Brickell Waterfront Land Acquisition: Oak Row, OKO Close $520M Deal

A Record-Breaking Waterfront Transaction in Brickell

Oak Row Equities, OKO Group, and Mariposa Real Estate have completed the largest single land acquisition in Florida history. The joint venture closed on a $520 million purchase of a 4.25-acre waterfront site at 1001 and 1111 Brickell Bay Drive.

Importantly, the property features 485 feet of direct Biscayne Bay frontage. It sits in the core of Miami’s Brickell financial district, one of the most valuable urban markets in the country.

Financing Secured for a Landmark Development Site

TYKO Capital served as senior lender on the transaction. The firm provided a $464.5 million acquisition and predevelopment loan.

As a result, the partnership secured one of the largest real estate financings ever completed for a land purchase in Florida. The site is zoned for more than three million square feet of development and allows multiple towers rising up to 1,049 feet.

Vision for Brickell’s Last Major Waterfront Parcel

Notably, this assemblage represents the final remaining developable waterfront site of its scale in Brickell. The development team plans an ultra-luxury, mixed-use destination focused on wellness, hospitality, and lifestyle.

The first phase will include a luxury hotel and branded condominium residences. Together, the components aim to redefine holistic living on Biscayne Bay.

Leadership Commentary Highlights Long-Term Conviction

“Closing on Brickell Bay Drive marks a historic milestone for our firm and for Miami,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities. They emphasized the rarity of the site and the strength of the partnership with OKO Group.

Meanwhile, Vlad Doronin, Founder and CEO of OKO Group, described the acquisition as pivotal for the city’s global positioning. He added that the project will establish a new benchmark for design, wellness, and luxury hospitality in the United States.

Oak Row Equities’ Expanding South Florida Portfolio

Oak Row Equities has rapidly grown into a leading South Florida development firm, with more than $4 billion in active projects. Its portfolio includes Wynwood Plaza, the largest mixed-use development in Wynwood and home to Amazon’s South Florida headquarters.

Additionally, the firm recently broke ground on 2900 Terrace in Edgewater. The project followed the closing of a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate.

Oak Row is also developing 2600 Biscayne, a 41-story Class AAA office and multifamily tower now under construction. More than half of the commercial space is already pre-leased.

OKO Group’s Global Luxury Development Track Record

OKO Group builds on the experience of Vlad Doronin, one of the world’s most respected luxury developers. His portfolio spans 82 buildings across office, retail, and high-end residential sectors.

In the U.S., OKO Group’s projects include 830 Brickell, Missoni Baia, Una Residences, Aman Miami Beach, and the Crown Building in New York, now home to Aman New York. The firm is also advancing One Beverly Hills, a multi-billion-dollar master-planned development with Cain International.

A Transformational Moment for Brickell’s Waterfront

Together, Oak Row Equities and OKO Group are positioned to reshape Brickell’s waterfront. Ultimately, the $520 million acquisition sets the stage for one of the most significant mixed-use developments ever planned in Miami.

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