Naftali Group launched Miami Art Week with a spectacular unveiling of "JEM in the Sky" at the JEM Private Residences sales gallery. This exclusive event, held on December 2nd, offered guests a first look at the impressive installation before it ascended into the city’s skyline, marking a significant highlight of the week’s cultural festivities.
Key Takeaways
- The "JEM in the Sky" installation served as a preview of the luxury living experience offered by JEM Private Residences.
- The residential tower, developed by Naftali Group, is set to become a prominent landmark in downtown Miami.
- Construction is progressing rapidly, with completion anticipated in Q4 2027.
A Dazzling Debut
Naftali Group orchestrated an exclusive Art Basel preview on Tuesday, December 2nd, at the JEM Private Residences sales gallery within Miami Worldcenter. The event showcased the "JEM in the Sky" installation, offering attendees cocktails and hors d’oeuvres. As night fell, the installation was lifted into the skyline, symbolizing Miami’s newest "Jewel in the Sky" and providing a memorable moment during Miami Art Week. The installation remained on display nightly from December 2nd to December 7th, allowing both residents and visitors to engage with the illuminated landmark.
JEM Private Residences: A New Downtown Icon
Developed by Naftali Group, JEM Private Residences is poised to be a signature development in downtown Miami, located within the Miami Worldcenter. The towering structure will reach over 700 feet across 67 stories, designed by a world-class team including Miami-based Arquitectonica and the internationally acclaimed Rockwell Group. Offering residences from studios to four-bedrooms, starting from the 43rd floor, the development promises unparalleled city views and a new standard for luxury living in South Florida.
Luxury Amenities and Design
Perched on the 50th floor, JEM Private Residences boasts an extensive array of amenities. These include a 60-foot outdoor pool, an indoor Sky Lounge, a cutting-edge fitness center with a boxing arena and yoga patio, a spa suite featuring steam, salt, and sauna rooms, a co-working space, and a spirits tasting room. The development’s most exclusive offering is the JEM Sky Villas with Interiors by FENDI Casa, a collection of luxury penthouses adorned with signature FENDI Casa furnishings and designs.
Construction and Market Momentum
Construction for JEM Private Residences is well underway, having broken ground in April 2024. This rapid progress, occurring less than six months after the project’s market introduction, is noteworthy in the Miami real estate landscape. The strong sales momentum, highlighted by a recent $8 million sale of a Sky Villa with FENDI Casa interiors, underscores Naftali Group’s reputation and confidence in delivering high-quality residential projects. The building is currently rising past its sixth level and is on schedule for completion in the fourth quarter of 2027.
Expanding Footprint in South Florida
Naftali Group is also extending its presence beyond Miami with the Viceroy Residences Fort Lauderdale. Situated between Las Olas Boulevard and Flagler Village, this marks the first Viceroy-branded luxury condominium in Fort Lauderdale. The project aims to redefine the South Florida residential market with its hospitality-driven approach, offering luxury residences and over 30,000 square feet of amenities and bespoke services, creating an urban oasis that sets a new benchmark for luxury living.