Ocean Terrace Residences: A New Vision for Luxury Living in Miami Beach's North Beach
Located at 740 Ocean Terrace Miami Beach, FL 33141
Miami Beach's North Beach neighborhood is poised for a remarkable transformation, and at its heart lies the visionary Ocean Terrace Residences. This ambitious redevelopment project, spanning several blocks along Ocean Terrace between 73rd and 75th streets, is set to revitalize this cherished oceanfront stretch, blending historic preservation with groundbreaking modern architecture. Spearheaded by developers Ocean Terrace Holdings (led by Alex Blavatnik and Sandor Scher) and featuring architectural design by the world-renowned firm OMA, founded by Rem Koolhaas, Ocean Terrace Residences promises a unique and sophisticated coastal lifestyle.
Ocean Terrace Residences: Masterfully Designed Luxury Arriving in Miami Beach (2029)
A new standard of exclusive oceanfront living is taking shape in Miami Beach with the highly anticipatedOcean Terrace Residences. This visionary project, spearheaded by renowned developers Witkoff Group and Ocean Terrace Holdings, promises an unparalleled residential experience, blending architectural brilliance, sophisticated interiors, and breathtaking natural surroundings. With an expected completion date of 2029, this development represents a unique opportunity to own a piece of architectural history in one of the world's most desirable locations.
An Exclusive Collection of Residences
Ocean Terrace Residences is designed for ultimate privacy and luxury, offering a limited collection within its impressive structure:
- Building Profile: A striking 20-story residential tower.
- Exclusivity: Featuring just 24 ultra-luxury condominium residences, ensuring an intimate and private living environment. (Note: The development may also incorporate hotel elements, contributing to a different unit count elsewhere).
- Spacious Layouts: Residences will offer expansive living spaces with 3 to 5 bedrooms, catering to discerning buyers seeking ample room and comfort.
- Premium Pricing: Reflecting the project's caliber, residences are priced from $9,450,000 to $16,000,000.
Revitalizing North Beach: A Blend of History and Modernity
The Ocean Terrace project is more than just a new condominium; it's a comprehensive revitalization effort aimed at creating a vibrant, pedestrian-friendly destination. Key aspects of the vision include:
- Historic Preservation: Carefully restoring and integrating several existing Art Deco and MiMo (Miami Modern) buildings within the development, honoring the architectural heritage of North Beach.
- Iconic Modern Architecture: Introducing striking new contemporary structures designed by OMA/Rem Koolhaas, creating a dynamic dialogue between the past and the future.
- Mixed-Use Environment: Combining luxury residential units with potential hotel components, curated retail spaces, exciting dining options, and enhanced public spaces like parks and plazas.
- Enhanced Public Realm: Improving streetscapes, widening sidewalks, and creating inviting public gathering areas to foster a strong sense of community and encourage walkability.
Ocean Terrace Residences: A New Vision for Luxury Living in Miami Beach's North Beach
Miami Beach's North Beach neighborhood is poised for a remarkable transformation, and at its heart lies the visionary Ocean Terrace Residences. This ambitious redevelopment project, spanning several blocks along Ocean Terrace between 73rd and 75th streets, is set to revitalize this cherished oceanfront stretch, blending historic preservation with groundbreaking modern architecture. Spearheaded by developers Ocean Terrace Holdings (led by Alex Blavatnik and Sandor Scher) and featuring architectural design by the world-renowned firm OMA, founded by Rem Koolhaas, Ocean Terrace Residences promises a unique and sophisticated coastal lifestyle.
Revitalizing North Beach: A Blend of History and Modernity
The Ocean Terrace project is more than just a new condominium; it's a comprehensive revitalization effort aimed at creating a vibrant, pedestrian-friendly destination. Key aspects of the vision include:
- Historic Preservation: Carefully restoring and integrating several existing Art Deco and MiMo (Miami Modern) buildings within the development, honoring the architectural heritage of North Beach.
- Iconic Modern Architecture: Introducing striking new contemporary structures designed by OMA/Rem Koolhaas, creating a dynamic dialogue between the past and the future.
- Mixed-Use Environment: Combining luxury residential units with potential hotel components, curated retail spaces, exciting dining options, and enhanced public spaces like parks and plazas.
- Enhanced Public Realm: Improving streetscapes, widening sidewalks, and creating inviting public gathering areas to foster a strong sense of community and encourage walkability.
The Allure of North Beach: Miami Beach's Authentic Gem
Ocean Terrace Residences benefits immensely from its location in North Beach, offering a distinct alternative to the often-frenetic energy of South Beach:
- Pristine Oceanfront: Direct access to the beautiful, often quieter beaches of North Beach, perfect for relaxation and enjoying the Atlantic Ocean.
- Authentic Miami Beach Charm: Experience a more laid-back, local atmosphere with classic MiMo architecture and a strong sense of community.
- Proximity to Upscale Neighbors: Situated near the luxurious enclaves of Bal Harbour and Surfside, offering easy access to high-end shopping (like Bal Harbour Shops) and dining.
