Newgard Group & Two Roads Development Secure $513 Million Loan for One Brickell Riverfront

Earlier this week, Newgard Development Group and Two Roads Development announced they have closed on a $513 million construction loan for One Brickell Riverfront, a multi-tower, mixed-use project that promises to redefine how Brickell connects with the Miami River. The loan marks a major milestone for both developers and underscores growing lender confidence in Miami’s luxury residential market—even amid high construction costs and elevated interest rates.

A New Chapter for the Riverfront

One Brickell Riverfront will eventually encompass three towers totaling roughly 2 million square feet of residential, hospitality, and retail space. The development includes two highly anticipated projects already under construction — LOFTY Brickell and The Standard Residences Brickell — both designed by Arquitectonica and featuring extensive riverfront amenities.

LOFTY Brickell will rise 44 stories and include 362 luxury condo residences, complemented by more than 40,000 square feet of amenities, including a private marina, co-working lounge, and rooftop pool. The project is already over 90 percent presold.

Next door, The Standard Residences Brickell brings the boutique-hotel brand’s first residential concept to Miami’s urban core. Rising 46 stories, the tower will offer 422 fully finished residences ranging from studios to two-bedroom layouts, all infused with the brand’s signature lifestyle aesthetic. Amenities include a rooftop pool deck, wellness center, and social lounge curated by The Standard team.

Both towers are expected to be delivered by August 2027, with a third tower — by Jay Roberts’ Prosper Group — planned for a later phase.

The Miami River’s Development Boom

The One Brickell Riverfront financing is part of a much larger wave of investment transforming the Miami River corridor into one of the city’s most dynamic growth frontiers. From the Brickell Bridge heading west along the Miami River, major projects are rising that blend luxury living, hospitality, culture, and public access.

Miami Riverbridge Project

On the north bank near Downtown, the proposed Miami Riverbridge project aims to completely reimagine the existing Hyatt Regency site into a vibrant, multi-tower destination. Plans call for over 1,300 residences, a 615-room Hyatt Regency, an additional lifestyle hotel, and 100,000 square feet of retail and restaurant space.
The project also includes 500 feet of new public Riverwalk, a skybridge restaurant, and expansive waterfront plazas designed to activate the pedestrian realm. Once built, Riverbridge could serve as a visual and cultural gateway linking Downtown Miami and Brickell.

Faena Residences Miami

Among the most ambitious is Faena Residences Miami, marking the brand’s expansion from Miami Beach to the mainland. Designed by the late architect Rafael Viñoly, the twin-tower project will feature 438 residences and a 45,000-square-foot cultural center. Located near the mouth of the river and Brickell City Centre, Faena’s move further solidifies the riverfront’s growing prestige.

The River District / Flow Brickell

Further west along the river, Chetrit Group’s River District recently saw a major shake-up when Flow (founded by Adam Neumann), Canada Global, and Yellowstone Trust acquired a controlling stake in the project for roughly $106 million. The rebranded Flow on the River envisions more than 1,900 residential units across a sprawling mixed-use campus anchored by a 54-story condominium tower. The deal represents one of the largest infusions of institutional capital along the Miami River and signals that the corridor’s potential remains far from fully realized.

Riverside Wharf and Dream Hotel

Further west along the Miami River, the Riverside Wharf development aims to transform an underused stretch of the river into a world-class entertainment and hospitality destination. Plans include restaurants, retail, nightlife venues, and a Dream Hotel Miami, all surrounding a revitalized section of the public Riverwalk. Once completed, it will serve as a social anchor connecting Downtown and Brickell’s waterfronts.

A Riverfront Renaissance in Motion

The Miami River has long served as the city’s working waterway — home to cargo ships, boatyards, and marine industries. Today, it’s being rediscovered as a lifestyle asset, where developers see value in combining urban convenience with waterfront living.

From The Standard Residences and LOFTY Brickell to Faena Residences, Riverside Wharf, and Flow on the River, the common thread is a desire to reclaim the river as a vibrant, connected public space. Many of these developments will extend the Miami Riverwalk, improving pedestrian access and bringing restaurants, marinas, and cultural venues closer to the water’s edge.

This evolution mirrors what happened in other global cities—like Chicago, London, and New York—where neglected industrial riverfronts have become thriving mixed-use destinations. In Miami’s case, the transformation is happening at a staggering pace, driven by developers with both deep local roots and global brands behind them.

Confidence in Miami’s Market

Securing more than half a billion dollars in financing for One Brickell Riverfront in 2025 demonstrates strong lender confidence in Miami’s luxury and branded-residence sectors. Despite rising construction costs and higher borrowing rates, demand for well-located, lifestyle-driven waterfront product remains robust.

With LOFTY Brickell and The Standard Residences Brickell already under construction — and other riverfront megaprojects moving ahead — the Miami River is poised to become the city’s next major development corridor. By the end of this decade, it could rival Biscayne Bay as Miami’s most sought-after waterfront address.