## Miami's Edgewater Gets Major Mixed-Use Development: Oak Row Equities Secures $181M in Construction Financing

Oak Row Equities, a vertically-integrated real estate developer with over $1.6 billion in active South Florida projects, has successfully secured a substantial $181 million construction loan from Bank OZK for its flagship 2600 Biscayne Boulevard development. The transaction marks one of the region's most significant mixed-use financing deals this year, positioning the project as a transformative addition to Miami's competitive real estate landscape.

### Project Scope and Market Positioning

The 2600 Biscayne development represents an ambitious mixed-use venture designed to reshape Edgewater's commercial and residential market. The Class AAA tower will encompass 399 luxury apartments ranging from studios to three-bedroom units and 187,000 square feet of premium office and retail space. Notably, the commercial component achieved 50% pre-leasing before ground was broken—an exceptional benchmark for new construction office buildings in Miami.

Oak Row Equities acquired the land through an off-market transaction that included additional density rights from an adjacent parcel, creating a competitive advantage for the developer. The entire city-block location sits within an opportunity zone and stands one block away from the planned Northeast Corridor rail stop, enhancing accessibility and long-term value proposition.

### Architectural Vision and Design Excellence

The project, designed by globally recognized architecture firm Arquitectonica, embodies ultra-modern aesthetics combined with state-of-the-art infrastructure. The sculptural facade incorporates custom artwork by critically-acclaimed artist Derrick Adams on its western face, creating a distinctive visual landmark visible across multiple Miami neighborhoods. The development will achieve Gold Certified National Green Building Standard status.

The office component occupies the first eleven floors within a glass pyramid-inspired structure featuring a contrasting gridded facade. Tenants will benefit from touchless technology, easily divisible floor plates, 14-foot ceilings with full-length glass walls, private balconies, and comprehensive wellness-oriented amenities. Outdoor office spaces include a landscaped rooftop terrace, exclusive padel court, yoga and wellness deck, and a fire pit area. Indoor facilities feature a dedicated business lounge, private meeting spaces, conference rooms equipped with golf simulators, and a private porte cochère for vehicle arrival.

The residential tower rises 135 feet above ground, offering every unit unobstructed views with 360-degree vistas available from select layouts. The residential experience emphasizes hotel-inspired design principles with amenities including a pet spa, private lounge, yoga studio, and premium fitness center. A wraparound 12th-floor amenity level incorporates a lap pool, cold plunge, hot tub, luxury cabanas, and BBQ facilities. The 41st-floor roof deck provides an additional coworking lounge with panoramic city views.

### Location and Accessibility

Edgewater's positioning within Miami's urban hierarchy offers residents and businesses proximity to Margaret Pace Park's eight landscaped acres, Wynwood's arts district, Midtown's urban core, and the Design District's luxury retail. Upon completion of planned infrastructure, a Whole Foods and Northeast Corridor rail station will be immediately accessible. Miami International Airport, Interstate 95, South Beach, and Brickell remain easily reachable.

The development provides 600+ parking spaces and EV charging stations, addressing modern transportation requirements for both office tenants and residents.

### Strategic Financing and Developer Perspective

Newmark's Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Daniel Matz coordinated the financing arrangement with Bank OZK.

Erik Rutter, Managing Partner of Oak Row Equities, emphasized the development's market significance: "Securing this financing for one of South Florida's most substantial mixed-use construction loans validates our vision for elevating Edgewater's commercial and residential offerings with Class AAA quality."

David Weitz, co-Managing Partner, added: "The tower delivers unprecedented design quality and amenity density that redefines expectations for new construction mixed-use development in Miami. We're creating a destination for luxury renters and institutional office tenants seeking walkability, convenience, and superior quality of life."

### Lender Confidence

Greg Newman, Senior Managing Director of Originations at Bank OZK, stated: "Oak Row Equities represents a top-tier development sponsor. Bank OZK is committed to financing innovative ventures that elevate submarkets through world-class architecture and sophisticated amenities. This project exemplifies the caliber of mixed-use development that drives Miami's real estate market forward."

### Complementary Development Activity

Oak Row Equities is simultaneously developing The Wynwood Plaza—a one-million-square-foot mixed-use campus in collaboration with L&L Holding Company. Designed by Gensler, this project features a half-acre landscaped public plaza created by Field Operations, representing the largest public space in Wynwood and among Miami's most significant urban plazas.