NORTH BAY VILLAGE | 7918 West Drive | 240 FT | 21 FLOORS

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Construction Gets Underway On Residential Tower In North Bay Village
https://www.thenextmiami.com/constructio...bay-village-with-signature-architecture/

7918, a 21-story waterfront condo tower in North Bay Village with unique architecture has just broken ground.
Architect MTTR Mgmt, which is designing the 7918 tower, wrote that the project is now officially under construction.
Records show that a Notice of Commencement was recorded with Miami-Dade on July 28 stating that work on the project was beginning.

Pacific Orient Development LLC, a subsidiary of a Malaysian company, is the developer. The SFBJ reported in 2017 that they planned to self-fund construction rather than rely on pre-sales.

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I can't find any construction pictures as of right now, but i'm assuming it's site prep.

Also, The Real Deal said that this tower was 240 FT back in 2017, but also said it was 19 floors. It could've easily changed, but knowing that this part of the city has height limitations of towers that can only reach a max of 240 FT, I say it's about right.

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Groundbreaking ceremony, for more information a link is below.

https://www.linkedin.com/posts/tcciflori...m_source=share&utm_medium=member_desktop

[Urbannizer]

‘Tula Residences’ Set for 2027 Completion at 7918 West Dr, North Bay Village, FL

A South Florida-based developer has secured financing to jumpstart a delayed luxury project in North Bay Village.

Tula Residences is set to measure 21 stories above grade and comprise 54 units, including six penthouses. The 48 corner-only residences will span floors seven though 19, while the six penthouses will occupy floors 20 through 22.

Floorplans will span two-bedroom to five-bedroom layouts. In-unit amenities will include (but aren’t limited to) wraparound glass terraces, Italian-designed kitchen interiors complete with Miele appliances, and stone floors.

Homes are currently priced from $2.4 million to $6.9 million. A sampling of the amenities includes a wellness center, dog spa, and resort-style swimming pool with private cabanas. Malaysia-based Pacific & Orient Properties broke ground on Tula Residences in early 2023, but sitework came to a pause following financing concerns.

In late 2024, Bayshore Grove Capital took over the project, although Pacific & Orient Properties remains involved. The security of a $67 million construction loan from S3 Capital has helped make Tula Residences possible. Pacific & Orient Properties purchased the build site for $8.3 million in 2015.

A&R Development is the general contractor; M77R is the architect. Construction is anticipated to end in 2027. Tula Residences is unfolding at 7918 West Dr, North Bay Village, FL, 33141, in Miami-Dade County.