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Faena Residences Miami: A $700 Million Project with a Landmark Design by Rafael Viñoly

November 8, 2024 by Jacki Taylor

Faena Residences on the Miami River




A significant new addition to Miami’s skyline is on the horizon with the unveiling of the expected construction timeline for the twin 60-story Faena Residences Miami towers. Construction of these architectural marvels is anticipated to begin in late 2025, with a projected completion timeframe of approximately three years.





The Faena Residences Miami represents a $700 million investment, with a total of 440 condos planned across the two towers. This ambitious project not only underscores Miami’s ever-growing luxury real estate market but also highlights the city’s attraction as a hub for high-end residential developments. One of the notable aspects of Faena Residences Miami is that its developers strategically initiated the approval and permitting processes well in advance of the project's announcement. This foresight is expected to streamline construction and allow for a timely completion by the end of the decade.





Adding to the allure of this development is its architectural pedigree. The late Rafael Viñoly, a visionary architect recognized for his striking and innovative designs, was commissioned for this project. The Faena Residences towers stand as one of his final masterpieces, infusing a legacy of sophistication and style into Miami’s evolving architectural landscape.





With the planned groundbreaking just a year away, Faena Residences Miami promises to be a major focal point, offering future residents both luxury and a piece of architectural history.


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