JEM Private Residences Downtown Miami: 2026 Pre-Construction Buyer's Guide

JEM Private Residences is the first Miami project from New York's Naftali Group, the developer behind Miki Naftali's portfolio of 25-plus Manhattan luxury condominium projects. The 67-story, roughly 700-foot tower at 1016 NE 2nd Avenue sits inside the 27-acre Miami Worldcenter master-planned district in Downtown Miami, and it puts 259 private condominium residences on the upper floors of the building -- starting on floor 43 -- over a 530-unit multifamily rental podium below.

Architecture is by Arquitectonica, with interiors by New York-based Rockwell Group. The crown of the tower includes the JEM Sky Villas with Interiors by FENDI Casa, a pair of four-bedroom, ~5,083- to 5,277-square-foot penthouses with wraparound terraces. Sales launched in October 2023 through OneWorld Properties, with pricing from approximately $540,000 for the smallest studios and Sky Villas starting around $8 million.

The foundation pour finished on May 30, 2025, and the podium topped out at the 11th floor on February 18, 2026. Naftali secured a combined $465 million construction loan -- $235M C-PACE from Nuveen Green Capital, $230M from Bank Hapoalim -- in late 2025. Coastal Construction is the general contractor, and delivery is targeted for Q4 2027.

View the JEM Private Residences building page for floor plans, current pricing, and available units.

The Quick Take

Where is JEM Private Residences?

The site is at 1016 NE 2nd Avenue, on the northern edge of the 27-acre Miami Worldcenter development that fills the blocks between roughly NE 6th Street and NE 11th Street, west of Biscayne Boulevard. Miami Worldcenter is the second-largest urban mixed-use project in the United States and the largest of its kind in Florida, developed by Miami Worldcenter Associates -- led by Art Falcone and Nitin Motwani -- in partnership with CIM Group.

Within a short walk of the JEM front door:

• Miami Worldcenter retail promenade -- the open-air pedestrian network at the base of the project, anchored by Apple, Sephora, Lucid Motors, Maple & Ash, Serafina, and Sixty Vines
• Kaseya Center -- home of the Miami Heat, two blocks east
• MiamiCentral Brightline station -- the high-speed rail terminus at 600 NW 1st Avenue, roughly a 10-minute walk south
• Adrienne Arsht Center for the Performing Arts -- across NE 14th Street to the north
• Perez Art Museum Miami (PAMM) and Phillip and Patricia Frost Museum of Science -- Museum Park on the bayfront, accessible by Metromover
• Bayfront Park, Bayside Marketplace, and the Metromover loop -- all within the Downtown core

Miami International Airport is roughly a 15-minute drive west; South Beach is a 12- to 15-minute drive across the MacArthur Causeway.

Who's Behind JEM Private Residences?

Naftali Group (developer)

Naftali Group is the New York-based firm founded in 2011 by chairman and CEO Miki Naftali, a real estate veteran with more than 35 years in the business and a portfolio that includes over $15 billion in real estate assets across North America, Asia, Europe, and the Middle East. In New York City alone the firm has assembled 25 luxury condominium projects encompassing over 1,900 residential units.

JEM is the company's first Miami project. Naftali paid $41 million in 2022 for the Miami Worldcenter development site and brought JEM to market in October 2023. Groundbreaking followed in April 2024 -- just six months after launch, which is fast by Miami standards.

Arquitectonica (architecture)

The base building is by Arquitectonica, the Miami firm of Bernardo Fort-Brescia and Laurinda Spear founded in Coconut Grove in 1977. The firm is responsible for a long list of Miami landmarks including the Atlantis Condominium on Brickell (with the cutout cube made famous by the Miami Vice opening), Brickell City Centre, the Kaseya Center, and the Wilkie D. Ferguson Jr. U.S. Courthouse, along with work in more than 60 countries.

Rockwell Group (interiors)

Interiors are by Rockwell Group, the New York firm founded by David Rockwell in 1984. The firm's hospitality-led portfolio includes hotel, restaurant, and theater design at scale, and the JEM brief is one of its most prominent Miami residential commissions to date. Rockwell describes the tower's design language as a "mindful urban oasis" with biophilic interiors -- natural materials, soft forms, and access to daylight built into the residential program.

FENDI Casa (Sky Villa interiors)

The two JEM Sky Villas at the crown of the tower are interior-designed by FENDI Casa, the Italian fashion house's home and furniture division. Custom details include the FENDI Casa Matrice bookcase and a Metropolis coffee table referencing the FENDI headquarters in Rome.

Coastal Construction (general contractor)

The general contractor is Miami's Coastal Construction, which executed the 18-hour foundation pour on May 30, 2025 -- 8,400 cubic yards of concrete delivered by 840 truckloads.

Architecture and Design

Arquitectonica's design pulls from a smooth, wave-like vocabulary inspired by the ocean and Biscayne Bay, with deep wraparound terraces and full-height glass that gives the building a continuous, banded profile. Rockwell Group's interior language for the residential floors is grounded in natural materials, wood accents, and a serene palette intended to read more like a hospitality interior than a typical Miami high-rise.

