Sales have officially launched for The William in North Miami Beach, a 25-story condo tower planned by Blue Road Development and Illia Development Group. The project, which is targeting a groundbreaking in the middle of next year, will deliver 374 residences and marks Blue Road’s second condo venture in the city, following the topping out of Nexo Residences.
The William is planned on a 1.1-acre site that the development team purchased in late 2022 for $7.5 million. Positioned as one of the first high-rise projects in the neighborhood, it is being marketed by Fortune International Real Estate, with EB-5 investment expected to play a role in funding the development.
Units will range from studio, one-, two-, and three-bedroom layouts. According to The Real Deal, sizes will span from 552 SF studios to 1,412 SF three-bedroom condos. What stands out in the permitting documents is the unit mix: of the 374 residences, 30 are categorized as lodging units. The reason for this designation remains unclear, as the developer has stated the project will operate as long-term residences rather than short-term rentals.
The building will include a plethora of amenities for residents, including a fitness center, coworking lounge, self-serve market, indoor lounge, kids’ playroom, outdoor bar and terrace, and much more. In fact, over 40,000 SF of the building is dedicated towards amenity use.
In addition, the ground floor will feature 4,526 SF of retail space, along with a residential lobby and parking access. The project’s podium will span several levels, providing a total of 448 parking spaces reserved for both residents and retail patrons.
Designed by Behar Font and Carlos Ott, the most recent plans submitted to the city show the tower rising 25 stories, reaching a height of roughly 270 FT. This represents a modest increase compared to the original submission, which features a 23-story building designed by Bermello Ajamil & Partners. The updated design incorporates a modern facade with wood paneling, glass balconies, and stucco finishes, giving the project a contemporary look.
Because the development was only recently approved by North Miami Beach staff, the next step will involve clearing the site. This will require demolition of the existing low-rise structure as well as removal of the surface parking lots currently occupying the property.