JEM Private Residences Reaches Podium Top-Out Milestone
Construction at JEM Private Residences in [Downtown](/downtown) has reached the podium top-out, moving the 67-story tower into its vertical construction phase.
Construction Progress in Downtown
Construction at JEM Private Residences has reached a significant milestone with the topping out of the building's podium. This achievement marks the completion of the 11th floor of the tower located at 1016 NE 2nd Avenue. The project, being developed by Naftali Group, is now moving into its vertical construction phase.
Project Specifications and Timeline
Located within the Miami Worldcenter, JEM Private Residences is a 67-story condominium tower. The project features 273 units, including a variety of layouts from studios to four-bedroom residences. The upper levels will feature Sky Villas with interiors by FENDI Casa.
Design for the tower was handled by Arquitectonica, with interior work provided by Rockwell Group and landscape architecture by EDSA. Construction began in April 2024, and the developer, Naftali Group, secured $465 million in construction financing in 2025. The completion of the tower is expected in the fourth quarter of 2027. Residential units are scheduled to begin on the 43rd floor.
Local Market Context
For those looking at the Downtown market, JEM Private Residences sits in a high-density area with several established neighbors. Nearby options include Jem Miami Worldcenter, which currently has active listings starting from $645,000 with a median asking price of $1,392 per square foot.
Other nearby buildings include One Thousand Museum, Marquis, Ten Museum Park, 900 Biscayne Bay, and Marina Blue.
As of August 2026, the Downtown market features 559 active condo listings with a median asking price of $820,000 ($920/sq ft).
Sources
Florida YIMBY: Podium Construction Tops Out at JEM Private Residences in Miami Worldcenter - Florida YIMBY — https://floridayimby.com/2026/02/podium-construction-tops-out-at-jem-private-residences-in-miami-worldcenter.html
Frequently asked questions
When is JEM Private Residences expected to be completed?+
The completion of the tower is expected in the fourth quarter of 2027.
What types of units are available at JEM Private Residences?+
The project features 273 units with a variety of layouts ranging from studios to four-bedroom residences.
What is the height of the JEM Private Residences tower?+
JEM Private Residences is a 67-story condominium tower.
Where are the residential units located within the building?+
Residential units are scheduled to begin on the 43rd floor.
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