Announced

Jean-Georges Miami Tropic Residences

Jean-Georges Miami Tropic Residences is a 49-story, 338-residence luxury condominium tower rising at 3501 NE 1st Avenue in Midtown Miami, on the doorstep of the Miami Design District.

Official Website
View on map
~2029
Completion
338
Units
49
Floors
Scroll for details
Details

3501 NE 1st Avenue, Miami. 49 floors and 338 residences. Targeting 2029. Financed with $30M from Metropolitan Commercial Bank in June 2023.

The story so far
Announced 2023 est.STATUS LOOKS OVER-STATED — needs a human call. The record reads \"construction\" but its own start_date is 2026-12, i.e. still in the future as of Aug 12 2026, and I found no credible report of a groundbreaking. Coverage is pre-construction/sales-stage only (Terra's project page, buyer payment schedules quoting \"10% at groundbreaking\"). Delivery dates also conflict across sources: 2028 (Terra/TRD sponsored), 2029 (our record), 2030 (ManhattanMiami listing) — none corroborated well enough to write. Per the ontology a project marked construction with a future start date and no groundbreaking evidence demotes BACKWARD to announced, never to coming-soon. Filing as a proposal rather than applying correction:true because the evidence is absence-of-coverage, not a positive source. Also worth confirming the delivery date while reviewing.
terragroup.com
Financing secured Jun 2023Site acquired with $30M loan: Terra and Lion paid $40M for the 1.6-acre site at 3501 NE 1st Ave from Midtown Development, financed by Metropolitan Commercial Bank (Commercial Observer; Florida YIMBY)
commercialobserver.com
Sales launched Oct 22, 2024Sales launched: Terra and Lion Development Group opened sales on the Jean-Georges-branded tower.
profilemiami.com
F1 driver Pierre Gasly buys in Feb 2026Gasly signed a contract for a 3,712 sq ft four-bedroom sky home with a 1,163 sq ft terrace at $4.9M; developer's Feb 2026 release puts the tower at 49 stories and 338 residences (updated from the 48-story, 329-unit launch program).
miamitropic.com
Namesake chef buys in Jul 2026Jean-Georges Vongerichten signed a contract for a roughly 2,300 sq ft three-bedroom corner residence listed at $3.49M in the tower (Robb Report)
robbreport.com
Expected groundbreaking Dec 2026 est.
Expected opening 2029 est.
Unlock 5 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 17, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

The outlook for Jean-Georges Miami Tropic Residences

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

The Miami market 85-project pipelineDesign District 32,648 residences and keys across the projects in our database Explore the market →
Projected pricing $•,•••/sfFull projectionProjection →
Pro tools
Compare projectsSide by side with any projectAnalyze the marketPricing and timing
About the project

Jean-Georges Miami Tropic Residences is a 49-story, 338-residence luxury condominium tower rising at 3501 NE 1st Avenue in Midtown Miami, on the doorstep of the Miami Design District. Developed by Terra and Lion Development Group and designed by Arquitectonica with interiors by Yabu Pushelberg and landscape architecture by CLAD, the tower is chef Jean-Georges Vongerichten's first residential project, pairing his culinary programming, including a private residents' restaurant on the pool level, with more than 80,000 square feet of indoor and outdoor amenities across five floors and 27,500 square feet of ground-floor retail.

Companies and contacts

Every firm on Jean-Georges Miami Tropic Residences, the office nearest it, and the people who work on it.

TMW Intelligence
Projected pricing at delivery
Jean-Georges Miami Tropic Residences
Miami · Coming Q4 2029 · Mixed-Use
TMW Projection
$1,850 / sq ft at delivery
Projected band $1,600 – $2,100 — modeled from 6 comparable launches nearby.
Sales launchTodayDelivery Q4 2029
Projected median
Confidence band
Today

Comparable set — basis for projection

Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Confidence: High · 6 comps · projections are modeled estimates, never listings
Pro · TMW Intelligence

Projection values are Pro

The model, comps and band unlock instantly.

Unlock with Pro
Scenario outlook
Jean-Georges Miami Tropic Residences
Miami · Coming Q4 2029 · Mixed-Use
TMW Projection
Projected price / sq ft
$1,850
at delivery, base case
Sell-out timeline
18months
from sales launch to final close
Absorption pace
4.5units / mo
modeled from the comp set

Scenario assumptions

Fed rate pathGradual cuts
Luxury demandSteady
Comp appreciation+6% / yr
Scenarios recompute against the submarket comp set · directional, not guaranteed
Pro · Scenario outlook

Scenario values are Pro

Bear, base and bull: price, sell-out and pace for each case.

Unlock with Pro
Within 2 miles
Frida Kahlo Wynwood Residences
0.7 mi · Wynwood · 2029
Announced
JEM Private Residences
2.0 mi · Miami Worldcenter · Q4 2027
Under Construction
Delano Residences Miami
2.4 mi · Downtown · 2031
Announced
Sweetbird North
< 0.1 mi · Design District · 2028
Under Construction
Fouquet’s Hotel and Residences, Miami Design District
< 0.1 mi · Design District · 2030
Announced
MIRAI Design District
0.2 mi · Design District · 2028
Under Construction
The Ursa
0.2 mi · Design District · 2029
Announced
Kempinski Residences Miami Design District
0.3 mi · Design District · Q4 2029
Announced
Anantara Miami Resort & Residences
0.3 mi · Edgewater · 2030
Announced
ELLE Residences
0.4 mi · Edgewater · 2028
Announced
View all Miami projects
Common questions

Frequently asked

Where is Jean-Georges Miami Tropic Residences located?

Jean-Georges Miami Tropic Residences is located in Miami.

When will Jean-Georges Miami Tropic Residences be built?

Jean-Georges Miami Tropic Residences is an announced development that has not yet started construction, targeting completion in 2029 (a TMW estimate).

Who is developing Jean-Georges Miami Tropic Residences?

Terra, Lion Development Group is the developer behind Jean-Georges Miami Tropic Residences.

Who designed Jean-Georges Miami Tropic Residences?

Jean-Georges Miami Tropic Residences was designed by Arquitectonica, with interiors by Yabu Pushelberg.

How big is Jean-Georges Miami Tropic Residences?

Jean-Georges Miami Tropic Residences rises 49 stories with 338 residences.