Brickell, Miami, October 1, 2025
News Summary
Developers secured $513 million in construction financing to build One Brickell Riverfront at 99 SW 7th St. in Miami’s Brickell neighborhood. The package includes $370 million in senior construction financing from a private lender and a $143 million mezzanine loan from 3650 Capital. Led by Newgard Group with Two Roads Development, the project is designed by Arquitectonica and built by G.T. McDonald. The master plan delivers roughly 784 residences across towers atop a shared podium, extensive amenities including a private marina and large pool decks, ground-floor retail and office space, and about 919 parking spaces. Construction is underway with delivery targeted in the coming years.
One Brickell Riverfront Lands $513 Million Construction Loan; Towers Rise in Brickell
Developers have secured $513 million in construction financing to build One Brickell Riverfront, a major mixed-use residential project at 99 SW 7th St. in Miami’s Brickell neighborhood. The project is already under construction and is scheduled for completion in August 2027.
Key financing and development details
The total package includes $370 million in senior construction financing from a private lender and a $143 million mezzanine loan provided by 3650 Capital. The development is led by Newgard Group in partnership with Two Roads Development, with architecture by Arquitectonica and construction by G.T. McDonald.
Project scope and layout
The master plan covers a large mixed-use footprint, reported variously as roughly 1.16 million square feet and in broader material as about 2 million square feet with an estimated value near $1.5 billion. The plan includes multiple towers rising atop a shared podium; reporting describes either two primary condo towers or a three-tower master plan. The development will deliver a combined 784 residences offering studio, one- and two-bedroom floorplans.
Tower program and unit details
The first tower in the plan, LOFTY Brickell, contains 362 residences and is reported to rise about 540 feet. A second tower is reported at roughly 530 feet, with total tower heights and story counts reported between 43 and 46 stories depending on the source. Together the towers will be mixed-use with ground-floor retail and amenity spaces.
Amenities, finishes and parking
LOFTY Brickell will include an extensive amenity package—about 40,000 square feet—with features such as a resort-style pool deck, a private marina, a members-only social club, fitness and spa facilities, indoor cigar lounge, and large co-working and meeting spaces. Residences in LOFTY are to be furnished through a recognized interior program. The second tower, The Standard Residences Brickell, is planned with rooftop pools, saunas, a gym, a bowling alley and spa amenities.
The scheme also proposes about 919 parking spaces, approximately 13,170 square feet of office space, and ground-floor retail. Exterior materials listed in project materials include metal window walls with grey-tinted glass, glass balcony railings, white concrete slabs and perforated metal paneling.
Approval, design goals and site context
The development team has pursued planning waivers related to parking, building separation and frontage setbacks, citing practical constraints and sustainability goals. The master plan is guided by urban design principles that favor infill, mixed use, pedestrian activation and proximity to transit. The site sits just south of the Miami River and adjacent to a major mixed-use center, putting it within a highly developed part of Brickell and within walking distance of transit and retail nodes.
Sales and market context
Cervera Real Estate is the exclusive sales and marketing partner. Sales for LOFTY Brickell have been strong, with most residences reportedly sold and price points for some units in a higher tier reaching multi-million-dollar levels. At the same time, the broader Miami condo market has shown shifts—higher-end sales rising year over year in some price bands while median condo prices show small variations—indicating a dynamic market for new luxury supply.
Construction and timeline
Construction is underway with G.T. McDonald as general contractor. The project aims for delivery in August 2027. Given the scale of the financing, the development ranks among the largest residential construction loans secured in South Florida for the year.
What to watch next
Key items to monitor include local approvals tied to requested waivers, construction milestones on the shared podium and tower cores, final amenity build-outs, parking configuration, and how closely market absorption matches the planned delivery schedule in 2027.
Frequently Asked Questions
Q: How much construction financing was secured for One Brickell Riverfront?
A: The development secured $513 million in construction financing: $370 million in senior financing from a private lender and a $143 million mezzanine loan from 3650 Capital.
Q: Who is developing and building the project?
A: The project is led by Newgard Group in partnership with Two Roads Development. Arquitectonica is the architect and G.T. McDonald is the general contractor.
Q: Where is the project located and when will it be completed?
A: One Brickell Riverfront is at 99 SW Seventh Street in Brickell, Miami, south of the Miami River. Construction is underway with a planned completion in August 2027.
Q: How many units and towers are planned?
A: The plan totals 784 residences across the master plan. Reporting describes the development as multiple towers—one tower (LOFTY Brickell) has 362 units—while overall materials reference two towers atop a shared podium or a three-tower master plan.
Q: What amenities and program elements are included?
A: Amenities include large pool decks, fitness and spa facilities, a private marina, members-only social club, co-working spaces, and retail and office components. Parking, office space and retail are also part of the program.
Q: Who is handling sales?
A: Cervera Real Estate is the exclusive sales and marketing partner for the project.
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Key features at a glance
| Feature | Details |
|---|---|
| Total Financing | $513,000,000 |
| Senior / Mezzanine | $370M senior (private lender) / $143M mezzanine (3650 Capital) |
| Developers | Newgard Group & Two Roads Development |
| Architect | Arquitectonica |
| General Contractor | G.T. McDonald |
| Location | 99 SW 7th St., Brickell, Miami (south of Miami River) |
| Units | 784 residences (studio, 1BR, 2BR) |
| Towers / Heights | LOFTY ~540 ft (362 units); second tower ~530 ft; reported 43–46 stories |
| Completion | August 2027 |
| Amenities | Private marina, pools, spa, fitness, co-working, social club |
| Sales Partner | Cervera Real Estate |
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News: Newgard, Two Roads Land $513M for Miami Condo Project
- Wikipedia: One Brickell Riverfront
- GlobeSt: Newgard and Two Roads Nab $512M in Financing
- Google Search: One Brickell Riverfront
- Florida YIMBY: Plans Fully Revealed for One Brickell Riverfront
- Google Scholar: One Brickell Riverfront
- ConnectCRE: $1.5B Brickell Condo Development Under Construction
- Encyclopedia Britannica: One Brickell Riverfront
- Boutique Hotelier USA: The Standard Residences Brickell Opening
- Google News: One Brickell Riverfront
Author: Construction FL News
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