A new transit-oriented residential tower has been announced for downtown Miami, featuring a “spectacular” design.
Named First & Fifth, the 700,000-square-foot tower is being developed by Oak Row Equities and will be situated across from Brightline’s MiamiCentral on a site boasting a perfect transit score of 100.
Designed by architect ODP, the 45-story tower will pay homage to Miami’s turn-of-the-century Venetian architecture and draw inspiration from the Doge Palace in Venice. The development will also preserve a historic 1925 structure on the site.
The tower will offer 500 luxury apartments with extensive amenities, though rent prices have not yet been disclosed.
Oak Row Equities acquired the site for $38.5 million through an off-market deal, with seller financing supported by existing income. Colliers Executive Managing Director Mika Mattingly, Senior Associate Cecilia Estevez of the South Florida Urban Core Team, and Vincent Pastore of Pastore and Associates represented the seller in the transaction.
Other developments by Oak Row Equities include The Oasis, Wynwood Plaza, 2600 Biscayne Boulevard, and 2900 Terrace.
Please contact David Freed, Luxury Real Estate Agent, for all of your Miami home needs and questions.
