Three Developers Split One Tower
Property Markets Group, Lion Development Group, and LNDMRK Development carry One West Twelve Residences as a three-firm development team. The tracker lists all three under the developer heading and keeps PMG Residential on sales.
The record stops at the roster. It publishes no equity split between the three firms and no capital contribution figure. A capital read of the tower rests on the recorded team and the recorded facility.
Maxim Capital Lent Ninety Two and a Half Million
Maxim Capital Group closed a $92.5 million construction loan in December 2025, per Commercial Observer. That sits two months after the 1 October 2025 groundbreaking.
About 97 percent of the homes were reported under contract at that closing. A presold count at that level cuts the sell-through risk a construction lender carries into a two-year build.
Two Hundred Forty Five Feet on Eleventh Terrace
The tower rises 23 stories and 245 feet. The tracker prints 1129 NW 1st Court, Miami as the address and describes the site in its own text as Northwest Eleventh Terrace. Both streets meet at the parcel.
CUBE 3 Draws a Twenty Three Story Slab
CUBE 3 holds the architecture. Cotofana Designs holds interiors. John Moriarty & Associates builds, and PMG Residential sells. The tracker carries seven companies and their contacts on the project page.
The design record gives height, story count, and the rooftop program. It carries no facade material, no glazing specification, and no rendering count.
The Unit Program Runs Studios to Townhomes
Homes run studios, one-bedrooms, and a limited collection of one-, two-, and three-bedroom townhomes, all fully furnished. The tracker puts the residences at 287 to 511 square feet. Florida YIMBY reported on 20 December 2024 with a top figure of 547 square feet.
Short-term rental is permitted. YIMBY named VRBO and Airbnb as the platforms in the same report. The tracker describes the building as short-term-rental-friendly.
Cotofana Names the Interiors
The 20 December 2024 report lists Italkraft cabinetry, Miele appliances, built-out closets, and an in-unit washer and dryer. The ground floor holds Vibe BBQ, a restaurant and lounge from Marcus Samuelsson. The tracker calls him a James Beard Award-winning chef and describes the concept as fast-casual American comfort food with a Miami twist. The tenancy signed in July 2024.
The Delivery Window Sits in the Fourth Quarter of 2028
The tracker timeline runs from the 2024 announcement and the 2024 sales launch through the July 2024 Vibe BBQ signing, the 1 October 2025 groundbreaking, and a December 2025 financing close. Sales stood at about 97 percent at that close. Five more dated milestones sit behind the Pro badge.
The pricing model carries $1,850 a square foot at delivery as a base case, with a band of $1,600 to $2,100 drawn from six comparable launches within 1.2 miles. The page labels every value an estimate.
What the Record Leaves for the Next Filing
Topping out, facade completion, and the certificate of occupancy carry no published date in the record. Unit-level pricing is unpublished. No rental program operator is named.
The pipeline question turns on the 2028 quarter. JEM Private Residences delivers at 0.3 miles in Q4 2027, Waldorf Astoria Residences Miami at 0.7 miles in Q2 2028, 700 North Miami Avenue at 0.3 miles in 2028, and 14 ROC at 0.4 miles in 2028. One West Twelve joins that set with 372 homes, a three-firm partnership, and a $92.5 million facility behind it.
Overtown capital reads through the delivery calendar. Three neighbouring projects land in 2028 within two miles: Waldorf Astoria in Q2, and 700 North Miami Avenue and 14 ROC with a year and no quarter. One West Twelve adds a Q4 print to that set. The next filing that matters is the first one carrying a topping-out date.