Oak Row Equities Breaks Ground on Miami Mixed-Use Project
Bank OZK originated $181 million in construction financing for the development.
The 12th floor will feature a lap pool and hot tub, among other amenities. All images courtesy of Oak Row Equities 
Amenities for office tenants will include a padel court and open-air seating. 
The tower is slated to feature floor-to-ceiling windows. 
The project’s first 10 floors will feature office space. 
Derrick Adams will paint a mural on the building’s western façade.
Oak Row Equities has broken ground on 2600 Biscayne Blvd., a 399-unit mixed-use luxury tower in Miami, Fla. The developer secured $181 million in construction financing from Bank OZK and purchased the project’s 65,500-square-foot site for $35 million in 2022. LNDMRK Development is a minority investor in the project.
In terms of gross square footage, plans call for 479,000 square feet of residential development and 201,000 square feet of office space, as well as 9,500 square feet of ground-floor retail. Furthermore, a multistory 686-space parking garage measuring 283,000 square feet is also planned. The commercial space is 50 percent preleased.
Coastal Construction Group is the project’s general contractor, Arquitectonica is the architect on record, and Vida provides interior design services. Derrick Adams—an American visual artist and performer—will create an original public art piece for the project’s western façade.
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Set to rise 41 stories, the building’s residential space will start 135 feet above ground as the first 10 floors are slated to house office space. Floorplans will encompass studio and one- to three-bedroom units. 2600 Biscayne will aim for Gold Certified National Green Building Standard.
Amenities will feature a gym, yoga studio, private lounge and pet spa. Moreover, a wraparound 12th-floor deck is set to include a lap pool, a cold plunge, a hot tub, as well as cabanas. Lastly, the 41st floor will provide a coworking lounge and rooftop deck. A dedicated residential porte-cochére, as well as EV chargers, will also be available.
Located off U.S. Route 1, the project is anchored in a 95-walk-score area. Interstates 95, 195 and 395 are within a 2-mile radius, while downtown Miami is some 3 miles south. Employers such as the University of Miami Health System and Wells Fargo are within a 3-mile radius of the site.
Meandering through metro Miami’s supply pipeline
Less than 1 mile away, Wynwood Plaza’s 509-unit multifamily component topped out earlier this year. Oak Row Equities, L&L Holding Co., Shorenstein Properties and Claure Group are developing that project, which has secured $215 million in construction financing from Bank OZK.
In 2023, Greater Miami’s multifamily inventory rose by 16,194 units, a recent Yardi Matrix report shows. The metro’s stock expanded by 4.5 percent, marking a decade high. Another 44,324 units were under construction, with an additional 260,000 units in the planning and permitting stages at the end of the year.
Developers broke ground on nearly 400 units throughout 2024’s first quarter, a sharp decrease from the 3,000 units recorded during the first three months of 2023, according to Yardi Matrix data.
