Continuum Obtains $350 Million in Loans for Waterfront Condo Projects

Continuum Co. obtained $350 million in construction loans for its two-tower condo project along the water in North Bay Village.

S3 Capital provided two loans to New York-based Continuum, in partnership with Aksoy Holdings, for its four-acre Continuum Waterfront District. The first loan is $261 million to support the construction of the Continuum Club & Residences West, a condo that broke ground in 2025. The second loan is $83 million for pre-development of the second phase, which will include both a hotel and a condo.

“We have moved into full-scale construction and our project will transform how people experience Biscayne Bay,” said Ian Bruce Eichner, chairman and CEO of Continuum. “Similar to the Continuum on South Beach, our vision is to create a gated community that brings together branded residences, hospitality and rare waterfront access, transforming an underused edge of the bay into an active destination for residents, tourists, and locals alike.”

The 36-story Continuum Club & Residences West at 1755 79th St./Kennedy Causeway will have 236 condos. The developer said they are 50% pre-sold and construction should finish in July 2028. Prices start at just under $1 million.

West Palm Beach-based Kast Construction is the general contractor. Miami-based Arquitectonica is the architect and Durukan Design crafted the interiors.

Continuum obtained approval for the second phase in June 2025. It will replace the former Shucker’s Waterfront Bar & Grill and the Best Western Inn at 1819-1855 79th Street Causeway. It would include the Continuum Club & Residences East with about 300 condos in up to 40 stories, a hotel of up to 273 rooms, 7,500 square feet of meeting space, 20,232 square feet of restaurants, and 2,594 square feet of retail and a 20-slip marina. Continuum has yet to launch sales for the second phase, but said the hotel would be a member of Preferred Hotels & Resorts.

The entire project would include an “island walk” path for pedestrians.

“This project represents the type of design-driven development we look to support, particularly in markets like South Florida where demand remains exceptionally strong,” said Steven Jemal, managing director of originations at S3 Capital. “Continuum Company has repeatedly demonstrated a clear ability to execute complex projects, and we are confident in their vision for creating a truly integrated, mixed-use destination.”Attorneys Matthew Schneid, Drew Barone and Alexander Ortiz of Cole Schotz represented Continuum on obtaining the loan.

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