- Villa Miami, a 56-story waterfront condo tower, is the first residential project by Major Food Group (MFG), supported by Tyko Capital’s $285M loan.
- The development will feature 70 units starting at $5M, with kitchens designed by Mario Carbone and exclusive dining experiences for residents.
- Completion is expected by late 2027, with half the units already under contract, appealing to affluent baby boomers.
Villa Miami, a new 56-story luxury condominium project branded by Major Food Group (MFG), has secured a $285M construction loan from Tyko Capital, backed by Elliott Investment Management. According to Bloomberg, this waterfront tower, developed by Terra Group and One Thousand Group, represents a bold fusion of high-end dining and residential living, with delivery expected in late 2027.
The Details:
The 650-foot-tall Villa Miami, located on the waterfront, will feature 70 units priced from $5M. Celebrity chef Mario Carbone will design kitchens, and residents will have access to curated dining experiences through a private club. Additionally, a new MFG restaurant will occupy the building’s ground floor.
Terra CEO David Martin noted that buyers are primarily affluent baby boomers, many purchasing secondary residences. Half the units are already under contract, underscoring Miami’s demand for branded luxury living.
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Why It Matters:
Major Food Group’s foray into branded luxury real estate reflects a growing trend of integrating lifestyle brands into high-end property developments. By leveraging MFG’s culinary reputation, Villa Miami offers a unique value proposition that combines luxury living with exclusive dining.
Moreover, Tyko Capital’s financing aligns with its aggressive investment in Miami’s luxury real estate market, which has seen significant activity. This includes loans for the St. Regis Residences and prominent office buildings housing top financial firms like Citadel.
What’s Next:
Villa Miami highlights the intersection of lifestyle branding and luxury development, a trend gaining traction in Miami and beyond. With a blend of culinary excellence and high-end design, this project could pave the way for similar collaborations in the luxury real estate market.
