The Empira Group has secured $111.25 million in construction financing for THE PERRIN, a 310-unit Class A multifamily development planned for 244 Southwest 9th Street in Miami’s Brickell neighborhood. The loan was provided by Goldman Sachs, with the financing arranged by Daniel Matz, Senior Managing Director at Newmark.
The project will rise 26 stories and deliver a mix of studios, one-, two-, and three-bedroom residences, alongside 2,500 square feet of ground-floor retail space and 380 parking spaces. Amenities will include a rooftop Zen Garden and Tea Room, resort-style pool and cabanas with BBQ grills, a state-of-the-art fitness center with a dedicated yoga room, co-working and entertainment lounges, all designed to balance leisure and work in an elevated urban setting.
The Perrin. Credit: Empira Group.
Construction is scheduled to begin in summer 2025, with delivery expected in 2027. Corwil Architects is the design architect, with interiors by OTJ Architects and general contracting led by Jaxi Builders.
Credit: Empira Group.
“Securing financing for THE PERRIN signals another meaningful milestone for Empira Group on the heels of breaking ground last month on Enso, our boutique multifamily project in The Roads,” said Rafael Aregger, Head of US Investments at Empira Group. “This project symbolizes the ambition and commitment vigorously driving Empira’s vision for refined residential development in Miami. With significant undersupply of existing properties and strong continued demand in the Brickell submarket, THE PERRIN represents ideal and much needed housing anchored in convenience and connectivity within Miami’s urban core.”
Credit: Empira Group.
Daniel Matz, Senior Managing Director at Newmark, added, “THE PERRIN is a true market-making development — one of the few high-rise residential towers to break ground in Brickell in recent years. We ran a highly competitive process that drew strong interest from a wide range of lenders. Given the scale and significance of the project, we ultimately selected Goldman Sachs as our financing partner for their ability to navigate complex capital structures and execute with certainty. This marks Empira’s second major construction loan closing in 2025 — a clear testament to their momentum and growing impact on the Miami skyline.”
Credit: Empira Group.
The development is located just blocks from Brickell City Centre, within walking distance to a robust mix of dining, retail, and employment centers. Its proximity to mass transit and key highway connections ensures both accessibility and walkability, reinforcing its position as a prominent addition to Miami’s high-density urban core.
Credit: Empira Group.
Goldman Sachs’ team included Uno Wait, Andre J. Koerckel, and Andrew White, while Empira’s leadership team comprises Rafael Aregger, Branko Kuzmanovic, and Michael Marrero.
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Miami has totally lost its tropical flavor, and now looks like any Northern city anywhere.