MIAMI | 1001-1111 Brickell Bay Drive | FT | FLOORS

[Urbannizer]

4.25-Acre Brickell Bay Drive Assemblage Trades for $520M, Plans Advance for Phased Hotel & Condo Development

Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida. The joint venture closed on the $520 million purchase of Aimco’s 4.25-acre waterfront parcel—located at 1001 and 1111 Brickell Bay Drive—with 485 feet of continuous Biscayne Bay frontage.

TYKO Capital is the senior lender, providing a $464.5M acquisition and predevelopment loan. Positioned in the heart of Miami’s Brickell financial district, the overall site is zoned for over three million square feet of development, allowing for multiple towers that can rise up to 1,049 feet. The assemblage, the largest and last remaining developable site of this scale in Brickell, will feature an ultra luxury destination that redefines the future of holistic living and leisure. The first phase of development will feature a hotel and branded condominiums.