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Nexo Residences, rendering -
Groundbreaking ceremony: Sandy Ruiz, Omar Sanchez, Alejandra O'Conner, Maria Elena Plasencia, Edgardo Defortuna, Carmen Casadella, Gabriela Santos, Tatianna Chaparro, Eduardo Pedrotti (Sales Team) -
Nexo Residences, Pool Deck, rendering -
Nexo Residences Multipurpose Room, rendering
With 70 percent of units sold and unprecedented demand from foreign buyers, construction commences on the North Miami Beach condo development with short-term rental capability
NORTH MIAMI BEACH, FLA. ― Fortune International Group, in partnership with Blue Road, announced the groundbreaking of Nexo Residences, the first new construction condominium project with full home-sharing capabilities in the rapidly evolving city of North Miami Beach. With 70% of the units sold, the property has witnessed remarkable sales success since its launch in 2022, continuing to attract buyers for its short-term rental offerings, idyllic location, and EB-5 investment component.
The 15-story development presents 254 move-in-ready residences that will be delivered fully furnished and can be utilized at the discretion of each homeowner. Priced from the mid $600s, studios to four-bedroom townhomes range from 531 to 2,190 interior square feet. With exclusive sales and marketing by Fortune Development Sales, Nexo Residences is slated for completion in 2026.
Edgardo Defortuna, CEO of Fortune International Group and Jorge Savloff, CEO of Blue Road.
“We are immensely proud to commemorate the groundbreaking of Nexo Residences,” said Edgardo Defortuna, CEO of Fortune International Group. “Buyers and investors from all around the globe have flocked to this project because of its central location, impeccable amenities and the appeal of having the flexibility to rent out their units, keeping in line with Fortune’s mission of creating timeless projects that surpass all expectations through innovation and attention to detail.”
Fortune International Group, Blue Road, city officials, development partners and friends gathered at Nexo Residences’ stunning sales gallery at 13750 Biscayne Blvd. to celebrate the groundbreaking. Honorary guests included North Miami Beach Commissioners Daniela Jean and Phyllis Smith, North Miami Beach Chief of Staff Marline Monestime, and Mercedes Mosley from North Miami Beach Economic Development.
Nexo Residences has garnered considerable interest from national and foreign buyers who are drawn to the property’s convenient location and the opportunity to rent it out when they’re not using it. Nexo, meaning “nexus” in Spanish, is the brand’s ethos as a central point that links two or more things. The connection to all essentials is a key factor when today’s short-term renters select their next stay, reinforcing the unique opportunity to benefit from this notion within the budding submarket.
The property’s rental capabilities are a significant draw for those who want the flexibility and freedom to use their unit at their discretion. Moreover, owners can take solace in the presence of a professional management team that will handle the logistics of having renters check in and out and ensure the housekeeping of their residences during their absence.
“This area holds tremendous appeal for both short-term visitors and long-term residents due to its strategic proximity to renowned South Florida attractions, such as Bal Harbour Shops, Aventura Mall, the beach, and a multitude of upscale dining and entertainment destinations,” said Jorge Savloff, CEO of Blue Road. “The location also distinguishes itself as a more family-friendly alternative to the densely tourist-populated areas of Miami, ensuring a well-rounded and enriching experience for all.”
Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a three-story arrival lobby and lounge with a café; a two-story tech hub; with coworking spaces; luxury pool deck and jacuzzi; three fully equipped summer kitchens; a fitness center with a yoga studio and virtual trainer; and a rooftop observatory deck with unobstructed views to the south. Entertainment offerings include an outdoor children’s playground, a multi-purpose clubroom and a private event area, and an outdoor movie theater. The property will also be pet friendly.
Adding to the appeal is the property’s EB-5 designation, which, due to the limited number of approved projects in Florida under the program, presents a rare opportunity for foreign nationals to capitalize on establishing a pathway to U.S. citizenship. To comply, international buyers must invest a minimum of $800,000 in Nexo Residences and follow the required process under the United States Citizenship and Immigration Services (USCIS) for eligibility to receive a green card, officially known as a permanent resident card.
Located at 13899 Biscayne Blvd., Nexo Residences is near a plethora of business and leisure offerings in Miami, Bal Harbour, Aventura, North Bay Village, Sunny Isles, Hollywood Beach, and beyond. The property is set along the main thoroughfare of Biscayne Boulevard, minutes from the Intracoastal, and is nearly equidistant to Miami International Airport and Fort Lauderdale-Hollywood International Airport, as well as being 4 miles away from the Brightline Aventura station.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
