New Construction Projects in Key Biscayne, Florida

Project 1: Silver Sands Residences

• Developer: Terra Group & Fortune International
• Location: 301 Ocean Drive, Key Biscayne, FL 33149
• Type: Residential (Oceanfront Condo)
• Units/Size: 56 ultra-luxury residences (3,354–4,788+ sq ft standard; larger penthouses with private pools); 13–14 stories; 221 parking spaces
• Status: Pre-construction (demolition of former Silver Sands Beach Resort completed or ongoing as of mid-2026; approvals secured)
• Expected Completion: 2028–2029
• Description: Boutique oceanfront condominium redevelopment of a former hotel site, the first new condo development on Key Biscayne in over a decade. Features modern tropical design by Touzet Studio, landscaping by Raymond Jungles, resiliency measures (e.g., elevated structure, stormwater features), and amenities including pools, wellness facilities, and dining options. Marketed as climate-resilient primary residences.[1][1]

No other significant large-scale residential, mixed-use, or commercial new construction projects were identified in Key Biscayne proper as of September 2026. Smaller-scale or individual custom single-family home builds exist but do not constitute major development projects. A new public library branch is under construction at 299 Crandon Boulevard (groundbreaking 2026, ~20,000 sq ft, targeted 2028 completion), but it falls outside the primary residential/mixed-use/commercial focus.