**Oak Row Equities Secures $210.5M in Financing for Miami Multifamily Tower**
Oak Row Equities has closed on a $210.5 million construction loan for its latest development, 2900 Terrace, a multifamily high-rise located in Miami’s Edgewater neighborhood. The financing package includes a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate LLC.
The deal was arranged by JLL Capital Markets, with Christopher Peck, Brian Gaswirth, Nicco Lupo, Nick Lavin, and John Lowe leading the debt advisory team on behalf of the borrower.
Designed by the acclaimed firm Arquitectonica, 2900 Terrace will offer 324 oversized residences, ranging from one- to three-bedroom units. Many of the units will include private terraces and home offices, with both shared and private outdoor spaces to enhance the living experience.
The project boasts a comprehensive mix of indoor amenities, including:
– A state-of-the-art fitness center
– Co-working facilities with podcast and content creator studios
– A resident lounge and card room
– Treatment rooms and a sauna
– A golf simulator and theater
– A dedicated children’s playroom
Outdoor amenities are equally extensive and include:
– A resort-style swimming pool with cold plunge, hot tub, and poolside cabanas
– BBQ grills, picnic seating, and a summer kitchen
– Lounge areas and a co-working terrace
– Two padel courts and a children’s playground
Construction is set to begin immediately, with project completion targeted for the fourth quarter of 2027.
