New York-based SB Development Group and Hazelton Capital Group have secured $170 million in construction and land financing for the development of Cove Miami, a 40-story luxury condominium in Miami’s tranquil Edgewater district. The loan comes from Bravo Property Trust, the bridge and construction lending platform and affiliate of Bravo Capital.

“Securing this financing marks another significant milestone in Cove Miami’s development saga. With Bravo’s financial support, we are excited to continue developing this truly one-of-a-kind luxury development,” said Joseph Stern, Co-Founder and Principal at SB Development Group. “Edgewater is one of Miami’s most understated yet dynamic neighborhoods, and we are confident that Cove Miami will continue to raise the area’s reputation as Miami’s next luxury market.”

Since its founding in 2021, Bravo Property Trust has originated over $1.8 billion in financing, establishing itself as a reliable lender for large scale residential and mixed-use projects. Given their impressive track record and belief that the Edgewater market will soon make waves, Bravo Property Trust is eager to enter into this new relationship with SB Development and Hazelton.

“We’re always chasing quality, and we often find that quality comes in larger checks with sponsors who are ambitious and experienced,” said Aaron Krawitz, founder and CEO of Bravo Capital. “SB Development and Hazelton’s vision for Cove Miami perfectly reflects that drive; they are bringing a top-tier luxury product to Edgewater at a time when supply in the $1 million to $2 million range is limited and demand from buyers seeking well-located, high-end residences continues to grow. It’s a standout opportunity in one of Miami’s most dynamic neighborhoods.”

Located on the stunning shores of the Biscayne Bay, Cove Miami offers a chic yet serene living experience through a limited collection of 134 luxury residences. Architecturally designed by world-renowned firms Kobi Karp and Dieguez Fridman, the development will feature one- to- four-bedroom residences that boast floor-to-ceiling windows, expansive wrap-around terraces, and carefully curated natural elements, allowing residents to deeply connect with their serene surroundings. Cove Miami’s suite of high-quality amenities include a sun-kissed infinity pool with private cabanas, a Tranquility Spa with a cold plunge, massage rooms, a traditional hammam, and a sauna, a state-of-the-art fitness center, indoor and outdoor yoga areas, a rooftop lounge with an outdoor kitchen and panoramic views of Biscayne Bay, a private dining room with chef’s kitchen, a Grand Theater, a game and billiards room, a library and wine room, a pet spa, and dock access for water sports. Additionally, residents also have access to both shared co-working spaces and private office suites, as well as an on-site waterfront restaurant. Exclusive resident services, including on-demand LEAA Healthcare and Zipcar car-sharing, further enhance convenience, creating a luxurious and fully curated lifestyle.

“We couldn’t be more excited to deliver Cove Miami to the Edgewater community,” said Adam Westreich, Principal at Hazelton Capital Group. “Our vision is to create a residential experience that feels both elevated and authentic to the neighborhood, and we are confident Cove Miami fits the bill perfectly. This development will be more than just another luxury development, it will become the pride of Edgewater.”

OneWorld Properties will be the exclusive sales team of Cove Miami.