Residential units begin on the 43rd floor, a deliberate decision to push the condominium product above the multifamily podium and into the view corridor over the Miami skyline, Biscayne Bay, and the Atlantic.

Residences at JEM Private Residences

The condominium program:

• 259 private condominium residences above the rental podium
• Studios through three-bedroom layouts, plus a Sky Villa collection at the crown
• Approximately 469 to 2,052 square feet for standard residences
• Floor-to-ceiling impact-rated glass throughout
• Fully tiled wraparound terraces with glass railings
• Custom Rockwell Group millwork cabinetry
• Calacatta Gold quartz countertops and backsplashes
• White oak plank flooring
• Miele appliance packages with under-counter wine storage in select layouts
• Side-by-side washer and dryer in each residence

The published reservation pricing structure as of the most recent rollout:

• Studios from approximately $540,000-$600,000
• One-bedroom plus den from approximately $1.1M
• Two-bedroom from approximately $1.4M
• Two-bedroom plus den from approximately $1.85M
• Three-bedroom from approximately $2.0M+
• JEM Sky Villas (FENDI Casa interiors): four-bedroom, four-and-a-half-bath, 5,083-5,277 sf, library, wraparound terrace; from approximately $8M -- one Sky Villa sold for $9M at roughly $2,500 per square foot, setting a Miami Worldcenter price record

A published deposit structure was reported at 20% at contract, 10% 90 days after contract, 10% at a milestone in 2026, and the balance at closing.

Amenities -- The 50th-Floor JEM Club

The amenity program is concentrated on the 50th floor of the tower in what the developer calls the JEM Resort Club -- a fully integrated indoor-outdoor floor with skyline and water exposures on all sides.

Outdoor amenities

• Resort-style pool with cabanas and floating daybeds
• Jacuzzi zone with lounge seating and an outdoor tropical shower
• Alfresco lounge with tropical landscaping and water features
• Sunken lounge surrounded by reflection pools
• Summer kitchen and outdoor dining area
• Yoga patio with adjacent cold plunge and landscaped mist garden
• Outdoor fitness area with a boxing arena and strength equipment

Indoor amenities

• Indoor sky lounge with feature fireplace, custom stone bar, and seating
• Private dining room with wet bar and direct access to the outdoor deck
• Game room and entertainment lounge with custom millwork and billiards
• Spirits tasting room with amber glass shelving and bronze decanter racks
• Fitness center with a private training and yoga studio
• Spa suite with sculptural dry sauna, steam room, and a pink Himalayan salt room
• Private treatment room for in-residence massage and cosmetic services
• Co-working lounge with phone booths and a podcast room

Ground-floor services

• 24-hour attended lobby with bespoke reception desk and lounge area with fireplace
• Grand porte-cochere with 24-hour valet
• Direct connection to the Miami Worldcenter retail promenade

The program is run by a dedicated JEM hospitality team rather than a third-party operator -- a deliberate choice to deliver hotel-style service without an active short-term rental program.

How JEM Compares in Downtown Miami

JEM sits among a tight cluster of branded and Worldcenter-adjacent towers either delivered, under construction, or actively selling in the Downtown core.

A few useful distinctions for buyers:

• JEM is condominium-only above floor 43. That separation from the rental podium is structural, not just marketing.
• No active short-term rental program. Naftali designed JEM around long-term ownership and hotel-style service rather than the STR underwriting model that defines projects like The Crosby and Gale Miami.
• Brand depth via Rockwell + FENDI Casa. The combination of Rockwell hospitality interiors and FENDI Casa Sky Villas slots JEM into a design-led tier rather than a brand-licensing exercise.
• Pricing entry point is among the lowest for a Worldcenter-anchored new-construction condominium with a delivery before 2028.

The Neighborhood -- Downtown Miami and Worldcenter

The neighborhood around JEM is the most actively reprogrammed pocket of the Miami urban core.

Worldcenter and Downtown core

• Miami Worldcenter retail promenade -- open-air pedestrian network with Apple, Sephora, Lucid Motors, Savage X Fenty, Maple & Ash, Serafina, Sixty Vines, and more
• Kaseya Center -- Miami Heat arena, two blocks from the site
• Bayside Marketplace and Bayfront Park -- bayfront waterfront and event space along Biscayne Boulevard
• Museum Park -- 30-acre bayfront park anchored by PAMM and Frost Science

Transit

• MiamiCentral Brightline station -- high-speed rail to Aventura, Fort Lauderdale, Boca Raton, Boynton Beach, West Palm Beach, and Orlando
• Metromover -- free downtown circulator with stations within a short walk
• Metrorail at Government Center, with regional connections

Culture

• Adrienne Arsht Center for the Performing Arts -- Cesar Pelli-designed arts campus on Biscayne Boulevard
• PAMM (Perez Art Museum Miami) -- Herzog & de Meuron-designed museum on the bay
• Frost Science Museum -- planetarium, aquarium, and science exhibitions
• The Underdeck -- 33-acre public park planned beneath the I-395 Signature Bridge, on track with the bridge for late 2027

Adjacent neighborhoods

• Arts & Entertainment District -- immediately north along Biscayne
• Edgewater -- bayfront residential corridor to the northeast
• Brickell -- across the Miami River to the south, accessible by Metromover
• Wynwood and the Design District -- five to ten minutes by car

Miami International Airport is roughly 15 minutes west by car. South Beach is 12 to 15 minutes across the MacArthur Causeway.

