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, replacing an existing medical office building on the 1.1-acre site.
The development is expected to include 374 residential units, with prices starting at $380,000 and reaching over $1 million. Unit sizes will range from studios measuring 552 square feet to three-bedroom condos up to 1,412 square feet. Short-term rentals will not be permitted in the building.
According to a spokesperson for the developers, construction is scheduled to begin in mid-2026 and is projected to take about three years to complete. More than 40,000 square feet of amenities are planned, including a pool deck, outdoor kitchens and lounge areas, spa rooms, co-working space, market and cafe, pickleball court, and pet spa.
Blue Road is led by CEO Jorge Savloff and Ilia Development Group by investment banker Germán Osorio. The developers plan to use EB-5 investment funds for the project. The minimum investment required for EB-5 investors is $1.05 million.
Fortune International Real Estate’s development sales division has been selected to handle sales and marketing for The William. Architect Carlos Ott and Behar Font & Partners are responsible for the design of the building, while Urban Robot will oversee interior design.
The property was acquired by an affiliate of the developers in 2022 for $7.5 million.
The William is named after William Fulford, a U.S. Coast Guard captain who acquired land in the area more than a century ago that later became part of North Miami Beach.
This marks at least the second partnership between Blue Road and Fortune International Group in North Miami Beach. Their previous collaboration includes Nexo Residences at 13899 Biscayne Boulevard—a 16-story condo project allowing short-term rentals—which recently secured a $73.3 million construction loan from Bank Hapoalim with support from EB-5 investors.
Uptown Harbour is another major development proposed in North Miami Beach; it would be built on the current site of Intracoastal Mall by Dezer Development.
