Tula Residences

About the Project

At the center of Tula Residences is a developer with an unusually personal relationship to Miami real estate. Bayshore Grove Capital, the Coconut Grove-based private equity and development firm led by Vivian Dimond, was built on more than four decades of industry experience spanning sales, construction management, property management, and residential financing. Dimond earned her real estate license in 1984 and has since assembled a portfolio that includes thousands of residential units across South Florida, from workforce housing near Allapattah to luxury apartments in Broward County. When she saw the opportunity to rescue a stalled structure on Harbor Island in North Bay Village, she did not simply step in as a capital provider — she assumed full creative and operational control, determined to deliver something the market had not yet seen on these shores.

The story of Tula Residences is inseparable from the building that preceded it. Malaysian developer Pacific & Orient Properties broke ground at 7918 West Drive in early 2023, envisioning a 21-story condominium tower on one of the last available waterfront sites in North Bay Village. Construction stalled in late 2023 as financing difficulties mounted and a million mechanics lien filed by former general contractor Thornton Residential brought work to a halt. By the time Bayshore Grove Capital assumed the role of managing member in early 2025, the structure had reached fifteen stories but sat dormant — a concrete shell awaiting a new vision. Dimond's first act was not to simply resume construction but to fundamentally rethink the project. The lobby, originally positioned on the sixth floor in a design conceit that defied intuition, was relocated to the ground level where it belongs. Window dimensions were enlarged throughout to pull the full panorama of Biscayne Bay deeper into every residence. Floor plans were revised for improved flow, and an entirely new wellness-focused amenity program was commissioned to replace the original concept. In December 2025, Bayshore Grove Capital secured a 7 million construction loan, providing the full financial firepower to carry the project through to its anticipated 2027 completion.

The building was rechristened Tula, a Sanskrit word meaning balance — and the conceptual anchor for everything that followed. The name frames the development's central proposition: that urban sophistication and island tranquility, bold contemporary design and organic warmth, the energy of one of the hemisphere's great cities and the stillness of open water can coexist within a single address. North Bay Village, perched on Harbor Island in the middle of Biscayne Bay along the 79th Street Causeway, is itself an embodiment of that duality — connected by minutes to both downtown Miami and South Beach, yet possessed of a quiet residential character that larger neighborhoods long ago surrendered. Tula leans into this positioning deliberately, presenting itself not as another tower competing on height or unit count but as a boutique sanctuary with a clearly articulated philosophy of living.

Architecture and interiors were entrusted to two practices whose sensibilities reinforce the Tula concept. MTTR MGMT shaped the building's exterior language — a composition of glass and volume that is precise without being cold, modern without being anonymous. The interiors were given to Shannon Farrell Design, the boutique studio founded by Shannon Farrell, a former collaborator at Rockwell Group and Elkus Manfredi whose work has been featured in the New York Times, Metropolis, Surface, and Dwell. Farrell's approach layers sleek architectural surfaces against organic material warmth: stone floors run throughout, ten-foot ceilings provide genuine spatial generosity, and wraparound glass terraces dissolve the boundary between interior living and the open bay beyond. Kitchens are Italian-designed and fully appointed with Miele appliances — oven, cooktop, refrigerator, and dishwasher — while walk-in laundry rooms and ample storage speak to residences designed for long-term occupation rather than occasional use. The tower offers 54 residences across 21 floors, with a strict limit of four homes per level, ensuring that every unit occupies a corner position with unobstructed water and skyline views. Configurations range from two-bedroom layouts starting at approximately 1,590 square feet to three-bedroom residences reaching 2,440 square feet. The six penthouse floors expand to five-bedroom-plus-den floor plans of up to 4,140 square feet, with proportional private terraces suited to the scale of outdoor living that Biscayne Bay demands. Landscaping and the ground-level environment were designed by H.L. Martin, whose work integrates tropical plantings and green spaces into the building's arrival experience.

The amenity program at Tula is where Dimond's wellness-oriented redesign philosophy is most tangible. A resort-style swimming pool anchors the outdoor amenity level, surrounded by private cabanas and open to the bay breezes that define life on Harbor Island. A state-of-the-art wellness center was purpose-built to serve residents who prioritize physical health as a non-negotiable component of daily routine. A pet spa and grooming station acknowledges the realities of luxury ownership in a city that has fully embraced its dogs. Indoors, a private dining room with a warming kitchen provides a dedicated setting for catered events and intimate gatherings, while a residents' lounge oriented toward the water offers an informal counterpoint. A skyline club room and media room round out the social programming, and a dedicated concierge service operates around the clock to attend to the quotidian logistics of busy lives. Direct access to a scenic waterfront promenade connects residents to the broader Harbor Island environment, allowing the natural amenity of Biscayne Bay to function as an extension of the building itself.

For buyers evaluating where to place capital in the current South Florida market, Tula Residences presents a genuinely differentiated case. North Bay Village has historically flown beneath the radar of the luxury market, overshadowed by the more established addresses of Edgewater, Brickell, and the Miami Beach barrier islands. That dynamic is shifting. The combination of extreme waterfront scarcity, the neighborhood's location equidistant between Miami's urban core and the resort amenities of South Beach, and the absence of competing luxury supply at this price point has begun attracting buyers who understand that value in real estate is often found precisely where the crowd has not yet fully arrived. At asking prices beginning above .4 million for two-bedroom residences and reaching nearly million for penthouses, Tula is positioned at the upper register of the North Bay Village market — a deliberate statement that the neighborhood's moment has arrived and that the standard of living it can offer is no longer a concession but a genuine choice.

Amenities

Location

7940 East Dr, North Bay Village, FL 33141