Related Group, Alta Developers Finished Miami Tower
The developers paid off their $240 million construction loan for the 56-story Casa Bella Residences.
Updated on Oct. 5, 2026 in Construction
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The Related Group and Alta Developers have completed the 56-story Casa Bella Residences at 1400 Biscayne Boulevard in Miami. The project has reached a major milestone as developers successfully repaid their $240 million construction loan from Cain International.
Why it matters
The completion marks a significant financial success for the developers, with the project now over 95 percent sold. It highlights continued demand in the local market, where luxury residential tower developments remain a key driver of urban growth.
The tower contains 319 units, with more than 200 closings recorded since July 2026. Projected total sellout for the project is $580 million, while current inventory pricing ranges from $1,400 to $1,500 per square foot.
The players
The Related Group
A prominent real estate development firm based in Florida that specializes in luxury residential projects.
Alta Developers
A real estate development company known for high-end residential and commercial projects in South Florida.
Cain International
A private real estate investment firm that provides debt and equity financing for large-scale development projects.
Arquitectonica
A global architecture, interior design, and urban planning firm renowned for shaping the skyline of Miami.
Piero Lissoni
An internationally recognized Italian architect and designer who provides aesthetic direction for high-end residential interiors.
The details
Designed by Arquitectonica with interiors by Piero Lissoni, the tower is located in the Arts & Entertainment neighborhood. Marketed by Fortune Development Sales, the project features a buyer pool composed of 60 percent South American and 40 percent domestic purchasers.
Timeline
A Related affiliate purchased the site for $57.7 million in 2014.
Developers launched project sales in 2021.
Cain International provided the construction loan in 2023.
Unit closings officially began in July 2026.
Market Landscape
This project underscores the ongoing transformation of Miami's skyline through the influx of high-end residential capital. It reflects an industry trend where developers capitalize on international buyer interest to move inventory rapidly in competitive urban hubs.
Buyers looking for property in the Arts & Entertainment neighborhood now face a market where prices have escalated to between $1,400 and $1,500 per square foot. The high occupancy status indicates a tightening inventory for those seeking luxury units in this specific section of the city.
The takeaway
The successful repayment of construction debt signals a return of capital to the developers and reflects strong market absorption for high-end residential real estate. Potential buyers should note that with over 95 percent of units sold, remaining availability in such premium developments is increasingly scarce.
Further reading
For more insight into regional development projects, explore the latest trends in /business/industry/construction/.
Source note: This article includes information reported by The Real Deal New York.
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