Blue Road and Ilia Development Group have begun sales for The William, a planned 26-story condominium tower in North Miami Beach. The project will be located at 2040 Northeast 163rd Street, on a site currently occupied by a medical office building. Blue Road is led by CEO Jorge Savloff, while Ilia Development Group is headed by investment banker Germán Osorio.
The development will feature 374 residential units. The minimum investment required from EB-5 investors is $1.05 million. Fortune International Real Estate’s development sales division has been selected to manage the sales and marketing of the project. Unit prices start at $380,000 and go up to more than $1 million, with sizes ranging from studios of 552 square feet to three-bedroom condos measuring up to 1,412 square feet.
A spokesperson for the developers stated that short-term rentals will not be permitted in the building.
Residents will have access to over 40,000 square feet of amenities, including a pool deck, outdoor kitchens and lounge areas, spa rooms, co-working space, market and cafe, pickleball court, and pet spa.
Construction is scheduled to begin in mid-2026 and is expected to take about three years to complete.
Records indicate that an affiliate of the developers acquired the property for $7.5 million in 2022.
The William is named after William Fulford, a U.S. Coast Guard captain who purchased land in the area over a century ago that later became part of North Miami Beach.
The architectural design team includes Carlos Ott and Behar Font & Partners, with interiors by Urban Robot.
This marks at least the second partnership between Blue Road and Fortune International Group in North Miami Beach. Their previous collaboration is Nexo Residences—a 16-story condo building with 254 units designed for short-term rentals at 13899 Biscayne Boulevard—which recently secured a $73.3 million construction loan from Bank Hapoalim supported by EB-5 investors. That project is expected to finish next year.
Uptown Harbour remains one of the largest proposed developments in North Miami Beach; it would occupy the current Intracoastal Mall site on approximately 29 acres and is being developed by Dezer Development.
