PMG Secures $413M for Brickell Condo, Rental Project
With a $413 million construction loan in hand, PMG is ready to proceed with a twin-tower condominium/apartment venture in the heart of Brickell. The loan on One Twenty Brickell Residences covers financing for the condominium, multifamily, commercial, and parking components of the property. An Ares Real Estate fund and Monarch Alternative Capital provided the financing.
JLL represented PMG in the One Twenty Brickell Residences transaction, and PMG’s Capital Markets team, comprised of Andrew Warman, Jon Blank and Paton Marion, secured the financing. One Twenty Brickell Residences is slated for completion in 2028. The project is designed by Sieger Suarez Architects.
The first tower will rise 37 stories and offer 266 fully finished and furnished condominium residences, each delivered with deeded office suites to residents upon purchasing a condo unit. The second tower, sharing a podium with the first, will rise 41 stories and offer 537 multifamily residential units.
The rental units will have over 48,000 square feet of amenities. Over 60,000 square feet of condominium-specific amenities are also available.
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Logisco Launches $60M Quebec Rental Project With New Brand
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout