At a glance
Where it stands
Topped off · 2026
80% sold
Price from
$1.0M
VerifiedResidences
319
about 6 per floorFloors
55
ArquitectonicaResidence size
711–4,559
sq ftThe money
- Per sq ft
- not published
- HOA
- not published
- Deposit escrow
- not published
- Construction loan
- $239M
Lender: Cain International
Topped Off, 80% Sold: Downtown's B&B Italia Tower Is De-Risked
Related Group and Alta Developers have brought a 55-story, 319-unit tower on Biscayne Boulevard to structural completion, with Arquitectonica architecture and Piero Lissoni interiors for B&B Italia, a $239.4M Cain International construction loan on record, and roughly 80% of units already under contract ahead of a 2026 completion.
01The building
Casa Bella Residences by B&B Italia rises 55 stories at 1400 Biscayne Blvd in downtown Miami, a joint venture between Related Group and Alta Developers. The tower topped off in July 2025, the point at which most of a project's construction risk has been absorbed. Arquitectonica designed the building; Piero Lissoni, working with B&B Italia, designed the interiors — a pairing the developer has framed as a collaboration between global design houses and Miami-based sponsors.
The project is financed with a recorded $239.4 million construction loan from Cain International, and as of the most recent figures roughly 80% of the 319 residences are in contract. Completion is set for 2026. On the rubric this report uses, a topped-off, financed, majority-sold building sits in the top delivery band — this one scores 9.5 on delivery and 9.5 on market momentum, the strongest pairing in the file.
02The residences
Units range from 711 to 4,559 square feet, with pricing starting at $1,000,000. No published price-per-square-foot figure exists for the base range, and no neighborhood comp band is available in this record to benchmark it against — a gap worth asking the sales team to fill with current available-inventory pricing.
What is on record is a data point at the top of the market: a 5,893-square-foot triplex penthouse sold for $12.6 million, or $2,138 per square foot, reported at the time as the neighborhood's highest price-per-square-foot condominium sale. That the top of the building is clearing at a record rather than sitting unsold is meaningful evidence for where demand sits, even without a full comp set for the entry price point.
Finishes and interior specification are by Piero Lissoni for B&B Italia; specific unit-by-unit finish schedules and included appliance or furniture packages are not detailed in this record and should be requested directly.
03Amenities and the life here
The amenity program is extensive: an 11th-floor pool deck with Italian-inspired gardens by Enzo Enea, a 78-foot lap pool with Biscayne Bay views, a 360 Wellness Center and spa, a beauty salon, a spin room and open-air yoga lawn, and a pickleball court. A 56th-floor sky pool terrace adds a rooftop pool with a private observatory and telescope — an unusual amenity for a Miami condominium. Residents also get one year of complimentary access to The Grand Bay Beach Club in Key Biscayne.
Service runs deep: on-demand concierge, butler and 'While You're Away' services, housekeeping, pre-arrival grocery delivery, pet spa, nanny and childcare, and a multilingual on-site team around the clock. Social and family spaces include a cinema, wine room, game room, adult lounge, a children's playroom, co-working space, and a poolside bar with a Mediterranean café. Every residence has two private elevators and a private vestibule, with biometric access control.
The site sits on the Biscayne Boulevard corridor downtown with a Walk Score of 94, putting daily errands and the urban core within reach on foot. One specific fact to weigh: 14 ROC, a 31-floor tower under construction to the southwest and expected to complete in 2028, is noted as a partial view-impact risk for some lines — worth checking against your specific unit and floor before you commit.
04Developer and brand
Related Group, founded in 1979 and headquartered in Miami, is one of the longest-running condominium sponsors in the market, partnered here with Alta Developers. The project's institutional-grade financing — a $239.4 million construction loan from Cain International — is itself a signal of lender confidence at this stage of construction.
The brand pairing (Arquitectonica, Piero Lissoni, B&B Italia) is a recognized combination that supports resale and rental depth typical of well-located, design-forward downtown towers. A full count of Related's delivered Miami-Dade condominium towers with certificates of occupancy is not verified in this record.
05The deal
Deposits run 20% at contract, 10% at groundbreaking, 10% at top-off, and the remaining 60% at closing — a schedule that front-loads less capital than an all-at-closing structure but still leaves the majority due at completion. The escrow percentage above Florida's statutory 10% minimum is not disclosed in this record; ask for it directly, since at this construction stage it matters less for delivery risk but still affects your capital exposure before closing.
