Key Takeaways
- Two of South Florida’s best-known pre-construction projects are being marketed under names they no longer have: One River Point is now Faena Residences Miami, and 93 Ocean is now Ocean House — and Ocean House is half the height it was sold as.
- A widely quoted “824 residences” at Viceroy Residences Fort Lauderdale is two separate buildings. Only 370 are condominiums; the other 454 are rental apartments.
- Two projects are marketed at addresses that do not exist on the county roll — a sweep of all 1,572 folios on Indian Creek Drive found no “29 Indian Creek Drive”.
- Legacy Residences at Miami Worldcenter has been halted since March 2024 at roughly the 16th floor of a planned 50, with a foreclosure action filed in July 2025.
- The obstacle at EDITION Residences Miami Edgewater cleared on 31 August 2026, when Two Roads settled with the last holdout owners at Biscayne 21.
Pre-construction is the only part of the Miami market where the product does not exist yet. That gap — between what was announced and what is actually being built — is where the listings go stale, and it is where buyers get hurt.
What follows is not a prediction about any of these buildings. It is a comparison between what is currently being marketed and what the county roll and the dated trade record actually say, as of 1 September 2026. Every claim below is sourced, and where the record is genuinely unsettled, this article says so rather than picking the number that reads best.
Which Miami projects have been renamed?
One River Point is now Faena Residences Miami. Fortune International Group and KAR Properties redesigned the two-tower Rafael Viñoly scheme with Alan Faena, and the project is no longer marketed under its original name or its original address. The plan is two 60-storey towers with roughly 440 residences, a 45,000-square-foot Faena Rose cultural centre and a three-storey skybridge. It is not under construction — presales only, with groundbreaking anticipated in 2026 and phased delivery by 2029. A penthouse presold for $30 million in July 2026, a Miami River record at roughly $3,700 per square foot.
93 Ocean in Surfside is now Ocean House — and the specification changed with the name. It is now 6 storeys with 25 residences, reduced from the 12 storeys and 27 residences originally marketed. Multiplan Real Estate Asset Management is the developer, with architecture by Arquitectonica, interiors by Carla Guilhem and landscape by ArquitectonicaGEO. It broke ground in February 2025 and delivers in 2027, from $5 million; the penthouse is $70 million across 14,527 square feet.
If you are researching either building under its old name, almost everything you find will describe a building that is not the one being sold.
Why does Viceroy Fort Lauderdale show 824 units?
Because it is two buildings, and only one of them is for sale.
Viceroy Residences Fort Lauderdale is a two-tower development in Flagler Village totalling 824 units. The east tower at 201 North Federal Highway holds the 370 Viceroy-branded condominiums. The west tower at 505 NE 2nd Street is 454 rental apartments. Listings that quote the 824 figure, or that use the 505 address for the condominium, are conflating the two.
The condominium is a 45-storey, 500-foot tower by New York’s Naftali Group, with architecture by Arquitectonica and interiors by the Rockwell Group. Delivery is estimated for 2028, with pricing from roughly $520,000.
And it is not the Brickell Viceroy. Viceroy Brickell — The Residences opened in May 2026: 45 storeys, 420 residences, by Related Group and GTIS Partners. Same brand, different developer, different city — and it was a rental-to-condominium conversion rather than ground-up construction, which is worth knowing if you are comparing the two on finish level and floor plate.
Are there projects listed at addresses that do not exist?
Two, both of which we checked against the county roll directly.
Twenty-Nine Indian Creek is widely marketed at “29 Indian Creek Drive”. That address matches no parcel in Miami-Dade County — a sweep of all 1,572 folios on Indian Creek Drive found no such house number. The site is 2901 Indian Creek Drive. There is a second, larger issue with this project: no condominium declaration has been recorded and no unit folio exists, so there are no units to price. The development is real, the assembled site is on the roll, and the developer and design team are named in dated trade coverage — but until a declaration is recorded, any priced inventory you are shown is not backed by a recorded unit.
The Ritz-Carlton Residences Palm Beach Gardens is commonly listed at “2200 PGA Boulevard”, which matches no parcel on the Palm Beach County roll. The site is recorded under the Landing at PGA Waterway replat. The building itself is real and nearly finished — 106 estate residences on eleven acres of Intracoastal waterfront, in its final construction phase as of spring 2026 — but if you search the county by the address in the listing, you will find nothing.
Which Miami project is actually stalled?
Legacy Residences at Miami Worldcenter. Construction has been on hold since March 2024, at roughly the 16th floor of a planned 50. A foreclosure action was filed against the developer in Miami-Dade Circuit Court in July 2025, and no resolution has been reported since October 2025. The Miami-Dade County Property Appraiser records the site as still owned by Legacy MWC Trustee LLC with no transfer since 2021, so no foreclosure sale has occurred.
The condominiums were reported sold out in presales. Given the halt and the pending action, anything you are offered on this building needs legal review before a deposit, not after.
One more thing worth saying plainly: no condominium declaration has ever been recorded for this project, so no statement can be made about whether short-term rentals will be permitted there. Marketing that promises a rental policy for this building is promising something that does not yet legally exist.
Where is the unit count genuinely unsettled?
At The St. Regis Residences, Sunny Isles Beach, and we are not going to pretend otherwise. PROFILEmiami reports 320 residences — 170 in the South Tower and 150 in the North — against 357 stated elsewhere. That is a difference of about 11%, and we have not settled it against the county roll.
What is not in dispute is the stage. As of 1 August 2026, the South Tower had only just completed its foundation, with vertical construction expected to move above grade later in the year, and the North Tower was scheduled to break ground in the fourth quarter of 2026. A 62-storey tower does not deliver in the year its vertical construction begins.
What changed at EDITION Residences Miami Edgewater?
On 31 August 2026, the thing that had been holding the project up finally cleared. Two Roads Development settled with the holdout owners at Biscayne 21, ending a fight that began in 2023 over the condominium’s termination. The developer paid the holdouts for their units; the combined price was not disclosed, though a source told The Real Deal it was about $50 million. A court still has to approve the resolution, and the developer says demolition of the existing 13-storey, 192-unit building could begin within a few weeks.
The reason the developer lost that fight is the most useful thing in this entire article for anyone looking at a waterfront building being assembled for redevelopment. Biscayne 21’s declaration lacked what is known as “Kaufman language” — the phrase “as amended from time to time”, which applies later changes in state law to a condominium declaration automatically. Without it, Florida’s Third District Court of Appeal held that lowering the termination threshold from 100% of owners to 80% would have required 100% of owners to agree. The Florida Supreme Court declined to hear the case in October 2025.
If you are buying into an older waterfront building that a developer may one day want to assemble, whether its declaration contains that phrase is a question worth asking your attorney before you close.
Separately, and unresolved: three buyers sued Two Roads in May 2026 seeking the return of roughly $2.5 million in deposits. The Biscayne 21 settlement does not touch that.
How should a buyer use any of this?
Three habits, in order of how much money they save.
Search the county by folio, not by the street address in the listing. Marketing addresses are chosen; folios are recorded. Two of the eight projects above are marketed at addresses that do not exist on the roll.
Ask whether a declaration has been recorded. Until it has, there is no unit, no square footage of record, no rental rule and no reserve obligation — only a plan. That is a legitimate thing to buy into, but it is not the same thing as buying a condominium.
Check the date on every claim, including ours. This article is accurate as of 1 September 2026. Two of the facts in it changed within the last week. In pre-construction, a source without a date on it is not a source.
If you want the recorded declaration on any building here, what has genuinely closed in it, or a straight answer on whether it suits what you are after, ask me directly.