One Brickell Riverfront Secures $513 Million in Construction Financing

One of Miami’s most anticipated residential projects, One Brickell Riverfront, has secured $513 million in construction financing, marking it as one of the largest condominium development loans in South Florida this year. The project, led by Newgard Group and Two Roads Development, features two luxury high-rise towers — LOFTY Brickell and The Standard Residences, Brickell—rising along the Miami River, with construction already months ahead of schedule.

Financing and Construction Details

The project’s financing structure includes $370 million in senior financing from a private lender and a $143 million mezzanine loan facilitated by 3650 Capital. Construction is already more than halfway complete, with both towers expected to finish months ahead of their originally projected August 2027 delivery date. G.T. McDonald serves as the general contractor for this high-profile development.

Luxury Residences and Amenities

LOFTY Brickell, a 44-story tower, offers 362 residences ranging from studios to two-bedroom units and penthouses. Designed by Arquitectonica, the building combines sleek, contemporary design with flexible ownership options, allowing residents to rent units on their own terms. LOFTY’s extensive amenities cover over 40,000 square feet and include a private marina, resort-style pool deck, fitness center, spa, cigar lounge, and co-working spaces.

According to the profilemiamire.com, LOFTY Brickell will also feature AVRA Estiatorio, a highly acclaimed NYC-based restaurant, offering a Coastal Greek dining experience with waterfront views. Available penthouses are priced between $2.4 million and $3.5 million, appealing to buyers seeking an elevated, five-star lifestyle in the heart of Brickell.

The Standard Residences, Brickell, a 46-story tower with 422 residences, offers studios, one- and two-bedroom homes starting in the mid $600,000s. Designed by Arquitectonica with interiors by GOOD.RICH, the building features multi-level amenities such as a rooftop pool with beverage and towel service, The Standard Club Lounge and Café, co-working spaces, a 10th-floor spa with hammam and saunas, a bowling alley, pet spa, screening room, and multiple dining options including a riverfront restaurant.

A Transformative Miami Riverfront Community

One Brickell Riverfront exemplifies the strong demand for luxury urban living in Miami’s financial district. The development combines world-class design, extensive amenities, and flexible ownership models, creating a destination that resonates with both local and international buyers.

The Algarin Group is keeping you informed with the latest real estate news, ensuring you stay up-to-date on Miami’s luxury condominium market.

source: profilemiamire.com