Four Seasons Private Residences Miami: Vertical Construction Begins in Coconut Grove

Four Seasons Private Residences Miami has officially entered vertical construction, and the milestone marks a real turning point for one of the city's most closely watched luxury developments. Located at 2699 South Bayshore Drive in Coconut Grove, the 20-story waterfront tower is Florida's first standalone Four Seasons residential project, built without an adjoining hotel component. As reported by Florida YIMBY, reinforced concrete columns, shear walls, and elevator core elements are now rising throughout the footprint, with the ground floor largely established and decking underway on the southern side of the site.

What Four Seasons Coconut Grove Actually Includes

The development is designed by Miami-based architect Luis Revuelta, with interiors by Florentine designer Michele Bönan. As detailed by Florida YIMBY, the tower will yield 70 condominium residences ranging from 2,025 to 3,975 square feet, along with four penthouse residences measuring up to 9,690 square feet. Each home is planned with a private elevator entry, open floor plans, and ceiling heights ranging from 10 to 11 feet, while the building's gently curving form is intended to maximize panoramic views across Biscayne Bay through expansive floor-to-ceiling glazing.

The amenity program leans heavily into wellness. According to Florida YIMBY's coverage of the project's financing, the building will include a restaurant, library, children's area, private event room, and an expansive pool deck with a bar lounge serviced by Four Seasons. The wellness component is planned to include a fitness center, yoga and massage rooms, and a roughly 10,000-square-foot spa featuring a cold plunge, hydromassage pool, infrared sauna, a Roman-inspired sauna circuit, an ice fountain, and specialty shower facilities, as described by PROFILEmiami. Residential services are expected to include a dedicated Director of Residences, a Lifestyle Manager, housekeeping and butler services, in-residence dining, valet operations, and wellness programming.

Who's Behind Coconut Grove Luxury Condos Like This One

The project is developed by CMC Group, led by founder Ugo Colombo, and Fort Partners, led by Nadim Ashi. As reported by The Real Deal, the developers demolished the previous building on the site before construction began, and the project broke ground in October 2025. CMC Group's history in the neighborhood isn't new; the firm previously developed Grovenor House in 2005, at a time when few developers were willing to bet on Coconut Grove at a luxury price point, according to Haute Residence.

Sales for the project launched in 2024. As Haute Living's Haute Residence reported, CMC Group Founder Ugo Colombo described the vertical construction milestone as a significant moment demonstrating that the team's vision for the property is becoming a reality, adding that the development has continued to generate strong interest from local, national, and international buyers since sales began.

The Financing Behind the Tower

Construction is backed by a $323.8 million loan from Bank OZK. According to Florida YIMBY's report on the financing, the loan drew competitive proposals from more than ten lending institutions, with legal representation for the development team provided by Bilzin Sumberg attorneys Jim Shindell and Hannah Lidicker. Bank OZK's Greg Newman, Senior Managing Director of Originations, said the financing reflects the strength of the sponsors' track record and confidence in the South Florida luxury market.

That level of lender competition is itself a market signal. As Off the MRKT observed, more than ten lenders competing for a single construction loan, amid continued wealth-migration momentum into South Florida, suggests institutional capital is becoming more selective about where it wants exposure, with Coconut Grove landing on that shortlist.

Timeline and Current Status

Vertical construction is underway, but the project is not finished. As Multi-Housing News reported, construction began in October 2025, and the 20-story waterfront project is expected to welcome residents by mid-2028. Florida YIMBY's July 2026 update confirms the building has moved into its first elevated levels, with the development remaining on schedule for that 2028 completion target.

What This Means (and Doesn't Mean) for Buyers

Here's the part worth reading twice. A branded residence entering vertical construction, backed by a nine-figure loan and strong lender competition, is a legitimate signal of institutional confidence in a project and a neighborhood. It is not, on its own, a guarantee about resale value, rental performance, or future appreciation for any individual buyer. Branded residences carry their own cost structure, including brand licensing and service fees layered into HOA dues, and outcomes vary by unit, market cycle, and how the broader Coconut Grove luxury condo pipeline absorbs new inventory over the next several years. Anyone evaluating a purchase should weigh those factors on their own terms rather than relying on brand recognition alone.

The honest takeaway is that Four Seasons Private Residences Miami is a real, financed, and actively rising project with a defined design team, a confirmed unit mix, and a stated 2028 completion target. It deserves to be described by what's documented so far, not by assumptions about how the finished building will perform once it's delivered.

Frequently Asked Questions

Has Four Seasons Private Residences Miami actually started construction? Yes. As of July 2026, the project has moved into vertical construction, with reinforced concrete columns, shear walls, and elevator cores rising above a completed ground floor, according to Florida YIMBY.

Where is the building located? At 2699 South Bayshore Drive in Coconut Grove, Miami, along the Biscayne Bay waterfront.

Is this Four Seasons' first standalone residential project in Florida? Yes. Unlike the brand's typical mixed-use residential-and-hotel developments, this tower operates exclusively as a private residential building, according to Florida YIMBY.

How many residences will the building have? 70 condominium residences ranging from 2,025 to 3,975 square feet, plus four penthouses up to 9,690 square feet.

Who is developing the project? CMC Group, led by Ugo Colombo, and Fort Partners, led by Nadim Ashi, are the developers, as confirmed by The Real Deal.

How is construction being financed? Through a $323.8 million construction loan from Bank OZK, secured in early 2026 after competitive bidding from more than ten lenders, according to Florida YIMBY.

When is the building expected to be completed? The development remains on schedule to welcome residents by mid-2028, per Multi-Housing News.

Does vertical construction guarantee the project's investment value? No verified source guarantees that outcome. Construction progress and financing strength are signals of project viability, not promises about individual resale value or appreciation, which depend on unit-specific and market-wide factors.