Rental and short-term-lease policy is not published here and should be confirmed before signing, particularly if a rental strategy is part of your plan. Separately, PRH 1400 Biscayne 1 LLC — the project entity — is party to an open tax-assessment suit against the Miami-Dade property appraiser and Florida revenue officials; the substance and status are not detailed in this record, but it is a live matter naming this project and worth asking your closing attorney to track.
06Our read
Delivery (9.5) and market momentum (9.5) are the strongest scores in the file, reflecting a topped-off tower, a recorded construction loan, and roughly 80% sell-through — about as de-risked as a pre-completion Miami condominium gets. Buyer protection (8.5) follows the same logic: most capital risk has already been absorbed by construction progress, even with the escrow percentage undisclosed.
Value (7.5) is solid but not maximal — there's no neighborhood price band to benchmark the entry price directly, though the record-setting penthouse sale argues the upper market is paying a premium, not discounting. Location (7) reflects a genuinely prime downtown Boulevard site, held off the top by the absence of flood-zone data and a real, if partial, view-impact risk from 14 ROC. Developer (8) and liquidity (8) reflect an established, well-capitalized sponsor and a design pairing that should support resale, trimmed slightly by an unresolved suit at a different Related-affiliated project.
This is a building for a buyer who wants reduced construction-timeline risk and a near-term 2026 delivery, not a ground-floor entry price — at 80% sold, the early-pricing window has largely closed. It suits an end-user or a hold-oriented investor comfortable with undisclosed rental rules until confirmed, more than a short-term flip strategy dependent on discount entry pricing.
Fits an investor who
- End-users wanting a near-term 2026 move-in with construction risk largely behind the project
- Investors who value institutional financing and majority sell-through over early-stage discount pricing
- Buyers who want a full-service, branded downtown address with deep amenity and concierge programming
Does not fit if you
- Buyers seeking early-phase pricing upside — at 80% sold, that window has largely passed
- Buyers who need rental or short-term-lease policy confirmed in writing before shortlisting a building
- Buyers highly sensitive to sightlines who haven't yet checked specific units against the 14 ROC view-impact risk
What would change this score
- Ask for the escrow percentage held above Florida's statutory 10% deposit floor
- Request the published rental and short-term-lease policy in writing
- Ask for the status and substance of the PRH 1400 Biscayne 1 LLC tax-assessment suit against Miami-Dade officials
- Get current price-per-square-foot on available inventory to benchmark against the $2,138/sf penthouse sale
- Confirm which floors and lines face potential view impact from the 14 ROC tower before selecting a unit
Written from the verified ledger above. Where a figure is not published, this report says so rather than estimating. How this works
Seven categories, each scored from the sources shown on this page. How we score.
Casa Bella is structurally topped off, roughly 80% sold, and backed by a recorded $239.4M loan from Cain International — the strongest possible position on delivery and momentum in this rubric. Developer and value scores stay strong but not maximal: one unresolved suit touches a different Related project, and no neighborhood price band exists to fully benchmark pricing, though sell-through at asking argues for the price. Escrow terms above the statutory 10% and the rental policy remain undisclosed — worth confirming before signing, though they don't offset the construction and sales evidence.
Over 80% of 319 units were in contract as of a November 2023 Cain International release, and the project has since topped off (Florida YIMBY, July 2025) with a $239.4M construction loan already recorded from Cain International. That combination — institutional debt plus majority sell-through — meets the top calibration band for this category; a price record penthouse sale at $2,138/sf adds evidence of price strength, not weakness.
The tower topped off in July 2025 (Florida YIMBY) with a recorded $239.4M construction loan from Cain International and roughly 80% of units under contract — the rubric's top delivery band (topped off, financed, >70% sold). One legal filing exists — PRH 1400 Biscayne 1 LLC v. Miami-Dade property appraiser and tax officials — but this reads as a tax-assessment dispute, not project-scope construction litigation, so it does not trigger the litigation cap.
