El-Ad Wins Approval for North Bay Village Condo Height Increase

Developer secures preliminary green light to build taller towers on Miami waterfront site.

Apr. 15, 2026 at 7:10pm

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A photorealistic studio still-life photograph of a polished metal and glass scale model of a modern high-rise condominium tower, standing upright on a clean, monochromatic background and using dramatic lighting to convey the abstract concepts of real estate development and urban density.A sleek, minimalist rendering of a luxury waterfront condominium tower symbolizes the continued strength of South Florida's high-end real estate market.Today in Miami

Boca Raton-based real estate firm El-Ad National Properties has received initial approval from local authorities to increase the height of its planned bayfront condominium development in North Bay Village, Florida. The project, part of the larger Elad Group based in New York, will now be able to construct taller towers on the waterfront site after securing the necessary zoning variances.

Why it matters

This height increase represents a significant win for El-Ad as it looks to maximize the development potential of the prime Miami-area real estate. Taller towers will allow the company to build more units and likely command higher prices given the desirable waterfront location. The approval also signals the continued strength of the South Florida condo market, which has seen robust demand and rising prices in recent years.

The details

El-Ad's North Bay Village project calls for a multi-tower condominium development on a bayfront site. The company originally proposed buildings up to 12 stories in height, but has now received approval to construct towers up to 15 stories tall. This height increase will enable El-Ad to add more residential units to the development. The project still requires additional approvals before construction can begin.

  • El-Ad first unveiled plans for the North Bay Village condos in early 2025.
  • The company secured preliminary height increase approval from local officials in April 2026.

The players

El-Ad National Properties

A real estate development firm based in Boca Raton, Florida and part of the larger Elad Group based in New York.

Elad Group

A New York-based real estate company that owns El-Ad National Properties.

North Bay Village

A small municipality located on a series of man-made islands in Biscayne Bay, just north of Miami.

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What they’re saying

“This height increase will allow us to deliver an even more impressive waterfront development that meets the strong demand we're seeing in this market.”

— David Eisenberg, Chief Development Officer, El-Ad National Properties

What’s next

El-Ad must now secure final approval from North Bay Village officials before beginning construction on the taller condo towers.

The takeaway

El-Ad's ability to increase the height of its North Bay Village project highlights the continued strength of South Florida's luxury condo market, as developers look to maximize the value of prime waterfront real estate in the region.