Terra and One Thousand Group have successfully secured a $285 million construction loan for the development of Villa Miami, located in the East Edgewater neighborhood of Miami. This will be the first-ever residential tower branded by Major Food Group (MFG) and designed by ODP Architects, featuring 70 private residences with waterfront views. Construction on Villa Miami officially began this month and is expected to be completed in 2027, with Moss Construction serving as the general contractor.
The financing for this project was provided by TYKO Capital, which is backed by Elliott Investment Management.
Villa Miami will stand at an impressive height of 650 feet over 56 stories. Each residence will offer an “estate-style” layout spanning a full half-floor and boasting stunning views of Biscayne Bay and the city skyline. With prices starting at $5 million, these units range from 3,000 to 6,000 square feet in size. The anticipated completion date for Villa Miami is set for late-2027.
