Brickell, Miami, September 21, 2025
News Summary
A development partnership closed a $220 million construction financing package for a planned 35-story, 579-unit residential tower at 1034 SW 2nd Ave in Miami’s Brickell. The package pairs roughly $180 million in C‑PACE funds with about $40 million in conventional mortgage/construction financing to support energy efficiency and resiliency upgrades, including an enhanced hurricane-resistant façade, UV-filtered water and purified air in common areas. Units will be delivered turnkey and furnished, with studio to two-bedroom layouts. Amenities emphasize luxury and wellness, including a rooftop pool, gym, treatment rooms and on-site restaurant. Construction has begun and delivery is expected in the next few years.
Miami’s Brickell Gets New 579‑Unit Tower Backed by $220M Construction Package
North Development has secured a combined $220 million in construction financing to build a new 35‑story residential tower at 1034 SW 2nd Ave in Miami’s Brickell neighborhood. The funding package pairs roughly $180 million in C‑PACE financing with about $40 million in traditional mortgage and construction loans, enabling the developer to proceed with the project now that ground has been reported to have broken.
What the financing covers and who provided it
The largest portion of the package is C‑PACE financing arranged and structured by a Coral Gables–based C‑PACE lender. This debt is intended to help pay for energy efficiency and resiliency measures built into the project. A separate $40 million mortgage/construction loan was provided by an international capital firm. An advisory firm served as the arranger and structurer for the full financing package. The developer describes this arrangement as the largest ground‑up C‑PACE construction loan in South Florida to date.
Project basics: size, units, and building features
The building, known as Domus Brickell Center, is planned as a 35‑story tower with 579 fully furnished residences. Unit types will include studios, one‑bedroom, and two‑bedroom layouts. Unit sizes are reported to start at about 400 square feet and range up to just over 1,000 square feet. Marketing materials list starting prices in the low $500,000s and top prices near $1.5 million. All residences are slated to be delivered turnkey, finished, and furnished.
Design, standards and resilience
The project is being designed to meet Florida Green Building Coalition standards. The planned building envelope will use a façade and glazing system that exceed current hurricane resiliency codes. In‑building environmental systems include a UV‑filtered water system identified in documents as a CLEAR Water Filtration System and purified air for common areas. These measures were part of the rationale for leveraging C‑PACE financing, which supports eligible energy and resilience upgrades.
Amenities and resident services
Common areas are planned to include a rooftop pool and sky deck with cabanas, rooftop bar, hot tub, rooftop yoga deck, an indoor‑outdoor gym, lush garden lounge, indoor‑outdoor treatment rooms and a steam room, co‑working spaces and a conference room. The building will also feature a 24‑hour lobby ambassador, a signature lounge, an on‑site restaurant, on‑call housekeeping, and pet‑friendly services. A management platform tied to the building’s hospitality model will offer mobile check‑in, digital keys and access to a wide range of booking channels as part of a short‑term rental friendly operating plan.
Sales, management and market positioning
Sales launched last year and are being led by an exclusive brokerage team. Since launch, the project has reportedly secured contracts on more than 30 percent of the residences. The developer positions the building as a lifestyle‑driven residence that accepts both long‑term residents and buyers seeking a short‑term rental friendly product. An in‑house management arm will operate the rental side and offer a platform that integrates booking and guest services.
Construction timing and related projects
Multiple reports indicate the project has broken ground. Estimated completion dates vary across materials, with timelines ranging from late 2027 to early 2028. The developer has other projects in the Brickell area, including a 12‑story, 172‑unit building that secured earlier construction financing and broke ground, plus a proposed high‑rise hotel in the same neighborhood that remains in planning.
Why C‑PACE was used
The C‑PACE portion of the financing is being used to fund building systems and envelope improvements that deliver long‑term energy and resilience benefits. C‑PACE is positioned by industry participants as a tool that can help close capital gaps for energy‑focused work at a cost that can be more efficient than some mezzanine debt options. The structure has seen wide use across different property types nationwide and has attracted growing institutional capital commitments.
Design and project teams
Design work is led by an architecture studio based in Miami and interiors are handled by a New York–based design firm. The development partnership includes two founding partners who lead the Domus branded projects in the city. Project advisory and financing structuring support were provided by a capital advisory firm that arranged the full construction package.
Frequently Asked Questions
What is the total construction financing for Domus Brickell Center?
The total construction financing package is approximately $220 million, composed of roughly $180 million in C‑PACE financing and about $40 million in mortgage/construction financing.
How many units and what types will the building have?
The tower will include 579 fully furnished residences, with studio, one‑bedroom, and two‑bedroom layouts. Unit sizes are reported to range from about 400 sq ft to over 1,000 sq ft.
Where is the building located and how tall will it be?
The development is located at 1034 SW 2nd Ave in Brickell and is planned as a 35‑story tower.
What resiliency and green features are planned?
The building is designed to meet Florida Green Building Coalition standards, with a façade and glazing system that exceed hurricane codes, a UV‑filtered water system, and purified air in common areas.
When will construction finish?
Reported completion windows vary. Materials list estimated delivery between late 2027 and the first quarter of 2028.
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Key Project Features
| Feature | Details |
|---|---|
| Project name | Domus Brickell Center |
| Address | 1034 SW 2nd Ave, Brickell, Miami |
| Height | 35 stories |
| Units | 579 fully furnished residences |
| Unit sizes | About 400 sq ft to over 1,000 sq ft |
| Price range | Starting in the low $500,000s up to roughly $1.5M |
| Total financing | $220 million (≈ $180M C‑PACE + $40M mortgage/construction) |
| Design teams | Architecture and interior design by specialist firms |
| Building standards | Florida Green Building Coalition standards; enhanced hurricane resilience |
| Amenities | Rooftop pool, bar, yoga deck, gym, spa treatment rooms, co‑working, restaurant, 24‑hour lobby services |
| Construction status | Ground reportedly broken; completion estimated late 2027 to early 2028 |
| Sales status | Sales launched; contracts on over 30% of units reported |
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News: North Development obtains record C‑PACE financing
- Wikipedia: Domus Brickell
- The Real Deal Miami: Dunin, Edifica land $220M financing for Domus Brickell Center
- Google Search: Domus Brickell
- South Florida Agent Magazine: North Development celebrates Domus Brickell Center groundbreaking
- Google Scholar: Domus Brickell
- ProfileMiamiRE: North Development breaks ground on 579‑unit Domus Brickell Center
- Encyclopedia Britannica: Domus Brickell
- ProfileMiamiRE: Completes foundation pour at Domus Brickell Park
- Google News: Domus Brickell
Author: Construction TX News
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