Miami, Florida, October 2, 2025
News Summary
One Brickell Riverfront, a two-tower condominium project on the Miami River, has secured roughly $513 million in construction financing led by a Washington, D.C.–based private equity firm. The package combines about $370 million in senior loans and a $143 million mezzanine loan, enabling continued vertical construction and interior work. The development on a 1.6-acre L-shaped site will deliver a 46-story branded tower with 422 units and a 44-story Lofty Brickell tower with 362 units, plus ground-floor retail. Sales are underway and both towers are slated for completion in August.
One Brickell Riverfront Secures $513M Construction Financing Led by Carlyle, Two Towers Set for August 2027 Completion
One Brickell Riverfront, a two-tower condominium development on the Miami River, has secured roughly $513 million in construction financing, with a Washington, D.C.–based private equity firm leading the senior debt portion. The package combines approximately $370 million in senior loans and a $143 million mezzanine loan, marking one of South Florida’s largest construction financings this year.
Key financing and lenders
The financing stack includes about $310 million in senior financing provided by the private equity firm leading the deal and roughly $60 million in additional senior financing from affiliates of a separate real estate capital group. Mezzanine financing of $143 million was supplied by a development lender specializing in higher-risk subordinate loans. The combined figures total approximately $513 million.
Project location and scope
The project sits at 99 Southwest Seventh Street, on a 1.6-acre L-shaped site that faces the Miami River and lies just west of a major mixed-use complex in the Brickell neighborhood. The development consists of two towers that share a podium and are more than halfway through construction. Both towers are slated for completion in August 2027.
Tower details and retail
The taller of the two towers will rise 46 stories and contain 422 condominium units; it will be branded with a hotel name. The second tower, marketed as Lofty Brickell, will reach 44 stories and include 362 units. Ground-floor retail will include a high-end Greek restaurant that originated in Manhattan and is making a Miami debut at the development.
Development history and partnerships
The parcel was acquired in 2022 by the Miami-based developer now leading the project for $50.5 million. Initially, that developer secured a $170 million construction loan in 2022 for the Lofty tower. As construction costs and interest rates climbed, the original developer brought on an additional development partner and later sold a portion of the site to another local real estate group. Sales for the Standard-branded tower began in November 2024. Units in the Lofty tower are being offered furnished and without rental restrictions.
Comments and reporting
Representatives for the development did not immediately provide comment. A spokesperson for the lead senior lender declined to comment on the transaction. Reporting referenced for this financing was provided by Julia Echikson ([email protected]).
Why this financing matters
At roughly $513 million, the package highlights continuing investor appetite for large condominium projects in South Florida despite rising construction costs and higher interest rates. The mix of senior and mezzanine capital shows how developers are layering debt to bridge funding gaps as budgets expand. Industry observers characterized the loan as one of the region’s largest construction financings this year.
Related regional and firm activity
The lead private equity firm has been active across real estate and capital markets. Recent moves include a strategic distribution alliance with a regional distributor focused on Latin America and the U.S. offshore wealth market; that alliance is aimed at expanding access to semi-liquid private market vehicles through wealth management platforms, with distribution coverage that deliberately excludes certain countries and emphasizes major U.S. wealth centers. Separately, the same firm completed a final close on a U.S. opportunistic real estate fund with $9 billion of commitments, focused on residential, self-storage and industrial sectors and avoiding office, hotel and retail exposure.
In parallel financing news in Brickell, a separate 35-story rental project obtained a combined $220 million in C-PACE and mortgage construction financing to support energy-efficiency and resiliency upgrades. That deal included a roughly $180 million C-PACE package structured to enable green building features and a $40 million mortgage component.
What’s next
Construction will continue toward the developers’ target of completing both towers in August 2027. The financing structure positions the project to move forward while developers work to finish vertical construction, complete interiors, and continue condominium sales across both towers.
FAQ
How much total financing did One Brickell Riverfront secure?
The development secured about $513 million in total financing, consisting of roughly $370 million in senior debt and a $143 million mezzanine loan.
Who provided the senior and mezzanine financing?
A Washington, D.C.–based private equity firm led the senior financing with about $310 million, affiliates of another real estate capital group provided about $60 million in senior debt, and a development lender supplied the $143 million mezzanine loan.
What are the project’s key features and timeline?
The two-tower project at 99 Southwest Seventh Street includes a 46-story tower with 422 units and a 44-story tower with 362 units. Construction was reported as more than halfway complete, with both towers expected to finish in August 2027.
Will there be retail or restaurants on site?
Yes. A high-end Greek restaurant originating from Manhattan is slated to open on the ground floor of the development.
How does this financing relate to broader market trends?
The layered senior and mezzanine structure reflects strategies developers use to bridge rising costs and interest-rate pressures. Large construction loans remain available from institutional lenders, and alternative financing tools such as C-PACE are being used in other local projects to fund resiliency and efficiency upgrades.
Key Project Features
| Feature | Details |
|---|---|
| Project name | One Brickell Riverfront |
| Address | 99 Southwest Seventh Street, Miami |
| Total financing | $513 million (approx.) |
| Senior debt | About $370 million (approx.) |
| Mezzanine loan | $143 million |
| Senior lenders | Lead private equity firm (~$310M) and affiliates of a real estate capital group (~$60M) |
| Developers | Newgard Group and Two Roads Development (development partnership) |
| Towers | 46 stories (422 condos, branded tower) and 44 stories (362 units, Lofty Brickell) |
| Construction status | More than halfway complete |
| Expected completion | August 2027 |
| Ground-floor tenant | Avra Estiatorio (Greek restaurant) |
| Parcel purchase (2022) | $50.5 million |
| Sales launch (Standard tower) | November 2024 |
Deeper Dive: News & Info About This Topic
Additional Resources
- Commercial Observer: One Brickell Riverfront financing
- Wikipedia: Brickell, Miami
- Multi-Housing News: Record C-PACE financing for Miami condos
- Google Search: C-PACE Miami condos
- CommercialSearch: Carlyle raises $9B opportunistic real estate fund
- Google Scholar: Opportunistic real estate fund Carlyle 2025
- Funds Society: Carlyle and Becon IM strategic distribution alliance
- Encyclopedia Britannica: private equity distribution
- Cointelegraph via TradingView: US real estate asset manager launches $100M tokenized fund
- Google News: tokenized real estate fund institutional backing
Author: Construction FL News
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