Naftali Group has achieved a significant construction milestone at JEM Private Residences, located within the vibrant Miami Worldcenter. The topping off of the podium level, marking the completion of the 11th floor, signifies a crucial advancement in the vertical construction of this 67-story luxury residential tower. This development underscores the rapid progress and strong investor confidence in the downtown Miami area.
Key Takeaways
- The podium level completion signifies the transition from the building’s foundation and parking levels to the residential tower.
- Construction is progressing rapidly, with completion anticipated in Q4 2027.
- The project has secured substantial financing and experienced strong buyer demand.
Construction Milestone Achieved
The topping off of the podium level at JEM Private Residences represents the completion of the 11th floor, a pivotal moment in the construction of the 67-story luxury tower. This achievement means the structure is now moving beyond its foundational and parking elements into the main residential sections. With the lobby, retail spaces, and parking garage already complete, the tower is steadily advancing towards its full height.
Project Momentum and Financing
Naftali Group’s Chairman and CEO, Miki Naftali, expressed confidence in the project and the growth of Miami Worldcenter. "This milestone speaks to our confidence behind JEM Private Residences and the incredible overall development and growth in Miami Worldcenter," he stated. The project broke ground in April 2024 and has maintained an impressive pace, fueled by strong buyer interest, including an $8 million sale of a Sky Villa. The development also secured $465 million in construction financing in 2025, demonstrating robust institutional backing.
Luxury Residences and Design
Designed by Arquitectonica with interiors by Rockwell Group and landscape architecture by EDSA, JEM Private Residences will offer 273 luxury condominium units. These range from studios to four-bedroom layouts, including a limited collection of Sky Villas featuring interiors by FENDI Casa. Notably, residences begin on the 43rd floor to maximize panoramic views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean. The sales gallery is open daily at 110 NE 10th Street within Miami Worldcenter.