Two Roads Development Joins Harvey Hernandez for One Brickell Riverfront Project Along Miami River

November 15, 2024

In an exciting development for Miami’s skyline, Two Roads Development has partnered with Harvey Hernandez’s Newgard Development Group for the highly anticipated One Brickell Riverfront project. This transformative three-tower development along the Miami River will span 2 million square feet and is valued at $1.5 billion, according to a press release.

Two Roads Development, led by Taylor Collins and Reid Boren, has acquired a 50-50 stake in the project. Collins and Hernandez, who have shared a 15-year friendship, saw this partnership as the perfect synergy.

“We’ve looked at a lot of deals together; he’s been working on this deal for a long time,” said Collins. Hernandez added, “It became apparent that the ideal thing to do was to collaborate on the whole thing.”

This collaboration reflects a growing trend in Miami’s development scene, where rising construction costs and interest rates have pushed developers to bring in equity partners.

Construction on the first phase, Lofty Brickell, is already in motion. The 44-story, 363-unit condominium is set to rise at 99 Southwest Seventh Street. The building, which is 94 percent presold, will feature 40,000 square feet of luxurious amenities, including:

• A marina
• Social club
• Pool deck
• Cigar lounge
• Co-working space

Additionally, Avra Estiatorio, a celebrated Greek restaurant, will occupy over 10,000 square feet at Lofty Brickell, offering a 300-seat dining room with outdoor seating and riverfront views.

Lofty and a second branded condo tower are expected to be completed by the third quarter of 2026.

The One Brickell Riverfront project represents a bold vision for Miami’s future. With Taylor Collins and Harvey Hernandez sharing a unified outlook, the development promises to redefine the riverfront experience. Hernandez likened the partnership to a marriage, highlighting the trust and shared goals between the two firms.

Two Roads Development brings a wealth of experience to the collaboration. The firm has completed prestigious projects like Elysee Miami and Biscayne Beach in Edgewater. Currently, it is working on the Edition Residences in Edgewater, although that project has faced legal hurdles related to the termination of the Biscayne 21 condo building.

For Newgard, the success of Lofty Brickell adds to its portfolio, despite past challenges with other projects, including Natiivo Fort Lauderdale.

The collaboration between Two Roads and Newgard comes as the Miami River sees increased development activity. On the north side of the river, KAR Properties and Fortune International Group have partnered on the Faena-branded One River Point.

As new luxury projects reshape the Miami Riverfront, One Brickell Riverfront is poised to be a standout development, blending world-class design, amenities, and a vibrant urban lifestyle.