The exterior of Ella Miami Beach, one of a number of new residential developments helping put the formerly sleepy community of North Beach on condominium buyers’ maps.
Constellation Group/The Boschetti Group
Relaxed and leisurely. That’s how North Beach, the Miami Beach neighborhood that stands in sharp contrast to oft-electric South Beach, was usually described. The family-friendly enclave marched to its own drummer, typically tapping a laid-back beat.
But the enclave once best described as “sleepy” is experiencing a true metamorphosis. A swell of new developments priced for just about every buyer has hit the nook, and North Beach is unlikely to ever be quite the same. In 2017, voters approved a change to the floor-area-ratio in North Beach Town Center. That opened the floodgates for the announcement of fresh new projects. Eight years later, 14 new developments are being created within an eight-block area. Noteworthy in Miami Beach, where new construction prices usually begin north of $1 million, Ella Miami Beach is a boutique condominium whose residences start at $600,000. With a slated completion in Q1 2027, the development from Constellation Group and Boschetti Group is 65% sold.
“North Beach has become the ‘hole in the donut,’ so to speak,” says Scott Wadler with Berkadia, which secured financing to develop Ella Miami Beach. “Bal Harbour and Surfside to the north are largely built out with single-family density, and mid-beach to the south is also largely built out with single-family density. North Beach is ripe for new development and has become highly desirable, given proximity and incredible views both east and west — ocean and bay.”
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