Faena Residences Miami: Pre-Construction Buyer's Guide (2026)

Faena Residences Miami is Alan Faena's first standalone residential project anywhere -- 434 condominium homes across two riverfront towers rising on the south bank of the Miami River, connected near the top by a 45,000-square-foot sky bridge that houses the building's social and wellness program. The project is the anchor of a new three-block Faena District Miami River, the brand's first ground-up master plan outside Buenos Aires and Miami Beach.

The development is the work of Fortune International Group (Edgardo Defortuna) and KAR Properties (Shahab Karmely) in collaboration with Alan Faena himself, with architecture by Rafael Vinoly Architects -- one of the late Rafael Vinoly's final landmark commissions before his death in March 2023. Interiors come from London- and New York-based Bryan O'Sullivan Studio; landscape from Sasaki.

Pricing starts at approximately $1.3 million for entry one-bedroom homes and runs into the eight figures for upper sky lofts and penthouses. Sales gallery activity launched through 2025 into 2026, construction is targeted to begin in early 2026, and delivery is projected for 2028-2029.

View the Faena Residences Miami building page for floor plans, current pricing, and available units.

The Quick Take

Where is Faena Residences Miami?

The site sits on the south bank of the Miami River at the seam between Brickell and Downtown Miami, on a 1.8-acre parcel previously planned as KAR's One River Point. Addresses on file include 24 SW 4th Street and 90 SW 3rd Street -- the project spans the block.

The location is genuinely walk-everywhere by Miami standards:

• Brickell City Centre retail and dining is a few blocks south
• The Miami Riverwalk runs along the project's frontage, with planned connections through the Brickell City Centre extension
• Bayfront Park, Kaseya Center (home of the Miami Heat), and Bayside Marketplace are a short walk or quick drive north across the river
• Museum Park -- with the Perez Art Museum Miami and the Phillip and Patricia Frost Museum of Science -- sits roughly seven blocks north of Bayfront
• Miami International Airport is about 15 minutes west via I-95 / SR-836

This is a true riverfront site rather than a bay or ocean project. The Miami River corridor itself is in active transition from working boatyards to luxury residential, with restaurants like Garcia's Seafood Grille & Fish Market (a 1966-vintage Cuban-American institution at 398 NW North River Drive) and Casablanca Seafood Bar & Grill still anchoring the older river culture.

Who's Behind Faena Residences Miami?

Three principals run the project:

Fortune International Group -- Edgardo Defortuna's Miami-based firm, with more than four decades of South Florida development experience. Fortune is one of the few local groups that combines development, in-house brokerage, and international sales and marketing under one roof. Past projects include Jade Signature in Sunny Isles (designed by Herzog & de Meuron) and Ritz-Carlton Residences Sunny Isles.

KAR Properties -- Shahab Karmely's New York-based investment and development firm, with international real estate experience across the U.S., Southeast Asia, and Europe. The Miami River site was originally KAR's One River Point project; KAR brought Fortune in and pivoted the plan to the Faena partnership. The two developers secured a $38 million sales-and-marketing line of credit from Bank OZK in late 2022 to seed the launch.

Alan Faena -- Argentine hotelier, founder of Faena Group, and the creative force behind the brand. Faena partnered with American billionaire Len Blavatnik to transform Buenos Aires' derelict Puerto Madero docklands in the early 2000s, opening the first Faena Hotel there in 2004. They opened Faena Hotel Miami Beach in December 2015 in the former Saxony Hotel at 32nd-36th Streets, anchoring the eight-block Faena District Miami Beach. Miami River is Faena's second Miami district and the brand's first standalone residential development.

Architecture and Design

The lead architect is Rafael Vinoly Architects. The project is one of the firm's late-stage commissions and one of Rafael Vinoly's final personal designs before he died unexpectedly of an aneurysm in New York on March 2, 2023, at age 78.

