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.
Developers Secure $513 Million to Build One Brickell Riverfront; Construction Underway
A major construction loan totaling $513 million has been secured to fund One Brickell Riverfront, a large mixed-use residential project rising in Brickell at 99 SW 7th St. The project is under construction and is expected to be completed in August 2027.
Financing and project teams
The capital stack for the development includes $370 million in senior financing from a private lender and a $143 million mezzanine loan provided by 3650 Capital. The development team is led by Newgard Group in partnership with Two Roads Development. Design is by Arquitectonica and the general contractor is G.T. McDonald. Cervera Real Estate is the exclusive sales and marketing partner.
What’s being built
The site will deliver a multi-tower, mixed-use master plan on a riverfront parcel just south of the Miami River. Reporting on the project has described the plan both as two condo towers rising atop a shared podium and as part of a larger three-tower master plan. Together, the towers will supply a total of 784 residences with unit types that include studios, one-bedroom and two-bedroom floorplans.
The first tower in the plan, LOFTY Brickell, contains 362 residences and is already under construction. It is reported to rise roughly 540 feet. The adjacent residential tower — referred to in different project materials as either The Standard Residences Brickell or a second tower of similar scale — is reported at about 530–540 feet and will host the remaining residences.
Amenities, scale and uses
The development is being positioned as a large mixed-use destination in Miami’s financial district. Published program elements include ground-floor retail, roughly 13,170 square feet of office space, and about 919 parking spaces. One published figure lists the total building area at 1,160,588 square feet of mixed-use space, while master-plan materials reference an approximate 2 million square foot buildout with a projected value near $1.5 billion.
LOFTY Brickell’s amenity package is substantial, with reports of approximately 40,000 square feet of amenities. Amenities for the towers include features such as swimming pools, a private marina, members-only social club, resort-style pool decks, fitness centers, full-service spa, indoor cigar lounge, and large coworking and meeting areas. The Standard Residences Brickell is reported to include a rooftop pool, saunas, gym, bowling alley and spa. LOFTY residences are being delivered furnished by a noted interior partner, and more than 94% of LOFTY units were reported sold, with pricing ranges cited in the multimillion-dollar tier for many units.
Design, materials and urban goals
The project’s exterior palette references contemporary towers with metal window walls, grey-tinted glass, glass balcony railings, white concrete slabs, dark stucco accents and perforated metal paneling. The plan emphasizes a pedestrian-oriented urban form that aligns with earlier city guidance encouraging infill, mixed uses, compact development and transit‑adjacent densities. Designers and developers have framed requests for several zoning waivers — including reduced parking requirements and adjustments to tower spacing and setback rules — as necessary for practical reasons while promoting sustainability and energy conservation.
Regulatory & market context
The development sits near a major nearby mixed-use property and is less than a mile from other high-end residential projects slated for delivery in the same market window. Market data show continuing strength at the top end of the local condo market, with year-over-year gains in sales in the $1 million-and-up and $5 million-and-up segments, even as median condo prices have seen small recent movement. The One Brickell Riverfront financing is among the largest residential construction loans arranged in South Florida so far this year.
Schedule and next steps
Construction is active on site, with the first tower under way and overall project delivery targeted for August 2027. The financing close provides the capital to continue construction and complete both the towers and shared podium program, including retail and office elements.
Frequently Asked Questions
What is One Brickell Riverfront?
One Brickell Riverfront is a mixed-use residential development at 99 SW 7th St. in Brickell, planned as a multi-tower complex with retail, office space and riverfront amenities.
How much financing was secured?
A total of $513 million in construction financing was secured, made up of $370 million in senior financing and a $143 million mezzanine loan.
Who is building and designing the project?
The developers are Newgard Group and Two Roads Development; the project architect is Arquitectonica and the general contractor is G.T. McDonald.
How many homes and what types will the development include?
The development will include 784 residences across the towers, offering studio, one-bedroom and two-bedroom layouts. The first tower, LOFTY Brickell, includes 362 units.
When will the project be completed?
Project completion is slated for August 2027.
What major amenities are planned?
Amenity offerings include pools, a private marina, social clubs, fitness centers, spa services, indoor lounges and co-working spaces, among other lifestyle features.
Where can prospective buyers get information?
Sales and marketing are handled through the project’s exclusive sales partner. Interested buyers should contact the sales team for unit availability and pricing.
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Key Project Features
| Feature | Detail |
|---|---|
| Project Name | One Brickell Riverfront |
| Address | 99 SW 7th St., Brickell, Miami |
| Total Financing | $513 million (Senior: $370M; Mezzanine: $143M) |
| Developers | Newgard Group and Two Roads Development |
| Architect | Arquitectonica |
| General Contractor | G.T. McDonald |
| Units | 784 residences (studios, 1BR, 2BR) — LOFTY Brickell: 362 units |
| Tower Heights | LOFTY Brickell ~540 ft; second tower ~530 ft (reported figures) |
| Gross Area | Reported mixed-use area ~1,160,588 sq ft; master-plan references ~2M sq ft |
| Amenities | Pools, private marina, social club, spa, fitness, coworking, rooftop amenities |
| Parking | ~919 parking spaces (proposal) |
| Completion | August 2027 |
| Sales Partner | Cervera Real Estate (exclusive) |
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 NY News
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