Mar 25, 2026
Witkoff Unveils New Ocean Terrace Renderings in Miami Beach
Traded Media
Traded Editorial
- Witkoff reveals updated plans for oceanfront project
- Mixed-use development with luxury residences and a hotel component
- Located along the North Beach waterfront
What the project means for the Miami Beach luxury pipeline
What the program mix means for positioning
Ocean Terrace will include 52 private condominium residences and a separate tower with 24 resort-style units. The project also incorporates a boutique hotel component and curated retail spaces designed to activate the streetscape. This layered mix of residential, hospitality, and retail uses positions the development as a full-service lifestyle destination.
What amenities signal for ultra luxury demand
The project will feature over 18,000 square feet of interior amenities and approximately 50,000 square feet of outdoor spaces. Offerings include multiple pools, fitness facilities, lounges, and landscaped gathering areas designed to emphasize both privacy and social interaction. These features align with rising expectations for branded, resort-style living environments.
What this means for Miami Beach development trends
Ocean Terrace reflects continued investment in high-end, mixed-use developments along Miami Beach’s waterfront. With pricing starting above $6 million and completion targeted for 2029, the project underscores sustained demand for luxury coastal real estate.