The neighborhood of Edgewater in Miami has undergone rapid and significant transformation, becoming one of the city’s most exclusive areas with a surge in high-end condominium developments. This evolution can be attributed to the overall growth and development happening in Miami, with Wynwood and the Design District paving the way for upscale transformations in previously overlooked areas. With around $500 million in property acquisition investments by developers since 2020, pricing in Edgewater has soared to unprecedented levels, reaching up to $2,200 per square foot.
Numerous commercial and residential projects have been announced in Edgewater in recent years. Whole Foods has signed a lease for a location in the area, while residential developments from prominent developers such as Melo Group, Two Roads Development, and Terra have added to the neighborhood’s appeal. Talks are underway between developers and urban planners to enhance the streetscape and public arts in Edgewater, aiming to improve the overall aesthetic and appeal of the bayfront enclave.
David Martin, the CEO of Terra and One Thousand Group, emphasizes the growth of Edgewater as a result of new residential developments attracting a full-time resident population, thereby drawing in new retail, dining, and infrastructure options, making the area more desirable. The proximity of Edgewater to cultural attractions such as theaters, museums, and Michelin-starred restaurants adds to its appeal, making it a vibrant and dynamic neighborhood in Miami’s landscape.
Various high-profile residential developments are currently in progress in Edgewater, showcasing the neighborhood’s high-octane activity. Edition Residences, Aria Reserve Miami, and Villa Miami are among the projects that have been announced, each bringing a unique offering to the area. The completion of Elysee Miami and the continued sales of Cove Miami further contribute to the upscale transformation of Edgewater, solidifying its status as a top destination in Miami’s real estate market.
With its rapid growth and influx of luxury developments, Edgewater has established itself as one of the most dynamic neighborhoods in Miami. The collaboration between developers and urban planners aims to enhance the overall appeal of the area, making it a desirable location for both residents and visitors. As more high-end residential and commercial projects continue to surface in Edgewater, its reputation as a premier destination in the Magic City is solidified, attracting discerning buyers and investors looking for a slice of Miami’s upscale lifestyle.