SB Development and Hazelton Capital Group secured a $170M construction loan from Bravo Property Trust to move forward with Cove Miami, a planned 40-story luxury condo tower in Edgewater. The 134-residence project will offer waterfront views, high-end amenities, and one- to four-bedroom layouts, further cementing Edgewater’s growth as one of Miami’s premier residential markets.
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SB Development and Hazelton Capital Group secured a $170M loan from Bravo Property Trust to build Cove Miami, a 40-story luxury waterfront condo tower in Edgewater. The 134-unit project, designed by Kobi Karp and Dieguez Fridman, will feature high-end amenities and one- to four-bedroom residences, with OneWorld Properties leading sales.
A $170M construction loan from Bravo Property Trust will fund the development of Cove, a 40-story, 134-unit luxury condo tower at 496 NE 29th Street in Miami. The financing, arranged by Vault Real Estate Group, supports land acquisition and development led by Hazelton Capital Group and SB Development.
SB Development and Hazelton Capital secured a $170M loan to build Cove Miami, a 40-story waterfront condo tower in Edgewater. The 134-unit project, priced from $900K to $4M, is 30–40% presold with OneWorld Properties leading sales. Construction is slated for completion in 2028.
Hazelton Capital Group and SB Development secured a $170M loan from Bravo Property Trust to build Cove, a 40-story luxury condo tower in Miami’s Edgewater. The 134-unit project will feature resort-style amenities and a waterfront baywalk, adding another major development to the rapidly growing neighborhood.
Two combined residences at Cove Miami (Units 2102 & 2202) went under contract for $3.204M, totaling 2,444 sq. ft. at $1,310 per sq. ft. The sale was brokered by Glice Parente of 1st Florida Homes, with SB Development Group and Hazelton Capital Group as the sellers.
A residence at Cove Miami (Unit 1201) sold for $2.62M, totaling 2,162 sq. ft. at $1,211 per sq. ft. The sellers were SB Development Group and Hazelton Capital Group, with Daniel Tzinker of The Agency brokering the transaction.
Cove Miami was awarded New Development Project of the Year at the 2025 Red Florida Awards, recognizing its visionary waterfront design, elevated lifestyle offering, and strong architectural presence. The award highlights Cove’s growing impact on Miami’s skyline and its position as one of the city’s most desirable new luxury addresses.