PMG Locks in $413M Financing for Dual-Tower One Twenty Brickell Residences in Miami
Miami’s development momentum shows no signs of slowing down as national developer PMG secures $413 million in construction financing for One Twenty Brickell Residences, a high-profile dual-tower project planned for the heart of Brickell. The financing package, provided by an Ares Real Estate fund and Monarch Alternative Capital, will support all aspects of the development—including luxury condominiums, rental residences, retail, and structured parking.
This latest deal marks a continued collaboration between PMG and its capital partners, who previously joined forces on a financing package for a separate PMG development in Wynwood. Jones Lang LaSalle (JLL), along with PMG’s Capital Markets team, helped structure and secure the financing. PMG is targeting an early May groundbreaking, with delivery scheduled for 2028.
“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said PMG’s Andrew Warman, who helped lead the transaction.
One Twenty Brickell Residences will consist of two architecturally distinct towers designed by Sieger Suarez Architects, with interiors by Cotofana Designs. The first tower, rising 37 stories, will include 266 fully finished condos—each with a deeded office suite, a unique offering aimed at today’s work-from-anywhere buyer. The second tower, rising 41 stories, will be operated by Sentral and feature 537 rental apartments ranging from studios to three-bedrooms, all outfitted with high-end finishes, smart home tech, and custom Italkraft cabinetry.
PMG reports that the condominium tower is already over 91% sold, a sign of strong market appetite for luxury residences in this key Miami submarket. “Its swift sales success is a testament to the tremendous team at PMG Residential,” noted Dan Kaplan, Managing Partner at PMG.
The project also boasts an impressive amenity package. Residents will enjoy over 100,000 square feet of shared and exclusive offerings, including concierge service, fitness studios, co-working lounges, a juice bar, pickleball court, spa and treatment rooms, and an infinity-edge pool—catering to both social lifestyles and wellness-focused living.
Representatives from both financing firms expressed confidence in the project’s positioning. Ares’ Bryan Donohoe noted that the firm was “pleased to further build on our relationship with PMG,” while Monarch’s Joshua Acheatel said they were “excited to continue [their] relationship with a best-in-class developer.”
PMG’s legal team, along with leading attorneys from Kramer Levin, Saul Ewing, Bilzin Sumberg, and Greenberg, Trager & Herbst, managed the legal structuring of the deal.
Backed by a portfolio that includes E11EVEN® Hotel & Residences, Waldorf Astoria Hotel & Residences Miami, and 111 West 57th Street in NYC, PMG continues to solidify its reputation as a dominant force in the luxury residential market. With One Twenty Brickell Residences, the developer further affirms its commitment to forward-thinking urban development and lifestyle design in Miami’s most desirable neighborhoods.
14 ROC Converts to Contract at 20% Sold, Signaling Strong Investor Confidence in Downtown Miami
14 ROC, the sleek new luxury condominium rising in Downtown Miami’s vibrant Arts & Entertainment District, has officially reached a major milestone—passing 20% sold and converting reservations to contracts. Announced by 14th Street Miami Developers LLC, this moment marks a new chapter for the 32-story project.
Since its launch in July 2024, 14 ROC has captured the attention of savvy buyers and investors, thanks to its flexible short-term rental model, contemporary design, and unbeatable location in one of Miami’s most dynamic urban neighborhoods.
A standout in the short-term rental space, 14 ROC offers owners unmatched flexibility—allowing independent management without blackout dates or restrictions. It’s an ownership model tailor-made for modern lifestyles and today’s digital nomads, with optional professional management available for those seeking a hands-off approach.
Located at 125 NE 14th Street, 14 ROC places residents at the crossroads of culture and convenience. The development is just steps away from the Adrienne Arsht Center for the Performing Arts, the Pérez Art Museum, and the highly anticipated 33-acre Underdeck Park. As part of the Underdeck master plan, buyers will enjoy direct access to lush green spaces and a “front row seat view” of the Signature Bridge—set to be completed in tandem with the building.
