Announced

1250 West Avenue

Name: 1250 West Avenue
Address: Miami Beach

View on map

~2030

Completion

106

Units

Floors

Scroll for details

Details

1250 West Avenue, Miami Beach. 28 floors and 106 residences. Targeting 2030. Financed with $507M from Tyko Capital in October 2026.

The story so far

Announced Sep 2025Terra, JDS, Rafi Gibly and Gianluca Vacchi unveiled plans to replace the 1964 Bay Garden Manor with a ~100-unit, 330-foot luxury condo tower on Biscayne Bay after buying out 95%+ of units (REBusiness); sharpens the 2026-03 announcement entry

rebusinessonline.com

Sales launched May 15, 2026Miami Beach DRB approved the 28-story tower May 2026 per TRD. Backfill address; completion ~2030. Stays Announced.

therealdeal.com

Design Review Board approves May 15, 2026Miami Beach unanimously signed off on the 330-foot, 106-residence bayfront tower, a tear-down replacing the 15-story, 238-unit condominium built on the site in 1964

therealdeal.com

Financing secured Oct 2026Terra-led team lands $507M construction loan from Tyko Capital per Commercial Observer, Oct 2026

commercialobserver.com

Expected opening 2030 est.

Unlock 3 more dated milestonesGo Pro

Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.

TMW IntelligenceVerified Oct 22, 2026

AnnouncedBreaking GroundConstructionOpening SoonNow Open

TMW Intelligence

The outlook for 1250 West Avenue

Timing and similar projects, read from every development in our database.

The Miami Beach market 22-project pipelineSouth Beach 2,997 residences and keys across the projects in our database Explore the market →

Pro tools

Compare projectsSide by side with any project Analyze the marketPricing and timing

About the project

1250 West Avenue is a 28-story waterfront condominium on Biscayne Bay in Miami Beach's South Beach, developed by Terra with RG Development Group, GV Development and LORE Development and backed by a $507 million construction loan from TYKO Capital. The tower holds 106 residences, including two penthouses with private rooftop pools, with ground-level and rooftop pools, a spa, a padel court, indoor and outdoor living spaces, ground-floor retail, underground parking and tropical landscaping, plus proposed Baywalk enhancements that would expand public access to the waterfront.