Game-Changing Luxury Tower to Rise in One of Miami’s Last Prime Urban Parcels

A new chapter in Miami’s urban evolution is about to begin, as plans move forward for a luxury mixed-use tower near the Signature Bridge.

The project is being spearheaded by SF QOZ Fund I, LLC, led by David Cohen and Liam Krahe, who recently acquired the development site in an off-market deal for $20.9 million. The transaction closed on May 30 and includes a 35,544-square-foot property located across from a Metromover station—an ideal location in Miami’s urban core.

Construction is set to begin in early 2026, with immediate work starting on design and development. The tower will feature upscale residential units and ground-floor retail, blending luxury living with walkable convenience.

“This is more than just another tower—it’s a transformative project aligned with Miami’s growth and long-term economic vision,” said Cohen. Krahe added, “We’re excited to help shape one of the last great urban-core parcels into something that elevates the community and enhances the city skyline.”

The project is backed by a partnership between McCaffery Interests, Inc. of Chicago and Grandview Development Co., bringing together national expertise and local vision. Genting, the previous owner, was represented by Salomé Bascuñan of Bilzin Sumberg and Alfonso Jaramillo of Fortune Christie’s International Real Estate.

As Miami continues to grow, this upcoming development promises to be a significant addition to its dynamic cityscape.

Source: The Next Miami