$285 Million Loan Secured for East Edgewater Luxury Condo Tower

Developers Terra and One Thousand Group have successfully secured a $285 million construction loan for Villa Miami, a luxurious 56-story condominium tower currently under construction in East Edgewater. The tower, which will feature 70 exclusive residences, is the first project to bear the branding of Major Food Group, a renowned fine-dining company known for its upscale restaurants. The development is expected to redefine luxury living in Miami, combining high-end residential spaces with the culinary expertise of one of the most respected names in the restaurant industry.

Construction on Villa Miami began in December 2024, with an estimated completion date set for 2027. The project will feature full- and half-floor residences, each designed to offer panoramic, 360-degree views of Biscayne Bay and the Miami skyline. With prices starting at $5 million, the units range from 3,000 to 6,000 square feet, ensuring ample space and luxury for residents.
The financing for this ambitious project was provided by TYKO Capital, and the deal was arranged by Walker & Dunlop’s Keith Kurland and Jordan Casella. The loan reflects the growing demand for luxury real estate in Miami, particularly in the Edgewater district, which has seen rapid development in recent years.
"As branded residences continue to grow, they are redefining luxury by integrating the expertise of food and hospitality leaders like Major Food Group," said One Thousand Group Co-Founder Kevin Venger. “With its prime waterfront location, striking architecture, and unparalleled amenities, Villa Miami sets a new benchmark for artistry, innovation, and sophisticated living, cementing Miami’s status as a global design and lifestyle hub.”
Villa Miami will offer residents a range of luxury amenities, including world-class dining options, private pools, a state-of-the-art fitness center, and spa facilities. In addition to the stunning views, the building's striking architecture is designed to make a bold statement along the Miami skyline, enhancing the district’s appeal as a hotspot for affluent buyers.
The branded residences will be a part of the broader trend of integrating high-end living with top-tier culinary and hospitality experiences. As the demand for branded residences increases, the partnership between the developers and Major Food Group offers an exclusive lifestyle experience that blends residential comfort with exceptional dining options, setting the project apart from other luxury developments in the city.
With Miami continuing to establish itself as a hub for global design and a desirable location for luxury real estate, Villa Miami promises to be a game-changer in the luxury living sector, offering an unmatched combination of sophistication, style, and culinary excellence.
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