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Plans Unveiled for Downtown Miami High-Rise Residential Project 

| SFBW Staff

Plans are underway to bring a Class-A luxury rental residential tower to downtown Miami’s Park West district. Eden Multifamily, a South Florida developer, is partnering with a multifamily developer and investor, The Dermot Company, to develop a 44-story, 430-unit high-rise designed by the award-winning architect Kobi Karp. Construction is expected to begin in 2024 at 1018 N. Miami Ave. The location is adjacent to the Miami World Center district and provides convenient access to the Brightline Train Station, which runs from Miami to West Palm Beach and soon to Orlando.

“We are proud to partner with EDEN on this residence that will transform the downtown Miami skyline,” Dermot CEO Stephen Benjamin says. “As we continue to build our portfolio in South Florida, aligning ourselves with such a respected and like-minded developer in the local market was a natural next step for us, and co-founders Jay Jacobson and Jay Massirman have one of the most impeccable records in the business.”   

The building will feature 8,000 square feet of retail space on the tower’s ground floor and more than 25,000 square feet of indoor and outdoor amenity space, including a luxurious pool, fitness center, health-and-wellness areas, club rooms, coworking spaces and much more. The project will be designed, constructed, and operated to the latest ESG investment principles and standards for commercial real estate for resiliency and environmental certification. 

“We are thrilled to team up with a best-in-class national partner like Dermot and help address the intense demand for luxury rentals in Miami’s urban core,” EDEN Co-Founder Jay Jacobson says. “With this project, we aim to set the gold standard for multifamily high-rise quality and design in the downtown area.” 

Greenberg Traurig represents the joint venture in the land-use process. Jordan Karp LLC brokered the pending acquisition of the project site. 

The project was presented to the City of Miami’s Urban Development Review Board at its April 19 meeting. 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.