MIAMI-Aventura-based Sky Development Inc. is developing a $180-million mixed-use project that will include townhomes, lofts, retail, office and hotel space. The plan will rise on 7.4 acres at 2900 Waterways Blvd. in the Aventura section of Miami Beach.

The project has not yet been named, but it will include 104 townhomes and lofts, 45,000 sf of retail space, 142,000 sf of class A office space and a hotel. The size of the hotel has not yet been determined. Sales are expected to start in the spring with groundbreaking anticipated by the end of the year, Sky Development Inc. CEO Yizhak Toledano tells

The site, on Biscayne Boulevard and Waterways Boulevard at NE 207th Street, is the biggest site available for development in Aventura. “Our vision is to create a landmark development that offers residents a true live, work, play lifestyle,” says Toledano. “It will be true mixed-use project.”

The project is expected to be completed 24 months after groundbreaking. Sky Development is in negotiations with several hotel operators, but an agreement has not yet been reached. Pricing information for the residential units has not yet been established, Toledano says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.