$220M construction loan closes for 579‑unit Brickell tower

Miami Financing Moves: $220 Million Backing for 579‑Unit Domus Brickell Center

A new 35‑story residential tower at 1034 Southwest Second Avenue in Miami’s Brickell neighborhood has secured a combined $220 million in construction financing. The package includes roughly $180 million in commercial property assessed clean energy financing (C‑PACE) and about $40 million in traditional mortgage/construction financing. Groundbreaking activity for the project has been reported, with completion estimates ranging from late 2027 to early 2028.

Why the C‑PACE piece matters

The large C‑PACE portion allows developers to add energy efficiency and resiliency measures into the building at a lower cost compared with many mezzanine loans. The financing supports plans to meet green building standards, strengthen the façade and glazing system beyond hurricane code, and install in‑building systems such as UV‑filtered water and purer air in common spaces. Industry totals show C‑PACE structures have grown into a multibillion‑dollar market and are increasingly used to fill capital gaps in project budgets.

Project basics and construction status

The development, identified as Domus Brickell Center, is planned as a 35‑story building with 579 fully furnished residences. Unit types will include studios and one‑ and two‑bedroom layouts, with sizes running from about 400 square feet up to just over 1,000 square feet. Marketing materials list prices starting in the low $500,000s and topping out near $1.5 million. Residences are being sold as turnkey units delivered finished and furnished.

Amenities, design and energy features

The project’s planned amenities are extensive and aimed at a hospitality‑style living model. Shared features include a rooftop pool, sky deck with cabanas, rooftop bar and hot tub, rooftop yoga deck, indoor‑outdoor gym, garden lounge, treatment rooms and steam room, co‑working spaces and conference facilities. Additional services listed in project materials include a 24‑hour lobby ambassador, a signature lounge, an on‑site restaurant, on‑call housekeeping and pet‑friendly accommodations.

Design responsibilities are attributed to Studio Mc+G Architecture with interior work handled by Urban Robot Associates. The building is being developed to meet Florida Green Building Coalition standards and will include a façade and glazing system designed to exceed local hurricane resiliency codes. One of the water systems called out in project descriptions is a UV‑filtered filtration setup for cleaner drinking water.

Financing and advisory details

The approximately $180 million C‑PACE tranche was structured by a Coral Gables–based C‑PACE lender. A separate lender provided about $40 million in construction mortgage financing. A capital advisory firm arranged and structured the combined package for the developer. The developer group describes the C‑PACE portion as the largest ground‑up C‑PACE construction loan in South Florida to date.

Sales, management and model

Sales for the project launched last year and have reportedly captured contracts on more than 30 percent of units since launch. Sales are being handled exclusively by a Miami brokerage team. The building will operate with a hospitality‑friendly condo model that allows short‑term rentals; a management arm tied to the developer will manage guest stays and listing operations. A dedicated mobile app is planned for check‑in, digital keys, on‑demand services and booking across multiple platforms.

Developer pipeline and related projects

This project joins a broader local pipeline that includes another Domus‑branded condo in Brickell and a proposed high‑rise hotel. The same developer previously secured construction financing for a separate 12‑story, 172‑unit Domus project nearby, which also pursued a short‑term rental‑friendly model.

Timing and outlook

Sources reporting on the development list varying completion targets: end of 2027, first quarter of 2028, or broadly calendar 2028. Construction is underway, and the financing arrangement is intended to support both the build and the installation of energy and resiliency systems that are part of the project’s specifications.

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Key Project Features