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One Twenty Brickell Residences Miami

PMG Locks in $413M Financing for Dual-Tower One Twenty Brickell Residences in Miami

One Twenty Brickell Residences Miami

Miami’s development momentum shows no signs of slowing down as national developer PMG secures $413 million in construction financing for One Twenty Brickell Residences, a high-profile dual-tower project planned for the heart of Brickell. The financing package, provided by an Ares Real Estate fund and Monarch Alternative Capital, will support all aspects of the development—including luxury condominiums, rental residences, retail, and structured parking.

This latest deal marks a continued collaboration between PMG and its capital partners, who previously joined forces on a financing package for a separate PMG development in Wynwood. Jones Lang LaSalle (JLL), along with PMG’s Capital Markets team, helped structure and secure the financing. PMG is targeting an early May groundbreaking, with delivery scheduled for 2028.

“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said PMG’s Andrew Warman, who helped lead the transaction.

One Twenty Brickell Residences will consist of two architecturally distinct towers designed by Sieger Suarez Architects, with interiors by Cotofana Designs. The first tower, rising 37 stories, will include 266 fully finished condos—each with a deeded office suite, a unique offering aimed at today’s work-from-anywhere buyer. The second tower, rising 41 stories, will be operated by Sentral and feature 537 rental apartments ranging from studios to three-bedrooms, all outfitted with high-end finishes, smart home tech, and custom Italkraft cabinetry.

PMG reports that the condominium tower is already over 91% sold, a sign of strong market appetite for luxury residences in this key Miami submarket. “Its swift sales success is a testament to the tremendous team at PMG Residential,” noted Dan Kaplan, Managing Partner at PMG.

The project also boasts an impressive amenity package. Residents will enjoy over 100,000 square feet of shared and exclusive offerings, including concierge service, fitness studios, co-working lounges, a juice bar, pickleball court, spa and treatment rooms, and an infinity-edge pool—catering to both social lifestyles and wellness-focused living.

Representatives from both financing firms expressed confidence in the project’s positioning. Ares’ Bryan Donohoe noted that the firm was “pleased to further build on our relationship with PMG,” while Monarch’s Joshua Acheatel said they were “excited to continue [their] relationship with a best-in-class developer.”

PMG’s legal team, along with leading attorneys from Kramer Levin, Saul Ewing, Bilzin Sumberg, and Greenberg, Trager & Herbst, managed the legal structuring of the deal.

Backed by a portfolio that includes E11EVEN® Hotel & Residences, Waldorf Astoria Hotel & Residences Miami, and 111 West 57th Street in NYC, PMG continues to solidify its reputation as a dominant force in the luxury residential market. With One Twenty Brickell Residences, the developer further affirms its commitment to forward-thinking urban development and lifestyle design in Miami’s most desirable neighborhoods.

One Twenty Brickell Residences Miami

One Twenty Brickell Residences: A New Residential Tower in Miami

One Twenty Brickell Residences Miami

A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.

One Twenty Brickell Residences will feature a range of studio to three-bedroom apartments, sized from 451 to 1,395 square feet. Each residence will boast fully integrated kitchens with custom countertops and backsplashes, contemporary under-mount sinks, and a high-end appliance package. Additional features include imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, glass-enclosed showers, and fully built-out closets in primary bedrooms. The flooring, selected with specifications recommended by Cotofana Designs, includes designer polymer wood and a contemporary lighting package. A built-in top-of-the-line washer and dryer enhance convenience, while PMG’s smart home technology offers efficient, seamless personalization at the touch of a button.

One Twenty Brickell Residences features a unique offering of private office suites, which are deeded individually to condo purchasers. Each office is enclosed with glass panels and equipped with a desk, chair, two guest chairs, a wallpaper accent wall, and complimentary Wi-Fi, providing a functional workspace for residents. Additional office amenities include concierge secretary service, dedicated elevators, a reception area, and a coffee station. For larger meetings, a conference room is available, featuring an eight-person conference table, a 72-inch smart TV with a mounted camera, a conference phone, and Wi-Fi access.

Extensive Amenities for Modern Living

Amenities at One Twenty Brickell Residences encompass over 60,000 square feet, including:

  • Pickleball court with courtside seating
  • Children’s club and gym
  • Sky bar and lounge
  • Cafe and juice bar
  • Infinity-edge pool offering sunset views
  • Dog run
  • Wellness and fitness center featuring steam rooms, saunas, treatment rooms, and relaxation area with outdoor terraces
  • Modern fitness studio with the latest equipment
  • Movement studio and yoga lawn

Additional services available to residents include a building and wellness concierge, comprehensive management of the property, and smart-building technology, all aimed at providing a seamless living experience. The complex is further enhanced by custom art installations, enriching the environment for those who live, work, and play there.

One Twenty Brickell Residences

Unveiling One Twenty Brickell Residences: The Epitome of Luxury Living in Miami’s Brickell

One Twenty Brickell Residences

Miami’s skyline is about to witness another marvel as PMG, a distinguished real estate development firm, unveils its latest project: One Twenty Brickell Residences. Nestled in the heart of Brickell at 120 S.W. 8th Street, this opulent 34-story residential tower is set to redefine luxury living in one of Miami’s most vibrant neighborhoods.

With a total of 240 fully finished and furnished residences, One Twenty Brickell Residences promises an unparalleled living experience. What sets this development apart is its innovative concept of providing each residence with a first-of-their-kind deeded office suite. This unique offering reflects PMG’s commitment to meeting the evolving needs of modern homeowners, who seek both residential comfort and functional workspaces within the same abode.

Ryan Shear, managing partner at PMG, describes Brickell as a dynamic neighborhood pulsating with energy and opportunities. He notes that One Twenty Brickell Residences not only caters to the desire for luxury living but also addresses the escalating demand for Class-A office spaces—a trend increasingly prevalent in today’s remote work culture.

The hallmark of One Twenty Brickell Residences is its exclusive collection of dedicated office suites, tailored to meet the professional requirements of residents. These glass-paneled private offices come equipped with essential amenities, including locking access, ergonomic furniture, high-speed Wi-Fi, concierge secretary service, and a fully equipped conference room.

Designed by the renowned Sieger Suarez Architects, with interiors curated by Cotofana Designs, each residence exudes sophistication and style. From studio to three-bedroom apartments, ranging from 451 to 1,395 square feet, every detail reflects meticulous attention to quality and craftsmanship. Fully-integrated kitchens, imported cabinetry, WaterWorks fixtures, designer flooring, and smart home technology ensure a seamless blend of luxury and functionality.

Spanning over 60,000 square feet, the amenities at One Twenty Brickell Residences elevate the concept of urban living to new heights. From recreational spaces like the pickleball court and kids’ club to wellness facilities including a spa, fitness center, and yoga lawn, residents are presented with a myriad of options for leisure and relaxation.

Moreover, the central location of One Twenty Brickell Residences places residents within reach of Brickell’s finest attractions, including Michelin-starred restaurants, upscale boutiques, and entertainment venues. With easy access to transportation hubs, residents can effortlessly explore the best that Miami has to offer, from downtown landmarks to the sun-kissed shores of South Beach.

PMG’s track record of excellence in luxury residential development spans over three decades, with projects totaling more than $11 billion in value. Notable endeavors include iconic properties like 111 West 57th Street in New York City and E11EVEN Hotel & Residences in Miami, showcasing PMG’s commitment to creating exceptional living spaces that stand the test of time.

As One Twenty Brickell Residences prepares to open sales in April, anticipation is building among discerning homebuyers eager to experience the epitome of luxury living in Miami’s thriving Brickell neighborhood.