RFR has completed a $101 million refinancing of 100 Biscayne, a 30-story boutique waterfront office tower at 100 Biscayne Blvd. in Downtown Miami. The new loan was funded by Derby Lane Partners and Axonic Capital, providing fresh senior financing for the property following a comprehensive repositioning program undertaken after RFR acquired the building in 2022.
The 317,000-square-foot office building has undergone an extensive capital improvement initiative under RFR’s ownership. As part of that effort, the firm executed leases totaling approximately 248,000 square feet, lifting occupancy from below 60 percent to roughly 90 percent. The repositioning program delivered new amenities, pre-built suites and a range of building enhancements that were designed to improve the tenant experience and broaden the property’s appeal to office users.
Located in the Biscayne Bayfront area of Downtown Miami, 100 Biscayne offers direct views of Biscayne Bay, the Port of Miami and the broader Downtown skyline. The property also provides access to nearby Miami destinations including the Design District, Wynwood and Miami Beach, positioning the tower within a central urban office and lifestyle hub.
The tenant roster at 100 Biscayne features a mix of global brands, design firms, professional services and infrastructure users. LVMH renewed its 34,000-square-foot space earlier this year, continuing its presence in the building for Hublot and LVMH Perfumes & Cosmetics. Other tenants include eyewear company Luxottica, architecture firm Zyscovich and engineering firm DeSimone, along with several consulates.
The building also houses multiple data center and telecommunications users, with AT&T, Verizon and Windstream Communications among the tenants. The combination of traditional office users, consular occupants and data center tenants, supported by recent leasing momentum and physical upgrades, underpins the new financing structure provided by Derby Lane Partners and Axonic Capital.
