Breaking Ground-Oak Row Equities Unveils 2600 Biscayne in Miami’s Edgewater

Oak Row Equities, a powerhouse in private equity and real estate development, is setting new standards in Miami's real estate market. With over $1.6 billion of development already under its belt, the company has recently commenced construction on 2600 Biscayne Boulevard, a groundbreaking project destined to transform Miami's Edgewater neighborhood into a hub of luxury and modernity.

Situated in the heart of Edgewater, the 2600 Biscayne project epitomizes class and innovation. This 41-story Class AAA tower combines multifamily residential units and premium office spaces, representing a major leap in architectural excellence. Designed by the globally-renowned firm Arquitectonica, and with interiors by Vida, a Portland-based interior design firm, the building promises to be an icon of urban luxury.

The project’s construction is led by Coastal Construction Group, one of the top contractors in the Southeast. With a portfolio that ensures reliability and quality, Coastal is set to bring 2600 Biscayne’s vision to life alongside Oak Row Equities.

Derrick Adams, a celebrated artist, will enhance the visual appeal of the building with a striking public art piece. His work will adorn the tower’s facade, adding cultural depth and aesthetic value to the structure.

2600 Biscayne will feature 187,000 square feet of prime office and retail space, alongside 399 residential units ranging from studios to three-bedroom apartments. Residents will enjoy modern finishes, private outdoor spaces, and breathtaking views of Miami. The residential section starts 135 feet above ground, ensuring an exclusive and serene living experience.

Amenities will cater to every need: a pet spa, a private lounge, a state-of-the-art fitness center, and a 12th-floor amenity deck with a lap pool, cabanas, and BBQ grills. The 41st-floor will boast a coworking lounge and rooftop deck, offering one of the best views in Miami.

The commencement of construction follows the pre-leasing of 50% of the commercial space and the closure of a substantial $181M construction loan from Bank OZK. This marks one of the largest multifamily construction loans in the region for the year. The office spaces, nearly half pre-leased, will occupy the first ten floors in a distinctive pyramid-like design, featuring touchless entries, divisible floor plates, and wellness-focused amenities.

Edgewater is poised to benefit significantly from this project. The neighborhood, already known for its vibrant lifestyle and amenities like Margaret Pace Park, will see a substantial increase in its appeal with the addition of 2600 Biscayne. The development is also strategically located near a planned Northeast Corridor rail stop, enhancing connectivity.

"As we break ground on 2600 Biscayne, we are setting the foundation for what will be the highest quality asset in Miami-Dade County," said Erik Rutter, Managing Partner at Oak Row Equities. This sentiment is echoed by David Weitz, another Managing Partner at the firm, who highlighted the project's potential to redefine multifamily and office standards in South Florida.