Two Roads Development has reached and funded a settlement with the remaining owners of Biscayne 21, ending years of litigation surrounding the waterfront condominium at 2121 North Bayshore Drive. The agreement gives the South Florida developer full control of the site and removes a major obstacle to its planned Edition Residences Miami Edgewater project.
Key takeaways
- The settlement resolves the remaining litigation involving Biscayne 21 owners.
- Two Roads says the agreement has been fully funded.
- The resolution clears the path for construction of a planned 55-story residential tower.
- Edition Residences Miami Edgewater is designed around luxury homes, privacy and hospitality-led services.
The settlement marks a significant turning point for the Edgewater property. Two Roads said it worked through Florida’s changing condominium termination laws and the judicial process to secure control of the site, which is currently occupied by Biscayne 21.
A major hurdle for the waterfront redevelopment
The legal dispute had created uncertainty around the future of one of Miami’s prominent bayfront redevelopment sites. By resolving the remaining claims, Two Roads can now move forward with its plans to replace the aging condominium property with a new branded residential development.
Taylor Collins, co-founder and managing principal of Two Roads Development, said the outcome demonstrates the company’s ability to manage complex challenges while protecting its long-term development plans. He also credited the firm’s team and partners for maintaining their commitment throughout the process.
Edition Residences planned for Edgewater
Edition Residences Miami Edgewater is planned as a 55-story luxury tower in one of Miami’s fastest-growing neighborhoods. Earlier plans for the property called for more than 800 linear feet of Biscayne Bay frontage, positioning the project as a major addition to the city’s branded-residence market.
The development is expected to emphasize private residential living supported by services associated with the Edition hospitality brand. Its program is intended to combine high-end residences with hospitality-inspired amenities and personalized services, although the developer has not announced a new construction schedule as part of the settlement update.
Two Roads continues broader expansion
Two Roads said it continued reaching milestones on projects in its wider national portfolio while the Biscayne 21 litigation was pending. Those developments include Four Seasons Private Residences Las Vegas, Pendry Residences Tampa, The Standard Residences Brickell and The Ocean Club, Four Seasons Residences in the Bahamas.
The company’s ability to advance those projects while pursuing the settlement underscores its stated strategy of expanding through luxury and branded residential developments. With control of the Edgewater site secured, attention can now shift toward approvals, construction planning and execution of Edition Residences Miami Edgewater.