Oak Row Equities and Mariposa Real Estate Acquire Prime Waterfront Property in Brickell for $520 Million

In a landmark transaction set to redefine South Florida’s real estate landscape, Oak Row Equities and Mariposa Real Estate have finalized an agreement to acquire Aimco’s coveted 4.25-acre waterfront property at 1001 and 1111 Brickell Bay Drive. Valued at $520 million, this acquisition marks the largest single land purchase in South Florida history and is scheduled to close in the fourth quarter of 2025.

This prime site, boasting 485 feet of uninterrupted Biscayne Bay frontage, is zoned for over three million square feet of development. It is ideally suited for the construction of ultra-luxury condominiums, poised to meet the increasing demand for high-end residences in Miami’s thriving Brickell neighborhood.

“The Brickell Bay Drive assemblage presents a once-in-a-lifetime opportunity to build a transformative project in the most exciting submarket in the City of Miami,” stated Erik Rutter, Managing Partner at Oak Row Equities. “A perfect blend of zoning, site geometry, bay frontage, and location combine to create a truly irreplaceable piece of real estate. We are thrilled to be at the helm of such an important project.”

The flexible zoning of the site permits the construction of multiple towers reaching heights of up to 1,049 feet, making it a one-of-a-kind development opportunity. Oak Row Equities aims to leverage this potential by creating a landmark project that not only redefines Miami’s iconic skyline but also sets new standards for urban luxury.

“Waterfront property of this caliber, size, and scale demands the best in design, and we intend to collaborate with world-class talent to bring our vision to life,” said David Weitz, Managing Partner at Oak Row Equities. “Each one of our projects to date has helped elevate and transform their respective submarkets. With this opportunity, we will bring our unique blend of placemaking and design to the Brickell Bay Drive assemblage and deliver an unmatched product to meet the growing sophistication of the Miami market.”

Mariposa Real Estate, known for its expertise in luxury developments, has partnered with Oak Row Equities on this transformative endeavor. Together, the two firms share a commitment to delivering a groundbreaking product that epitomizes luxury living.

“We are excited to be partners with Oak Row Equities on this amazing opportunity,” said Sam Franklin of Mariposa Real Estate. “We share a vision for delivering best-in-class product and believe there is no better site in Miami to do so.”

As Miami continues to cement its reputation as a global luxury hub, the development at 1001 and 1111 Brickell Bay Drive promises to be a game-changer. With unparalleled bayfront access, the project is set to attract discerning buyers seeking exclusivity, sophistication, and world-class amenities. This historic acquisition underscores the confidence that leading developers have in Miami’s future as a premier destination for luxury real estate.

Redefining Attainable Luxury in Miami by YAKOL Capital

In a bold move to redefine urban living, YAKOL Capital is teaming up with acclaimed Japanese architect Shigeru Ban to bring an innovative “attainable” condo development to Miami-Dade County. Aptly named House, this 320-unit project aims to strike a balance between luxury and accessibility, with residences priced at approximately $1,100 per square foot. The smallest units will start in the low $300,000s, making this project an attractive opportunity for first-time buyers, investors, and those seeking high-quality living spaces at competitive prices.

Construction for House is set to begin in 2026, and the development offers a significant incentive for international investors. Through the EB-5 visa program, investors can secure a pathway to U.S. residency while supporting a transformative project in a burgeoning market.

House’s strategic focus goes beyond just real estate. By prioritizing sustainability and well-being, the development is set to feature a “biophilic” design that fosters a deep connection between residents and nature. This design philosophy aligns seamlessly with Shigeru Ban’s reputation for creating structures that harmonize with the environment.

House’s biophilic design will incorporate elements like natural light, green spaces, and sustainable materials to enhance the living experience. By embracing this approach, YAKOL Capital is not only investing in the aesthetics of the building but also in the mental and physical well-being of its future residents.

The site for House, located at 237 N.E. 54th Street, Miami, FL, 33137, spans 1.16 acres and was acquired in 2023 by Toussaint Ateliers Residences for $6.57 million. Currently occupied by a low-rise, multi-family dwelling built in 1965, the property’s redevelopment will transform it into a landmark in Miami-Dade County.

The site’s T5-O zoning designation and its position in a Qualified Opportunity Zone offer additional financial incentives for investors and developers. Google Earth renderings highlight the property’s potential to become a thriving residential hub, perfectly aligned with the neighborhood’s growth trajectory.

House is just one of YAKOL Capital’s ambitious ventures in South Florida. The developer is also planning a mixed-use project featuring 700,000 square feet of new construction, blending residences with ground-floor retail. Collaborating with Netherlands-based architectural firm MVRDV, YAKOL Capital continues to push the boundaries of innovative, community-focused design.

