One of these two Edgewater towers is already standing and the other has not broken ground yet, and that one fact settles most of the decision. LILLI is a 117-residence, 53-story tower at 717 NE 27th Street by OKO Group, from $1.65 million per the OKO Group site, still in pre-construction after Miami's Urban Development Review Board voted in its favor on July 15, 2026, according to The Real Deal. Aria Reserve is Melo Group's twin 62-story towers at 700 NE 24th Street, 792 residences from $750,000, with the South Tower delivered and the North Tower nearing completion as of April 2026, according to Florida YIMBY. LILLI is the scarcity buy for someone who can wait. Aria Reserve is the finished, lower-entry buy for someone who cannot.
Side-by-Side Comparison
| Category | LILLI Edgewater | Aria Reserve Miami |
|---|---|---|
| Address | 717 NE 27th St, Edgewater | 700 NE 24th St, Edgewater |
| Setting | Direct Biscayne Bay | Direct Biscayne Bay |
| Developer | OKO Group (Vlad Doronin) | Melo Group |
| Architect | Adrian Smith + Gordon Gill | Arquitectonica |
| Structure | Single tower, 53 stories, 636 ft | Twin towers, 62 stories each |
| Total Units | 117 residences | 792 residences (396 per tower) |
| Unit Types | 1 to 4 bedrooms + penthouses | 1 to 4 bedrooms + penthouses |
| Price From | $1,650,000 | $750,000 |
| Signature | 22,000 sq ft wellness program | 2-acre waterfront recreation deck |
| Scale | Boutique | US-record twin towers |
| Construction Status | Pre-construction, city board approval July 15, 2026 | South Tower delivered, North Tower nearing completion |
LILLI figures from the OKO Group developer site, with the July 2026 approval reported by The Real Deal. Aria Reserve construction status from Florida YIMBY (April 2026), pricing from public developer and listing data. All prices and dates are developer estimates and subject to change. Last verified July 27, 2026. Contact us for current specifications.
Price and Scale
The clearest difference is entry point and density. LILLI starts at $1.65 million for 117 residences in one 53-story tower. Aria Reserve starts at $750,000 across 792 residences split 396-and-396 between two 62-story towers. That gap of nearly $900,000 at the door is a strategy gap, not a quality gap. LILLI concentrates value into a small, fixed supply on a 0.63-acre direct-bay parcel, which tends to protect resale because there are simply fewer units to compete with on the bay. Aria Reserve, at roughly $750 per square foot on its larger inventory, widens the buyer pool and supports rental flexibility. Two blocks apart on the same bayfront, they aim at almost opposite buyers: LILLI at the buyer who pays up for scarcity, Aria Reserve at the buyer who wants the lowest direct-bay entry in Edgewater.
Developer and Design
This is where the two pitches diverge most. LILLI is developed by OKO Group, the firm led by Vlad Doronin behind Missoni Baia, Una Residences, Monad Terrace, and the Aman Miami, with architecture by Adrian Smith + Gordon Gill, whose principal Adrian Smith designed the Burj Khalifa. That is a global design-pedigree story. Aria Reserve is developed by Melo Group, a family-owned Miami firm that has delivered more than 6,000 condominium units over 25-plus years, with architecture by Arquitectonica and interiors by IBI Design. That is a delivery-reliability story: in a market full of stalled launches, a developer who finishes on time is its own form of insurance. So the choice is partly philosophical. LILLI sells you a marquee design team and a fixed, boutique address; Aria Reserve sells you a record-setting structure and a developer whose track record you can already walk through in the finished South Tower.
Amenities and Signature Feature
The two buildings spend their amenity dollars on different ideas. LILLI's program is about 22,000 square feet built around four wellness pillars OKO Group calls Movement, Recovery, Nourishment, and Connection: a circuit-based fitness studio, a spa with an infrared sauna and body composition analysis, a Waterfront Garden for dining, and a rooftop for sunrise programming, with high-efficiency air filtration integrated building-wide. It reads as a private, boutique wellness floor. Aria Reserve answers with scale: a 2-acre waterfront recreation deck with a semi-Olympic pool, tennis, pickleball and basketball courts, a children's splash pad, and private marina slips on Biscayne Bay. One is a private wellness sanctuary for 117 households; the other is a resort-scale deck shared across 792. If amenity intimacy matters to you, that contrast is decisive.
