MIAMI—A wave of developers are building condos and multifamily in East Edgewater—and Related Group is keepings its making sure it makes its mark on the district with One Paraiso. The new development is a waterfront site that sits between the Design District and Downtown Miami.

Related grabbed five bayfront acres in East Edgewater for its latest projects. The master plan starts with Paraiso Bay. Next month, One Paraiso will launch. Altogether, Related will build four towers in what it calls an “urbanist's paradise of equal parts luxury and lifestyle.”

“Each member of the design team we've assembled believes that the sum of the individual elements will add up to a single, spectacular whole,” says Carlos Rosso, president of Related condominium division. “Our plan is to transform this five-acre gem of a property into the epicenter of Edgewater where everyone wants to be, next to the Design District and Midtown.”