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, currently the site of a medical office building. Blue Road is headed by CEO Jorge Savloff, while Ilia Development Group is led by investment banker Germán Osorio.
The William will feature 374 residential units on a 1.1-acre parcel. Units will be priced from $380,000 to more than $1 million and will range in size from studios of 552 square feet to three-bedroom condos with up to 1,412 square feet. Fortune International Real Estate’s development sales division has been selected to handle sales and marketing for the property.
Developers plan to utilize EB-5 investment funding for the project, which requires a minimum investor contribution of $1.05 million. Short-term rentals are not permitted in the building.
Amenities planned for The William include over 40,000 square feet dedicated to features such as a pool deck, outdoor kitchens and lounge area, 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 approximately three years.
Records indicate that an affiliate of the developers purchased the property for $7.5 million in 2022.
The condo tower is named after William Fulford, a former U.S. Coast Guard captain who acquired land that later became part of North Miami Beach more than a century ago.
The design team includes architect Carlos Ott along with Behar Font & Partners; Urban Robot will handle interior design work.
This marks at least the second partnership between Blue Road and Fortune International Group in North Miami Beach. Their other joint venture is Nexo Residences at 13899 Biscayne Boulevard—a 16-story condominium project designed for short-term rentals featuring 254 units—which recently secured a $73.3 million construction loan from Bank Hapoalim with support from EB-5 investors; completion is expected next year.
In addition to these projects, one of the largest proposed developments in North Miami Beach is Uptown Harbour by Dezer Development on the current Intracoastal Mall site spanning about 29 acres.
