Two Roads Starts Work on Miami Condo Tower After Yearslong Delay
The project had been stalled by years of litigation.
Two Roads Development has begun demolition at the site of EDITION Residences Edgewater Miami, a 55-story, 185-unit luxury waterfront condominium development in the Edgewater neighborhood. The project had previously been stalled by years of litigation from several owners of units in the previous condo community that refused to sell to Two Roads Development.
The project is slated for completion in 2029.
Two Roads Development reached an out-of-court settlement in September with the last of the Biscayne 21 holdouts reportedly valued at $50 million. The settlement came more than four years after Two Roads Development proposed EDITION Residences Edgewater Miami on the 3.5-acre site.
Also in 2022, the South Florida-based real estate development firm secured a $105 million senior mortgage loan from Bank OZK and a $45 million mezzanine loan from Lionheart Strategic Management LLC for the project. At the time, Lionheart officials pointed to the property’s waterfront views and proximity to Miami Beach, downtown Miami, Brickell, Wynwood and the Design District as some of the reasons for providing the mezzanine financing.
In recent years, the Edgewater neighborhood has been transformed into an upscale district with numerous mid- and high-rise condominiums. Two Roads Development has been the developer of two of those developments—The Elysee Miami, a 52-story, 100-unit tower completed in 2020, and Biscayne Bay, a 52-story, 391-unit community completed in 2017 with GTIS Partners.
Eyes on EDITION
EDITION Residences Edgewater Miami is designed by Arquitectonica, led by Bernardo Fort-Brescia, with interiors by Studio Munge and landscape architecture by ESDA. The tower will have 185 private units with a mix of one-bedroom plus den to four-bedroom homes ranging in size from 1,922 to 3,760 square feet. The residences will have semi-private elevators that open into private foyers. There will also be three tri-level penthouses. Residences will feature floor-to-ceiling glass windows and doors, and 10- to 14-foot ceilings and terraces with views of Biscayne Bay, the Atlantic Ocean, Miami Beach and downtown Miami.
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The condo community will feature 45,000 square feet of indoor and outdoor amenities including a pool deck and lounge with food and beverage service, a social lounge, a library, a screening room, an entertainment area, a conference room and a private dining room. The property will also have a wellness center and full-service spa with relaxation area, steam room and sauna. A fitness room with yoga and personal training studios will also be available along with a multi-sport simulator and two pickleball courts.
The property will also have more than 800 linear feet of waterfront frontage including a connection to the Miami Baywalk and Margaret Pace Park.
Current projects under construction
Two Roads has also been active outside the Miami area, most recently in Nevada, where the firm has teamed up with Azure Resorts & Hotels and Luxus Developments on Four Seasons Private Residences Las Vegas, a luxury condo community in Henderson, Nev. with 171 residences. The partners topped out the project last month and are aiming for a late 2027 delivery.
Also in October, the developer topped out on Pendry Residences Tampa, a 38-story mixed-use property with 218 hotel keys and 190 private residences at 100 S. Ashley Drive in Tampa, Fla. The project is slated for delivery next year.
Back in Miami, Two Roads Development and Newgard Group secured $513 million in financing last year for their One Brickell Riverfront condominium project. In one of the largest residential construction financing deals in South Florida in 2025, the developers received $370 million in senior financing from a private lender and a $143 million mezzanine loan from 3650 Capital. Slated for completion in August 2027, the project has two condo towers atop a shared podium. LOFTY Brickell and The Standard Residences Brickell will stand 44 and 46 stories, respectively, and have a total of 784 residences.
