New York-based SB Development Group and Hazelton Capital Group have secured $170 million in construction and land financing from Bravo Property Trust, the lending platform affiliated with Bravo Capital, for the development of Cove Miami, a 40-story luxury condominium tower in Miami’s Edgewater neighborhood.
“Securing this financing marks another significant milestone in Cove Miami’s journey. With Bravo’s support, we are excited to continue developing this one-of-a-kind luxury tower,” said Joseph Stern, Co-Founder and Principal at SB Development Group. “Edgewater is one of Miami’s most understated yet dynamic neighborhoods, and Cove Miami will help further establish the area as the city’s next premier luxury market.”
Since its founding in 2021, Bravo Property Trust has originated more than $1.8 billion in financing for large-scale residential and mixed-use projects. “We’re always chasing quality, and often that comes with ambitious, experienced sponsors,” said Aaron Krawitz, Founder and CEO of Bravo Capital. “SB Development and Hazelton’s vision for Cove Miami delivers a top-tier product at a time when supply in the $1M–$2M range is limited and demand for well-located, high-end residences is strong. It’s a standout opportunity in one of Miami’s most dynamic neighborhoods.”
Set along the shores of Biscayne Bay, Cove Miami will feature 134 luxury residences designed by Kobi Karp and Dieguez Fridman, ranging from one- to four-bedrooms with floor-to-ceiling windows, expansive wraparound terraces, and nature-inspired finishes. Residents will enjoy a comprehensive amenity collection, including an infinity pool with private cabanas, Tranquility Spa with hammam and cold plunge, state-of-the-art fitness and yoga studios, rooftop lounge with outdoor kitchen, private dining room with chef’s kitchen, grand theater, wine and library rooms, game lounge, pet spa, co-working and private office suites, dock access, and an on-site waterfront restaurant. Additional lifestyle conveniences include LEAA Healthcare on-demand services and Zipcar car-sharing.
“We couldn’t be more excited to bring Cove Miami to Edgewater,” said Adam Westreich, Principal at Hazelton Capital Group. “Our goal is to create a residential experience that feels elevated yet authentic to the neighborhood — one that residents will be proud to call home.”
OneWorld Properties will serve as the exclusive sales team for Cove Miami.
For further details on Miami condo sales, please reach out to David Freed, your dedicated Realtor specializing in Brickell, Miami.
