MIAMI BEACH, FL — [Date] — Witkoff Group, in partnership with Ocean Terrace Holdings—a collaboration between Alex Blavatnik and Sandor Scher—has officially launched sales for Ocean Terrace, a transformative oceanfront mixed-use development redefining North Beach, Miami Beach.
With architecture by Revuelta Architecture International and interiors by RAMSA (Robert A.M. Stern Architects), Ocean Terrace introduces an architectural statement that embraces Miami Beach’s scenic beauty and refined coastal spirit. Situated directly on the ocean between 74th and 75th Streets, the development features 350 feet of pristine shoreline and comprises a rare collection of 52 private condominium residences, a separate tower with 24 resort residences, and a RAMSA-designed historic hotel offering 42 luxury guestrooms. All are set above thoughtfully curated retail spaces that will enrich and activate the neighborhood streetscape.
“True to its name, Ocean Terrace is deeply connected to its setting—framed by cinematic ocean and park vistas,” said Alex Witkoff, Chief Executive Officer of Witkoff Group. “The development offers 350 feet of direct ocean frontage and sweeping, uninterrupted views that stretch a mile to the north, with amenities that appear to float above the shoreline.”
Rooted in craftsmanship and timeless design, Ocean Terrace bears the signature touch of RAMSA, whose portfolio includes Shore Club Private Collection in Miami Beach and landmark residences such as 20 East End Avenue and 30 Park Place in New York. Residences feature Parquet de Versailles white oak flooring, custom RAMSA cabinetry, natural stone countertops, and chef-caliber Gaggenau appliances, along with private elevators in each home.
Ranging from one-bedroom plus den to five-bedroom layouts in the condominium tower, and fully furnished one- to four-bedroom residences and penthouses in the resort tower, the interiors merge Miami Modern and Art Deco influences with nods to mid-century Brazilian and French modernism. Every home opens to an expansive private terrace with panoramic ocean, park, and skyline views—a rare combination in South Florida.
“Our practice is known for architecture, but at Ocean Terrace we were especially inspired by the interior experience,” said Paul Whalen, Partner at RAMSA. “We envisioned an authentic Miami Beach lifestyle that draws from the city’s multiple modernist traditions to create something truly timeless.”
Residents will enjoy more than 18,000 square feet of interior amenities, including a sculpted lobby, a state-of-the-art fitness center overlooking the ocean, a library, and a tea room featuring custom millwork, wood-paneled walls, and stone flooring. Outdoors, approximately 50,000 square feet of amenity space includes a private porte-cochere and motor court, two oceanfront pools—one for sunrise, one for sunset—with cabanas and dining service, and a series of open-air spaces designed for relaxation and connection. Landscape design by ENEA weaves together the project’s architecture with North Beach’s natural character.
“Ocean Terrace is a testament to our vision of elevating North Beach with a blend of timeless design and modern sophistication,” said Alex Blavatnik, Co-Founder of Ocean Terrace Holdings. “Every detail—from the curated amenities to the expansive oceanfront views—has been crafted to create a serene and elegant residential experience.”
At the heart of Ocean Terrace is a five-acre park designed by Raymond Jungles, a reimagined public green space that integrates nature, art, and community. Featuring a large-scale installation by acclaimed Parisian sculptor Prune Nourry, the park—now open—marks the first phase of the neighborhood’s renewal and establishes the tone for its transformation into a lively coastal destination.
“With acres of beachfront, a world-class park, luxury retail, and hospitality, there’s nothing comparable on Miami Beach,” said Sandor Scher, Co-Founder of Ocean Terrace Holdings. “Our goal was to create an iconic development that combines private sanctuary with placemaking—preserving the area’s historic charm while introducing a new standard of sophistication.”
In addition to its residential, retail, and hospitality offerings, Ocean Terrace will feature an exclusive private Members Club, offering refined dining, social, and wellness spaces for residents seeking a more personal and intimate environment.
Sales for Ocean Terrace are now underway, with pricing starting at $6.3 million. Douglas Elliman Development Marketing serves as the project’s exclusive sales and marketing representative. Completion is slated for 2029.
Feel free to reach out to David Freed, a Miami Real Estate Agent, for any of your real estate needs in Brickell and Miami.