Designed by renowned RSP Architects and featuring interiors by London-based March and White Design (MAWD), 14 ROC will house 283 thoughtfully designed residences—from studios to two-bedroom layouts. Each unit features open-concept designs, high ceilings, private balconies, and sweeping views of the city skyline. Prices start at $495,000, offering a rare combination of luxury and accessibility in Miami’s competitive real estate market.
The building is expected to deliver in 2027.
14 ROC brings over 25,000 square feet of amenity space to its residents across three levels. Highlights include:
A rooftop pool with panoramic views of Biscayne Bay and the Miami skyline
A stylish coworking lounge and private meeting rooms
State-of-the-art fitness and wellness facilities, including yoga studios
Entertainment options like a karaoke room, theater, and game lounge
A cutting-edge podcast studio—an amenity nod to the media-savvy generation
This curated amenity package reflects 14 ROC’s mission to foster community while embracing modern luxury and convenience.
Beyond providing luxurious homes, 14 ROC’s short-term rental model is poised to contribute meaningfully to Miami’s economic growth—boosting local business revenue and generating tax income to fund public projects and infrastructure.
As 14 ROC transitions to contract and continues to build momentum, it stands as a shining example of where Miami real estate is headed: flexible, design-forward, culturally connected, and future-ready.
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.
Eighteen Sunset Reaches Full Occupancy, Setting New Standard for Luxury Offices in Miami Beach
Eighteen Sunset, the highly anticipated boutique development in Miami Beach’s Sunset Harbour neighborhood, has officially filled all of its premium office spaces, marking a significant achievement in the local real estate market. The property, which offers 17,708 square feet of Class A+ office space, has fully leased out its office units, reflecting the growing demand for upscale work environments in Miami Beach.
Colliers, under the leadership of Vice Chair Stephen Rutchik, was instrumental in the leasing process for the property’s landlords, Deco Capital Group and RWN Real Estate Partners. On the other side of the transactions, CBRE’s Executive Vice Presidents Jeff Gordon and Barbara Black represented the tenants.
The tenants at Eighteen Sunset include a prestigious private equity firm and the luxury watchmaker Audemars Piguet. Both brands were attracted by the building’s combination of premium design, stunning waterfront views, and its location at the intersection of Miami Beach’s cultural and business hotspots.
Located at 1759 Purdy Avenue, Eighteen Sunset offers an exceptional mix of amenities, including access to Maurice Gibb Park, the Sunset Harbour Marina, and a variety of top-tier dining and retail venues. The property’s waterfront location ensures unobstructed views of the Intracoastal Waterway and Venetian Islands, providing a serene and inspiring work environment for its tenants.
With construction by Origin Construction, Eighteen Sunset is set to deliver a new model for office spaces in Miami Beach, combining luxury, functionality, and a connection to the vibrant local community. This milestone marks just the beginning for the development, as it continues to shape the future of office spaces in one of the most dynamic real estate markets in the country.
Waymo’s Robotaxi Service to Expand into Miami, Setting the Pace for the Future of Autonomous Transportation
Waymo, the autonomous driving company spun off from Google, is making major strides in the race to dominate the robotaxi industry. With a steady expansion into new markets and a track record of success, Waymo is quickly outpacing its competitors, leaving them in the dust. The company recently announced plans to bring its driverless Jaguar vehicles to Miami, marking the latest step in its ambitious roadmap for expansion.
As part of its growth strategy, Waymo plans to begin testing its robotaxi fleet in Miami next year. The vehicles will undergo trials to familiarize themselves with the streets of Florida’s largest city, ensuring they can safely navigate the bustling urban landscape. By 2026, Waymo expects to begin charging for rides, giving Miami residents access to one of the most advanced autonomous driving services available.
This announcement comes just weeks after Waymo opened up its robotaxi service to the public in Los Angeles, covering an 80-square-mile area. The Los Angeles launch is part of Waymo’s expansion beyond its core markets of Phoenix and San Francisco, further solidifying its position as the leader in the robotaxi space.