Construction Status

Where things stand on JEM:

• April 2024 -- groundbreaking, less than six months after sales launch
• October 2024 -- foundation permit issued
• February 2025 -- vertical construction permit approved
• May 30, 2025 -- foundation pour completed in a continuous ~18-hour operation
• November 2025 -- $465M construction loan closed ($235M C-PACE from Nuveen Green Capital, $230M from Bank Hapoalim)
• February 18, 2026 -- podium topped out at the 11th floor
• March 2026 -- vertical construction of the tower advancing above the podium

Delivery is targeted for Q4 2027. As with any pre-construction project, target dates can slip.

Risks and Realities for Pre-Construction Buyers

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

• Delivery timing. Q4 2027 is the developer target, but Miami delivery dates routinely slip on towers this complex.
• Mixed-use stack. JEM puts 259 condos above 530 multifamily rentals. The condominium experience starts at floor 43, but the building operates as a hybrid asset and the rental population is a permanent feature of the tower below.
• Worldcenter delivery pipeline. Several large Worldcenter-anchored towers are delivering in the same window. New supply can shift comp pricing in both directions.
• HOA and service load. Hospitality-grade staffing is rich. Underwrite carrying cost with a margin.
• Deposit schedule. Verify the exact reservation, contract, milestone, and closing dates before signing.

FAQ

What is JEM Private Residences?

JEM Private Residences is a 67-story, 700-foot pre-construction condominium tower at 1016 NE 2nd Avenue in Miami Worldcenter, developed by Naftali Group. It includes 259 private condominium residences on floors 43 and above, with 530 multifamily rental units in the podium below.

Who is developing JEM Private Residences?

Naftali Group, the New York-based firm led by Miki Naftali. JEM is Naftali's first Miami project. Construction is by Coastal Construction, and sales are handled by OneWorld Properties.

Who designed JEM Private Residences?

Architecture by Arquitectonica, interiors by Rockwell Group, landscape by EDSA. The two penthouse JEM Sky Villas at the crown of the tower have interiors by FENDI Casa.

How much do JEM Private Residences cost?

Standard residences are priced from approximately $540,000 for studios, with one-bedroom plus den from roughly $1.1M, two-bedroom from $1.4M, and three-bedroom from $2.0M+. The JEM Sky Villas with FENDI Casa interiors are priced from approximately $8M -- one sold for $9M at roughly $2,500 per square foot.

How many residences are at JEM Private Residences?

There are 259 condominium residences on floors 43 and above, ranging from approximately 469 to 2,052 square feet, plus a JEM Sky Villas collection at the crown of the tower with floor plans of 5,083 to 5,277 square feet and four bedrooms each.

When will JEM Private Residences be completed?

Delivery is targeted for Q4 2027. The podium topped out on February 18, 2026, and vertical construction is advancing on the residential tower above.

Are short-term rentals allowed at JEM?

JEM is structured for long-term ownership with hotel-style service rather than a short-term rental program. Naftali has not launched an STR rental program at the building.

Where is JEM located in Miami Worldcenter?

1016 NE 2nd Avenue, on the northern edge of the Miami Worldcenter master plan. The site sits roughly a 10-minute walk from MiamiCentral Brightline, two blocks from Kaseya Center, and directly onto the Worldcenter retail promenade.

Who is handling sales at JEM Private Residences?

OneWorld Properties, the Florida brokerage led by Peggy Olin, is the exclusive sales and marketing brokerage for JEM. The brokerage handled the record $9M Sky Villa sale in 2024.

Bottom Line

JEM Private Residences is the most architecturally serious of Miami Worldcenter's residential towers: 67 stories of Arquitectonica massing, Rockwell Group interiors, and a pair of FENDI Casa Sky Villas at the crown, all anchored by Naftali Group's New York condominium track record. With the podium topped out in February 2026, $465M of construction financing closed, and a Q4 2027 delivery target, JEM is past the highest-risk phase of a Miami pre-construction project. Entry pricing from $540,000 keeps it accessible relative to the rest of the branded-residence segment.

Want a Data-Driven Read on JEM Private Residences?

If you're evaluating a pre-construction reservation -- residence size, exposure, deposit structure, or how JEM compares against the broader Miami Worldcenter delivery pipeline -- reach out to Kyle Lieberbaum.

View the JEM Private Residences 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, and delivery timelines can change between launch and completion. Always verify details directly with the official sales team and developer materials before making any reservation or purchase decision.