Newgard Group and Two Roads Development have secured $513 million in construction financing for One Brickell Riverfront, a mixed-use condominium development underway along the Miami River in the Brickell Financial District. The financing package, one of South Florida’s largest residential construction loans of the year, was structured with $370 million in senior financing from an undisclosed private lender and a $143 million mezzanine loan originated by 3650 Capital.
Located at 99 Southwest Seventh Street adjacent to Brickell City Centre, One Brickell Riverfront is a master-planned development featuring two condominium towers—LOFTY Brickell and The Standard Residences, Brickell—rising from a shared podium. Designed by Arquitectonica, LOFTY Brickell will stand 44 stories with 362 residences, while The Standard Residences, Brickell will rise 46 stories and contain 422 residences. G.T. McDonald serves as the general contractor.
Construction photo of One Brickell Riverfront. Credit: Newgard Group.
Construction is now more than halfway complete, and both towers are expected to deliver months ahead of their previously scheduled August 2027 completion.
“This financing reinforces the market’s confidence in the strength of our vision for One Brickell Riverfront,” said Harvey Hernandez, CEO of Newgard Group. “Together with Two Roads, we are creating a destination that combines world-class design, unmatched amenities, and the flexibility today’s buyers demand.”
Hernandez continued, “3650 Capital has been instrumental to the success of this extraordinary project, having supported us since the initial acquisition of the property. We are thrilled to continue to grow our relationship with the firm, who has helped finance several of our new condominium developments in the past.”
“Brickell is one of the most dynamic urban neighborhoods in the country, and this project reflects our shared commitment to delivering best-in-class residential experiences,” said Taylor Collins, Managing Partner of Two Roads Development. “Securing this loan is another important milestone as we move quickly toward topping off early next year.”
Newgard and Two Roads formed a strategic partnership in November 2024 to transform one of Brickell’s last undeveloped riverfront parcels into a cohesive, mixed-use destination.
“One Brickell Riverfront is poised to bring highly desirable luxury condominiums with two distinct concepts to Miami’s financial district,” said Jonathan Roth, Co-Founder and Managing Partner of 3650 Capital. “The successful closing of this transaction speaks to 3650’s local market expertise, special servicing function and ability to help our borrowers from site assemblage through construction and sellout—core tenets of our capabilities that enable us to generate strong investor returns. The sponsors have robust track records of developing high-end residential projects, and we’re pleased to have helped them navigate the complexities of the project, which we believe is situated in one of the most attractive locations in all of Florida.”
LOFTY Brickell features studios and one- and two-bedroom residences and penthouses furnished by INC. The building will include over 40,000 square feet of amenities such as a private marina, resort-style pool deck, fitness center, spa, cigar lounge, and co-working spaces. AVRA Estiatorio, a renowned New York City-based restaurant, will occupy the ground floor, offering a coastal Greek dining experience overlooking the river. A limited number of penthouses remain for sale, priced between $2.4 million and $3.5 million.
The tower’s flexible ownership model—allowing owners to rent out their residences on their own terms—has contributed to its strong market appeal among buyers seeking a turnkey, five-star lifestyle in Miami’s urban core.
The Standard Residences, Brickell, also designed by Arquitectonica with interiors by GOOD.RICH, will feature studios, one- and two-bedroom layouts starting in the mid-$600,000s. Amenities include a rooftop pool with beverage and towel service, The Standard Club Lounge and Café, co-working spaces, and a 10th-floor spa with Hammam, saunas, and cold plunge. Additional offerings include a fitness center, bowling alley and lounge, pet spa, and screening room, as well as signature dining on the ninth floor and a riverfront restaurant at street level. Sales are being handled by ONE Sotheby’s International Realty.
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Beautiful architecture…💎💎💎
LOVE this; G.T. McDonald gets it done…again.