Faena, the globally renowned lifestyle brand, is making its highly anticipated move from Miami Beach to the Miami River, introducing a new chapter of luxury and cultural immersion with Faena Residences Miami River. This project, co-developed by Edgardo Defortuna’s Fortune International Group and Shahab Karmely’s KAR Properties, will anchor the forthcoming Faena District Miami River, transforming the area with its architectural elegance and commitment to artistic expression.
The development will feature two striking riverfront towers designed by the late and celebrated architect Rafael Viñoly—one of his final works. These towers will host 440 exclusive residences, offering unparalleled views of the Miami skyline and the river, with unit prices ranging from $1 million to over $4 million. With its innovative design, Faena Residences Miami will seamlessly integrate a blend of luxury, art, and wellness, becoming a new symbol in Miami’s real estate landscape.
Located at 90 SW 3rd Street, the Faena Residences Miami will connect the two towers via a sky bridge that will house an impressive 45,000-square-foot amenity space, curated by the Faena brand. This two-story cultural epicenter will offer residents access to a range of wellness and lifestyle facilities, including curated cultural spaces, a private marina, and recreational areas. The Faena District Miami River will extend over three blocks, featuring Miami’s only 14-acre private park along the river.
The project marks Faena’s second major development in South Florida, following the success of the Faena District in Miami Beach, which includes the iconic Faena House condominium, Faena Hotel, and Faena Forum. As Alan Faena himself expressed, the new district aims to create a vibrant community rooted in artistic expression, cultural immersion, and well-being. “This new Faena District on the river embodies the true essence of Faena in one of Miami’s most vibrant neighborhoods, offering Miami’s first fully resident-centric design aimed at enhancing well-being and elevating the experience of happiness.”
As sales begin in Q4 2024, anticipation is growing around the impact of the Faena Residences Miami River and its contribution to downtown’s ongoing transformation. Defortuna and Karmely’s collaboration aims to build on the Faena legacy while bringing new energy to the Miami River, creating a cultural hub where residents will enjoy not only luxurious living spaces but also unique experiences that blend wellness, art, and lifestyle.
The development is expected to break ground by early 2026, with its completion set to add a new chapter to Miami’s dynamic skyline.