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Miami’s Migration Boom Cools as Rising Costs Push Buyers Elsewhere

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Florida Real Estate Market

Villa Miami Soars: Waterfront Edgewater Tower Reaches 37th Floor Milestone

May 26, 2026
Waterfront skyscraper reaches 37th floor milestone.
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Construction on the highly anticipated Villa Miami, a luxury branded residential tower by Terra, One Thousand Group, and Major Food Group, has reached a significant milestone, with the structure now standing 37 floors above Biscayne Bay. This achievement marks continued progress on the 56-story, 650-foot landmark poised to redefine Edgewater’s luxury landscape.

Key Takeaways

  • Villa Miami has reached the 37th floor, signifying substantial construction progress.
  • The 56-story tower features interiors by Vicky Charles and architecture by ODP Architects.
  • Set for completion in late 2027, it offers 70 exclusive half- and full-floor residences.
  • The project has attracted global high-net-worth buyers.
  • It represents Major Food Group’s first branded residential tower.

Edgewater’s Ascendancy

Villa Miami is rising in Edgewater, a neighborhood rapidly transforming into one of Miami’s premier luxury residential districts. Once an underutilized waterfront area, Edgewater is now experiencing a surge in development, attracting upscale residential towers, cultural venues, and acclaimed dining establishments. Residents benefit from proximity to key lifestyle destinations like the Design District, Wynwood, and Midtown, as well as cultural institutions such as the ICA, Adrienne Arsht Center, and PAMM.

Global Appeal and Exclusive Amenities

The development has already garnered significant interest from a diverse international clientele, including professional athletes, CEOs, finance executives, and tech innovators from North America, Latin America, and Europe. Villa Miami is notable as Major Food Group’s inaugural branded residential tower. The renowned hospitality group has meticulously shaped the resident experience, integrating culinary programming and interior design sensibilities. A central feature is The Copper Club, a three-level private amenity suite offering dining rooms, lounges, a screening room, a salon, wellness facilities, and a rooftop helipad. Additionally, a ground-floor waterfront restaurant by Major Food Group will provide residents with exclusive access and priority seating.

A Collaborative Vision

This project represents the first collaboration between Terra and One Thousand Group, two prominent Miami development firms. Their combined portfolios boast significant contributions to the region’s architectural landscape, including projects designed by renowned architects such as Renzo Piano, Rem Koolhaas/OMA, Bjarke Ingels, and Zaha Hadid. The 56-story, 650-foot tower, designed with interiors by AD100 designer Vicky Charles and architecture by ODP Architects, is slated for completion in late 2027. It will comprise only 70 half- and full-floor residences, each promising panoramic views of Biscayne Bay.

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