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Oak Row Equities secures US$181 million building mortgage for brand new Miami tower

by Justin @TradesBuilt
16 March 2024
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Oak Row Equities Scores $181M for Office and Apartment Tower in Edgewater –  Commercial Observer
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US$181 million building mortgage has been secured by Oak Row Equities for a brand new mixed-use tower in Miami. The vertically built-in non-public fairness and actual property firm will put up the brand new luxurious growth at 2600 Biscayne Boulevard, Edgewater. It entails the development of a triple-A category workplace together with residential models. The event may even be awarded the Gold Licensed Nationwide Inexperienced Constructing Commonplace.

The Edgewater market presents a mess of way of life facilities resembling the luxurious eight-acre Margaret Tempo Park, in addition to stylish eating and retail choices. Furthermore, Wynwood, Midtown, and the Design District will not be too far-off. Miami Worldwide Airport, I-95, Miami Seashore, and Brickell are additionally simply accessible from Edgewater.

Additionally Learn: Developers of American Dream Miami project are asking Miami-Dade to lift ban on subsidies

Challenge Architect

Arquitectonica, a world-renowned structure agency, designed the constructing which is able to provide 399 luxurious residing models. Furthermore, there can be 187,000 sq. ft of workplace and retail house. The models embrace studio, one-, two-, and three-bedroom flats. Residents will take pleasure in high-end finishes and unbelievable views of Biscayne Bay and the Miami skyline. The tower’s workplaces can be situated on the primary eleven flooring inside a glass pyramid-like construction with a contrasting gridded facade. Workplace tenants will take pleasure in touchless entry and elevators and simply divisible ground plates. Moreover, 14’ ceilings with floor-to-ceiling glass, non-public tenant balconies, and a variety of indoor and out of doors wellness-focused facilities.

Featured Facilities on the Oak Row Equities Miami tower

The residential portion of the tower will start 135 ft above the bottom. It would provide luxurious facilities resembling a pet spa, non-public lounge, yoga studio, and top-of-the-line health heart. A wraparound Twelfth-floor amenity deck can have a lap pool, chilly plunge, scorching tub, luxurious cabanas, and BBQ grills. The tower’s forty first ground will function a coworking lounge and rooftop deck. Residents may even have EV charging stations and over 600 parking heaps at their disposal.

Additionally Learn: Expansion project on the largest hospital in Miami begins

“Our imaginative and prescient is to create a brand new future for luxurious renters and main companies searching for a handy and walkable location coupled with an unbeatable high quality of life in Edgewater. The tower’s cutting-edge design and unparalleled amenity choices will push the boundaries of what’s to be anticipated from new building mixed-use initiatives in Miami,” stated David Weitz, Managing Companion at Oak Row Equities.

Oak Row Equities Scores $181M for Office and Apartment Tower in Edgewater –  Commercial Observer

“2600 Biscayne elevates Edgewater with superior workplace house and rental residences of a top quality that at present doesn’t exist on this submarket,” stated Erik Rutter, Managing Companion of Oak Row Equities.

The Wynwood Plaza

Oak Row Equities can be creating The Wynwood Plaza, a one-million-square-foot mixed-use campus at 95 NW twenty ninth Avenue in Miami’s famed Wynwood Arts District. They’re collaborating with L&L Holding Company on this challenge which was designed by famend structure agency Gensler. Will probably be outlined by a half-acre, lushly landscaped public plaza designed by Discipline Operations. Furthermore, it is going to be the most important within the Wynwood Arts District and one of many largest in all of Miami. Three weeks in the past, the residential part was topped out and is about to be opened subsequent yr after virtually one yr of building. The Residences at The Wynwood Plaza can have a complete of 509 luxurious residential models.

Additionally Learn: Merrimac Ventures and Aria Development Group Secure $95M Construction Loan for 600 Miami Worldcenter Condo Project

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Justin @TradesBuilt

Justin @TradesBuilt

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