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 Build Large Brickell Condo Project Underway at 99 SW 7th St.
$513 million in construction financing has been secured for the One Brickell Riverfront development at 99 SW Seventh Street in Brickell, Miami. The financing package includes $370 million in senior debt from a private lender and a $143 million mezzanine loan provided by 3650 Capital. Work on the project is already underway, and delivery is slated for August 2027.
What the funding will build
The project is a large mixed-use residential development in the heart of Miami’s financial district. It is being developed by a partnership between Newgard Group and Two Roads Development, with architecture by Arquitectonica and general contracting by G.T. McDonald. The development is presented as a multi-tower master plan; some materials describe two condo towers rising atop a shared podium, while other materials describe a three-tower master plan whose first tower is already called LOFTY Brickell.
Size, towers and units
Combined reporting puts the project at roughly 784 residences across the planned towers, with a total mixed-use building area reported at about 1,160,588 square feet. In one breakdown, the first tower, LOFTY Brickell, will contain 362 residences made up of studios, one-bedroom and two-bedroom floorplans and rise roughly 540 feet. Other reporting lists a second tower between 43 and 46 stories and around 530 feet. Project materials also reference a master plan of approximately 2 million square feet with a projected total value near $1.5 billion.
Amenities and finishes
LOFTY Brickell is shown with about 40,000 square feet of amenities, including a swimming pool, private marina, an exclusive members-only social club, a resort-style pool deck, modern fitness center, full-service spa, indoor cigar lounge, and expansive coworking and meeting spaces. LOFTY residences are reported to be furnished by INC. The second tower, identified as The Standard Residences Brickell in some materials, lists rooftop pool areas, saunas, gym, bowling alley and spa, with prices reportedly starting in the mid-$600,000s. LOFTY was reported as more than 94% sold with listed prices in that tower ranging from about $2.4 million to $3.5 million for available units.
Site, program elements and parking
The site sits just south of the Miami River and next to a major mixed-use complex in Brickell. Plans include a shared podium with ground-floor retail, about 13,170 square feet of office space, and parking that in one report totals 919 spaces. Exterior materials described in planning 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, waivers and urban design goals
Developers submitted a letter of intent seeking several waivers to meet local rules, including reduced parking requirements, reduced separation between towers (from 60 feet to 54 feet), reduced secondary frontage setbacks above the eighth story, and permission for vehicular access with less than 60 feet of separation. The rationale given tied the waivers to practical site constraints and claims that the changes support energy conservation and sustainability. Project guidance references local urban planning principles favoring infill, mixed uses, pedestrian-oriented streets and transit access. Urban design goals include activating the pedestrian realm, limiting vehicle-pedestrian conflicts and respecting public space character.
Timing, partners and nearby market context
LOFTY Brickell is reported as the first tower in the plan and is under construction; the overall project completion target is August 2027. The exclusive sales and marketing partner for the development is reported as Cervera Real Estate. The site is less than a mile from other high-rise residential projects in the area, and the local high-end condo market has shown strength: higher-price segments have seen year-over-year gains in recent reports even as some shorter-term median price dips were recorded. Those trends help explain continued developer interest in large downtown residential projects.
Financing significance
The combined $513 million package ranks as one of the largest residential construction financing deals in South Florida so far this year. The split between senior and mezzanine debt is common for large developments and reflects layered capital stacks used to move big projects into full construction.
Next procedural steps
The project has been scheduled for local design and development reviews as part of the normal municipal process. Further approvals and any additional design refinements or permit stages will shape final construction sequencing and timelines.
FAQ
What is the total construction financing for One Brickell Riverfront?
The project secured a total of $513 million, including $370 million in senior financing and a $143 million mezzanine loan.
Who is developing and building the project?
The development is a partnership between Newgard Group and Two Roads Development. Architecture is by Arquitectonica and general contracting is by G.T. McDonald.
Where is the project located and when will it be completed?
The site is at 99 SW Seventh Street in Brickell, Miami, south of the Miami River. Completion is slated for August 2027.
How many units and towers are planned?
Combined reporting lists 784 residences across the master plan. The first tower, LOFTY Brickell, will contain 362 units. Reporting varies on tower counts, describing either two towers atop a shared podium or a three-tower master plan.
What are the notable amenities?
Major amenities include a private marina, pool areas, fitness and spa facilities, members-only social spaces and large coworking and meeting areas. LOFTY lists about 40,000 square feet of amenity space.
Who is handling sales and marketing?
Sales and marketing are handled exclusively by Cervera Real Estate, according to project materials.
Are there any planning waivers requested?
Yes. Developers requested multiple waivers related to parking, tower separation, frontage setbacks and vehicular access, citing site constraints and sustainability goals.
{
“@context”: “https://schema.org”,
“@type”: “FAQPage”,
“mainEntity”: [
{
“@type”: “Question”,
“name”: “What is the total construction financing for One Brickell Riverfront?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “The project secured a total of $513 million, including $370 million in senior financing and a $143 million mezzanine loan.”
}
},
{
“@type”: “Question”,
“name”: “Who is developing and building the project?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “The development is a partnership between Newgard Group and Two Roads Development. Architecture is by Arquitectonica and general contracting is by G.T. McDonald.”
}
},
{
“@type”: “Question”,
“name”: “Where is the project located and when will it be completed?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “The site is at 99 SW Seventh Street in Brickell, Miami, south of the Miami River. Completion is slated for August 2027.”
}
},
{
“@type”: “Question”,
“name”: “How many units and towers are planned?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “Combined reporting lists 784 residences across the master plan. The first tower, LOFTY Brickell, will contain 362 units. Reporting varies on tower counts, describing either two towers atop a shared podium or a three-tower master plan.”
}
},
{
“@type”: “Question”,
“name”: “What are the notable amenities?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “Major amenities include a private marina, pool areas, fitness and spa facilities, members-only social spaces and large coworking and meeting areas. LOFTY lists about 40,000 square feet of amenity space.”
}
},
{
“@type”: “Question”,
“name”: “Who is handling sales and marketing?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “Sales and marketing are handled exclusively by Cervera Real Estate.”
}
},
{
“@type”: “Question”,
“name”: “Are there any planning waivers requested?”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “Yes. Developers requested multiple waivers related to parking, tower separation, frontage setbacks and vehicular access, citing site constraints and sustainability goals.”
}
}
]
}
Key Project Features
| Feature | Details |
|---|---|
| Total Construction Financing | $513 million ($370M senior + $143M mezzanine) |
| Developers | Newgard Group and Two Roads Development |
| Architect | Arquitectonica |
| General Contractor | G.T. McDonald |
| Address | 99 SW 7th St., Brickell (south of the Miami River) |
| Completion Target | August 2027 |
| Total Units | 784 residences across towers (LOFTY Brickell: 362 units) |
| Building Area | About 1,160,588 sq ft (mixed-use); master plan cited near 2 million sq ft |
| Amenities (LOFTY) | 40,000 sq ft: pool, private marina, social club, fitness, spa, co-working |
| Sales Partner | Cervera Real Estate (exclusive) |
| Parking | Proposal includes ~919 parking spaces (subject to final approval) |
| Planning Notes | Waivers requested for setbacks, parking, tower separation and vehicular access; project guided by local urban infill and mixed-use principles |
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 TX News
TEXAS STAFF WRITER The TEXAS STAFF WRITER represents the experienced team at constructiontxnews.com, your go-to source for actionable local news and information in Texas and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Texas Construction Expo, major infrastructure unveilings, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of Texas and the Texas Building Branch, plus leading businesses in construction and real estate that power the local economy such as Austin Commercial and CMiC Global. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
