VDA DEVELOPMENT SECURES $30.5 MILLION CONSTRUCTION LOAN FOR ORIGIN RESIDENCES BY ARTEFACTO IN BAY HARBOR ISLANDS

MIAMI, July 9, 2025 /PRNewswire/ -- VDA Origin, the Chilean real estate development firm behind Origin Residences by Artefacto, has secured a $30.5 million construction loan from New York-based S3 Capital to advance the development of its exclusive 27-residence luxury condominium in Bay Harbor Islands. The milestone marks a significant step forward for what will be the first-ever condominium branded and furnished by acclaimed Brazilian design house, Artefacto.

Located at 9760 West Bay Harbor Drive, Origin broke ground in April 2025 and is slated for completion in late 2026. The boutique seven-story development features residences ranging from 2,135 to 2,200 square feet, with prices between $3.8 million and $4.5 million. To date, 20 of the 27 residences have already been pre-sold, a testament to the project's unique market appeal.

"We are incredibly pleased to partner with S3 Capital, whose deep understanding of real estate and track record of financing exceptional developments makes them the ideal partner for Origin," said Mauricio Moya, co-founder of VDA Origin. "This financing brings us one step closer to realizing our vision for Origin as a new standard of boutique waterfront living in Miami, and a proud debut for Artefacto's first branded residential project."

S3 Capital's co-founder Robert Schwartz added, "We're excited to partner with VDA Development on this extraordinary project. VDA is a best-in-class developer with deep experience completing luxury residential projects and has assembled a leading development team in Miami by partnering with Thornton Construction."

Origin Residences was designed by Revuelta Architecture International, one of Miami's most respected architectural firms. In addition to Artefacto-curated interiors, the development will feature a suite of high-end amenities, including 10 private marina slips, a rooftop pool deck with a summer kitchen and bar, a club room, fitness center, coworking space, and a beautiful social lounge.

"Bay Harbor Islands is a highly sought-after neighborhood with limited inventory, which makes it an exceptional real estate opportunity," said Sergio Guzman, co-founder of VDA Origin. "With its prime location and elevated design, Origin stands out in the market—so it's no surprise that pre-sales have been as strong as they are."

"Origin Residences by Artefacto captures the essence of the Miami lifestyle that today's global buyers are seeking — boutique, waterfront living in a safe, walkable neighborhood with easy access to world-class shopping and dining," added Jesse Ottley, President of Development Sales at Cervera Real Estate. "It's incredibly rewarding to see that vision coming to life in Bay Harbor Islands."

About VDA | Origin Miami
VDA | Origin Miami, is a company that has developed multiple projects aimed mainly at the Real Estate and Hotel sector. VDA | Origin Miami was established in 2003, focusing on developing residential housing projects. The quality of products produced by VDA | Origin Miami allowed the firm to branch out to the hospitality field, designing and building two large hotels belonging to the prestigious Radisson hotel chain. 

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SOURCE VDA Origin