Oak Row Equities Embarks on Luxury Miami Property
The 41-story building, featuring a mix of apartments, office and retail space, is located int the rapidly maturing Edgewater neighborhood.
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.
The residences will rival new condo construction homes, according to Oak Row Equities. An elaborate mural will be displayed on the western portion of the facade visible from multiple neighborhoods.
“We believe by breaking ground today we will deliver into a supply-constrained market and be well-positioned as the highest quality asset in Miami-Dade County,” Erik Rutter, managing partner at Oak Row Equities, said in prepared remarks.
The offices will be located on the first 10 floors within a sculptural pyramid-like structure.
Coastal Construction Group is the general contractor and construction is slated for completion in 2026.
Oak Row Equities has more than $1.6 billion of development underway across four million square feet of Class-AAA real estate.