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90 SW 3rd Street, Miami
A Groundbreaking Cultural Epicenter on the Miami River
Situated along 327 feet of Miami River frontage within a 14-acre private district, Faena Residences Miami represents the first standalone residential project by the visionary Faena brand - a seamless blend of five-star hotel luxury, bespoke living, and world-class cultural programming.
Designed by the legendary Rafael Vinoly Architects with interiors by Bryan O'Sullivan Studio and landscapes by Sasaki, every detail has been crafted to redefine riverfront living - from site-specific artworks by Faena collaborators Juan Gatti and Andres Reisinger to the soaring Sky Bridge 700 feet above the river.
68Stories
802 ftHeight
406Residences
14Acre District
1-4Bedrooms
Building Details
Faena Residences Miami - Two Iconic Towers on the Miami River at a Glance
Address
989 SW 1st Avenue, Miami, FL
Developer
Faena Group, ARES Management
Architect
Foster + Partners
Year Completed
2029
Residences
406
Stories
68
Building Type
Condominium
Neighborhood
Mid-Beach
What Makes It Special
Why Buyers Choose Faena Residences Miami - Two Iconic Towers on the Miami River
Alan Faena's Track Record on the Beach
We see buyers gravitate to Faena Residences Miami because Alan Faena already proved himself with Faena House in Miami Beach, which still trades at record per-square-foot prices. This new project brings that same cultural DNA to the Miami River corridor with two 68-story towers, 406 residences, and a 14-acre private district. Buyers trust the Faena brand because it delivers on its promises consistently. If you appreciated what he built on Collins Avenue, this is the next chapter, and honestly, we think the river setting gives it something the beach project never had.
The Sky Bridge and Cathedral Lobby Set It Apart
When our clients tour Faena Residences Miami for the first time, the Sky Bridge connecting the two towers and The Cathedral lobby leave the strongest impression. These are not amenities you find replicated anywhere else in Miami. The Cathedral is a soaring arrival experience that immediately signals this is not a conventional condo tower. The Sky Bridge adds a communal element at true elevation that creates genuine community between the two towers. For buyers comparing this to other riverfront projects, these singular architectural moments are consistently what tip the scale toward Faena.
Pre-Construction Pricing on the Miami River
From a value standpoint, Faena Residences Miami offers pre-construction pricing in a corridor that we believe is significantly undervalued relative to Brickell and Miami Beach. The Miami River is undergoing a genuine transformation, and early buyers here are positioning themselves well ahead of the curve. With delivery projected for 2030 and beyond, there is time for the surrounding area to mature considerably. Our clients who bought early in Brickell or Edgewater years ago saw substantial appreciation, and we think the river corridor follows a very similar trajectory with this caliber of development leading the way.
Full-Service Living with Tierra Santa Healing House
Faena Residences Miami includes the Tierra Santa Healing House spa concept, which our wellness-focused clients find extremely compelling. This is the same spa brand from the Faena Hotel that became a destination in its own right on Miami Beach. Paired with resort-style pools, curated food and beverage programming, and full concierge services, the building delivers hotel-caliber living without the hotel traffic. For buyers relocating from Manhattan or international cities who expect five-star service as a baseline, Faena checks every box on the service and wellness side of the equation.
Advisor Perspective
Our Take on Faena Residences Miami
Faena Residences Miami is one of the most ambitious projects we have tracked in the Miami market. Two 68-story towers with 406 residences along 327 feet of Miami River frontage, all within a 14-acre private district. That scale alone puts it in a different category from most developments in the pipeline.
What makes Faena compelling from our perspective is the combination of brand pedigree and location timing. Alan Faena's track record at Faena House on Miami Beach established a benchmark for luxury that still holds. This project brings that same curatorial approach to interiors by Bryan O'Sullivan Studio and architecture by Rafael Vinoly, but applies it to the Miami River corridor, an area we believe has significant upside as it continues to develop.
The amenity package is genuinely distinctive. The Cathedral lobby, Sky Bridge connecting the two towers, and Tierra Santa Healing House spa are not features you will find duplicated at competing projects. For buyers who cross-shop Brickell branded residences like the St. Regis or Waldorf Astoria, Faena offers something fundamentally different: a cultural program, not just luxury finishes.
