Oak Row Equities secures US$181 million construction loan for new Miami tower

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US$181 million construction loan has been secured by Oak Row Equities for a new mixed-use tower in Miami. The vertically integrated private equity and real estate company will put up the new luxury development at 2600 Biscayne Boulevard, Edgewater. It involves the construction of a triple-A class office along with residential units. The development will also be awarded the Gold Certified National Green Building Standard.

The Edgewater market offers a multitude of lifestyle amenities such as the lush eight-acre Margaret Pace Park, as well as chic dining and retail options. Moreover, Wynwood, Midtown, and the Design District are not too far away. Miami International Airport, I-95, Miami Beach, and Brickell are also easily accessible from Edgewater.

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Project Architect

Arquitectonica, a world-renowned architecture firm, designed the building which will offer 399 luxurious living units. Moreover, there will be 187,000 square feet of office and retail space. The units include studio, one-, two-, and three-bedroom apartments. Residents will enjoy high-end finishes and incredible views of Biscayne Bay and the Miami skyline. The tower’s offices will be located on the first eleven floors within a glass pyramid-like structure with a contrasting gridded facade. Office tenants will enjoy touchless entry and elevators and easily divisible floor plates. Additionally, 14’ ceilings with floor-to-ceiling glass, private tenant balconies, and a wide range of indoor and outdoor wellness-focused amenities.

Featured Amenities at the Oak Row Equities Miami tower

The residential portion of the tower will begin 135 feet above the ground. It will offer luxury amenities such as a pet spa, private lounge, yoga studio, and top-of-the-line fitness center. A wraparound 12th-floor amenity deck will have a lap pool, cold plunge, hot tub, luxurious cabanas, and BBQ grills. The tower’s 41st floor will feature a coworking lounge and rooftop deck. Residents will also have EV charging stations and over 600 parking lots at their disposal.

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“Our vision is to create a new future for luxury renters and leading businesses seeking a convenient and walkable location coupled with an unbeatable quality of life in Edgewater. The tower’s cutting-edge design and unparalleled amenity offerings will push the boundaries of what is to be expected from new construction mixed-use projects in Miami,” said David Weitz, Managing Partner at Oak Row Equities.

Oak Row Equities Scores $181M for Office and Apartment Tower in Edgewater –  Commercial Observer

“2600 Biscayne elevates Edgewater with superior office space and rental residences of a quality that currently doesn’t exist in this submarket,” said Erik Rutter, Managing Partner of Oak Row Equities.

The Wynwood Plaza

Oak Row Equities is also developing The Wynwood Plaza, a one-million-square-foot mixed-use campus at 95 NW 29th Street in Miami’s famed Wynwood Arts District. They are collaborating with L&L Holding Company on this project which was designed by renowned architecture firm Gensler. It will be defined by a half-acre, lushly landscaped public plaza designed by Field Operations. Moreover, it will be the largest in the Wynwood Arts District and one of the largest in all of Miami. Three weeks ago, the residential section was topped out and is set to be opened next year after almost one year of construction. The Residences at The Wynwood Plaza will have a total of 509 luxury residential units.

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