Well that was fast. With a record-breaking short timeframe of pre-marketing their new 67-story development in Miami Worldcenter, Naftali Group has gone to contract and broken ground on JEM Private Residences.
The building will top off at 67 stories, 700 feet over Downtown Miami and offer 789 total units. Of those, 259 condominium units will be located on the upper levels and 530 rental apartments will make up the lower floors. On the street level, the development will have commercial space and 591 parking spaces.
It is commonplace for projects of this magnitude to begin pre-marketing and steadily release renderings with staggered price increases for a year or more before touching the actual dirt, but JEM Private Residences is doing it differently.
At JEM Miami Worldcenter, the reservation phase was completed in just a few weeks, with contracts being delivered on March 13. The sales have been so swift they have been able to maneuver the permitting process and head straight to the construction phase in just 5 months!
Rendering of JEM Miami Worldcenter Pool
Now that the dirt is moving, the project will undergo a more typical timeline. Naftali Group is known for keeping to strict timelines and quality standards, ensuring the quality of every investment they build. Construction is scheduled to continue into 2027.
JEM Private Residence’s Location
The project is being constructed at 1016 NE 2nd Avenue in Downtown Miami, making it not just part of the expansive Miami Worldcenter Project, it is also a stone’s throw to both Maurice A. Ferre Park as well as the brand new Underdeck Project being built under the I395 overpass that links Downtown Miami to Miami Beach.
Rendering of Downtown Miami Underdeck Park
About The Residences
In the condo residences, buyers can expect a seamless indoor/outdoor living experience in a tower designed to from the inspiration of the ocean’s waves. The elegant interiors are meticulously crafted from the bespoke millwork cabintery and integrated appliance suites to the Calcutta stone countertops and backsplashes.
On the 50th floor, the apartment and condo portions of the tower are separated by a 50th-floor amenity suite that boasts a Sky Lounge, 60-foot outdoor pool with a custom designed sculpture, the wellness center and business center as well as the social areas.
Rendering of JEM Miami Worldcenter Living Room Terrace
The wellness center also embraces the indoor/outdoor lifestyle Miamians enjoy with outdoor yoga and boxing studios and a fitness center with inspiring city and water views. The spa adds a relaxing himalayan salt room as well as hammam and treatment rooms.
More social residents will enjoy the glass-enclosed private dining room, a game room and spirits lounge.
Rendering of JEM Miami Worldcenter Spa Garden
Rendering of JEM Miami Worldcenter Himalayan Salt Room
Rendering of JEM Miami Worldcenter Jacuzzi
Record-Breaking Groundbreaking
The memorable groundbreaking celebration took place at the construction site, which is adjacent to JEM Private Residence’s preview gallery. Guests enjoyed craft cocktails and champagne toasts with passed hors d’oevres while they reviewed the latest details of the project. The development team was on hand to answer questions as well as Miami Commissioner Christine King, Bernardo Fort-Brescia, the F0unding Principal of Arquitectonica, and David Rockwell of Rockwell Group.
“Naftali Group is proud to reach the groundbreaking milestone for JEM Private Residences in a record timeframe for Miami,” said Miki Naftali, Chairman and CEO of Naftali Group via a statement. “Miami Worldcenter is one of the only true walkable neighborhoods in the region, allowing residents to effortlessly access premier dining, entertainment and leisure activities that contribute to the vibrant energy Miami is known for. We believe JEM Private Residences will redefine luxury living and become an integral part of the fabric of Miami’s evolving landscape, offering residents an unparalleled lifestyle experience in an incredible location.”
Purchase opportunities are priced from $600,000 for studios up to $2 million+ for three bedroom residences. Penthouses will be released at a later date.
Scroll down for photos from the event.
If you are interested in a private presentation of the project, with specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Images Credit: JEM Private Residences/Naftali Group
JEM Private Residences Miami Worldcenter Groundbreaking – Hard Hats And Stage Set
JEM Private Residences Miami Worldcenter Groundbreaking – The JEM Team With Shovels
JEM Private Residences Miami Worldcenter Groundbreaking Celebration
JEM Private Residences Miami Worldcenter Groundbreaking – The JEM Residences’ Team
JEM Private Residences Miami Worldcenter Groundbreaking – Refreshment Cart
JEM Private Residences Miami Worldcenter Groundbreaking – Photo Backdrop
JEM Miami Worldcenter Groundbreaking