Related Group is a long-operating Miami sponsor (founded 1979) partnered here with Alta Developers and backed by a named institutional lender, Cain International — consistent with the 8-9 band for established Miami condo houses. One cited suit, Kornfeld v. TRG North Flagler Venture (Miami-Dade case 2022-006451-CA-01), alleges fraudulent asset transfer at a different Related-affiliated project (Icon Marina Village); disposition is not confirmed in the record, which trims the score off the top of the band rather than collapsing it. A delivered-Miami-Dade-towers count is not in this file — that is a research gap, not a mark against the sponsor.
1400 Biscayne Blvd sits in Downtown Miami on the Boulevard corridor with a Walk Score of 94 and amenity references to Biscayne Bay views — a prime downtown/bayfront-adjacent site by the rubric's own baseline. One specific counter-fact is on record: 14 ROC, a 31-floor project under construction to the southwest with a noted partial view impact, expected to complete 2028. No FEMA flood-zone finding or protected-view-corridor status is in evidence, so the score sits at the interior-prime baseline rather than higher.
Pricing starts at $1,000,000 for 711 sf and a triplex penthouse sold at $2,138/sf, described in the source as the neighborhood's highest price-per-square-foot condo sale at the time — evidence the top of the range is clearing at a premium, not stalling. No neighborhood price band is populated in this pack to benchmark the base price directly, but 80% sell-through at asking is itself the market's verdict per the rubric, which supports a score above the midpoint despite the missing comp set.
Downtown Biscayne Boulevard frontage, a Walk Score of 94, and a recognized design pairing (Arquitectonica/Piero Lissoni/B&B Italia) support a deep resale and rental pool typical of branded, well-located downtown Miami towers. Rental policy and short-term-rental rules are not published in this record, which is a disclosure flag but not a deduction per the rubric; no restrictive policy or thin-resale-market finding is cited to pull the score down.
The building is topped off, financed with a recorded $239.4M loan, and roughly 80% sold — the rubric's 8-9 band, since at this stage most of the capital risk has already been absorbed by construction progress rather than remaining exposed. The deposit schedule (20% at contract, 10% at groundbreaking, 10% at top-off, 60% at closing) is published, but the escrow percentage above Florida's statutory 10% floor is not disclosed in this record, which is a flag rather than a deduction given the advanced construction stage.
- 20%ContractAt contract
- 10%GroundbreakingAt groundbreaking
- 10%Top-offAt top-off
- 60%ClosingAt closing
Florida escrows only the first 10% of a deposit by statute. Escrow terms above that are not published for this project, so the remainder may be spent on construction and is only as protected as the developer's balance sheet.
Pool and wellness
- 78-foot lap pool with Biscayne Bay views↗
- Luxury spa on the 11th-floor pool deck↗
- 360 Wellness Center↗
- World-class spa offering a suite of on-demand services↗
- Beauty salon with mani-pedi stations↗
- 56th-floor sky pool terrace observatory with a rooftop pool, private observatory, and state-of-the-art telescope↗
Fitness
Dining and social
Services
- One year of complimentary privileged access to The Grand Bay Beach Club in Key Biscayne↗
- Valet parking↗
- Multilingual on-site team available at any hour↗
- Security↗
- Maintenance staff↗
- On-demand concierge↗
- Housekeeping↗
- Pre-arrival grocery shopping and delivery↗
- Butler and “While You’re Away” services↗
- Dry cleaning and laundry↗
- Nanny and childcare↗
- Overnight shoe shining↗
- Pet spa↗
- Pet care services↗
- Preferred tickets to theater and other events↗
- Courier services↗
- Personal IT and tech support↗
- Translation services↗
- Newspaper delivery↗
- Towel service and sun-care kiosk↗
Outdoor and family
- 11th-floor pool deck with Italian-inspired gardens designed by Enzo Enea↗
- Private cabanas and shaded lounge areas↗
- Children’s playroom with educational games and smartboard↗
- Co-working space with a comfortable lounge↗
- Rooftop terraces with private pools and summer kitchens for premium-corner upper penthouses↗
- World-class artwork throughout the common areas↗
© OpenStreetMap · CARTO
Casa Bella Residences by B&B ItaliaBlocksPartialNo impact
Height of each mark reflects storeys. Distance from centre reflects proximity.
- 14 ROCPartial
31 floors · SW · under construction · 2028 · source
Verbatim, as published. We quote; we do not paraphrase, score or summarise sentiment.