In addition to the Miami launch, Waymo is also preparing to roll out its fleet in Atlanta and Austin next year. This move comes in collaboration with Uber, allowing the two companies to combine forces and make autonomous ridesharing a reality in multiple cities across the U.S. As part of its efforts to scale, Waymo has partnered with Moove, a fleet management service, to maintain its growing fleet of vehicles in Phoenix and Miami.
Currently operating around 200 vehicles in Phoenix, Waymo’s robotaxis have proven to be reliable, completing more than 150,000 weekly trips. Despite being a subsidiary of Alphabet Inc. and still racking up significant losses, Waymo’s commitment to its mission is clear. The company recently raised $5.6 billion from Alphabet and other major investors, further fueling its expansion.
Waymo’s rapid rise is a testament to the power of long-term vision. What started as a secret Google project in 2009, known as “Chauffeur,” has evolved into the company we know today. In 2016, Waymo was spun off into its own entity, setting the stage for the launch of its autonomous taxi service. Over the years, the company has faced numerous challenges, but its continued success and market share growth show that the dream of a fully autonomous, self-driving taxi service is now becoming a reality.
While Waymo is driving forward, its competitors are facing obstacles. Cruise, the autonomous vehicle subsidiary of General Motors, is still recovering from a high-profile accident in San Francisco last year. The accident, in which a Cruise robotaxi dragged a pedestrian who had been struck by another car, led to the suspension of the company’s license to operate in California. This incident has slowed Cruise’s expansion plans, casting doubt on its ability to compete with Waymo in the near future.
Meanwhile, Tesla CEO Elon Musk continues to promise that Tesla’s “Cybercabs” will hit U.S. roads by 2026. Although Musk has made similar claims in the past, the company has yet to bring its autonomous ride-hailing service to market.
As Waymo moves ahead with its expansion into Miami and other cities, the future of autonomous vehicles looks increasingly bright. The company’s impressive safety record, growing market presence, and significant investment demonstrate that the transition to self-driving taxis is well underway. With rivals struggling to keep up, Waymo is well-positioned to remain at the forefront of the autonomous driving revolution.
Midtown Miami’s Skyline Set to Transform with Proposed 35-Story Mixed-Use Tower
Plans have just been filed for an impressive 35-story tower set to rise across from Midtown Miami. This ambitious project, designed by the renowned architectural firm Arquitectonica and developed by Cymbal DLT, brings a refreshing blend of aesthetics, practicality, and community-focused design.
The tower’s design promises to add a striking visual element to Midtown Miami’s skyline. Arquitectonica’s plan employs vertical frames arranged in a wave pattern, adding a dynamic touch that stands out from the cityscape. The architecture is both modern and sophisticated, intended to capture attention while harmonizing with the neighborhood’s vibrancy.
This project is designed under Florida’s Live Local Act, which encourages developments that offer affordable housing options. As part of this commitment, exactly 40% of the residential units will be income-restricted studio apartments, making the development accessible to a broader demographic.
The proposed tower will rise 400 feet and comprise a mix of residential, commercial, and office spaces, balancing urban living with business amenities. Key features include:
598 Residential Units – thoughtfully designed to cater to diverse needs.
18,108 Square Feet of Commercial Space – providing retail and dining opportunities.
4,547 Square Feet of Office Space – ideal for small businesses and professionals.
654 Parking Spaces – including a 30% parking waiver request to support a more sustainable and pedestrian-friendly development.
The development’s residential layout reflects thoughtful planning and versatility. Of the 598 units, 66% will be below 650 square feet, catering to those seeking smaller, more efficient living spaces. The breakdown is as follows:
Studios: 41%
1-Bedroom Units: 30%
2-Bedroom Units: 20%
3-Bedroom Units: 10%
This mix ensures a variety of options for individuals and families alike, meeting the needs of Midtown Miami’s diverse community.