Vinoly's career left a recognizable through-line of major civic and residential work, including:

• Tokyo International Forum (completed 1996), recipient of the AIA 2024 Twenty-Five Year Award
• 432 Park Avenue in New York -- the super-slender 1,396-foot residential tower
• 20 Fenchurch Street in London -- the "Walkie-Talkie" tower
• Kimmel Center for the Performing Arts in Philadelphia
• Cleveland Museum of Art addition
• Carrasco International Airport in Uruguay
• Booth School of Business at the University of Chicago

The Miami project adapts the same vocabulary -- a strong geometric move framed by transparency. Two towers, approximately 60-68 stories each, are linked near the top by a three-level sky bridge that visually unifies them and houses the project's social program. Floor-to-ceiling glass, 10- to 12-foot ceilings, and 12-foot-deep glass-enclosed terraces carry through to the residences.

Interiors are by Bryan O'Sullivan Studio, the London- and New York-based practice known for the Frick Collection restaurant and bar program in New York and hospitality work at Claridge's and The Connaught in London. O'Sullivan's residence package leans material: travertine flooring, custom Italian cabinetry with two finish options, natural-stone counters and backsplashes, THG fixtures, Gaggenau appliances, and floor-to-ceiling natural-stone bathrooms.

Landscape is by Sasaki, integrating the towers into a private riverfront park as part of the larger Faena District master plan.

Residences at Faena Residences Miami

The published configuration:

• 434 residences total across the two towers (some sources report up to 440)
• One- to four-bedroom floor plans
• Floor plan families include River Lofts, Sky Villas, Sky Lofts, and Lower and Upper Penthouses
• Sizes range from approximately 712 to 7,676 square feet
• 10- to 12-foot ceilings; double-height ceilings in sky lofts
• 12-foot-deep glass-enclosed outdoor terraces
• Private elevators on upper-tier residences
• Fully finished delivery -- Bryan O'Sullivan interiors are part of the base offering, not an upgrade
• Pricing starts at approximately $1.3 million for entry residences; sky lofts reported starting around $6.8M; penthouses priced on request, running into the eight figures

The Faena Brand Heritage

Faena is not a licensed name. Alan Faena built the brand from a single Buenos Aires development and has run every property since.

Faena Buenos Aires -- Faena and Blavatnik bought roughly 100 acres of derelict docklands in Puerto Madero in the late 1990s. The first Faena Hotel Buenos Aires opened in 2004 in a converted grain mill (Philippe Starck designed the interiors). The district now includes the Faena Hotel, Faena Arts Center, Faena Aleph residences, and the broader Puerto Madero rebuild that is now among the most expensive real estate in Argentina.

Faena District Miami Beach -- the brand's first U.S. project, an eight-block stretch of Collins Avenue from 32nd to 36th Streets between the Atlantic and Indian Creek. The anchor Faena Hotel Miami Beach opened in December 2015 in the former 1947 Saxony Hotel, designed in collaboration with Baz Luhrmann and his designer wife Catherine Martin. The district also includes:

• Faena Forum -- a 43,000-square-foot cultural venue by Rem Koolhaas and OMA, combining a cylinder and a cube
• Faena Theater -- a 150-seat cabaret in red velvet and gold leaf
• Faena Bazaar -- retail and dining hall
• Faena House -- the Foster + Partners-designed condominium that has held some of Miami Beach's highest per-square-foot sale records

Faena Rose -- the brand's patron and cultural-membership program, launched in 2016. Faena Residences Miami will be its first permanent, purpose-built architectural home (see next section).

The brand has since entered a global venture with Accor, which is expanding Faena-branded hotels and residences internationally. For Miami buyers, the relevant detail is that Faena has more than two decades of operating history -- this is a working hospitality group, not a name on a tower.

The 45,000-Square-Foot Sky Bridge -- Now Branded "Faena Rose"

The single most distinctive piece of the project is the sky bridge that links the two towers. In January 2026, the developers formally unveiled it as the first permanent home of Faena Rose, the brand's cultural-patron program.

