Villa Miami

Villa Miami sits at 710 Northeast 29th Street in Edgewater, a 55-story tower holding just 70 residences — a low unit count for that height, which is the point. Terra, partnered with One Thousand Group, is the developer; ODP Architects designed the building and Charles & Co. (Vicky Charles) did the interiors. Construction is underway, financed by a recorded $285M loan from Tyko Capital.

Completion is stated for 2026, with closings projected for 2027. No percent-sold figure is published, so the sales pace behind the building cannot be confirmed one way or the other — a gap to raise with the sales office rather than a red flag in itself.

Units range from 2,936 to 15,000 square feet — a spread that runs from large residence to full-floor estate — priced from $5M to $55M. No official price-per-square-foot figure is published by the developer; a broker quote puts the building average at roughly $1,650/sf, calling it 'relatively affordable for a brand new Miami waterfront condo' but 'a high price tag for the Edgewater neighborhood' — read that as a mixed signal rather than a clean comp.

Every residence has sunrise and sunset terraces. Beyond that and the size range, finish-level specifics and a formal price-per-square-foot schedule are not in the file — ask for the current price list broken out by line and floor.

The building's identity is Major Food Group, not just as a restaurant tenant but as the operator of the resident experience: a two-level bayfront restaurant with private dining rooms, an MFG-curated F&B program throughout, a residents-only juice bar and coffee lounge, and MFG staff running provisioning, private-chef bookings, and priority access to MFG's wider restaurant group. Layered onto that is a resident's club with library and Great Room, a screening room, a boxing studio, yoga and Pilates studios, Technogym-equipped fitness, recovery lounges, a Level 5 pool deck, and a penthouse private pool. Access extends further than most Miami towers: a private dock with boat slip, rooftop helipad access, and an off-site private beach club south of Fifth Street on Miami Beach with car service.

The site itself is Edgewater bayfront, with piazza-style grounds designed to connect to the forthcoming Miami Baywalk and promenade — a neighborhood amenity still being built out around it. One specific item to weigh: HQ Residences Miami, a 35-floor pre-construction tower nearby, is disclosed as having a partial view impact from some units, expected to complete in 2029.

Terra, based in Coconut Grove and founded in 2001, has delivered 11 Miami-Dade condo towers, including Grove at Grand Bay, Park Grove, Five Park, and Eighty Seven Park — a real multi-cycle record rather than a first project. One Thousand Group is the partner on this site, and Tyko Capital is the construction lender behind the recorded $285M loan.

The brand layer here is Major Food Group, brought in as a design and operating partner rather than a signage deal — the developer has said MFG was involved 'in every single thing in the building,' from amenity programming to the interior-designer selection.

Two deposit schedules are on record for Villa Miami, and it isn't clear from the file which governs a given contract: one runs 10% at signing, 10% at 90 days, 10% at six months, 10% at twelve months, and 60% at closing (projected 2027); a second substitutes deposits at groundbreaking and top-off for part of that structure. Get written confirmation of which schedule applies before signing.

Rental policy is not published. A broker quote cites HOA dues starting around $2.10/sf as high for Miami, though this is not a developer-confirmed figure. Ask for the governing deposit schedule, the rental/short-term policy in writing, and the current HOA estimate before contract.

Delivery (8) and developer (8) are the strongest scores here — construction is underway with financing in place, and Terra's 11-tower record is real. Liquidity (7) and market momentum (7) reflect institutional backing and a recognizable F&B brand, but no sales-pace data exists yet to push either higher. Value (6) and location (6) sit mid-band: pricing reads as a mixed signal against Edgewater comps, and a nearby pre-construction tower carries a disclosed partial view risk. Buyer protection (7) is held back specifically by the conflicting deposit schedules, not by anything structural.

This suits a long-hold, end-user or patient investor buying into brand and scarcity — 70 units, hospitality-grade service, bayfront position — rather than someone who needs a firm rental policy or price certainty today. Overall score: 7.