Delivery and How You Buy
Aria Reserve is years further along, and that changes the mechanics of the purchase. Its South Tower is delivered, so those are standard closings: you can walk a finished unit, feel the bay breeze off the balcony, and close or rent right away. The North Tower was nearing completion as of April 2026 with delivery anticipated in the second quarter and the building on pace to top out over the summer, according to Florida YIMBY, which also reported the South Tower more than 95 percent sold and the North Tower roughly 85 percent sold. Remaining North Tower contracts still run on a staged deposit structure, roughly 10 percent at contract, more across construction milestones, with the balance at closing. LILLI is at the opposite end of the cycle. It launched sales in May 2026 and cleared its Miami Urban Development Review Board vote on July 15, 2026, a recommendation that came with conditions on shade trees and neighbor meetings and left final authority with the city planning and zoning director, according to The Real Deal. Vertical construction is still ahead, which means a longer horizon but the earliest-stage pricing on the bay. Pre-construction delivery dates and deposit schedules are developer estimates and can shift. Confirm the current contract terms before you sign either.
Who Should Pick Which
Here is how I split it by buyer. Second-home buyer who wants to move in this year: Aria Reserve, and only the South Tower, because it is the one you can close on and furnish now. Long-term holder buying for resale strength: LILLI, because 117 units on a 0.63-acre direct-bay parcel is a supply number that cannot be added to, and the design team behind it is the kind buyers still recognize a decade out. Investor who wants rental flexibility and the lowest basis: Aria Reserve at $750,000, where the larger inventory and the finished South Tower make leasing and exit far easier to model. Buyer who wants the best price on a new bayfront tower and can wait three to four years: LILLI at $1.65 million, because launch pricing on a boutique waterfront site is the cheapest that address will ever be. Buyer who needs certainty on the delivery date: Aria Reserve, since LILLI has a board recommendation, not a finished building. Both sit on direct Biscayne Bay two blocks apart, so the land is comparable; the buildings on top of it are not.
"These two sit two blocks apart on the same bayfront, but they are not the same bet. LILLI is 117 units and a Burj Khalifa architect: you are buying scarcity. Aria Reserve is a US-record twin-tower by a developer with 6,000 delivered units and a finished South Tower you can walk today: you are buying proof. I tell buyers to request both developer packages and compare unit-line views before signing either."Gerardo Gonzalez, Licensed Real Estate Agent at Compass
My Recommendation
If your priority is resale strength and you want a marquee, fixed-supply address with a single 117-unit count, LILLI is the stronger long-term hold. If your priority is getting into bayfront Edgewater at the lowest entry point, or you want to buy something finished rather than waiting through a full pre-construction build, Aria Reserve and its delivered South Tower are the practical pick. Either way, the bay-facing unit lines are the ones that hold value, and those go first. Read the full pages for each: LILLI Edgewater Miami and Aria Reserve Miami. Then contact me and I will pull the current price sheets and run a side-by-side on the specific units you are weighing.
Key Takeaways
- Entry price: LILLI starts at $1,650,000 and Aria Reserve starts at $750,000, a gap of roughly $900,000 at the door on the same Edgewater bayfront.
- Scale: LILLI is 117 residences in one 53-story, 636-foot tower on a 0.63-acre direct-bay parcel; Aria Reserve is 792 residences split 396 and 396 across twin 62-story towers.
- Developers: LILLI is developed by OKO Group, whose Miami portfolio includes Missoni Baia, Una Residences, and the Aman Miami, with Adrian Smith + Gordon Gill as architect; Aria Reserve is developed by Melo Group, a family-owned Miami firm with more than 6,000 delivered condominium units, with Arquitectonica as architect.
- Timing: Aria Reserve's South Tower is delivered and its North Tower was nearing completion as of April 2026, according to Florida YIMBY; LILLI is still pre-construction, with Miami's Urban Development Review Board voting in its favor on July 15, 2026, according to The Real Deal.
- Fit: LILLI suits the buyer paying up for fixed bayfront supply who can wait through a full build; Aria Reserve suits the buyer who wants the lowest direct-bay entry in Edgewater or a finished unit to close on now.
Quick Facts: LILLI vs Aria Reserve
| Entry price | LILLI: $1,650,000 / Aria Reserve: $750,000 |
| Residences | LILLI: 117 / Aria Reserve: 792 |
| Towers | LILLI: one 53-story tower, 636 ft / Aria Reserve: twin 62-story towers |
| Developer | LILLI: OKO Group / Aria Reserve: Melo Group |
| Architect | LILLI: Adrian Smith + Gordon Gill / Aria Reserve: Arquitectonica |
| Status, July 2026 | LILLI: pre-construction, city board approval July 15, 2026 / Aria Reserve: South Tower delivered, North Tower nearing completion |
| Best for | LILLI: scarcity and resale strength / Aria Reserve: lowest bayfront entry and a finished unit today |
Frequently Asked Questions
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