Oak Row, OKO Group Close Historic $520M Waterfront Land Deal in Brickell
Oak Row Equities, OKO Group, and Mariposa Real Estate have closed a record-setting $520 million waterfront land acquisition in Miami’s Brickell neighborhood, marking the largest land deal in Florida history and underscoring Miami’s ongoing urban transformation.
Miami’s Most Significant Land Transaction to Date
The 4.25-acre assemblage at 1001 and 1111 Brickell Bay Drive — the last remaining site of this scale along Biscayne Bay — is now officially under new ownership. This strategic location offers 485 feet of uninterrupted bay frontage and is positioned in Miami’s thriving financial and luxury residential market.
TYKO Capital provided a $464.5 million acquisition and predevelopment loan to support the purchase, reinforcing confidence from institutional lenders in Miami’s real estate market.
A Strategic Partnership: Oak Row, OKO Group & Mariposa
This venture pairs Miami’s own OKO Group, led by international developer Vlad Doronin, with New York-Miami developer Oak Row Equities and Mariposa Real Estate. The collaboration brings together deep design, development, and financing expertise to tackle one of the most high-profile sites in South Florida.
Oak Row’s managing partners highlighted the historic nature of the closing and the vision to turn the site into a globally coveted destination that blends luxury living, hospitality, and lifestyle.
What’s Planned for Brickell Bay Drive
The zoning for the site allows over three million square feet of development, including multiple towers with heights up to 1,049 feet. The first phase of redevelopment is slated to include:
- A luxury hotel concept
- Branded condominium residences
- Mixed-use components that cater to global buyers and visitors
“This landmark acquisition represents a pivotal moment for Miami and reinforces OKO Group’s long-term commitment to elevating the city’s global profile. Brickell’s final remaining waterfront site of this scale provides a rare opportunity to create an iconic mixed-use development that will set a new benchmark for design, wellness, and luxury hospitality in the United States.”
— Vlad Doronin, Founder and CEO, OKO Group
Why This Deal Matters for Miami Real Estate
This transaction not only sets new price and scale records for Miami land acquisitions but also signals continued institutional confidence in the Brickell and Greater Miami markets. It stands as a key benchmark for future waterfront development and underscores Miami’s competitiveness on the global real estate stage.
Investors, developers, and luxury market watchers will be watching closely as plans for this once-in-a-generation site begin to unfold.
