MIAMI, FL — Newgard Group and Two Roads Development have closed on $513 million in construction financing for One Brickell Riverfront, a transformative mixed-use development rising in Miami’s financial district. The deal marks one of the largest residential construction loans in South Florida this year.
The financing package includes $370 million in senior debt from an undisclosed private lender and a $143 million mezzanine loan originated by 3650 Capital.
Located at 99 SW Seventh Street, adjacent to Brickell City Centre, the master-planned community encompasses two luxury condominium towers—LOFTY Brickell and The Standard Residences, Brickell—set atop a shared podium overlooking the Miami River.
LOFTY Brickell will rise 44 stories and feature 362 fully furnished residences, while The Standard Residences, Brickell will stand 46 stories and include 422 residences. Construction is more than halfway complete, with both towers ahead of schedule and targeting delivery months before the planned August 2027 completion date. G.T. McDonald serves as the project’s general contractor.
“This financing reinforces market confidence in the strength of our vision for One Brickell Riverfront,” said Harvey Hernandez, CEO of Newgard Group. “Together with Two Roads, we’re creating a destination that combines world-class design, unmatched amenities, and the flexibility today’s buyers demand.”
Hernandez added, “3650 Capital has been instrumental to the success of this extraordinary project, supporting us since the property’s initial acquisition. We’re thrilled to continue our partnership with a firm that has financed several of our prior developments.”
“Brickell is one of the most dynamic urban neighborhoods in the country,” said Taylor Collins, Managing Partner of Two Roads Development. “Securing this loan represents an 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 final undeveloped riverfront parcels into a vibrant, integrated residential community.
“One Brickell Riverfront will deliver two distinct luxury condominium experiences to Miami’s financial district,” said Jonathan Roth, Co-Founder and Managing Partner of 3650 Capital. “The successful closing of this transaction highlights our local expertise and ability to support sponsors from site assemblage through construction and sellout—core to our investment strategy. The sponsors’ proven track records and the project’s prime location make this a standout opportunity in Florida’s real estate market.”
Designed by Arquitectonica, LOFTY Brickell offers studios, one- and two-bedroom residences, and penthouses furnished by INC. Amenities span 40,000 square feet, featuring a private marina, resort-style pool deck, fitness center, spa, cigar lounge, and co-working spaces. The ground floor will be home to AVRA Estiatorio, the renowned New York City-based restaurant, bringing elevated Coastal Greek dining to the Miami Riverfront.
A limited number of penthouses remain available, priced between $2.4 million and $3.5 million. LOFTY’s flexible ownership model, which allows owners to rent their units on their own terms, continues to attract buyers seeking a five-star lifestyle in Miami’s urban core.
The Standard Residences, Brickell, also designed by Arquitectonica with interiors by GOOD.RICH, includes 422 residences ranging from studios to two-bedroom layouts, with prices starting in the mid-$600,000s.
Residents will enjoy a curated amenity collection featuring a rooftop pool with beverage and towel service, The Standard Club Lounge and Café, co-working areas, and a 10th-floor spa complete with a Hammam, saunas, and cold plunge. Additional offerings include a fitness center, bowling alley, pet spa, screening room, and signature dining on the ninth floor, plus a riverfront restaurant at street level. Sales are exclusively led by ONE Sotheby’s International Realty.
To address all your inquiries and Miami home needs, please get in touch with David Freed, your dedicated Luxury Real Estate Agent.
