The Downtown Miami real estate landscape has reached a new turning point with recent advancements at JEM Private Residences. Developed by the prestigious Naftali Group, this project not only redefines vertical luxury but also solidifies investor confidence in one of the city’s most transformative districts.
Recently, the construction team reached a critical milestone by completing the building's 11-story podium. Located at 1016 NE 2nd Avenue, this phase marks the transition into full vertical construction for the tower, which will rise to 67 stories.
The project’s stability is reflected in its financial backing: following its groundbreaking in April 2024, JEM Private Residences secured a massive $465 million construction loan in 2025. This figure underscores strong lender confidence in the Downtown Miami market and Miki Naftali's vision as Chairman and CEO of Naftali Group.
One of JEM’s most disruptive features is its residential programming. Unlike conventional developments, the residential units do not begin until the 43rd floor. This strategic decision ensures that every one of the 273 condominiums enjoys unobstructed, panoramic views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean.
As the crown jewel, the uppermost levels will house a limited collection of Sky Villas, featuring exclusive interiors by FENDI Casa, representing the pinnacle of luxury within the property.
JEM Private Residences will offer a wide range of configurations, from functional studios to spacious four-bedroom floor plans. The project is currently on track for completion and delivery in the fourth quarter of 2027.
Frequently Asked Questions
Where is JEM Private Residences located?
The project is located at 1016 NE 2nd Avenue, within Miami Worldcenter, one of the most transformative and well-connected districts in Downtown Miami.
Who is the developer behind JEM Private Residences?
The tower is being developed by Naftali Group, led by Chairman and CEO Miki Naftali. The firm has highlighted this milestone as part of its commitment to high-quality design and elevated craftsmanship.
At what level do the residences start at JEM Miami?
A unique aspect of the tower is that residential units begin on the 43rd floor. This ensures that all residents have guaranteed, unobstructed views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean.
When will construction of JEM Private Residences be completed?
The project is currently on schedule to be completed during the fourth quarter of 2027.
What level of luxury do the units at JEM offer?
The building will feature 273 units ranging from studios to four-bedroom layouts. Additionally, the top levels will feature a limited collection of Sky Villas with interiors designed by the prestigious fashion house FENDI Casa.
Which design firms are involved in the project?
● Architecture: Arquitectonica.
● Interiors: Rockwell Group.
● Landscaping: EDSA.