Brickell, Miami, September 21, 2025
News Summary
A development partnership closed a $220 million construction financing package for a planned 35-story, 579-unit residential tower at 1034 SW 2nd Ave in Miami’s Brickell. The package pairs roughly $180 million in C‑PACE funds with about $40 million in conventional mortgage/construction financing to support energy efficiency and resiliency upgrades, including an enhanced hurricane-resistant façade, UV-filtered water and purified air in common areas. Units will be delivered turnkey and furnished, with studio to two-bedroom layouts. Amenities emphasize luxury and wellness, including a rooftop pool, gym, treatment rooms and on-site restaurant. Construction has begun and delivery is expected in the next few years.
North Development secures $220 million to build 579‑unit Domus Brickell Center at 1034 SW 2nd Ave
North Development has closed a $220 million construction financing package for Domus Brickell Center, a planned 35‑story residential tower at 1034 Southwest Second Avenue in Miami’s Brickell neighborhood. The package includes roughly $180 million in C‑PACE financing and about $40 million in mortgage and construction debt.
What the financing covers and why it matters
The bulk of the capital comes through a C‑PACE structure arranged by Bayview PACE. The C‑PACE portion is intended to fund energy efficiency and resilience features across the building envelope and systems. An additional loan from a separate lender fills out the rest of the capital stack. Advisors helped arrange and structure both pieces of the financing.
Project basics and scope
Domus Brickell Center is planned as a 35‑story condominium building with 579 fully furnished residences. The project will follow Florida Green Building Coalition standards and will include building components that exceed current hurricane resiliency codes. The interior mix includes studio, one‑ and two‑bedroom units with sizes reported from around 400 to over 1,000 square feet. Unit pricing in marketing materials ranges from the low $500,000s up to roughly $1.5 million.
Amenities, interiors and systems
Residences are being marketed as turnkey investments, delivered fully finished and furnished. Individual units are slated to include hard flooring, private balconies, kitchens with premium appliances and stone countertops, modern fixtures, and in‑unit washers and dryers. One named feature of the building water system is a UV‑filtered CLEAR Water Filtration System, and common areas are planned to include purified air and UV‑filtered water.
The amenity package is extensive and includes a rooftop pool and sky deck with cabanas, a rooftop bar, hot tub, yoga deck, an indoor‑outdoor gym, garden lounge, treatment rooms and steam facilities, co‑working and conference spaces, a signature lounge, an on‑site restaurant, 24‑hour lobby services, on‑call housekeeping, and pet‑friendly features.
Design, teams and operating model
The project design is led by Studio MC+G Architecture with interior design by Urban Robot Associates. North Development is a partnership operating under a Domus brand model that focuses on hospitality and short‑term rental flexibility. The development will operate a FLATS model that supports short‑term rentals and uses a mobile app to manage check‑in, digital keys and third‑party distribution to multiple booking platforms.
Sales, timeline and market positioning
Sales launched last year, and the project reportedly has contracts on more than 30 percent of units. Marketing positions the building as a lifestyle product that aims to combine luxury and flexibility at a price point below higher‑end branded competitors in the area. The project has officially broken ground, with completion dates reported between late 2027 and early 2028 depending on sources.
Context on C‑PACE and broader pipeline
The C‑PACE financing piece is described as among the largest ground‑up C‑PACE construction loans in the region to date. C‑PACE structures are used to fund energy and resilience upgrades and have been applied across a range of property types nationwide. The developer also has a nearby Domus project and additional plans in the Brickell pipeline, including a proposed high‑rise hotel concept.
Notable parties involved (transaction roles)
- Primary C‑PACE lender and structurer for the deal.
- Additional mortgage/construction lender providing remaining financing.
- Financial advisor who arranged and structured the full financing package.
- Design architect and interior design firm responsible for the building and interiors.
- Sales and management teams handling unit sales and the operational FLATS model.
Current status
The project has broken ground and is under construction. Completion timelines vary by reporting but generally fall in a window between late 2027 and early 2028. Sales activity continues with a meaningful share of units already under contract.
Frequently Asked Questions
What is the total financing amount for Domus Brickell Center?
The total construction financing package is about $220 million, which includes roughly $180 million in C‑PACE financing and about $40 million in mortgage and construction debt.
Where is the project located?
The tower is located at 1034 Southwest Second Avenue in the Brickell neighborhood of Miami.
How many units and what types will the building have?
Domus Brickell Center will have 579 fully furnished residences, a mix of studios, one‑bedroom and two‑bedroom units ranging from about 400 to over 1,000 square feet.
When will construction finish?
Projected completion dates vary slightly by report, generally targeting a finish between late 2027 and early 2028.
What sustainability and resiliency features are planned?
The building is planned to meet Florida Green Building Coalition standards, with a façade and glazing system that exceed hurricane resiliency codes, UV‑filtered water, purified air in common areas, and other energy‑efficient systems funded in part by the C‑PACE financing.
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Key project features
| Feature | Details |
|---|---|
| Project name | Domus Brickell Center |
| Address | 1034 SW 2nd Ave, Brickell, Miami |
| Height | 35 stories |
| Units | 579 fully furnished residences |
| Unit types | Studios, 1‑bedroom, 2‑bedroom; 400 to 1,000+ sq ft |
| Financing | $220M total: approx. $180M C‑PACE + $40M mortgage/construction |
| Design | Studio MC+G Architecture; interiors by Urban Robot Associates |
| Standards | Built to Florida Green Building Coalition standards; enhanced hurricane resiliency |
| Amenities | Rooftop pool, bar, gym, yoga deck, treatment rooms, co‑working, restaurant, 24‑hour lobby services |
| Sales & model | Turnkey units marketed for short‑term rental flexibility under a FLATS hospitality model |
| Construction status | Broke ground; completion targeted late 2027 to early 2028 |
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News: North Development obtains record C‑PACE financing
- Wikipedia: Domus Brickell
- The Real Deal Miami: Dunin, Edifica land $220M financing for Domus Brickell Center
- Google Search: Domus Brickell
- South Florida Agent Magazine: North Development celebrates Domus Brickell Center groundbreaking
- Google Scholar: Domus Brickell
- ProfileMiamiRE: North Development breaks ground on 579‑unit Domus Brickell Center
- Encyclopedia Britannica: Domus Brickell
- ProfileMiamiRE: Completes foundation pour at Domus Brickell Park
- Google News: Domus Brickell
Author: Construction CA News
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