House is poised to redefine attainable luxury in Miami-Dade County. With its biophilic design, sustainable approach, and strategic location, it represents a forward-thinking model for urban living. Coupled with its potential to attract global investors through the EB-5 visa program, this project highlights YAKOL Capital’s commitment to creating transformative spaces that benefit both residents and the community at large.

Brickell’s Skyline Set to Evolve with New 39-Story Residential Tower

The transformation of Miami’s Brickell neighborhood continues as plans for a new 39-story residential tower move forward. Located just a block from Brickell City Centre, this development promises to bring both luxury and community enhancements to the area.

The developer, working on the site of the recently demolished Starlite Motel, has officially signed a public benefits agreement to secure the project’s approval. Recorded on December 10, the agreement paves the way for development under Miami-Dade’s Rapid Transit Zoning plan.

As part of the agreement, the developer has committed to a series of public benefits:

• $500,000 Contribution: A payment to Miami-Dade County, earmarked for repairs or upgrades to the Brickell Metrorail or Metromover stations.
• Workforce Housing: Five percent of the tower’s residential units will be income-restricted for workforce renters, addressing the need for affordable housing options in the area.
• Tree Planting Initiative: The developer will plant 40 trees at least 20 feet high either on the property or within the surrounding right-of-way, in addition to the required landscaping.
• Pedestrian Connectivity: A cross-block passage will provide pedestrian access between SW 7th Street and SW 8th Street, enhancing walkability.
• Utility Line Upgrades: Telecom wires on the property will be buried at the developer’s expense, improving the aesthetic and infrastructure.

The planned development includes:

• 517 Apartments: Offering a range of residential options to accommodate Brickell’s growing population.
• Restaurant Space: 9,700 square feet dedicated to dining establishments.
• Parking Facilities: A six-level garage with 506 parking spaces.

A construction permit for the tower was filed in August, with Suffolk Construction serving as the contractor. The estimated construction value stands at $190 million, highlighting the significant investment in the project. Chicago-based Focus is leading the development, with the world-renowned architectural firm Gensler at the helm of the design.

As approval for the project hinges on the fulfillment of public benefit commitments, the developer’s proactive approach signals a win-win for both the community and investors. This 39-story tower is set to redefine the local skyline while contributing to the enhancement of Brickell’s urban environment.

One Thousand Group Announces Major Milestone with $53 Million Land Acquisition for Tower 36 in Edgewater

One Thousand Group, a powerhouse development firm known for its transformative impact on Miami’s skyline, has just completed a pivotal land acquisition for its upcoming Tower 36 project. The firm secured a 1.6-acre site in East Edgewater for an estimated $53 million, with the deal financed by Cirrus Real Estate Partners. The land comprises three adjacent parcels located at 3601 Biscayne Blvd, 345, and 409 NE 36th Street, strategically positioned at the intersection of Miami’s Design District and the rapidly evolving Edgewater neighborhood.

This acquisition is set to pave the way for One Thousand Group’s latest vision: Tower 36, a mixed-use, lifestyle-focused development that will elevate the Edgewater area to new heights. Located near some of the most vibrant neighborhoods in Miami, including Wynwood, Midtown, and Downtown, the project will offer a seamless blend of branded residences, commercial spaces, and state-of-the-art amenities. Among its standout features will be a private members-only club, multiple fine dining options, wellness and recovery services, and a stunning rooftop helipad and heli-lounge—echoing the world-class design seen in One Thousand Group’s iconic One Thousand Museum.

“Our team is thrilled to continue contributing to the growth and evolution of Edgewater,” said Kevin Venger, co-founder of One Thousand Group. “Having been active in the area since 2005, we’ve witnessed its incredible transformation, and Tower 36 will play an integral role in this process. With its unrivaled location and connections to key areas like Miami Beach and the airport, this development is poised to redefine Edgewater as one of the most sought-after neighborhoods in Miami.”

Michael Konig, co-founder of One Thousand Group, echoed this sentiment, saying, “Tower 36 will set a new benchmark for mixed-use living in Miami. The location itself is unbeatable, with proximity to the Design District’s cultural hotspots, exceptional walkability, and access to both retail and green spaces. We believe Tower 36 will be the catalyst for even more growth in this area.”

The design of Tower 36 is being led by KPF Architects, one of the world’s most esteemed architectural firms, with Robert Whitlock and Lloyd Sigal at the helm. The project will feature sustainable design principles and cutting-edge technology, blending the latest in architectural innovation with the vibrant culture of Miami. With a focus on wellness, sustainability, and connectivity, the tower will offer not only luxurious residences but also an elevated lifestyle that seamlessly integrates work, play, and relaxation.

