**Newmark Secures $111M Construction Loan for Miami High-Rise, The Perrin**
Newmark has arranged a $111 million construction loan for The Perrin, a 26-story, 310-unit multifamily tower set to rise at 901 SW 3rd Avenue in Miami, Florida. The financing was secured by Newmark’s Danny Matz on behalf of the project sponsor, The Empira Group. Goldman Sachs is the lender for the project.
The Perrin will be the first high-rise development in the United States by Empira Group and is scheduled for completion in 2028. The project will feature 2,500 square feet of ground-floor retail space, 380 parking spaces, and a range of residential units from studios to three-bedroom layouts.
Residents will have access to a robust amenity package, including a fitness center with a yoga studio, co-working and entertainment lounges, a resort-style pool with cabanas and BBQ areas, and a rooftop zen garden with a tea room.
Located in the heart of the Brickell neighborhood, The Perrin will offer convenient access to I-95 and is just a six-minute walk from the Brickell Metrorail Station. The development is also within walking distance of Brickell City Centre and Mary Brickell Village, with close connectivity to other prime Miami neighborhoods such as Wynwood, Coconut Grove, Coral Gables, and Miami Beach.
