Continuum Company and Aksoy Holding closed a $350 million financing package from S3 Capital for the Continuum Waterfront District in North Bay Village on April 30, 2026 — the largest single financing event in the municipality's history. The debt covers $261 million in construction financing for Phase 1 (Continuum Club & Residences West, 36 stories, 236 units, 50% presold, completion July 2028) and $38 million in predevelopment financing for Phase 2 (approximately 300 luxury condos, hotel, 20-slip marina, "Island Walk" promenade, completion 2030). The full Continuum Waterfront District will occupy 4 acres at 1755 and 1819/1855 79th Street Causeway — the former site of Shuckers Waterfront Bar & Grill — and deliver more than 2 million square feet of total development, including over 536 condominiums across both phases.
The $350 million financing close at Continuum Waterfront District is one of the largest residential construction loan packages in South Florida this cycle. It validates the investment thesis that North Bay Village, positioned between Miami and Miami Beach on Biscayne Bay, can command luxury pricing from buyers priced out of South Beach without sacrificing waterfront quality. The Eichner name carries significant weight in this context: the original Continuum South Beach in South of Fifth set the template for how branded luxury could transform a neighborhood's trajectory. The cluster of major projects now advancing simultaneously in North Bay Village (Related/Macklowe Ritz-Carlton, Shoma Bay, Ansin family, and now Continuum) suggests the municipality is entering a concentrated luxury development cycle comparable to what Edgewater experienced between 2022 and 2025.
Quick Facts
What is the project, and who developed it?
Continuum Waterfront District — a two-phase, 4-acre master-planned development along Biscayne Bay in North Bay Village, developed by Ian Bruce Eichner's Continuum Company in partnership with Erdal Aksoy's Aksoy Holding (a Turkish conglomerate with holdings in oil, gas, hospitality, and real estate).
What financing was secured and from whom?
$350 million from New York-based S3 Capital: $261 million in construction financing for Phase 1 and $38 million in predevelopment financing for Phase 2. This is the largest financing package ever closed in North Bay Village.
What does Phase 1 deliver?
Continuum Club & Residences West — a 36-story, 236-unit condominium on the western portion of the site, already 50% presold. Completion is expected in July 2028. The building broke ground in 2025.
What does Phase 2 include?
Approximately 300 additional luxury condominiums, a Continuum-branded hotel, a 20-slip marina, office space, restaurants, green space, and a bayfront promenade the developer is calling "Island Walk." Phase 2 is targeted for completion in 2030.
What else is happening in North Bay Village?
The neighborhood has become an active development corridor following a zoning overhaul five years ago. Related Group and Harry Macklowe plan twin 43-story Ritz-Carlton-branded towers with 364 condos; the Ansin family (Sunbeam Television) has a mixed-use project in the pipeline; and Shoma Group is developing Shoma Bay, a 24-story, 333-unit luxury condo building with a ground-floor Publix.