December 2025 - Snapshot of Miami's New Development & Pre-Construction Condo Scene

As winter creeps in up north and high-earning buyers continue to look for both lifestyle and stability, Miami's new development market is staying busy. December brought a mix of brand-new sales launches, progress on under-construction towers, and several headline-worthy site and legal developments that will shape future inventory.

From ultra-luxury oceanfront in North Beach and Fisher Island to more "attainable" short-term-rental plays in Downtown and Wynwood, the pipeline spans almost every buyer profile.

Below is a curated overview of what moved in December 2025.

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Market Snapshot - December 2025

Notable sales launches

• Ocean Terrace (North Beach) – RAMSA-designed, ultra-luxury oceanfront condos and condo-hotel.
• Colette Residences (Brickell) – Boutique 5-story building in South Brickell.
• The George (Coral Gables) – 13 high-end townhomes on Valencia Avenue.
• Centralis Residences Miami (Downtown) – Newly converted condo from a 2023 rental building.
• Villa Sofia Residences (South of Fifth, South Beach) – Boutique, STR-friendly building with no rental restrictions.

Sales galleries now open

• The William (North Miami Beach) – Strictly residential, no short-term rentals, EB-5 friendly.
• Cora (Coral Gables) – Wellness-driven condo with WELL certification focus.

EB-5 offerings

• River District 14 (Miami River) – Short-term-rental-friendly tower now open to EB-5 investors.

Construction milestones

• One W12 / One West Twelve Residences (Downtown) – Broke ground, roughly 97% pre-sold.
• 600 Miami Worldcenter (Downtown) – Topped off; fully sold out.
• Cipriani Residences Miami (Brickell) – Construction has passed the midway point and is moving quickly.
• Okan Tower (Downtown) – About halfway to its planned final height.
• The Residences at 1428 Brickell (Brickell) – Foundation pour completed; going vertical.

Major approvals & proposals

• 47-story mixed-use tower in Edgewater by a Tulip-led group.
• Midtown Park Residences by Proper – First condo tower in a "Midtown within Midtown" master plan.
• Ritz-Carlton–branded condos planned for North Bay Village.
• New luxury condo concepts planned for Brickell, Fisher Island, and Miami River.
• Siro Brickell – Fitness-centric condo-hotel concept backed by Kerzner International.

On the watchlist

• Former Rosewood (Raleigh) Residences site sale in South Beach.
• Stalled condo plans in North Miami due to a financing dispute.
• A key legal ruling impacting the Edition Residences / Biscayne 21 buyout and similar condo terminations.
• Multiple land and redevelopment opportunities in Coconut Grove, North Miami Beach, and North Bay Village.

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New Sales Launches

Ocean Terrace - North Beach

Groundbreaking: 2026 | Estimated completion: 2029

Ocean Terrace is a major reimagining of a historic oceanfront block in North Beach. Led by Ocean Terrace Holdings and Witkoff Group, the project blends preservation and new construction. A 20-story condo tower will offer about 52 private residences plus 24 condo-hotel units, with interiors by Robert A.M. Stern Architects. A separate 11-story building will include approximately 42 hotel keys.

Core highlights include:

• Large residences (roughly 1,700–3,700+ sq ft).
• Multiple pools, including a sunrise lap pool and sunset pool with cabanas.
• Private club and beach club concepts.
• Fitness center, lounges, tea room, library, and curated ground-floor retail.

Owners also benefit from direct ocean frontage (about 350 feet) and immediate access to a newly completed 5-acre public park by landscape architect Raymond Jungles, featuring an art installation by artist Prune Nourry.

Pricing: From approximately $6.3M for one-plus-den through four-bedroom residences.

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Colette Residences - South Brickell

Groundbreaking: TBD | Completion target: mid-2028

Colette Residences is designed for buyers who like Brickell's location but prefer an intimate, low-rise feel. The 5-story building will have just 38 residences, each starting around 2,145 sq ft, with two- to four-bedroom layouts, private storage, and 2–3 covered parking spaces per residence with EV charging.

Key amenities include:

• Rooftop pool and expansive sun deck.
• Wellness spa with jacuzzi and steam room.
• Children's playroom, screening room, and meeting space.
• Lush landscaping and warm, contemporary finishes.

The developer also plans to donate approximately $10,000 per residence sold to the nonprofit Friendship Circle of Miami.

Pricing: From roughly $3.3M.

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The George - Coral Gables

Groundbreaking: December 2025 | Completion target: Q2 2027

The George introduces a very limited collection of 13 townhomes to Coral Gables at 717 Valencia Avenue. These villa-style homes are large—around 5,000 sq ft each—and lean into Mediterranean architecture with modern upgrades.

Expect features such as:

• High ceilings, French doors, and Italian millwork.
• Marble countertops and premium appliance packages (Sub-Zero, Wolf).
• Private courtyards, loggias, and summer kitchens.
• Four-car garages with EV charging, private elevator, and sculptural staircase with skylight.
• Generator-ready systems and smart home integration.

Pricing: Contact for details.

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Centralis Residences Miami - Downtown

Conversion completed: 2025 | Move-ins: Immediate

Originally built in 2023 as a rental building, Centralis has been converted into for-sale condos. Located at 121 NE 34th Street in the Edgewater/Arts & Entertainment District, the building offers immediate occupancy and a relatively accessible price point for Downtown Miami.

Features include:

• Studios through two-bedroom layouts.
• Rooftop pool, fitness center, co-working lounge.
• Pet-friendly with dog park.
• Walking distance to Wynwood, Design District, and Midtown.

Pricing: Starting in the mid-$400Ks for studios.

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Villa Sofia Residences - South of Fifth, South Beach

Groundbreaking: TBD | Completion target: TBD

Villa Sofia is a boutique condo building planned for South of Fifth with a focus on flexibility. The project will have no rental restrictions, making it one of the few new short-term-rental-friendly buildings in South Beach.

Key details:

• Small, intimate building scale.
• Premium finishes and designer interiors.
• Rooftop amenities and direct beach access.
• Ideal for investors and second-home buyers.

Pricing: TBD

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Conclusion

December 2025 showed continued momentum in Miami's pre-construction and new development market. From ultra-luxury oceanfront towers to boutique, STR-friendly buildings, the pipeline offers options across price points and buyer profiles. As construction progresses on dozens of towers and new projects launch sales, the Miami condo market remains one of the most active and diverse in the country.