Brickell, Miami, October 1, 2025
News Summary
Developers secured $513 million in construction financing to build One Brickell Riverfront at 99 SW 7th St. in Miami’s Brickell neighborhood. The package includes $370 million in senior construction financing from a private lender and a $143 million mezzanine loan from 3650 Capital. Led by Newgard Group with Two Roads Development, the project is designed by Arquitectonica and built by G.T. McDonald. The master plan delivers roughly 784 residences across towers atop a shared podium, extensive amenities including a private marina and large pool decks, ground-floor retail and office space, and about 919 parking spaces. Construction is underway with delivery targeted in the coming years.
One Brickell Riverfront Secures $513 Million to Move Construction Forward in Brickell
One Brickell Riverfront has secured a total of $513 million in construction financing to push forward a major mixed-use residential project at 99 SW Seventh Street in Miami’s Brickell neighborhood. The financing package includes $370 million in senior debt from a private lender and a $143 million mezzanine loan from 3650 Capital. Construction is already underway and delivery is slated for August 2027.
Top-line details and players
The project is being developed by Newgard Group in partnership with Two Roads Development. Design is led by Arquitectonica and the general contractor is G.T. McDonald. Sales and marketing are handled exclusively by Cervera Real Estate.
Scope, towers and unit mix
One Brickell Riverfront is described in project materials as a multi-tower master plan with a total of 784 residences. Reporting on tower count varies: some materials describe two condominium towers rising atop a shared podium, while other planning filings and descriptions refer to a three-tower master plan. The first building to break ground, LOFTY Brickell, contains 362 residences made up of studio, one-bedroom and two-bedroom floorplans and is reported as more than 94% sold. Reported unit prices for LOFTY Brickell range from about $2.4 million to $3.5 million.
Tower heights and counts differ by source: LOFTY Brickell is reported to rise to about 540 feet, with a second tower reported around 530 feet in some filings. One set of documents lists the two principal towers as 44 and 46 stories, while other reports referenced a second tower of 43 stories. Regardless of the specific count, the towers are planned to share a podium and together make up the bulk of the residential program.
Amenities, finishes and program elements
LOFTY Brickell is planned with an extensive amenity program totaling roughly 40,000 square feet. That amenity package includes a swimming pool, resort-style pool deck, modern fitness center, full-service spa, private marina, an exclusive members-only social club, indoor cigar lounge and large co-working and meeting spaces. LOFTY units are reported to be furnished by INC. The second tower, identified as The Standard Residences Brickell in some materials, is planned to include a rooftop pool, saunas, a gym, a bowling alley and a spa, with pricing reported to start in the mid-$600,000s.
In addition to residential space, the mixed-use plan includes ground-floor retail, about 13,170 square feet of office space and parking for roughly 919 vehicles. Exterior materials described in design documents include metal window walls with grey-tinted glass, glass balcony railings, white concrete slabs, dark stucco, cast-in-place concrete, engineered wood and perforated metal paneling.
Planning, variances and urban design goals
Developers submitted a letter of intent requesting a series of waivers to allow adjustments from current transect zone standards. The waiver requests include a reduction in parking requirements, permission for vehicular access with less than 60 feet separation, reduction of tower separation from 60 feet to 54 feet, reduced secondary frontage setbacks above the eighth story to ten feet, and allowance for parking to extend into a second layer above the first story along the primary frontage. The developers argued the waivers address practical difficulties and support energy conservation and sustainability goals.
The project materials say the design is guided by local urban principles that encourage infill and mixed-use development, pedestrian-oriented streets, compact urban centers, a range of open spaces, and building densities close to transit. Urban design goals emphasize activating the pedestrian realm, limiting vehicle–pedestrian conflict and respecting public space form. A local urban review board had the project on a review calendar in February 2023 as part of permitting and approvals.
Market context and location
The site sits south of the Miami River and adjacent to an established mixed-use property that totals millions of square feet. It is also less than a mile from other major planned high-rise projects in the neighborhood, including a 397-unit residence slated for a 2027 delivery. Recent regional market reports show luxury condo sales have been firm, with gains in higher-price tiers even as median prices showed a small decline in a recent month.
Why this financing matters
With a combined senior and mezzanine package totaling $513 million, this transaction ranks among the largest residential construction financings in South Florida so far this year. The funding supports continued construction progress on a large, multi-tower development that adds hundreds of residences, substantial amenity space and retail/office elements in the heart of the city’s financial district.
Current schedule and next steps
Construction is active on site with an anticipated completion date of August 2027. Developers will continue permitting and construction milestones, and sales and closings will follow the standard phases as units are delivered.
Frequently Asked Questions
How much financing did One Brickell Riverfront secure?
The project secured a total of $513 million: $370 million in senior financing and $143 million in mezzanine financing.
Who is developing and designing the project?
The development team is Newgard Group and Two Roads Development. The designer is Arquitectonica and G.T. McDonald is the general contractor.
How many residences and towers are planned?
Project materials list a total of 784 residences across the master plan. Reporting varies between a two-tower podium model and a larger three-tower master plan. LOFTY Brickell, the first tower under construction, includes 362 units.
When is the project expected to be completed?
The project is scheduled for completion in August 2027.
What amenities does LOFTY Brickell include?
LOFTY Brickell’s amenities are extensive and include pools, a private marina, a members social club, spa, fitness center, indoor cigar lounge and large co-working and meeting areas, totaling around 40,000 square feet.
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Key project features
| Feature | Details |
|---|---|
| Total construction financing | $513 million |
| Senior financing | $370 million (private lender) |
| Mezzanine financing | $143 million (3650 Capital) |
| Developers | Newgard Group and Two Roads Development |
| Architect | Arquitectonica |
| General contractor | G.T. McDonald |
| Address | 99 SW Seventh Street, Brickell, Miami |
| Scheduled completion | August 2027 |
| Total residences | 784 units (studio, 1-bed, 2-bed) |
| LOFTY Brickell | 362 units; ~40,000 sq ft amenities; private marina; furnished by INC; >94% sold |
| Additional program | Ground-floor retail; ~13,170 sq ft office; ~919 parking spaces |
| Sales partner | Cervera Real Estate (exclusive) |
| Site context | Next to a large mixed-use property in Brickell; <1 mile from other major high-rise projects |
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News: Newgard, Two Roads Land $513M for Miami Condo Project
- Wikipedia: One Brickell Riverfront
- GlobeSt: Newgard and Two Roads Nab $512M in Financing
- Google Search: One Brickell Riverfront
- Florida YIMBY: Plans Fully Revealed for One Brickell Riverfront
- Google Scholar: One Brickell Riverfront
- ConnectCRE: $1.5B Brickell Condo Development Under Construction
- Encyclopedia Britannica: One Brickell Riverfront
- Boutique Hotelier USA: The Standard Residences Brickell Opening
- Google News: One Brickell Riverfront
Author: Construction CA News
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