Blue Road and Ilia Development Group have started 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 consist of 374 units, with prices starting at $380,000 and reaching over $1 million. Unit sizes will range from studios of 552 square feet to three-bedroom condos measuring up to 1,412 square feet. According to the developers’ press release, short-term rentals will not be permitted in the building.
Fortune International Real Estate’s development sales division has been selected to handle sales and marketing for the project. The developers plan to utilize EB-5 investment funds, which require a minimum investment of $1.05 million from foreign investors seeking U.S. residency through the program.
Amenities for residents will cover more than 40,000 square feet and include 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. An affiliate of the developers purchased the property for $7.5 million in 2022.
The William is named after William Fulford, a former U.S. Coast Guard captain who acquired land that became part of North Miami Beach over a century ago.
Architectural design for the project is being handled by Carlos Ott together with Behar Font & Partners; Urban Robot is responsible for interior design.
This marks at least the second collaboration between Blue Road and Fortune International Group in North Miami Beach. Their other joint project in the area 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 with support from EB-5 investors. That project is expected to finish next year.
Among other major developments planned for North Miami Beach is Uptown Harbour on the current Intracoastal Mall site; Gil Dezer’s Dezer Development leads that effort.
