Yakol Capital, a Miami-based investment firm specializing in real estate development, hospitality, and sports complexes, announces the $7 million acquisition of a 2-acre site on the Miami River, located at 8440 NE 1 PL, for future development.
The project is envisioned as a transformative biophilic mixed-use development, seamlessly integrating residential, commercial, and community spaces with sustainability and wellness at its core. This innovative development will exemplify Yakol Capital’s commitment to blending nature, wellness, and forward-thinking architecture, creating a vibrant urban ecosystem.
Yakol Capital is also gearing up to launch pre-construction sales for House, by Shigeru Ban, a 320-unit condominium planned for 237 N.E. 54th Street in Upper Buena Vista. Designed by the renowned Japanese architect Shigeru Ban, the project offers a unique blend of design and affordability, with units starting in the $300,000s and averaging about $1,100 per square foot.
The 1.16-acre site was assembled for $6.57 million in 2023 through affiliate Toussaint Ateliers Residences. Pre-sales are expected to begin by April or May 2025, marking another milestone for Yakol Capital's innovative developments.
“We have selected extremely qualified, innovative architects, designers, contractors, and experts to reimagine the lifestyle we envision for areas of our city that hold immense potential for environmental enhancement,” said William Jacome, Managing Partner at Yakol Capital. “This project aims to create walkable neighborhoods that elevate the quality of life for both residents and visitors.”
This acquisition aligns with Yakol Capital’s broader mission to deliver forward-thinking projects that enrich Miami’s urban landscape.
“We are committed to bringing projects to Miami that prioritize sustainability, landscaping, and green spaces accessible to all,” added Orlando Medellin, Managing Partner at Yakol Capital. “Enhancing urban neighborhoods through thoughtful land development is a top priority for our firm.”
About Yakol Capital Partners
Yakol Capital Partners is a Miami-based investment firm specializing in real estate development, wellness, and hospitality. With a focus on revitalizing underutilized spaces, Yakol Capital transforms assets into high-performing, community-centric developments.
The firm operates an end-to-end development model that integrates innovative architecture, art, design, wellness, and experiential programming to maximize each project's potential. Sustainability is central to Yakol Capital’s mission, with every development incorporating eco-friendly practices that support local ecosystems and enhance community well-being.
Led by Colombian American real estate developers and managing partners William Jacome and Orlando Medellin, Yakol Capital embodies the principles of its name, derived from the Hebrew word "Yakol," meaning "ability and endurance." This ethos drives the firm’s commitment to seizing transformative opportunities and delivering exceptional results for stakeholders.
For more information about Yakol Capital and its projects, visit www.yakolcapital.com
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