Marc Roberts, Ryan Shear, PMG, and E11EVEN Partners Celebrate Groundbreaking and $262M Construction Loan for E11EVEN Residences Beyond

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Dan Kaplan, Ryan Shear, Dennis Degori, Marc Roberts, Daniel Solomon, and Gino LoPinto

Photo Credit: World Red Eye

Developers PMG and E11EVEN Partners have announced the groundbreaking of E11EVEN Residences Beyond, a remarkable addition to the E11EVEN Hotel & Residences Miami development. The developers also recently announced that they have secured $262 million in construction financing for E11EVEN Residences Beyond. Madison Realty Capital provided the loan and the transaction was brokered by Jones Lang LaSalle. This ultra-luxury, dual-tower project, located in Miami's District 11 at 90 NE 11th St., has already created a buzz in the community, breaking sales records and introducing a unique living experience to buyers.

The groundbreaking of E11EVEN Residences Beyond signifies a significant milestone in shaping the future of District 11. Michael Simkins of E11EVEN Partners, co-developer of E11EVEN Hotel & Residences, emphasized the optimized lifestyle this incredible property will offer its residents. Set in a highly energized location, the development boasts top-notch dining, elite services, and exquisitely appointed residences. Simkins confidently stated that once completed, E11EVEN Residences Beyond will set the standard for ultra-luxury living and entertainment districts across the nation.

Recent announcements surrounding E11EVEN Residences Beyond have further fueled excitement for the project. The addition of The Clayton, a prestigious $25 million private social and cigar club, and the expansion of the tower to accommodate additional units and more amenity space reflect the overwhelming demand and record-breaking sales success enjoyed by the entire dual-tower development.

Photo Credit: ArX Solutions

Notably, the first tower of E11EVEN Hotel & Residences recently revealed that Riviera Dining Group will join its remarkable lineup of offerings. With a second-floor restaurant featuring a ground-floor escalator entrance and an upscale lounge and private membership club on the rooftop, the development continues to raise the bar for upscale hospitality in Miami.

Ryan Shear, Managing Partner of PMG, highlighted the monumental nature of the groundbreaking for E11EVEN Residences Beyond. He expressed his enthusiasm for the project's exceptional offerings, from the private helipad to outstanding hospitality concepts like The Clayton. Shear affirmed that the caliber of amenities and features in E11EVEN Residences Beyond is unparalleled in South Florida.

Marc Roberts of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences, echoed the sentiments, emphasizing that the project places buyers at the epicenter of District 11. Roberts touted the incredible business opportunities, high quality of life, and unparalleled 24/7 entertainment that define Miami living. He eagerly anticipated further solidifying the project's status as a premier ultra-luxury residential development in Miami's most sought-after neighborhood.

Photo Credit: ArX Solutions

Centrally located in Downtown Miami's District 11, E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offer a resort-style, entertainment-driven experience—a first of its kind in the Southeastern United States. The floor plans in both towers range from studios to two-bedroom units, including a presidential collection and penthouse suites. Each unit boasts fully-integrated "smart building" features, Subzero and Wolf appliances, custom ITALKRAFT Italian cabinetry, top-level finishes, and designer-curated furnishings. The internationally renowned Sieger Suarez Architects are designing the soaring 65-story towers, with interiors by the award-winning design firm AvroKO.

With the groundbreaking of E11EVEN Residences Beyond, the developers PMG and E11EVEN Partners have reinforced their commitment to delivering an unmatched ultra-luxury living experience in Miami's District 11. The project's extraordinary features, exceptional amenities, and strategic location make it a true jewel in the city's real estate landscape. As construction progresses, the anticipation for E11EVEN Residences Beyond continues to grow, setting new standards for luxury living and entertainment in Miami.

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