Construction began on Pagani Residences at 7940 West Drive in North Bay Village on May 15, 2026, marked by a groundbreaking ceremony featuring three Pagani Hypercars and attended by Horacio Pagani himself alongside the full project team. The 30-story boutique tower, developed by Riviera Horizons and designed by A++, will deliver 70 all-corner residences overlooking Biscayne Bay and the Atlantic Ocean, starting at $3.9 million. The project translates the material language of Pagani Hypercars — carbon fiber, hand-finished metalwork, and supple leathers — into residential interiors, including a bespoke furniture collection by Pagani Arte. The automotive connection extends to residences through Auto Privata, a concierge program powered by Prestige Imports offering vehicle storage, maintenance, and transportation. Amenities include a 29th-floor wellness level, a rooftop pool, a private marina, a 240-foot boardwalk, and access to yacht and beach clubs.
Pagani Residences is the latest addition to North Bay Village's rapidly expanding luxury development corridor — joining the Continuum Waterfront District ($350M financing closed April 30), the planned Related/Macklowe Ritz-Carlton twin towers, and Shoma Bay in a cluster of simultaneous luxury projects reshaping the municipality. The project's automotive brand identity follows the proven Sunny Isles model pioneered by Dezer Development (Porsche Design Tower, Bentley Residences) but brings it to a waterfront setting at a materially lower price point ($3.9M entry vs. $5M+ in Sunny Isles) and with significantly more exclusivity — 70 units vs. the 100–200 unit range of the automotive towers to the north.
What milestone was reached and when?
Construction officially began on Pagani Residences on May 15, 2026, with a groundbreaking ceremony at 7940 West Drive in North Bay Village. Three Pagani Hypercars — the Huayra BC, Huayra Coupé, and Utopia Coupé — were on display at the event.
What is the project and who is developing it?
A 30-story, 70-unit waterfront condominium tower developed by Riviera Horizons (Mikael Hamaoui, founder and CEO) in collaboration with Horacio Pagani and Pagani Arte. Designed by A++. Fortune International Group (Edgardo Defortuna) leads sales. Units start at $3.9 million.
What are the key design and amenity features?
All 70 residences are all-corner homes designed to maximize bay and Atlantic views with expansive private terraces. Amenities include a rooftop pool with 360-degree views, a 29th-floor wellness level inspired by the Italian Dolomites, a private marina, a 240-foot waterfront boardwalk, and yacht club and beach club access. Auto Privata — a partnership with Prestige Imports (Brett David, CEO) — provides vehicle storage, maintenance, and transportation services.
What makes this project architecturally distinctive?
Pagani Residences incorporates materials associated with Pagani Hypercars — carbon fiber, hand-finished metalwork, and supple leathers — reinterpreted for residential interiors. Pagani Arte has also created a bespoke furniture collection exclusive to the residences. This is Horacio Pagani's first residential project anywhere in the world.
Who attended the groundbreaking?
Mikael Hamaoui (Riviera Horizons), Horacio Pagani, Edgardo Defortuna (Fortune International Group), Brenda Basso (Pagani Arte CEO), Nicola Volpi (Pagani Automobili Chairman), Christopher Pagani (Marketing Director), Brett David (Prestige Imports / Pagani of Miami), and North Bay Village Mayor Rachel Streitfeld.