A New Chapter for South Beach Waterfront Living
The Miami Beach Design Review Board has unanimously approved plans for 1250 West Avenue Miami Beach, a 330-foot luxury condominium tower that will replace the aging Bay Garden Manor building on one of South Beach’s most coveted bayfront sites. Developed by Terra in partnership with RG Development Group and GV Development, this 106-residence tower represents a decisive shift toward larger, lower-density waterfront living in a neighborhood that has quietly become one of Miami Beach’s most desirable corridors.
Located at 1250 West Avenue, Miami Beach, FL 33139, the newly approved 1250 West Avenue development will rise 28 stories and 330 feet on the Biscayne Bay waterfront. The project will feature 106 luxury condominium residences averaging approximately 3,500 square feet each, with floor plans ranging from 1,692 to 5,066 square feet. Two penthouse residences will include private rooftop pool decks. Amenities include two swimming pools, a padel court, an expansive fitness center, underground parking with 250 spaces, and 2,685 square feet of ground-floor commercial space. The development team includes Terra (led by CEO David Martin), RG Development Group, and GV Development, with architecture by ODP Architecture and Design.
Why 1250 West Avenue Miami Beach Matters
West Avenue occupies a distinct position within South Beach. It sits along the Biscayne Bay shoreline with panoramic views stretching across to the Downtown Miami skyline, Star Island, and the Port of Miami. Yet despite its proximity to Lincoln Road, Sunset Harbour, South of Fifth, and the Venetian Causeway, it maintains a calm, residential character that stands apart from the higher-traffic corridors of the Beach.
That combination is increasingly rare and increasingly valuable. Buyers at the upper end of the market are gravitating toward locations that offer waterfront access and walkable convenience without the congestion that defines much of Miami Beach. West Avenue delivers precisely that, and 1250 West Avenue is positioned to become the corridor’s defining new address.
The bayfront setting is particularly compelling. Residences will face west across Biscayne Bay, offering unobstructed sunset views over the Miami skyline. For buyers accustomed to evaluating waterfront properties across Indian Creek, North Bay Road, and the Star, Palm, and Hibiscus Islands, this project introduces a new option: full-service bayfront living without the maintenance responsibilities of a single-family estate.
The Development Team Behind the Tower
Terra, one of South Florida’s most established development firms, is leading the project. Founded by CEO David Martin, Terra has assembled a portfolio exceeding five million square feet of residential and commercial real estate valued at more than $8 billion, with an additional $14 billion in the pipeline. The firm’s track record includes Grove at Grand Bay (designed by Bjarke Ingels), Park Grove (designed by Rem Koolhaas/OMA), Villa Miami in Edgewater, and the 800-room Grand Hyatt at the Miami Beach Convention Center.
Terra is partnered with RG Development Group and GV Development, the firm founded by Italian entrepreneur Gianluca Vacchi. The partnership brings both international perspective and deep South Florida development experience to the project.
The architecture is by ODP Architecture and Design, a Hollywood, Florida-based firm that has served as architect of record for some of the region’s most significant projects, including One Thousand Museum with Zaha Hadid Architects, Paramount at Miami Worldcenter with Elkus Manfredi Architects, and the Apple Flagship Store at Aventura Mall with Foster + Partners. Their expertise in Florida-specific building codes, municipal approvals, and constructability challenges makes them a natural fit for a project of this complexity.
What the Residences Will Offer
The project’s unit count tells an important story. Where the existing Bay Garden Manor packs 238 units into 15 stories, the new tower will house just 106 residences across 28 floors. That reduction in density, from roughly 16 units per floor to fewer than four, translates directly into the kind of spacious, private living experience that today’s luxury buyer expects.
Residences will average approximately 3,500 square feet, with individual layouts ranging from 1,692 to 5,066 square feet. Two penthouse residences will crown the tower, each featuring a private rooftop pool deck and dedicated amenity space. Building-wide amenities include two swimming pools (one at ground level, one on the rooftop), a padel court, and an expansive fitness center. Underground parking accommodates 250 vehicles, and the ground floor will include 2,685 square feet of commercial space.
The design also emphasizes landscape and open space. Tropical gardens maintained by pollutant-filtered bioswales will surround the building, and the development agreement requires the team to construct new Baywalk segments, extending the continuous waterfront promenade that is gradually transforming how Miami Beach residents experience the bay.
The Redevelopment Story
The path to approval reveals how Miami Beach’s waterfront landscape is evolving. Bay Garden Manor, the current building at the site, was constructed in 1964. Like many older waterfront condominiums across South Florida, it sits on land whose value has far exceeded the building itself. Rising insurance costs, structural maintenance demands, and shifting buyer expectations have made redevelopment both economically logical and practically inevitable for properties like these.
The developers acquired more than 95 percent of Bay Garden Manor’s 238 units from over 100 individual owners, assembling the site for approximately $120 million in September 2025. The acquisition was financed with a $98 million loan from Northwind and included the nearby Bikini Hostel property at 1247 West Avenue.
The Miami Beach City Commission subsequently approved an overlay zoning district that allowed the tower to rise to 330 feet, more than double the previous 150-foot height restriction. In exchange, the developers agreed to build at lower density than previously permitted, design and fund new Baywalk segments across four properties, and redevelop the Bikini Hostel into a public park. During the Design Review Board meeting, more than a dozen Miami Beach residents spoke in favor of the proposal.
Public Benefits and Community Impact
The community commitments tied to this project extend well beyond the building itself. The development team is required to design and fund new Baywalk segments across four properties: 1250 West Avenue, 1228 West Avenue, 800 West Avenue, and 1450 Lincoln Road. This will meaningfully expand the continuous bayfront walkway that connects South Beach’s west side.
