Development News · October 20, 2026
Tula Residences Tops Out in North Bay Village: What Has Been Reported
Tula Residences has reached top-out at 7918 West Drive in North Bay Village. Here is what the official project materials and recent reporting say about the 21-story, 54-residence waterfront project.
Official project rendering: Pacific & Orient Properties LLC
By Condo Invest Miami Research · Editorial & market research · 4 min read
Tula Residences has topped out at 7918 West Drive in North Bay Village, according to an October 5 report by Florida YIMBY. The milestone brings the planned 21-story waterfront condominium to its reported full structural height. The article below separates the construction update from the project features that remain subject to final construction and offering documents.
The reported construction milestone
Florida YIMBY reported that construction had topped out on the 54-residence project, including six penthouses, at the North Bay Village address. Its report names M77R as architect, Shannon Farrell Design as interior designer, and A&R Development as general contractor. The same report says completion is anticipated in the third quarter of 2027. That is a reported construction target, not a guaranteed delivery or occupancy date.
Top-out is a meaningful construction milestone because it marks the building reaching its planned height. It does not mean that residences, amenities, or common areas are complete. Exterior work, building systems, interiors, inspections, and closing milestones still remain after a tower reaches that stage.
What the official project materials describe
The official Tula Residences website lists the address as 7918 West Drive, North Bay Village, Florida 33141. It describes a 21-story tower with 54 total residences, including six penthouses. The published plan includes two-bedroom, two-bedroom-plus-den, and three-bedroom homes, along with five-bedroom-plus-den penthouses on the upper floors.
The site identifies Bayshore Grove Capital as developer, M77R as architect, Shannon Farrell Design as interior designer, and H.L. Martin as landscape architect. Florida YIMBY separately reported that Bayshore Grove Capital is overseeing development and construction while Pacific & Orient Properties serves as project developer. Those roles are reported here as stated by their respective sources rather than treated as a substitute for the project’s legal offering documents.
Published amenity plans include a lobby with 24-hour concierge service, a resort-style pool, fitness center, private dining room, Skyline Club Room, and surround-sound theater. The project website states that plans, features, amenities, dimensions, and specifications may change. They should therefore be read as current project descriptions rather than completed conditions.
Financing reported before top-out
The top-out followed a previously announced $67 million construction loan from S3 Capital. S3 Capital publicly described the financing as a construction loan for the 21-story tower, while South Florida Agent Magazine reported the same loan amount and identified Bayshore Grove Capital as the borrower-side developer in January 2026.
Financing is not a substitute for a delivery date, pricing, availability, or the terms of a purchase contract. Those items can change and should be reviewed in the applicable offering materials when available.
What to watch next
The next public milestones to watch are exterior completion, construction updates from the project team, any stated occupancy or closing notices, and the final offering documents. Florida YIMBY’s Q3 2027 timing is best read as the current reported target rather than a promise.
For a building profile with the currently published project overview, visit Tula Residences in North Bay Village. Buyers comparing nearby waterfront plans can also review Pagani Residences and our earlier Tula and Pagani Residences comparison, which covers a different topic and was published before this construction update.
Sources
Frequently Asked Questions
Has Tula Residences topped out?
Yes. Florida YIMBY reported on October 5, 2026 that construction had topped out at Tula Residences at 7918 West Drive in North Bay Village.
Where is Tula Residences located?
The official project website lists Tula Residences at 7918 West Drive, North Bay Village, FL 33141.
How many residences are planned at Tula?
The official website describes 54 total residences, including six penthouses.
When is Tula Residences expected to be completed?
Florida YIMBY reported that completion is anticipated in the third quarter of 2027. This is a reported target rather than a guaranteed delivery date.
Who financed construction at Tula Residences?
S3 Capital announced a $67 million construction loan for Tula Residences. South Florida Agent Magazine independently reported the same financing amount in January 2026.