JEM Private Residences
Pre-construction condos in Downtown Miami, Miami. Expected delivery Q2-Q4 2027. Developed by Naftali Group.
JEM Private Residences at a glance
| Address | 1016 NE 2nd Ave |
|---|---|
| Neighborhood | Downtown Miami |
| Developer | Naftali Group |
| Units | 274-278 |
| Floors | 65-67 |
| Expected delivery | Q2-Q4 2027 |
| Priced from | $600K |
| Deposit schedule | 20% contract / 10% at 90 days / 10% Summer 2026 / 60% closing |
| Status | Under construction, vertical complete |
Fields left out are ones I could not verify. A range means sources disagree. I do not publish a number I cannot show you the source for.
What the deposit schedule actually asks of you
20% contract / 10% at 90 days / 10% Summer 2026 / 60% closing
The common Miami pattern is 20 percent at contract, 10 percent at groundbreaking, 10 percent at top-off and the balance at closing. Compare where this one front-loads or spreads out, because two projects at the same price can ask for very different cash over the same three years. The schedule in the purchase agreement governs, not the marketing sheet.
How Miami deposit schedules work and the contract clauses worth arguing about.
How JEM Private Residences compares in Downtown Miami
Every other condo project selling off plan in Downtown Miami right now, so you can see where this one sits rather than looking at it alone.
| Project | Units / Floors | Delivery | From | Deposit at contract |
|---|---|---|---|---|
| JEM Private Residences (this project) | 274-278 / 65-67 | Q2-Q4 2027 | $600K | 20% contract / 10% at 90 days / 10% Summer 2026 / 60% closing |
| Delano Residences Miami | 421 / 90 | 2030-2031 | $725K suites / $1.46M 1BR | 10% contract / 10% Oct 2026 / 10% groundbreaking est Jun 2027 / 10% 1yr later / 60% closing |
| Okan Tower | 163 + 236 + 14 / 70-72 | 2027-2028 | $680K | not published |
| Waldorf Astoria Residences Miami | 360 / 100 | 2029 | 1BR sold out; 2BR $3.3M | 20% contract / 10% at 30 days / 10% at 90 days / 10% at 1yr / balance closing |
Questions buyers ask about JEM Private Residences
What is the deposit schedule at JEM Private Residences?
As published: 20% contract / 10% at 90 days / 10% Summer 2026 / 60% closing. Deposit terms live in the purchase agreement rather than in marketing material, so confirm this against the contract before you rely on it.
When is JEM Private Residences expected to be delivered?
Currently Q2-Q4 2027. Pre-construction delivery dates move, and the contract governs what happens if they do.
Who is developing JEM Private Residences?
The developer is Naftali Group. A developer's track record on delivery matters as much as the building itself, and it is worth asking what else they have completed in Miami and when.
How big is JEM Private Residences?
JEM Private Residences is planned at 274-278 units across 65-67 floors. Where a figure shows a range, sources disagree and I have not been able to confirm which is current.
Can a non-resident or foreign national buy at JEM Private Residences?
Yes. There is no citizenship or residency requirement to own Florida real estate. What differs is the paperwork - financing terms for foreign nationals, tax identification, and the withholding rules that apply when you eventually sell.
Keep looking
Condos for sale and rent in Downtown Miami · Every Miami pre-construction condo · Pre-construction vs resale · Financing options
Thinking about JEM Private Residences?
I represent buyers on pre-construction directly. Tell me what you are after and I will tell you honestly whether this one fits.
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