Steve Witkoff Unveils Miami Waterfront Redevelopment
Steve WitkoffSteve Witkoff Leads $1.2 Billion Redevelopment of Iconic Miami Waterfront Property
Miami, FL – May 2, 2025 – Real estate mogul Steve Witkoff, in partnership with a consortium of international investors, has announced plans for a massive $1.2 billion redevelopment of a prime Miami waterfront site, aiming to transform it into a luxury mixed-use destination.
The project, dubbed 'Marina Grand Miami,' will include a 70-story ultra-luxury condominium tower, a five-star hotel, high-end retail spaces, and a state-of-the-art marina capable of hosting superyachts. Located on Biscayne Bay, the development is expected to become one of Miami’s most exclusive addresses upon completion in 2028.
Witkoff, known for his high-profile real estate ventures in New York, Los Angeles, and now Miami, called the project a 'once-in-a-generation opportunity.'
'Miami continues to be a magnet for global capital and elite buyers,' Witkoff said at a press conference. 'This development will redefine luxury living and further cement the city’s status as a world-class destination.'
The announcement comes amid a surge in Miami’s real estate market, fueled by an influx of wealthy investors and businesses relocating from other states. Analysts predict the Marina Grand will attract interest from international buyers, particularly from Latin America and Europe.
Local officials have praised the project for its potential to create thousands of jobs and boost tourism. However, some community activists have raised concerns about affordability and the impact on long-time residents.
Witkoff’s firm has pledged to allocate $25 million toward affordable housing initiatives in Miami-Dade County as part of the deal.
With construction set to begin in early 2026, all eyes are now on Witkoff as he takes on his most ambitious project to date.
— The Miami Herald
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