Miami River, Downtown
Faena Residences Miami
A proven brand on 327 feet of river frontage, sold before a shovel is in the ground. Buy a water-facing line and underwrite the builders, not the name.
- From
- $1.5M
- Floors
- 68, two towers
- Residences
- 434
- Delivery
- 2029 (target)
- Stage
- Permitted Oct 2026, not yet vertical
25
lots within a quarter mile of Faena could still be built on.
The nearest is a vacant lot at 55 SW Miami Avenue Road, 340 ft away. Already coming: LOFTY Brickell (rising, 700 ft), SIRO Brickell (planned, 700 ft) and Baccarat (rising, 1,100 ft).
County parcel records, Oct 17, 2026; not checked on the street. See them on the 3D map ›
Strengths
- Every line faces water except one. The two towers form a V that opens to the river.
- Faena has already delivered a full district on Miami Beach, so the experience is a known quantity.
- Rafael Viñoly design with a sky-bridge club near the top. No other tower in the neighborhood has anything comparable.
Risks
- Line 06 (the 711 and 910 sq ft one-bedrooms, floors 14–48) is the only stack without a water view. It is also the entry price.
- Construction and delivery sit with Fortune International and KAR Properties. Faena is the brand and operator.
- The new-construction permit was issued October 9, 2026, so a 2029 delivery leaves little room for delay. A demolition permit is active on the lot next door at 96 SW 3rd Street.
Before you sign
- Ask whether the part of your deposit above 10% can be released for construction. Florida allows it when the contract says so.
- Request the view study for your exact line and floor. Then compare the river view against the lots to the west on our 3D map.
- Entry asking price is about $2,100 per sq ft. Finished towers next door have closed at $350–$700 per sq ft. An asking price and a closed sale are different numbers, so don't expect resale to track the launch price; plan to hold.
- Ask what share of the building is under signed contract with deposits posted. Reservations are not sales.
- Ask for the condo budget: HOA per sq ft, the reserve study and the insurance line. Florida now requires full structural reserves, and they flow into your fees.
Cash due, by date
Schedule on a $1.5M residence, the entry price.
- 20%At contract$300K20% paid
- 10%120 days after signing$150K30% paid
- 10%One year after signing$150K40% paid
- 10%When the top residential floor is poured$150K50% paid
- 50%At closing$750K100% paid
Faena's developer deposit form, June 2026. The signed contract controls.
Plan to hold
Plan to hold about 5 years.
- TodaySign and fund the first deposits
- 2029Building finished (target)
- About 2030Developer reaches about 95% sold, using closing credits along the way
- 2030–31Your clean resale window opens
The rule we use: your real chance as a reseller starts once the building is finished and the developer is about 95% sold, usually within a year of completion. Before that, the developer undercuts resales with closing credits and incentives, and every early buyer is trying to sell at the same time. If the finish date slips, the plan moves with it.
Built next door
How the finished towers around Faena Residences Miami rate. They are your future neighbors, and your alternative if you would rather buy built.
- Wind by Neonext door · built 2008Review3.5
- Mint at Riverfront110 m · built 2010Review3.5
- Ivy at Riverfront130 m · built 2008Review3.5
Ratings out of 5 by Ryan's Rankings.
The other towers we brief
Compiled by GroundFloor from developer materials, Miami-Dade and City of Miami records, construction reporting, and our own site visits. Neighbor ratings by Ryan's Rankings. Verify every figure against your contract and condominium documents. Updated October 17, 2026.