development · Oct 5, 2025 · updated Aug 26, 2026

One Brickell Riverfront Secures $513 Million in Construction Financing

Newgard Group and Two Roads Development have secured financing for the two-tower project at 99 Southwest Seventh Street, which is now expected to be completed early.

Construction Financing Secured

Newgard Group and Two Roads Development have secured $513 million in construction financing for One Brickell Riverfront, according to Florida YIMBY. The financing package consists of a $370 million senior loan from a private lender and a $143 million mezzanine loan from 3650 Capital.

Project Details

One Brickell Riverfront is located at 99 Southwest Seventh Street in the Brickell Financial District. The development consists of two condominium towers: LOFTY Brickell and The Standard Residences, Brickell.

According to Florida YIMBY, the project was designed by Arquitectonica and is being built by general contractor G.T. McDonald. The Standard Residences, Brickell is a 46-story tower with 422 residences.

Delivery Timeline and Pricing

Due to the new financing, the towers are expected to be completed ahead of their previously scheduled August 2027 date, according to Florida YIMBY.

For buyers, the remaining penthouses at LOFTY Brickell are priced between $2.4 million and $3.5 million. The Standard Residences, Brickell, which is being sold by ONE Sotheby’s International Realty, offers units starting in the mid-$600,000s.

Local Amenities and Market Context

AVRA Estiatorio will occupy the ground floor of LOFTY Brickell, adding to the retail and dining options in the area.

According to Own Miami data from August 26, 2026, Brickell currently has 940 active condo listings with a median asking price of $859,000, or $806 per square foot.