Prosper Group and Belgium-based Versluys Group have completed a $50 million acquisition of a one-acre, three-parcel waterfront assemblage in Brickell. The transaction clears a major hurdle for their planned $650 million luxury residential tower, which is expected to rise 60 stories along the Miami River with 181 residences and more than 300 feet of river frontage.
Key takeaways
The closing advances a major new luxury project in Miami’s urban core. Key points include:
- The joint venture acquired the assemblage for $50 million.
- The site includes properties at 66 SW 6th Street and 625 SW 1st Avenue, plus an unaddressed riverfront parcel formerly associated with 99 SW 7th Street.
- Miami-based Vaster supplied a $30.5 million acquisition loan.
- The planned tower is projected to include 181 residences across 60 stories.
- Versluys Group’s participation marks its entry into the U.S. market.
A strategic Brickell waterfront acquisition
The assemblage was acquired off-market from Two Roads Development and Newgard Development Group. Combining the three parcels creates an approximately one-acre development site in one of Miami’s most established high-rise districts and secures direct frontage on the Miami River.
The closing follows the developers’ partnership announcement in October 2025. Jay Roberts, CEO of Prosper Group, said the transaction brings the partners closer to realizing their vision and credited Vaster with supporting a smooth acquisition process.
Planned luxury tower takes shape
The proposed development is designed as an ultra-luxury residential tower with 181 homes. While additional project details have not yet been released, the scale of the plan—60 stories and more than 300 feet of river frontage—positions it as a prominent addition to Brickell’s waterfront skyline.
For Versluys Group, the project represents a significant expansion beyond Europe. CEO Bart Versluys said the company intends to bring its heritage of coastal development and craftsmanship to Miami while combining European design sensibilities with the ambition of the local market.
Connectivity to Brickell and South Florida
The site’s location places residents near Brickell City Centre’s restaurants, shops and entertainment venues. Its riverfront position also provides access to Biscayne Bay and Miami’s wider boating network.
The development is additionally positioned near Interstate 95, Miami International Airport and Brightline, offering connections throughout South Florida and to destinations beyond the region. Those transportation links, together with Brickell’s concentration of offices and amenities, remain central to the appeal of new luxury residential projects in the district.
What comes next
With the land purchase completed, Prosper Group and Versluys Group can move forward with planning and development preparations for the tower. The partners have indicated that more information about the project will be unveiled later, including further details on the residences and design.
The acquisition adds another high-profile proposal to Miami’s active pipeline of riverfront and Brickell developments, while giving Versluys Group a foothold in the city’s competitive luxury residential market.