Miami, Florida, October 2, 2025
News Summary
One Brickell Riverfront, a two-tower condominium project on the Miami River, has secured roughly $513 million in construction financing led by a Washington, D.C.–based private equity firm. The package combines about $370 million in senior loans and a $143 million mezzanine loan, enabling continued vertical construction and interior work. The development on a 1.6-acre L-shaped site will deliver a 46-story branded tower with 422 units and a 44-story Lofty Brickell tower with 362 units, plus ground-floor retail. Sales are underway and both towers are slated for completion in August.
Major $513 Million Construction Financing Secured for One Brickell Riverfront in Miami
Key financing moves clear path for two-tower condo complex facing the Miami River; both towers expected to finish in August 2027
A roughly $513 million financing package has been arranged to support construction of the One Brickell Riverfront condominium project in Miami, executives and industry sources confirmed. The financing combines roughly $370 million in senior debt and $143 million in mezzanine financing, making it one of the largest construction loans in South Florida this year.
The senior tranche is led by a global private equity firm based in Washington, D.C., which provided approximately $310 million. Affiliates of a separate real estate capital firm contributed about $60 million in senior financing, bringing total senior debt to $370 million. A New York–based mezzanine lender supplied the $143 million subordinate loan. Representatives tied to the transaction declined to provide further comment.
The project, located at 99 Southwest Seventh Street, sits on a roughly 1.6-acre L-shaped parcel that was purchased in 2022 for $50.5 million. The development comprises two towers that share a common podium and face the Miami River, just west of a major mixed-use retail and office complex.
Construction is reported to be more than halfway complete. Both towers are slated for delivery in August 2027.
Project composition and amenities
The taller of the two structures rises 46 stories and will contain 422 condominiums; it will carry a hotel brand name as part of its positioning. The second tower, branded as Lofty Brickell, reaches 44 stories and includes 362 units. The ground floor will host a high-end Greek restaurant that expands from an established Manhattan operation.
Units in the Lofty building are being sold furnished and without rental restrictions. Sales for the branded, taller tower began in November 2024.
Development history and partnership shifts
The parcel was acquired in 2022 by a Miami-based developer that later arranged an earlier construction loan tied to the Lofty tower. As construction costs and interest rates climbed, that original developer brought on an additional partner to help manage the capital burden and advance the project to completion. A portion of the site was also sold to another developer as part of the broader capital and repositioning strategy.
The combined capital now in place replaces or supplements previous financing and is intended to carry the project through final construction, fit-out and sales ramp for both towers.
Market context and related capital activity
The financing for One Brickell Riverfront arrives amid a wider push by institutional investors into U.S. real estate and specialty lending. Several large-scale debt and equity moves this year have focused on residential, self-storage and industrial assets while steering away from office and traditional retail. Separately, major fund closes and distribution alliances tied to private market strategies signal continued interest in channelling capital into real assets and alternatives.
On the lending innovation front, municipally backed C-PACE financing continues to grow as a tool for ground-up and retrofit projects. Recent transactions have shown C-PACE can plug capital gaps and support energy- and resiliency-focused building features, and some market participants view it as a cost-effective alternative to mezzanine lending in certain situations.
What comes next for One Brickell Riverfront
With the financing package in place and construction more than half complete, the development team is focused on finishing work, leasing and sales operations, and onboarding retail partners for the podium’s street level. The timeline calls for both towers to be ready in mid‑late 2027, allowing for closing and occupancy phases to begin after final inspections and permitting are complete.
Project stakeholders say the next major public milestones will include staged closings for buyers and additional retail tenancy announcements as the completion date approaches.
FAQ
What is the total size of the financing package?
The combined financing totals approximately $513 million, consisting of roughly $370 million in senior debt and $143 million in mezzanine debt.
Who provided the senior and mezzanine loans?
A major private equity firm led the senior financing with about $310 million, with affiliates of another real estate capital provider contributing about $60 million. The mezzanine loan of about $143 million was supplied by a separate mezzanine lender.
Where is the project located and what does it include?
The site is at 99 Southwest Seventh Street in Miami, facing the Miami River and west of a large mixed-use center. The development includes two towers on a shared podium: a 46-story tower with 422 condos and a 44-story tower with 362 units. Ground-floor retail includes a high-end Greek restaurant.
When will the buildings be completed?
Both towers are expected to be completed in August 2027.
What is the construction status now?
Construction is reported to be more than halfway finished, with structural work and many core-and-shell components underway.
How did rising costs affect the project?
Higher construction costs and tighter interest-rate conditions prompted the original developer to bring on a partner and restructure parts of the capital stack to maintain momentum and protect completion timelines.
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Key Project Features
| Feature | Details |
|---|---|
| Project name | One Brickell Riverfront |
| Address | 99 Southwest Seventh Street, Miami |
| Total financing | Approximately $513 million |
| Senior debt | About $370 million (≈ $310M + $60M) |
| Mezzanine debt | Approximately $143 million |
| Tower mix | 46 stories (422 condos, branded tower) and 44 stories (362 units, Lofty Brickell) |
| Completion target | August 2027 |
| Site purchase | 1.6-acre parcel bought in 2022 for $50.5M |
| Retail/amenity highlight | Ground-floor high-end Greek restaurant; shared podium amenities |
| Construction status | More than halfway complete |
Deeper Dive: News & Info About This Topic
Additional Resources
- Commercial Observer: One Brickell Riverfront financing
- Wikipedia: Brickell, Miami
- Multi-Housing News: Record C-PACE financing for Miami condos
- Google Search: C-PACE Miami condos
- CommercialSearch: Carlyle raises $9B opportunistic real estate fund
- Google Scholar: Opportunistic real estate fund Carlyle 2025
- Funds Society: Carlyle and Becon IM strategic distribution alliance
- Encyclopedia Britannica: private equity distribution
- Cointelegraph via TradingView: US real estate asset manager launches $100M tokenized fund
- Google News: tokenized real estate fund institutional backing
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