On the practical side, the residence configurations span one to four bedrooms across several collections including River Lofts, Sky Lofts, and Sky Villas. This gives us flexibility when working with a range of buyers, from investors looking at entry-level units to end-users seeking full-floor penthouses.
The consideration we raise with clients is delivery timing. With completion projected for 2030 and beyond, this is a longer hold than most Miami pre-construction. But for buyers with patience and a belief in the river corridor, the entry pricing today looks attractive relative to where we expect the submarket to be at delivery.
About Faena Residences Miami - Two Iconic Towers on the Miami River
Faena Residences Miami represents the expansion of Alan Faena's cultural vision from Miami Beach to the Miami River corridor. The project consists of two 68-story towers with 406 fully serviced residences, situated along 327 feet of Miami River frontage within a 14-acre private district. Architecture is by Rafael Vinoly with interiors by Bryan O'Sullivan Studio.
The development marks the first standalone residential project from the Faena brand, which established its luxury credentials with Faena House on Collins Avenue and the Faena Hotel, both of which reshaped the mid-Beach market. This new project applies that same blend of art, culture, and hospitality to a rapidly evolving urban waterfront setting that is attracting significant attention from both domestic and international buyers.
Residences span one to four bedrooms across several carefully curated collections. The design approach by Bryan O'Sullivan Studio emphasizes natural materials, generous proportions, and floor-to-ceiling glass that frames views of the river, Biscayne Bay, and the Miami skyline. Every residence is fully serviced, meaning owners have access to hotel-caliber housekeeping, concierge, and food and beverage programming as part of their ownership experience.
The amenity program is among the most extensive we have seen in a Miami residential project. The Cathedral is a soaring lobby experience that sets the tone for the entire development. A Sky Bridge connects the two towers at elevation, creating a shared social space unlike anything else in the market. The Tierra Santa Healing House spa, which became a celebrated destination at the Faena Hotel on Miami Beach, anchors the wellness offering. Additional amenities include resort-style pools, curated dining experiences, dedicated fitness facilities, and comprehensive concierge services designed to anticipate residents' needs.
Location is a key part of the value proposition. The Miami River corridor is undergoing significant transformation, with new restaurants, marinas, and cultural programming arriving regularly. The area benefits from proximity to Brickell's financial core while offering a waterfront character and sense of place that is distinctly its own. For buyers who purchased early in neighborhoods like Brickell, Edgewater, or Wynwood before those areas matured, the river corridor offers a similar opportunity at an earlier stage of its development cycle.
Delivery is projected for 2030 and beyond, placing Faena Residences Miami in the longer-horizon category of Miami pre-construction. Pre-construction pricing and deposit structures are available through our team. We work directly with the developer sales team and can arrange private presentations for qualified buyers interested in securing their position early in this landmark development.
Explore Miami pre-construction developments or view Billionaires' Beach Miami. For international buyers, see our Miami guide for foreign purchasers.
Pricing
Residence Collection
1-4 Bedrooms
Collection I - IV
River Lofts
Inquire
Sky Lofts
Inquire
Residences from $1,200,000
Amenities
World-Class Amenities
The Cathedral
The Cathedral An immersive lobby space featuring a mural depicting a whimsical narrative where a community blooms in a garden of creativity on the bed of the Miami River - the heart of your arrival experience.
Sky Bridge - Levels 61, 62, 64
- The Pistil cultural forum and dining terrace
- Bloom Bar with exclusive outdoor lounge
- Library Lounge with seating and bar
- Creative Lounge with private meeting rooms
- 40-seat Theater for screenings and performances
- Content Creation Rooms and Recording Studio
- Private Dining Room for 14
- Guest Suites with private terraces
- Faena Beach infinity pool
Tierra Santa Healing House
- Floor-to-ceiling glass open-plan Spa
- Smart pool with underwater sound
- Longevity clinic
- South American herb-infused sauna
- Red light IR therapy room
- Cold plunge and salt passages
- Hammam centered on Amazonite slab
- Horizontal rain shower beds
- The Glam Room and Beauty Arcade
Design & Architecture
The Visionaries
Rafael Vinoly Architects
Architecture
Rafael Vinoly Architects Architecture One of the most celebrated architects of our time, Vinoly's legacy project blends functionality with artistry - from Tokyo International Forum to 432 Park Avenue. Faena Residences stands as his final masterpiece.