- Parks and Green Spaces: North Beach boasts several parks, including the North Shore Open Space Park, providingample opportunities for outdoor recreation.
- Emerging Scene: The neighborhood is experiencing a resurgence, with new restaurants, cafes, and shops adding to its appeal.
Architectural Significance: The OMA / Rem Koolhaas Vision
The involvement of OMA / Rem Koolhaas, a Pritzker Prize-winning architectural firm, elevates Ocean Terrace Residences to international significance. Expect:
- Innovative Design: OMA is known for its conceptually driven, often unconventional, and highly influential architectural solutions. The design for Ocean Terrace will likely be both visually striking and functionally innovative.
- Contextual Sensitivity: While modern, OMA's approach often considers the surrounding environment and historical context, ensuring the new structures complement the restored historic buildings.
- Focus on Light and Views: Designs that maximize natural light and capitalize on the stunning ocean and city views.
Anticipated Luxury Residences: Sophistication Meets the Sea
While specific details are subject to finalization, the residences at Ocean Terrace are anticipated to offer:
- Variety of Floor Plans: A mix of condominium layouts to suit different needs, potentially ranging from one-bedroom units to expansive penthouses.
- Ocean and City Views: Residences strategically designed to capture breathtaking views of the Atlantic Ocean, Biscayne Bay, and the Miami skyline.
- High-End Finishes: Expect premium materials, designer fixtures, and meticulous craftsmanship throughout, reflecting the project's luxury positioning.
- Gourmet Kitchens: State-of-the-art kitchens with top-tier appliances and custom cabinetry.
- Spa-Inspired Bathrooms: Luxurious bathrooms designed as private sanctuaries.
- Expansive Terraces: Private outdoor spaces to enjoy the ocean breezes and stunning vistas.
Curated Amenities and Integrated Lifestyle
Ocean Terrace Residences will likely feature a comprehensive suite of amenities, potentially including:
- Oceanfront Pool Deck: A stunning pool area with resort-style features.
- State-of-the-Art Fitness Center:
- Spa and Wellness Facilities:
- Residents' Lounge(s): Elegant spaces for socializing and relaxation.
- Integrated Retail and Dining: Convenient access to curated shops and restaurants within the development.
- Hotel Integration (Potential): The possibility of integrated hotel services and amenities, offering residents an elevated level of convenience (details depend on the final plan).
- Concierge and Valet Services: Providing personalized assistance and effortless arrivals/departures.
- Enhanced Public Spaces: Beautifully designed parks, plazas, and promenades accessible to residents and the public.
An Investment in North Beach's Future
Ocean Terrace Residences represents a unique opportunity to invest not only in a luxury condominium but also in the exciting revitalization of Miami Beach's North Beach neighborhood. The project's scale, high-profile architect, and prime location position it for significant long-term value and desirability.
An Exclusive Collection of Residences
Ocean Terrace Residences is designed for ultimate privacy and luxury, offering a limited collection within its impressive structure:
- Building Profile: A striking 20-story residential tower.
- Exclusivity: Featuring just 24 ultra-luxury condominium residences, ensuring an intimate and private living environment. (Note: The development may also incorporate hotel elements, contributing to a different unit count elsewhere).
- Spacious Layouts: Residences will offer expansive living spaces with 3 to 5 bedrooms, catering to discerning buyers seeking ample room and comfort.
- Premium Pricing: Reflecting the project's caliber, residences are priced from $9,450,000 to $16,000,000.
A Collaboration of World-Renowned Visionaries
The exceptional quality and design of Ocean Terrace Residences are guaranteed by a collaboration of globally recognized leaders in development, architecture, and landscape design:
- Developers: Witkoff Group & Ocean Terrace Holdings: This joint venture brings together deep expertise in luxury development. Witkoff Group is known for transformative, high-profile projects, while Ocean Terrace Holdingsdemonstrates a dedicated vision for revitalizing this specific Miami Beach area.
- Architects: Robert A.M. Stern Architects (RAMSA) & Revuelta Architecture International: A powerhouse architectural pairing. RAMSA is celebrated worldwide for its timeless, sophisticated designs that blend classic principles with modern sensibilities. Revuelta Architecture International is a leading Miami-based firm with extensive experience in luxury high-rise residential projects, ensuring contextual expertise and flawless execution.
- Landscape Architecture: Enea Garden Design & Raymond Jungles: The outdoor spaces will be crafted by two masters. Enzo Enea (Enea Garden Design) is renowned for creating elegant, structured, and immersive garden experiences. The inclusion of a botanical park designed by Raymond Jungles, celebrated for his lush, tropical, and ecologically sensitive landscapes, promises truly exceptional and diverse outdoor environments.
Anticipated Lifestyle and Investment Potential
Owning a residence at Ocean Terrace signifies more than just acquiring property; it's an investment in a lifestyle defined by:
- Architectural Significance: Living within a building designed by Robert A.M. Stern Architects carries inherent prestige.
