Park West Tower Gets $215M Construction Financing, 99% Sold

·28 Comments

38 West Eleventh Residences is now 99% sold and has secured $215 million in construction financing.

Completion is planned for Q1 2028. A groundbreaking ceremony took place in September 2024.

The tower will rise 44 stories, with 659 residential condos allowing flexible rentals.

It will also have a three-level “experiential” entertainment venue.

A glass floor pool is being built, with views into a restaurant below. A whale sculpture will extend from the third floor pool to the restaurant.

Sieger Suarez is the architect, with John Moriarty the contractor.

PMG, Lion Development Group and Marc Roberts Companies are the developers.

 

 

(renderings: ARX Creative)

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Matt
17 days ago

Park West is turning into the new hit neighborhood in Miami with Worldcenter and all these other towers. The walkability of the neighborhood alone will make it unique in Miami, and the proximity to everything from parks to entertainment surely solidifies it!

26
Anon
17 days ago

I like world center more than park west

-8
Anonymous
17 days ago

World Center is in Park West

24
007
16 days ago

The future is West, Park West.

6
Narni
17 days ago

That’s like saying I like Brickell City Center more than Brickell..,

22
Wolly
17 days ago

This is so cool, I love it🐋

10
Hide the Garages
17 days ago

Between Park West and Midtown, Brickell is becoming harder to justify the price tag

6
Sam
17 days ago

Eventually all price tags will level set to the same and it will surely be on the higher end as it’s never on the lower end.

8
Miami is love
17 days ago

I think it will be just like in Manhattan, the whole borough is expensive and there are some neighborhoods more expensive than others, like SoHo, Hudson Yards, UES, etc. then there are others that are less expensive but still not cheap. Brickell, Park West, Wynwood are probably the most expensive here so I’m not sure that there will be one neighborhood more expensive than others but it’s rather a group of neighborhoods. This is great as the city grows as it gives more options to everyone.

9
Anonymous
16 days ago

Wynwood is over saturated with noisy cars, gang bangers roaming around, and empty lots and no train, can’t imagine it being at the top tier ever. Maybe Park west but the pricing radiate outward from Brickell and keep growing outward.

-2
John Duns Scotus
16 days ago

There will always be differences between neighborhoods in one way or another.

It will be difficult to convince a Citadel guy who works at 1201 Brickell Bay Drive that he should live at E11even instead of his condo at 1428 Brickell Ave.

It will be difficult to convince an “Influencer” to leave E11even to move to 1428 Brickell Avenue.

Different strokes for different folks. There is no level set.

0
Anonymous
16 days ago

Those aren’t neighborhoods you speak of each building like it’s a seperate neighborhood John. Meet your neighbors and community … go for a walk and burn some calories lmao

0
Anonymous
16 days ago

In Miami, you may live in the nicest most luxurious building, and have a tik toker next door, and live in a modest high end building with a CEO who saves his money. Nothing to do with neighborhood.

8
anon
16 days ago

Having known a former Citadel analyst, my guess is that a whole most of them will buy houses in Palmetto Bay and Kendall and not deal with influencers banging on their ceilings, crappy schools, communal parking, and condo boards.

3
Not hood
11 days ago

Amen

0
Anonymous
17 days ago

Brickell will always be nicer because it’s south of downtown and therefore less congested.

-4
Anonymous
17 days ago

Brickell has never been less congested than downtown.

7
Anonymous
17 days ago

Except prior to the 1960s, when it was still predominantly a mansion district.

2
anon
17 days ago

christ, more like prior to 1978.

2
Anonymois
16 days ago

I remember in the 90s and 2000s when Brickell was just Mary Brickell Village and Brickell Station.

2
Anonymous
16 days ago

Downtown has always been more congested because it is walled in by the the busiest highways, and densest development in the county. It just doesn’t feel this way yet with the stores shuttered

2
John Duns Scotus
16 days ago

Brickell is a part of Downtown.
Brickell is south of the Central Business District if that is what you mean.

2
Dun warn out
16 days ago

Here on 441 in “Old” Miramar, my rent on my 1965 “cottage” is about 3/4 of my take home pay weekly from McDonald’s. Can anyone relate to that?

-1
John Duns Scotus
16 days ago

Nope. Can’t relate to any of that.

However, there are probably 12 guys who will demand that We Need a Metromover to “Old Miramar” because the buses just are not good enough for their posh lifestyles.

-1
My Relation
16 days ago

Time to find just a room to rent and a second job. That’s what I did when I was young and unskilled. Actually, get that 2nd job in construction or auto repair and learn a trade as you work so you can one day dump McJob and make real money.

2
Anonymous
17 days ago

A blank wall with a logo and whale statue in front of it look better than any parking podium mural, go figure.

4
Anonymous
16 days ago

Love the West side of downtown! So much more neighborhood feeling.

4
Westanon
16 days ago

yeah being next to the barrio and away from Biscayne Bay is so preferable said NO ONE EVER

2