The Neighborhood
The Miami River - Miami's New Cultural Epicenter
Nestled along 327 feet of Miami River frontage within a 14-acre private district, Faena Residences Miami offers seamless access to the cultural and culinary heart of downtown Miami - Brickell, Wynwood, Miami Beach, and the Design District are all moments away.
Culture & Art
Site-specific masterpieces by Juan Gatti and Andres Reisinger throughout the property, plus curated cultural programming - screenings, masterclasses, guest chef dinners, and live performances.
Riverfront Living
Private yacht arrival and departure via the riverfront, marine concierge programming, and lush landscaped gardens with direct access to the waterfront promenade.
Connectivity
Minutes from Brickell City Centre, Wynwood Arts District, Miami Beach, Design District, Coral Gables, and Miami International Airport.
FAQ
Frequently Asked Questions
What is Faena Residences Miami?
Two 68-story towers with 406 luxury residences on the Miami River by visionary Alan Faena. Features The Cathedral lobby, Sky Bridge at levels 61/62/64, and Tierra Santa Healing House spa.
Who is the developer?
Created by Alan Faena and the Faena Group - the visionary force behind Miami Beach's celebrated Faena District, including the Faena Hotel, Faena House, and Faena Forum.
What is the Sky Bridge?
A dramatic architectural feature connecting both towers at levels 61, 62, and 64. It houses exclusive amenities and social spaces with panoramic views of the Miami River and Biscayne Bay.
What residence types are available?
Six collections: Collection I, Collection II, River Lofts, Sky Lofts, Sky Villas, and Penthouses - ranging from elegant residences to expansive penthouses with private pools and terraces.
What is Tierra Santa Healing House?
Faena's signature holistic spa and wellness destination, offering treatments rooted in ancient healing traditions combined with modern wellness practices - a sanctuary for body and mind.
What is The Cathedral?
The grand lobby of Faena Residences Miami - a dramatic, soaring entrance space that sets the tone for the entire Faena experience, combining art, architecture, and culture.
What are the prices at Faena Residences Miami?
Pricing at Faena Residences Miami is available upon inquiry, consistent with the ultra-luxury positioning of the Faena brand. The twin towers offer a range of residences from studios to penthouses. Contact Manhattan Miami for current availability, floor plans, and pricing details.
When is Faena Residences expected to be completed?
Faena Residences Miami is in pre-construction with an estimated delivery around 2030. The twin-tower project at the Miami River/Biscayne Bay confluence is in its sales phase. Contact Manhattan Miami for the latest construction timeline and milestone updates.
Can foreigners buy at Faena Residences Miami?
Yes, foreign nationals can purchase at Faena Residences Miami with no restrictions. Florida has no foreign ownership limitations, and the Faena brand’s global cultural cachet (Faena Miami Beach, Buenos Aires) attracts international buyers from Latin America, Europe, and beyond. Manhattan Miami assists international purchasers.
What is the Pistil cultural forum?
Pistil is the cultural forum located within the Sky Bridge connecting the twin towers of Faena Residences. Following the Faena brand’s tradition of integrating art, culture, and community (as seen at Faena Miami Beach with the Damien Hirst installation), Pistil serves as a curated space for exhibitions, performances, and cultural programming exclusively for residents.
What makes Faena Residences different from other Miami towers?
Faena Residences uniquely combines Rafael Viñoly’s final architectural masterpiece, the Faena brand’s legendary art-culture-hospitality DNA, a Sky Bridge cultural forum, Tierra Santa Healing House spa, private yacht arrival, and a Miami River/Biscayne Bay confluence location - no other Miami development offers this fusion of architecture, culture, and waterfront lifestyle.
How does Faena compare to Baccarat or Cipriani in Brickell?
While Baccarat emphasizes French crystal heritage and Cipriani focuses on Italian hospitality dining, Faena centers on art, culture, and experiential living - a philosophy proven at Faena Miami Beach and Buenos Aires. Faena’s twin-tower Sky Bridge, Tierra Santa spa, yacht arrival, and Cathedral lobby create the most experiential and culturally immersive residential offering in Miami.
Is Faena Residences a good investment?