Additionally, the Bikini Hostel property across the street will be redeveloped into a city park, adding publicly accessible green space to a neighborhood that has historically been underserved in that regard. The developer has also committed to mitigation measures during demolition and construction, including washing nearby cars and windows for surrounding residents.
Baywalk plans are currently under review by the U.S. Army Corps of Engineers and the State of Florida. The development team is additionally negotiating with neighboring Bayview Terrace regarding a Baywalk segment behind that property, though the issuance of a certificate of occupancy for the new tower would not be contingent on reaching that agreement.
West Avenue in Context: How It Compares
For buyers evaluating Miami Beach’s waterfront market, 1250 West Avenue enters a competitive landscape alongside several notable developments. Nearby on West Avenue, Sunset Islands and the Sunset Harbour submarket offer single-family and boutique condo options, while Faena House and the forthcoming Perigon represent ultra-luxury on the oceanfront side. In South of Fifth, Apogee and Continuum remain benchmarks for full-service waterfront living.
What distinguishes 1250 West Avenue is the combination of new construction, bayfront orientation, generous unit sizes averaging 3,500 square feet, and a location on South Beach’s quieter western edge. For buyers who want the convenience of Miami Beach without the intensity of Ocean Drive or Collins Avenue, this address offers a compelling alternative.
Investment Perspective
As of May 2026, pricing for individual units at 1250 West Avenue has not been publicly released. However, the development economics offer context. The $120 million land acquisition across 106 planned units translates to roughly $1.13 million per unit in land cost alone, before accounting for construction, finishes, amenities, and developer margin.
Comparable new construction along the Miami Beach waterfront has traded in the $2,000 to $3,500 per square foot range depending on location, floor level, and finishing standard. At an average unit size of approximately 3,500 square feet, that would suggest a potential price range in the mid-single-digit millions to well above $10 million for larger and upper-floor residences. Penthouse pricing will likely command a significant premium.
The broader market context is also relevant. Miami Beach’s luxury waterfront segment continues to be driven by scarcity. There are a finite number of bayfront and oceanfront development sites, and projects that reduce density while increasing unit size are responding to demonstrated buyer demand. For investors evaluating pre-construction opportunities, 1250 West Avenue represents a rare chance to acquire new bayfront inventory in an established South Beach location. Those exploring Miami’s most secure and prestigious neighborhoods will find West Avenue increasingly worthy of consideration.
Frequently Asked Questions
What is being built at 1250 West Avenue Miami Beach?
A 28-story, 330-foot luxury condominium tower with 106 residences is being built at 1250 West Avenue, Miami Beach, FL 33139. The project replaces the 1964-built Bay Garden Manor and is developed by Terra, RG Development Group, and GV Development, with architecture by ODP Architecture and Design. Residences will average approximately 3,500 square feet, with two penthouses featuring private rooftop pools.
Who is the developer of 1250 West Avenue?
Terra, led by CEO David Martin, is the lead developer. Terra has a portfolio exceeding $8 billion in completed projects including Grove at Grand Bay, Park Grove, and Villa Miami. Partners include RG Development Group and GV Development, founded by Italian entrepreneur Gianluca Vacchi. The architect is ODP Architecture and Design, known for One Thousand Museum and Paramount Miami Worldcenter.
How much will condos at 1250 West Avenue cost?
Official pricing has not been released as of May 2026. However, based on the $120 million land acquisition, comparable new construction pricing in Miami Beach ($2,000 to $3,500 per square foot), and average unit sizes of approximately 3,500 square feet, residences are expected to range from the mid-single-digit millions to above $10 million, with penthouses likely commanding a significant premium.
What amenities will 1250 West Avenue offer?
Planned amenities include two swimming pools (ground level and rooftop), a padel court, an expansive fitness center, underground parking with 250 spaces, tropical gardens with pollutant-filtered bioswales, and 2,685 square feet of ground-floor commercial space. The two penthouses will have private rooftop pool decks and dedicated amenity areas.
What is happening with the Baywalk at 1250 West Avenue?
As part of the development agreement with the City of Miami Beach, the developers are required to design and fund new Baywalk segments across four properties: 1250 West Avenue, 1228 West Avenue, 800 West Avenue, and 1450 Lincoln Road. They will also redevelop the Bikini Hostel across the street into a public city park. Baywalk plans are currently under review by the U.S. Army Corps of Engineers.
When will 1250 West Avenue Miami Beach be completed?
The project received unanimous approval from the Miami Beach Design Review Board in May 2026. A completion timeline has not been officially announced. The existing Bay Garden Manor building must still be demolished, and the developers are working through additional regulatory approvals including Army Corps of Engineers review of the Baywalk plans. Construction is expected to take several years from groundbreaking.
For complete details on floor plans, pricing, amenities, and pre-construction availability, visit our dedicated 1250 West Avenue Miami Beach property page.
Final Thoughts
The approval of 1250 West Avenue Miami Beach marks a significant moment for South Beach’s western waterfront. With Terra’s proven development track record, ODP’s architectural pedigree, and a design philosophy that prioritizes space and privacy over unit count, this project is positioned to set a new standard for bayfront living on West Avenue. For buyers and investors watching Miami Beach pre-construction, this is a development worth following closely from the earliest stages.
For private showings, pre-construction advisory, or more information about 1250 West Avenue Miami Beach and other luxury developments along the Miami Beach waterfront, contact David Nguah at +1 (786) 200-3966 or info@miamisrealestate.com. David is a luxury real estate advisor with Douglas Elliman specializing in Miami Beach waterfront properties and pre-construction opportunities.