The numbers:

• Approximately 45,000 square feet, three dedicated levels (floors 61-64)
• Roughly 700 feet above the Miami River
• Architecturally unifies the twin towers into one composition

What's inside, per the developer:

• Infinity-edge pool overlooking the Miami River (some materials reference a 25-meter pool)
• Restaurant with bar, lounge, and dining terrace
• Private dining room and a central venue called The Pistol with bar and dining terrace
• Library lounge with outdoor terrace
• Screening room and billiards room
• Creative lounges, private suites, and arrival lobby lounges
• Sauna Penthouse -- Faena's marketing term for the wellness floor -- with red-light IR sauna, cold plunge, botanical steam room infused with South American herbs, hammam, horizontal rain shower beds, and couples heated-stone beds
• Golf simulator and pet spa in the broader amenity program
• A separate Tierra Santa Healing House at podium level, dedicated to longevity, hydrothermal, and recovery rituals

The sky bridge program is positioned as a permanent cultural venue -- not a static clubhouse -- with rotating art, performance, and programming under the Faena Rose membership umbrella.

How Faena Compares to Other Branded Residences in Miami

Branded residences are the dominant Miami pre-construction category. Faena positions in the upper-mid tier on starting price but uses a singular architectural move (the sky bridge) to differentiate.

How Faena slots in:

• Most architecturally distinctive of the affordable-entry branded set. The Vinoly sky bridge is a one-of-one move at this price point.
• Brand depth. Faena is a hospitality operator with its own hotels, district, and cultural program -- not a licensed name.
• Riverfront, not oceanfront. Buyers who require the Atlantic should look at Rivage or Fisher Island; the Faena value proposition is the Vinoly tower form plus walkable Brickell and Downtown access.
• Entry pricing is genuinely competitive. $1.3M starts undercut Cipriani and Baccarat, while the upper sky lofts and penthouses run into the same eight-figure territory.

The Miami River District Neighborhood

The Miami River corridor has been the city's working spine since the late 1800s -- shipping, fishing fleets, and warehouses. The last decade has seen a steady residential rebuild from the mouth of the river upstream, with the Faena, Baccarat, and Prosper/Versluys projects all clustered within a few blocks.

What's around the building, walkable or short drive:

Retail and Dining

• Brickell City Centre -- 500,000-plus square feet of retail and restaurants at 701 S Miami Ave
• Garcia's Seafood Grille & Fish Market -- the 1966 family-run Cuban-American river institution at 398 NW North River Dr
• Casablanca Seafood Bar & Grill -- the other long-running Miami River dock-to-table restaurant
• Brickell Avenue -- the city's banking-and-condo spine, lined with restaurants and rooftop bars
• Mary Brickell Village -- the open-air retail block

Parks and Public Space

• Miami Riverwalk -- the pedestrian path running the north bank, with planned south-side connections through the Faena and Brickell City Centre parcels
• Bayfront Park -- 32 acres on Biscayne Bay just north across the river; hosts the New Year's ball drop, amphitheater concerts, and Tina Hills Pavilion
• Museum Park -- 30 acres adjacent to Bayfront, home to Perez Art Museum Miami and the Frost Museum of Science

Entertainment

• Kaseya Center -- 20,000-seat downtown arena, home of the Miami Heat
• Bayside Marketplace -- the waterfront marketplace next to Kaseya
• Adrienne Arsht Center for the Performing Arts -- a short drive north on Biscayne Boulevard

Connectivity

• Direct access to I-95 and I-395
• Brickell and Government Center Metrorail/Metromover stations
• About 15-20 minutes to Miami International Airport; 15-20 minutes across the MacArthur Causeway to South Beach; about 10 minutes to the Faena District in Miami Beach

The combination of walkability (Brickell City Centre, Riverwalk, Bayfront), transit access (Metromover, Brickell Metrorail), and water frontage is rare in Miami at any price.

