• The site spans three prime parcels in Miami’s Brickell financial district along the Miami River.

• The tower will rise 60 stories with 158 residences and more than 300 feet of river frontage.

• Delivery is targeted for 2028.

• The development offers direct access to Brickell City Centre’s retail and dining, proximity to I-95 and Miami International Airport, and convenient access to the Brightline rail.

• The location combines waterfront exclusivity with walkability and urban connectivity—two features that continue to drive value in Miami’s residential market.

Investment & Market Insight

• Despite broader economic cycles, Miami’s ultra-luxury waterfront market continues to attract strong capital inflows. This project reinforces investor confidence in that segment.

• Limited riverfront land in Brickell creates scarcity, supporting long-term price resilience for comparable assets.

• For brokers and landlords, this development points to continued strength in luxury demand, offering benchmark pricing and branding advantages.

• The entry of Versluys Group signals growing global participation in Miami’s real estate market, suggesting future collaboration opportunities between U.S. and European developers.

Waterfront Commitment 

For investors tracking Miami’s luxury residential pipeline, the $650 million Prosper-Versluys partnership represents another major commitment to the city’s waterfront. With its combination of international design pedigree, prime riverfront location, and high-end positioning, the project underscores Miami’s status as a global magnet for luxury investment and development.