The project is scheduled for a hearing before the Urban Development Review Board on November 20th, where stakeholders will have the opportunity to discuss the design and details of this promising development.
This proposed 35-story tower represents the ongoing growth and transformation of Midtown Miami. By blending stunning architectural design, affordability, and convenience, Cymbal DLT and Arquitectonica are setting a new standard for urban living. The inclusion of income-restricted units, commercial, and office spaces reflects a commitment to creating a sustainable, inclusive community that will benefit residents and visitors alike.
Breaking Ground at The Residences at 1428 Brickell- Miami’s New Solar-Powered 70-Story Tower
The Residences at 1428 Brickell officially breaks ground. This 70-story tower, designed to generate its own solar power, is touted as the first of its kind in the world, cementing Miami’s place as a forward-thinking city embracing green building practices.
At the core of the tower’s design is a pioneering 20,000-square-foot “Solar Backbone” that sets it apart. This backbone integrates photovoltaic panels directly into the building’s glass façade, harnessing renewable energy to meet a portion of the building’s electricity needs. This innovative system is projected to produce 175 megawatt-hours (MWh) of electricity annually, cutting down around 4,700 tons of CO₂ emissions and saving the equivalent of 3,000 barrels of oil each year.
The tower, upon completion, will become one of the tallest in Miami, standing at an impressive 861 feet. With construction cranes exceeding 1,000 feet, this architectural marvel will soon dominate the Brickell skyline, embodying both height and purpose-driven design.
The residential offering is as exclusive as the structure itself, featuring 195 luxury units that promise breathtaking views and top-tier finishes. Residents will enjoy 80,000 square feet of amenities, all carefully crafted to deliver a high-end lifestyle in a sustainable environment. Pricing for these coveted residences starts at $3 million, with upper-range options reaching $7 million. The tower’s collection of penthouses, promising the pinnacle of opulence, are priced between $8 million and $60 million.
The team behind this project reads like a who’s who in luxury development. Ytech leads the charge as the developer, bringing in renowned firms ACPV Architects and Arquitectonica to execute the architectural vision. General contracting duties are in the capable hands of John Moriarty & Associates, a firm known for its commitment to quality and innovation in high-rise construction.
This tower is more than a striking addition to Brickell’s skyline; it’s a statement on the future of sustainable architecture. With its trailblazing solar capabilities, this development isn’t just setting a new standard in Miami but is marking a milestone on a global scale.
Plans Move Forward for The Residences at Mandarin Oriental Miami
The Residences at Mandarin Oriental Miami, is moving one step closer to redefining luxury living on Brickell Key as new construction plans and timelines are revealed. This impressive dual-tower project, situated on the southern tip of Brickell Key, will bring together residential and hotel offerings in two connected towers, each featuring distinct attributes and state-of-the-art amenities.
Anchoring the development, the South Tower will rise to an impressive 850 feet, spanning 66 stories and offering 228 private residences. Prospective buyers will find spacious two-to-four-bedroom layouts, with units extending up to 4,700 square feet. Additionally, the South Tower includes two ultra-luxurious duplex penthouses, each exceeding 7,000 square feet. The residences are designed to cater to high-end buyers seeking expansive living spaces, modern amenities, and stunning views.
In contrast, the North Tower, set to stand 426 feet tall, will become Mandarin Oriental’s flagship hotel in North America. The tower will host 121 guest rooms, 66 private residences, and 28 hotel residences, creating a seamless blend of residential and hospitality spaces. Both towers promise nearly unobstructed, panoramic views of Miami, making the project a rare ownership opportunity on Brickell Key.
Swire Properties, a seasoned player in Miami’s real estate landscape, is at the helm of this ambitious project. Collaborating with several prominent firms, Swire Properties has enlisted Kohn Pedersen Fox Associates (KPF) for architectural design, known for creating iconic structures worldwide. Renowned Parisian designer Tristan Auer will bring his distinctive style to the interiors, combining elegance with a contemporary flair. Meanwhile, Shma, a Thailand-based firm with expertise in urban outdoor spaces, will design the landscape, ensuring harmony with Miami’s tropical environment.
