Oak Row Equities announced the closing of one of the largest multifamily construction loans to close in South Florida this year — a $181 million loan from Bank OZK – to construct 2600 Biscayne Boulevard, a "transformative" Class AAA multifamily and office tower in the rapidly maturing Edgewater neighborhood of Miami.
The Class AAA, Gold Certified National Green Building Standard building, which comprises an entire city block and features a quintessential Miami view, has pre-leased 50% of its commercial space.
The 41-story building features 187,000 square feet of prime office and retail space and 399 luxury rental residences, ranging in size from studio to three-bedroom. The residential portion of the tower will begin 135 feet above the ground.
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