Newgard Development Group

FAA Permits Filed For 44-Story LOFTY Brickell Tower At 99 SW 7th Street In Miami, $170 Million Construction Loan Secured

FAA building permits have been filed for LOFTY Brickell, a 44-story residential building planned for 99 Southwest 7th Street along the Miami River in Brickell, Miami. Designed by Arquitectonica with landscape architecture by Urban Robot Associates and interiors by INC for real estate developer Newgard Development Group (Newgard), the 574-foot-tall tower will ultimately contain 364 fully-finished residences in a variety of studio, one- and two-bedroom units, as well as 40,000 square feet of thoughtfully curated amenities. Newgard has also secured a loan valued at $170 million from 3650 REIT to begin construction at the site.

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Demolition Permits Issued To Make Way For 44-Story LOFTY Brickell At 99 SW 7th Street In Miami

Full demolition permits have been issued by the City of Miami for the removal of a 20,000-square-foot structure located at 99 Southwest 7th Street, at the intersection with Southwest 1st Street and South Miami Avenue in Brickell. The property, which spans just over 70,000 square feet, sits on the southern riverbank of the Miami River with over 100-feet of water frontage and will soon undergo preparations for the development of LOFTY Brickell, a 44-story residential building designed by Arquitectonica with landscape architecture by Urban Robot Associates for Newgard Development Group (Newgard). The project is planned to comprise 364 fully-finished and furnished residences with curated interiors by INC and 40,000 square feet of amenities, licensed for sharing and short-term rentals, estimated to rise 481-feet.

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New Renderings Released For LOFTY Brickell At 99 Southwest 7th Street In Brickell, Miami

New renderings have been revealed for LOFTY Brickell, a 42-story residential skyscraper scheduled to break ground later this year at 99 Southwest 7th Street along the Miami River in Brickell, Miami. Located across from Brickell City Centre, at the junction of South Miami Avenue and Southwest 7th Street, the 1.62-acre site will give rise to an estimated 481-foot-tall building designed by Arquitectonica with landscape architecture by Urban Robot Associates, yielding 364 fully-finished and furnished residences with curated interiors by INC and 40,000 square feet of amenities. Newgard Development Group is the developer, who has on-boarded Cervera Real Estate as the exclusive sales and marketing firm. Units will come in studio, one- and two-bedroom floor plans as well as penthouses, priced from $493,000 to $1.3 million, and will offer owners flexible home-sharing options. 

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YIMBY Takes An In-Depth Look At Newgard’s Planned 42-Story Lofty Brickell Along The Miami River

Just recently, Miami-based real estate developer Newgard Development Group released detailed plans for Lofty Brickell, a mixed-use high rise being planned for 99 Southwest 7th Street on prime Brickell waterfront property facing the Miami River. Located just steps from Brickell City Centre, the building is designed by internationally acclaimed architecture firm Arquitectonica with carefully curated interiors by design firm INC and landscaping by Urban Robot Associates. The development is projected to yield studio, one and two-bedroom residences ranging between 436 to 985 square feet priced from $490,000 to $1.3 million, with Cervera Real Estate handling sales and marketing.

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