Faena Residences Miami Breaks Ground, Anchoring New 14-Acre Cultural District on the Miami River
Faena Residences Miami will hold its official groundbreaking ceremony on Tuesday, November 10, marking the start of construction on a development poised to anchor a new 14-acre cultural district along the Miami River.
The ceremony, scheduled for 2:00 to 3:30 PM at 24 SW 4th Street in Miami, will include remarks at 2:45 PM followed by groundbreaking photos at 3:00 PM. Alan Faena, Edgardo Defortuna of Fortune International Group, and Shahab Karmely of KAR Properties are expected on-site to mark the milestone alongside project partners and local officials.
What Faena Residences Miami represents
The project is developed by Fortune International Group and KAR Properties, with Alan Faena attached to the development. Its positioning centers on a specific claim: that the residences will serve as the anchor property for a planned 14-acre cultural district along the Miami River, situating the development as a cornerstone of a larger neighborhood transformation rather than a standalone residential tower.
Who is behind the project
Three principals are named in connection with the groundbreaking:
- Alan Faena — the Faena name attached to the development, associated with the broader Faena brand of hospitality and residential projects.
- Edgardo Defortuna — of Fortune International Group, one of the project’s developers.
- Shahab Karmely — of KAR Properties, the project’s co-developer.
Groundbreaking details
- Date: Tuesday, November 10, 2026
- Time: 2:00–3:30 PM (remarks at 2:45 PM, groundbreaking photos at 3:00 PM)
- Location: 24 SW 4th Street, Miami, FL
For more information on Faena Residences Miami, contact Haute Real Estate Group.