- Unparalleled Luxury: From the spacious interiors to the anticipated high-end finishes and bespoke amenities.
- Masterful Landscapes: Enjoying meticulously designed gardens and park spaces by Enea and Jungles.
- Prime Location: Situated in the revitalized North Beach area of Miami Beach, offering ocean proximity and access to local amenities.
- Exclusivity: Being one of only 24 residential owners in this landmark tower.
Secure Your Place in Miami Beach's Future Landmark
With its world-class design team, prestigious developers, limited number of residences, and prime location, Ocean Terrace Residences is poised to become one of Miami Beach's most sought-after addresses upon its completion in 2029.
Ocean Terrace Residences: The Ultimate Blend of Privacy and Connection in Miami Beach
In the dynamic landscape of Miami Beach luxury real estate, a truly exceptional offering has emerged. Ocean Terrace Residences, spearheaded by the visionary Witkoff Group, stands out as one of the most compelling ultra-luxury beachfront developments available today. This exclusive project masterfully balances serene privacy with vibrant connectivity, offering a lifestyle unavailable in typical oceanfront condominiums. With sales having launched in April 2025, this is a prime opportunity to secure a residence in what is destined to become one of Miami Beach's most prestigious addresses.
The Perfect Equilibrium: Escaping the Extremes of Beachfront Living
Ocean Terrace Residences addresses a common challenge for luxury buyers: finding the perfect balance. Unlike many beachfront condos that suffer from either a lack of quality retail and dining options or are situated in overly crowded tourist zones, Ocean Terrace offers the best of both worlds.
- Exclusive Sanctuary: With only 52 residences, the development provides an intimate atmosphere and a high degree of privacy and discretion.
- Unparalleled Walkability: Despite its exclusivity, Ocean Terrace is designed for convenience. Residents can enjoy easy access to sophisticated amenities and the surrounding neighborhood without sacrificing their tranquility.
Seamless Integration: Art Deco Charm Meets Modern Convenience
A key differentiator for Ocean Terrace is its thoughtful integration into the neighborhood fabric. Witkoff has masterfully incorporated high-end retail within a revitalized Art Deco structure as part of the development. This approach not only preserves the architectural character of the area but also adds significant convenience for residents, providing curated shopping and potentially dining options just steps away.
Uncompromising Ocean Views and Direct Beach Access
Every residence at Ocean Terrace is designed to celebrate its pristine oceanfront location:
- Unobstructed Ocean Views: A rare promise in Miami Beach, every single one of the 52 residences boasts direct, unobstructed views of the Atlantic Ocean.
- Direct Beach and Boardwalk Access: Step directly from your exclusive enclave onto the sands of Miami Beach and enjoy easy access to the scenic boardwalk for morning jogs or evening strolls.
Residences Designed for Grand Living and Flexibility
The homes at Ocean Terrace are crafted for those who appreciate space, light, and sophisticated design:
- Expansive Floor Plans: Residences offer generous layouts, ranging from just under 3,000 to nearly 7,000 square feet, providing ample room for living, entertaining, and personal retreats.
- Soaring Ceilings: Enjoy airy interiors with 10-foot standard ceiling heights, rising to 11 feet in penthouse residences.
- Deep Terraces: Expansive private terraces, up to 13 feet deep, seamlessly extend your living space outdoors, perfect for enjoying the ocean breezes and panoramic views.
- Customization Potential: Buyers have the unique option to combine units, allowing for the creation of truly bespoke, large-scale custom layouts to perfectly suit individual needs.
A Smart Investment in Enduring Value
Ocean Terrace Residences presents a compelling financial proposition for discerning investors:
- Reasonable HOA Fees: Projected at $2.50 per square foot, the HOA fees are positioned competitively within the ultra-luxury market.
- Independent Restaurant Operation: While a high-end Pavilion restaurant will enhance the community's lifestyle, it will not be managed by the HOA. This means residents are shielded from potential operational costs being passed through their association fees – a significant long-term financial benefit.
- Prime Location and Exclusivity: The combination of a sought-after location, limited inventory, and high-caliber development points towards strong potential for long-term value appreciation.
- Pricing: Reflecting its premier status, residences start at $9 million, with the penthouse offered at $64 million.
With sales having launched in April 2025 and project completion estimated for 2029, the opportunity to acquire a residence at Ocean Terrace is available now. This development represents a rare chance to invest early in a project that uniquely addresses the desires of the modern luxury buyer.
Why Ocean Terrace Stands Out
In a market often defined by compromises, Ocean Terrace Residences offers a rare and compelling proposition. It avoids the pitfalls of being too isolated or overly tourist-centric, providing a unique blend of serene oceanfront privacy, walkable convenience with integrated high-end retail, spacious and flexible residences, and sound financial considerations. It is truly a standout offering, redefining luxury living in Miami Beach.
Register your interest today to receive exclusive updates on floor plans, specific features, amenities, and purchasing opportunities for Ocean Terrace Residences. Call 305.494.1767