“The collaboration with KPF Architects allows us to push the envelope on what’s possible in Miami,” noted Louis Birdman, co-founder of One Thousand Group. “We’re committed to creating buildings that stand out for their design, technology, and sustainability, and Tower 36 will be a testament to that vision.”

As One Thousand Group continues to shape the future of Miami’s real estate landscape, Tower 36 will stand as the latest example of their commitment to creating truly extraordinary spaces.

New Residential Development to Brickell: The Perrin by Empira Group

Empira Group, a renowned real estate investment manager, has announced exciting new details about its upcoming residential development in Brickell, Miami. The 26-story tower, originally named Empire Brickell, will now be called The Perrin.

Set to break ground in early Q1 2025, this upscale development promises to elevate the Miami skyline with its sleek design and luxurious amenities. Upon completion in 2027, The Perrin will house 310 exclusive residences, ranging from efficient studios to expansive 3-bedroom units, catering to a variety of lifestyles.

Residents and guests will enjoy a host of high-end amenities designed to provide a resort-style experience. Among the standout features are:

• Rooftop Zen Garden and Tea Room: A serene space perfect for relaxation.
• Resort-style Pool with Cabanas and Grilling Stations: An ideal spot for unwinding or hosting gatherings.
• Fitness Center with Dedicated Yoga Room: State-of-the-art fitness facilities to keep residents active and healthy.
• Co-working and Entertaining Spaces: Designed with modern professionals in mind.
• 2,500 square feet of Ground Floor Retail: Adding convenience and vibrancy to the neighborhood.

Situated just a few blocks from the Brickell City Centre, residents will be within walking distance of world-class shopping, dining, and entertainment, ensuring that everything you need is at your fingertips.

With a planned opening date in 2027, The Perrin promises to be a prime address for those seeking luxury living in the heart of Miami’s thriving Brickell district.

Stay tuned for more updates as construction progresses, and keep an eye on Empira Group’s website for the latest information on this highly anticipated development.

ELLE Residences Miami: A Bold Fusion of Fashion, Design, and Lifestyle

Reviving the Deauville: A Vision for North Beach’s Future

The iconic Deauville Hotel, a cherished piece of Miami Beach history, is set to rise again—this time with a modern twist. In a presentation to a city board last week, developers Terra and the Meruelo family unveiled exciting new details and renderings for the redevelopment of the North Beach landmark. The plans promise a bold reimagining of the site, blending historic charm with innovative design.

A Glimpse at the New Deauville

Demolished in 2022, the original Deauville Hotel will be reborn alongside two new condominium towers. This ambitious project will be brought to life by an esteemed design team, including Foster + Partners, ODP, and Shulman + Associates. Together, they aim to create a development that respects the area’s heritage while elevating its modern appeal.

Breaking Boundaries with Tall Towers

One of the most striking aspects of the proposal is the developers’ request to build the new condo towers at an impressive 400 feet—double the current height limit. This bold move reflects the grand vision for the property, though it will require special permission from the city.

Reducing Density for a Better Experience

While the towers’ height may increase, the overall density of the project will be reduced. Current zoning allows for up to 977 hotel rooms and accessory uses, but the proposed changes would cap the development at 280 hotel rooms and 140 multifamily residential units. Additionally, the rebuilt hotel tower will include some residential units, and the number of hotel rooms will be significantly lower than the original.

Enhancing the Community Experience

The proposed plans go beyond just buildings; they aim to enhance the pedestrian experience and the surrounding community. Key improvements include:

• Wider Sidewalks: Designed to be more pedestrian-friendly, these sidewalks will feature retail spaces and food and beverage outlets to create an active streetscape.
• Underground Driveway: To reduce surface-level congestion and improve walkability, a buried driveway will provide a seamless solution for vehicular access.
• Landscaped Walkway: Connecting Collins Avenue to the beachwalk, this green pathway will offer residents and visitors a serene transition from city streets to the shore.

What’s Next?

The Miami Beach Planning Board is scheduled to hold a hearing on February 4 to discuss the project further. This comes after deferring a decision during their last meeting. The presentation has already sparked significant interest, with both excitement and questions about the scale and scope of the development.

The revival of the Deauville is more than just a redevelopment project; it’s a symbol of North Beach’s evolution. With a commitment to preserving the area’s character while introducing thoughtful modern elements, this new chapter for the Deauville promises to redefine luxury living and hospitality in Miami Beach.

