A major construction milestone on the Miami River advances a large two-tower project whose architecture, interiors, landscape, and cultural-club program will reshape a prominent waterfront site.
24 SW Fourth Street, Miami, Florida, United States
About this story
Florida Construction News reports that Fortune International Group and KAR Properties announced the start of construction on Faena Residences Miami after financing arranged through Tyko Capital closed. The planned development comprises two 68-story towers, approximately 802 feet tall, with 434 condominium units. Rafael Viñoly Architects is credited with building design; Bryan O’Sullivan Studio and Faena Design Studio with interiors; Sasaki with landscape architecture; and Coastal Construction as general contractor. A three-story, approximately 45,000-square-foot skybridge is planned to connect the towers and house Faena Rose, a private cultural and social club. The report describes additional amenities including a pool, spa, fitness center, restaurant, theater, library, screening room, and private marina.
Status and timeline
Construction reported to have started November 4, 2026, following the closing of an $817 million construction loan. The article gives no completion date.
Design highlights
Two riverfront residential towers connected by a substantial elevated cultural and social club; the development is described as an anchor for a larger planned Faena District along the Miami River.