“Casa Bella reflects a rare collaboration between global design icons and Miami-based visionaries, and we’re proud to see that vision come to life with such strong support from buyers.”
“Reaching the topping off milestone at Casa Bella is especially meaningful because it brings us one step closer to delivering a project that merges exemplary European style and craftsmanship with the energy and soul of Downtown Miami,” said Nick Pérez, President of Related’s Condominium Division.
Over 80% of Casa Bella’s 319 residences are now in contract.
“We’re proud to partner with Cain to bring Casa Bella Residences by B&B Italia to life,” said Nick Pérez, President of Related’s Condominium Division.
Earlier this year, Casa Bella set a price record with a contract signed for a 5,893-square-foot triplex penthouse for $12.6 million, or $2,138 per square foot, signifying the neighborhood’s most expensive condominium sale on a price-per-square-foot basis.
Welcome to the height of sophisticated Italian living in a vibrant, Milan-inspired setting. Come home to limitless Italian sophistication and luxury.
Enjoy stunning views everywhere you turn. Surround yourself with soaring, light-flooded interiors, garden-filled grounds, and unrivaled, abundant amenities, including a poolside lounge with a Mediterranean café and craft cocktails.
Legal and financial signals
Concerning this project 0
No court filings, liens or recorded encumbrances naming Casa Bella Residences by B&B Italia were found in the sources we monitor.
Concerning Related Group with Alta Developers, elsewhere 1
These matters involve the developer or an affiliate at other properties, not Casa Bella Residences by B&B Italia. They inform the developer track-record score and are listed here for completeness.
- Civil case Other property
PRH 1400 BISCAYNE 1 LLC v. Pedro J. Garcia, as Property Appraiser; Peter Cam, as Tax Collector; and Jim Zingale, as Executive Director of the Florida Department of Revenue. The complaint states that PRH 1400 BISCAYNE 1 LLC sued the listed public officials and alleges claims; the available excerpt does not specify the substantive allegations. Current status is not stated in the available materials. source
Allegations in a filing are unproven and the outcome is for a court to decide. Entries are drawn from public records and reputable reporting; they are not a judgement on any project, developer or party.
Sources 19 17 verified
Every published figure on this page, with where it came from and when it was retrieved. Figures we could not confirm from a first-party or public source are marked unconfirmed and are excluded from the score.
| Field | Value | Source | Retrieved | Confidence |
|---|---|---|---|---|
| architect | "Arquitectonica" | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| completion estimate | "2026" | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| construction lender | "Cain International" | cainint.com News | Aug 30, 2026 | Verified |
| construction loan usd | 239400000 | hrratings.com News | Aug 30, 2026 | Verified |
| deposit schedule | [{"stage":"Contract","pct":20,"when":"At contract"},{"stage":"Groundbreaking","pct":10,"when":"At groundbreaking"},{"stage":"Top-off","pct":10,"when":"At top-off"},{"stage":"Closing","pct":60,"when":"At closing"}] | relatedgroup.com Developer | Aug 30, 2026 | Verified |
| developer | "Related Group & Alta Developers" | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| floors | 55 | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| interior designer | "Piero Lissoni" | relatedgroup.com Developer | Aug 30, 2026 | Verified |
| official name | "Casa Bella Residences by B&B Italia" | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| pct sold | 80 | cainint.com News | Aug 30, 2026 | Verified |
| price from usd | 1000000 | casabellaresidences.com Developer | Aug 30, 2026 | Verified |
| price per sqft avg usd | 900 | miamiresidential.com Aggregator | Aug 30, 2026 | Unconfirmed |
| price to usd | 1000000 | casabellaresidences.com Developer | Aug 30, 2026 | Unconfirmed |
| status | "topped_off" | floridayimby.com Press | Aug 30, 2026 | Verified |
| street address | "1400 Biscayne Blvd, Miami, FL 33132" | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| total units | 319 | altadevelopers.com Developer | Aug 30, 2026 | Verified |
| unit sqft from | 711 | casabelllaresidences.com News | Aug 30, 2026 | Verified |
| unit sqft to | 4559 | casabelllaresidences.com News | Aug 30, 2026 | Verified |
| walk score | 94 | estately.com News | Aug 30, 2026 | Verified |