Risks and Realities for Pre-Construction Buyers

Standard pre-construction risk applies, plus a few Faena-specific items:

• Delivery timing. A 2028-2029 target is roughly two to three years out from the early 2026 construction start. Miami delivery dates slip routinely on projects this complex, and the sky bridge alone is a non-trivial structural piece.
• Specs published vs. as-built. Marketing references both 60-story and 68-story tower heights depending on the source. The 434 versus 440 residence count also moves between releases. Confirm exact unit count, ceiling height, and tower height for your specific floor before reserving.
• Deposit schedule. Miami pre-con deposit structure typically runs 20-50% spread across signing, ground-break, and milestone draws. Get the exact schedule in writing.
• Operator continuity. Faena's tie-up with Accor changes the brand's operating scale. The local Miami District has been stable; international expansion is the new question.
• River vs. bay vs. ocean. Some buyers will read "Miami River" as a downgrade from oceanfront. The actual frontage is a working river with active boat traffic, restaurants, and the Riverwalk -- not a private beach. Sit on the site, look at the water, and decide whether that's your buy.
• HOA and service load. A 45,000-square-foot sky bridge with restaurant, spa, screening room, and full Faena Rose programming carries real recurring cost. Underwrite carrying cost with a margin.

FAQ

What is the address of Faena Residences Miami?

The project is on the south bank of the Miami River with addresses 24 SW 4th Street and 90 SW 3rd Street, Miami, FL 33130. The 1.8-acre site spans both frontages.

Who is the developer of Faena Residences Miami?

Co-developed by Fortune International Group (Edgardo Defortuna) and KAR Properties (Shahab Karmely) in collaboration with Alan Faena and the Faena Group.

Who is the architect of Faena Residences Miami?

Rafael Vinoly Architects is the design architect. Faena Residences Miami is one of Vinoly's final landmark commissions before his death in March 2023. Interiors are by Bryan O'Sullivan Studio and landscape is by Sasaki.

How much do Faena Residences Miami residences cost?

Pricing starts at approximately $1.3 million for entry one-bedroom residences. Two-bedrooms run roughly $2.3M-$3.2M, four-bedrooms roughly $6M-$8M, and sky lofts and penthouses move into the eight figures.

How many residences are there at Faena Residences Miami?

There are approximately 434 residences across the two towers (some reports cite up to 440), with one- to four-bedroom floor plans ranging from around 712 to 7,676 square feet.

When will Faena Residences Miami be completed?

Construction is targeted to begin in early 2026, with delivery projected for 2028-2029. The exact timeline has shifted between developer materials.

What is the Faena sky bridge?

A 45,000-square-foot, three-level structure linking the two towers on floors 61-64, approximately 700 feet above the Miami River. It will be the first permanent architectural home of Faena Rose, the brand's cultural-patron program, with infinity-edge pool, restaurant, screening room, library lounge, billiards, wellness program with sauna penthouse, and rotating art and performance.

Is this the first standalone Faena residential project?

Yes. Faena has previously delivered Faena House at Faena District Miami Beach and residential components within the Buenos Aires and Miami Beach hotel projects. Faena Residences Miami is the brand's first standalone residential development.

Bottom Line

Faena Residences Miami is the brand's first standalone condo project, Rafael Vinoly's final Miami commission, and the most architecturally distinctive entry in the current Miami River pipeline. Two towers, a 45,000-square-foot sky bridge programmed as a permanent Faena Rose cultural venue, and entry pricing from $1.3M make it competitive against the rest of the branded-residence field. Construction starts in early 2026, with delivery in the 2028-2029 window.

Want a Data-Driven Read on Faena Residences Miami?

If you're evaluating a Faena pre-construction reservation -- pricing, floor selection, deposit schedule, or comp analysis against Baccarat, Cipriani, Waldorf, Rivage, and Six Senses Fisher Island -- reach out to Kyle Benjamin, REHub Miami.

View the Faena Residences Miami building page | Browse Miami pre-construction condos | Contact us

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Disclaimer: This article is for general informational purposes. Pre-construction pricing, floor plans, finish packages, amenity specifications, tower heights, residence counts, and delivery timelines can change between launch and completion. Verify all details directly with the official sales team and developer materials before making any reservation or purchase decision.