Introducing Joule House: Wynwood’s New Vibrant Residential Community

Fisher Brothers has rebranded its highly anticipated Wynwood project, formerly known as Wynhouse Miami, as Joule House. Located at 2200 NW First Avenue, the eight-story development is poised to redefine urban living in Wynwood when it opens in Spring 2025. The project is managed by Bozzuto, the exclusive leasing and marketing agent.

A Bold Vision for Wynwood Living

Joule House will feature 308 rental residences, 26,000 square feet of ground-floor retail and paseo space, and over 23,000 square feet of amenities across three levels. Designed by the renowned Rockwell Group, the building will showcase art installations on its façade and include a public paseo that seamlessly connects retail and community spaces.

Thoughtfully Designed Residences

Residences at Joule House range from 474 to 1,405 square feet, offering studio, one-bedroom, two-bedroom, and select penthouse layouts. Crafted by ID & Design International (IDDI), the interiors boast:

• Floor-to-ceiling windows for natural light.
• GE washers and dryers for convenience.
• Smart home features for modern living.
• Neutral palettes with bold accents for a chic aesthetic.

Amenities to Elevate Every Lifestyle

The indoor and outdoor amenities at Joule House, designed by the Rockwell Group, cater to relaxation, productivity, and community engagement. Highlights include:

• Outdoor garden with unique curved landscaping.
• Custom Airstream lounge and outdoor yoga/cinema space.
• Coworking lab with communal tables, private offices, and a coffee bar.
• Fitness studio with Peloton and Precor equipment.
• Game room featuring a pool table and arcade games.
• Rooftop oasis with a heated infinity pool, jacuzzi, barbecue area, and lounge.

The House Brand Legacy

Joule House is the latest project under Fisher Brothers’ House brand, which is celebrated for its design-forward, amenity-rich residential communities. Past developments include House 39 in Murray Hill, NYC, and Station House in Washington, D.C. This project marks the brand’s expansion into key markets, bringing its signature lifestyle to Wynwood.

Joule House not only promises to be a luxurious and community-driven living space but also aims to capture the creative and energetic spirit of Wynwood. Stay tuned as this exciting development transforms the neighborhood and sets new standards for urban living.

Miami Beach Welcomes Its Tallest Tower: Five Park

Miami Beach has a new architectural crown jewel! Five Park, a 48-story luxury condominium tower standing at an impressive 519 feet, has officially taken the title of the tallest building in the city. The developers announced the tower’s receipt of its Temporary Certificate of Occupancy (TCO), signaling its readiness to welcome residents into a new era of upscale coastal living.

While Miami Beach celebrates this milestone, it’s worth noting that much taller skyscrapers grace the skyline across the causeway in the City of Miami. However, Five Park’s achievement represents a significant moment for Miami Beach, showcasing the city’s evolving architectural landscape.

Five Park offers a range of residences from one to four bedrooms, with prices starting at $1.5 million. The original plans called for 280 condominiums, each meticulously designed to exude sophistication and comfort. Complementing the residential spaces is an expansive 50,000 square feet of amenity spaces, ensuring residents enjoy a lifestyle of luxury and convenience.

A defining feature of the development is its integration with the adjacent three-acre Canopy Park, which opened in 2022. This lush green space was a crucial condition for the project’s approval, balancing urban development with community and environmental needs. Designed to enhance the outdoor lifestyle, the park has already become a beloved feature of the neighborhood.

Adding to the connectivity, the Daniel Buren-designed Canopy Bridge will soon break ground. This architectural marvel will link Canopy Park with the South of Fifth Baywalk, further enriching the area’s pedestrian-friendly appeal.

The realization of Five Park was a collaborative effort of some of the industry’s most visionary minds:

• Arquitectonica: Led the architectural design, creating a structure that’s as functional as it is iconic.
• Gabellini Sheppard: Delivered exquisite interior design, blending luxury with timeless elegance.
• Anda Andrei: Directed the design vision, ensuring cohesion and innovation throughout the project.
• David Martin (Terra) and Russell Galbut (GFO Investments): The driving forces behind the development, turning the ambitious vision into reality.
• Moss Construction: Brought the project to life with meticulous execution and timely delivery. Moss has also embarked on another prominent Terra project, the Villa Miami tower in Edgewater.

Five Park isn’t just a building—it’s a statement. From its record-breaking height to its seamless integration with nature and the community, this tower sets a new standard for Miami Beach’s skyline. With the Canopy Bridge on the horizon and the vibrant life surrounding it, Five Park is poised to redefine luxury living in Miami Beach.