Faena Residences carries strong investment potential: the Faena brand commands premium positioning globally, Rafael Viñoly’s final design ensures architectural legacy value, and the Miami River/Biscayne Bay confluence location is rapidly appreciating. The twin-tower scale, cultural programming, and yacht arrival create lifestyle differentiation that drives long-term demand and resale premiums.
What is the deposit structure?
The deposit structure for Faena Residences Miami is available upon inquiry during the pre-construction sales phase. Deposits typically range from 20-50% spread across construction milestones. Contact Manhattan Miami for the current deposit schedule and reservation terms.
What views are available at Faena Residences?
The twin towers at the Miami River/Biscayne Bay confluence offer dramatic water views in multiple directions: Biscayne Bay, the Miami River channel, the Atlantic Ocean, and the downtown Miami skyline. The 68-story North Tower provides panoramic 360-degree vistas from upper floors, while the Sky Bridge offers a unique elevated vantage point.
Get in Touch
Private Availability at Faena Residences Miami - Two Iconic Towers on the Miami River
For current availability, pricing history, floor plans, and off-market opportunities at Faena Residences Miami - Two Iconic Towers on the Miami River, request a confidential review with our advisory team.
Address
989 SW 1st Avenue, Miami, FL
Phone
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami’s millionaire population grew approximately 78% between 2013 and 2023. Geographic constraint is binding: ocean, bay, and Everglades pin supply. December 2025 medians: Miami Beach condo $620K, Brickell condo $580K. Luxury condominium price per sq ft: $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth.
Value submarkets: Brickell ($600-$1,500/SF), Edgewater ($700-$1,200/SF), Downtown Miami ($600-$2,000/SF). Trophy submarkets: Fisher Island, Sunny Isles Beach ($1,500-$3,500/SF, dense branded-residence inventory), South of Fifth. Branded benchmarks include Four Seasons Surf Club ($2,200-$3,500/SF), St. Regis Sunny Isles ($1,800-$2,800/SF), and Porsche Design Tower ($1,600-$2,400/SF). Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Structural inputs compound: no state income tax (vs. 10.9% NY, 13.3% CA), no estate tax, 78% decade millionaire growth, and construction-cost inflation. Current pre-construction inventory was financed and broken ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber, effectively the last tranche of pre-tariff pricing. Florida SB 264 restricts acquisitions by nationals of certain countries within 10 miles of military installations and must be screened at contract stage for international buyers.
Key Facts
- Miami Beach Condo Median (Dec 2025): $620K
- Brickell Condo Median (Dec 2025): $580K
- Luxury Condo $/SF: $1,200-$3,500+
- Fisher Island $/SF: $2,000-$4,500
- Avg Days on Market: 95
- Closing Costs: 2-3% (cash), 3-4% (financed)
- Property Tax: ~2% of assessed value annually
- Millionaire Population Growth: +78% (2013-2023)
- State Income Tax: 0% (vs. NY 10.9%, CA 13.3%)
What Buyers Should Know
Miami’s millionaire population grew approximately 78% between 2013 and 2023 with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per sq ft runs $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth. Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Miami Real Estate FAQs
What are Miami’s current condominium medians?
December 2025: Miami Beach $620K, Brickell $580K. Luxury condominium stock runs $1,200-$3,500+ per sq ft, extending to $2,000-$4,500 on Fisher Island and $1,800-$4,000 at South of Fifth.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (versus NY 10.9%, CA 13.3%), no estate tax, a 78% decade growth in the millionaire population (2013-2023), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Current pre-construction inventory was financed and broke ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber. Replacement-cost pricing on the next development cycle is expected to rise materially. Current allocations represent the last tranche of pre-tariff pricing.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts property acquisitions by nationals of seven countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) within 10 miles of military installations. The restriction must be screened at contract stage and may require entity-structure adjustments to comply.
What are typical monthly carrying costs on a Miami condominium?
HOA $0.80-$2.50 per sq ft per month, property tax ~2% of assessed value annually, HO-6 insurance $2,000-$5,000+ annually, flood insurance $500-$3,000+. A 2,000 sq ft condo runs $1,600-$5,000 per month in HOA alone.
What are the post-Surfside inspection requirements?
Buildings 3+ stories must undergo structural inspections at year 30 (year 25 if coastal), then every 10 years. Associations must fully fund reserves; reserve waivers are no longer permitted. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.