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US$413 Million Construction Loan Secured for One Twenty Brickell Residences Miami

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PMG is set to break ground next week on One Twenty Brickell Residences, bringing two sleek towers to Miami’s bustling Brickell district. The national developer, PMG, secured $413 million in construction financing from an Ares Real Estate fund alongside Monarch Alternative Capital. This deal marks the largest loan transaction in South Florida so far this year. It covers the condominium, multifamily, commercial, and parking components at 120 SW 8th Street. With financing in place, PMG will officially break ground in early May.

One Twenty Brickell Residences will feature a 37-story tower offering 277 condominium units and a 41-story tower with 537 rental apartments. The condominium tower will present 266 fully finished and furnished residences, each including a deeded office suite. The rental tower will offer studio through three-bedroom layouts, complete with integrated kitchens and smart home technology. Both towers share a modern podium that unites their design and amenities. PMG anticipates full completion by 2028.

Project Overview

Location: Brickell district, Miami, Florida

Developer: PMG

Architect: Sieger Suarez Architects

Number of condominium units: 277

Completion date: 2028

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The Design Team behind One Twenty Brickell Residences Miami

Renowned Sieger Suarez Architects designed the development’s striking exterior, while Cotofana Designs crafted the interiors to evoke sophistication and comfort. Each condominium unit boasts custom Italkraft cabinetry and WaterWorks fixtures for a luxury finish. Buyers will appreciate the turnkey approach: fully furnished spaces ready for immediate move-in. Plus, high ceilings and floor-to-ceiling windows flood homes with natural light. Oversubscribed sales reflect strong demand, with condominiums now 91 percent sold.

Amenities at One Twenty Brickell Residences Miami

Residents will enjoy more than 60,000 sq ft of exclusive condo amenities, from an infinity-edge pool and pickleball court to a wellness center featuring steam rooms and yoga lawns. Multifamily tower residents gain access to over 48,000 sq ft of shared amenities, including a fitness studio, pool, grilling terrace, and co-working hub. Sentral Management Platform will oversee the rental operations, ensuring seamless service and community events. Located less than a block from Brickell City Centre and Mary Brickell Village, the project puts shopping, dining, and entertainment right at residents’ doorsteps.

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