Under ConstructionSpotlight

JEM Private Residences

Part of Miami Worldcenter →

JEM Private Residences is a 67-story luxury condominium tower rising within the Miami Worldcenter master development in Downtown Miami, developed by New York's Naftali Group.

Official Website
04.24
Start
2027
Completion
273
Units
67
Floors
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Details

1016 NE 2nd Avenue, Miami. 67 floors and 273 residences. Broke ground April 2024, completing Q4 2027. Financed with $465M in November 2025.

The story so far
Announced Sep 17, 2023
oftmw.com
Sales launched Oct 17, 2023Naftali Group launched condo sales for JEM in Miami Worldcenter (official), 2023-10-17
oftmw.com
Broke ground Apr 2024Construction started Apr 2024 (groundbreaking logged); in Miami Worldcenter; completion Q4 2027 — Commercial Observer/Florida YIMBY
oftmw.com
Financing secured Nov 25, 2025$465M construction financing closed Nov 25, 2025 ($235M C-PACE Nuveen + $230M BHI) — largest C-PACE multifamily in FL — TRD/Commercial Observer/CoStar
oftmw.com
Topped out Feb 2026Podium topped off at 11th floor (Naftali), PROFILEmiami, Feb 2026; tower now rising above podium
oftmw.com
Going vertical Feb 18, 2026Naftali Group topped off the 11th-floor podium at JEM, shifting the 67-story tower into full vertical construction above Miami Worldcenter
oftmw.com
Tenant announced Apr 15, 2026Naftali signed ITO•Kaya and SunLife Organics to JEM's ground-floor retail at Miami Worldcenter
oftmw.com
Expected opening Q4 2027
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 21, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

The outlook for JEM Private Residences

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The Miami market 85-project pipelineMiami Worldcenter 32,648 residences and keys across the projects in our database Explore the market →
Projected pricing $•,•••/sfFull projectionProjection →
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About the project

JEM Private Residences is a 67-story luxury condominium tower rising within the Miami Worldcenter master development in Downtown Miami, developed by New York's Naftali Group. Designed by Arquitectonica with interiors by Rockwell Group, landscape by EDSA, and a crown collection of Sky Villas featuring interiors by FENDI Casa, the tower delivers 273 condominium residences, studios to four-bedrooms, positioned from the 43rd floor upward to capture skyline, Biscayne Bay, and Atlantic Ocean views, above a base of rental residences and ground-floor retail. Coastal Construction is the general contractor.

Companies and contacts

Every firm on JEM Private Residences, the office nearest it, and the people who work on it.

TMW Intelligence
Projected pricing at delivery
JEM Private Residences
Miami · Coming Q4 2027 · Residences
TMW Projection
$1,850 / sq ft at delivery
Projected band $1,600 – $2,100 — modeled from 6 comparable launches nearby.
Sales launchTodayDelivery Q4 2027
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
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Scenario outlook
JEM Private Residences
Miami · Coming Q4 2027 · Residences
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.

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Journal coverage
Miami · Apr 13Miami lands two new dining and wellness concepts at JEM Private Residences
Common questions

Frequently asked

Where is JEM Private Residences located?

JEM Private Residences is located in Miami, part of Miami Worldcenter.

When will JEM Private Residences be completed?

JEM Private Residences is under construction, with completion expected in Q4 2027.

Who is developing JEM Private Residences?

Naftali Group is the developer behind JEM Private Residences.

Who designed JEM Private Residences?

JEM Private Residences was designed by Arquitectonica, with interiors by Rockwell Group.

How big is JEM Private Residences?

JEM Private Residences rises 67 stories with 273 residences.