Swire Properties Miami’s president, Henry Bott, has provided a clear construction timeline for the project. The existing Mandarin Oriental hotel will close its doors on May 31, 2025, to allow for demolition in the third quarter of that year. Vertical construction of the new towers is expected to commence in early 2026, setting the stage for Miami’s next premier luxury development.
In preparation, Swire Properties filed construction permits for both towers in early December 2023. Currently under review, these permits reflect significant planning progress. The new hotel will be located at 500 Brickell Key Drive, while the residential tower will be positioned at 750 Claughton Island Drive, with Moss & Associates taking on the role of general contractor.
As Miami’s skyline continues to evolve, The Residences at Mandarin Oriental promises to offer a sophisticated blend of luxury living and high-end hospitality. Designed to capture the essence of Miami’s vibrant atmosphere, this development will undoubtedly become a centerpiece of the city’s real estate offerings, reinforcing Brickell Key’s reputation as a premier destination.
Elevating Miami’s Skyline – Waldorf Astoria Hotel & Residences Tower Cranes Set to Soar Higher
The Waldorf Astoria Hotel & Residences in Downtown Miami, a remarkable 100-story skyscraper, is reaching new heights—literally and figuratively. On October 25, 2024, permits were filed with the Federal Aviation Administration (FAA) to raise the heights of two Maxim cranes currently stationed on-site. Located at 300 Biscayne Boulevard (or alternatively 249 Northeast 3rd Street), the building project initially received FAA approval for crane heights at 955 feet above ground level (966 feet above sea level). However, new permits now seek approval to extend these cranes to 1,214 and 1,225 feet (1,238 and 1,249 feet above sea level), enabling the construction team to push upward toward the tower’s ultimate planned height of 1,049 feet.
A unique collaboration of industry leaders has come together for this iconic project. PMG, Greybrook, Mohari Hospitality, S2 Development, and Hilton are the powerhouse developers behind the Waldorf Astoria Hotel & Residences, combining their expertise to deliver an unparalleled luxury experience in Downtown Miami. This ambitious project will ultimately feature 387 luxury residences and 205 hotel rooms, merging high-end living with the elegance and hospitality for which Waldorf Astoria is known.
Designed by the acclaimed Sieger Suarez Architects and renowned architect Carlos Ott, the building’s structure is defined by nine stacked and offset glass cubes. These cubes create a distinct visual profile that promises to redefine Miami’s skyline. General contractor John Moriarty & Associates is overseeing construction, while Capform Inc. is handling the turnkey concrete work. CHM Structural Engineers is serving as the structural engineer, ensuring that this monumental tower remains safe and resilient.
According to Christian Tupper, Vice President of Sales at PMG, the building’s structural shell has already made significant progress, reaching around 7 to 8 stories as of his LinkedIn update two weeks ago. This milestone brings the structure close to completing the first of its nine unique cubes, signifying a major step in the project’s upward journey. With the approval of the additional crane height, the construction team can continue their ascent, bringing the Waldorf Astoria Hotel & Residences ever closer to its final form.
A project of this scale requires substantial financial support, and the Waldorf Astoria Hotel & Residences has secured a record-breaking $668 million construction loan to fuel its progress. This financing underscores the importance of the development within Miami’s rapidly evolving real estate landscape. Upon its projected completion in 2028, the Waldorf Astoria will stand as Florida’s tallest building and the tallest residential structure south of New York, symbolizing a new era of architectural innovation and luxury living in Miami.
As construction progresses and additional permits are approved, the Waldorf Astoria Hotel & Residences will continue to capture the attention of Miami residents and architecture enthusiasts worldwide. This monumental project is not only redefining the Miami skyline but also setting new standards for luxury and mixed-use developments in South Florida.
