Historic Land Acquisition in Brickell: Oak Row Equities and Mariposa Real Estate Plan Transformative Development
January 6, 2025 by Jacki Taylor
In a monumental move for Miami’s real estate market, developers Oak Row Equities and Mariposa Real Estate have announced their agreement to acquire a property in Brickell, marking the largest land acquisition in the city’s history. The deal, valued at an astounding $520 million, is set to close in the fourth quarter of 2025 and promises to reshape the skyline of Miami.
Oak Row Equities has unveiled ambitious plans for the site, which will include ultra-luxury condominiums designed to redefine the standards of urban living. In a statement, the developer expressed its vision for “a landmark development that will redefine Miami’s skyline and set a new standard for urban luxury.”
The site’s zoning allows for over three million square feet of development, with permissions for several towers to rise to a supertall height of 1,049 feet. This ambitious project aims to create a transformative urban destination in the heart of Brickell.
“The Brickell Bay Drive assemblage presents a once-in-a-lifetime opportunity to build a transformative project in the most exciting submarket in the City of Miami,” said Erik Rutter, Managing Partner at Oak Row Equities. His sentiments were echoed by David Weitz, Managing Partner at Oak Row Equities, who added, “We intend to collaborate with world-class talent to bring our vision to life.”
With the planned development, Oak Row Equities and Mariposa Real Estate aim to set a new benchmark for luxury and architectural excellence. The project will not only enhance the city’s skyline but also contribute significantly to Miami’s reputation as a global hub for luxury real estate.
As the project progresses, Miami’s residents and investors alike will eagerly anticipate the unveiling of what promises to be one of the most iconic developments in the city’s history. The future of Brickell has never looked more exciting.
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