Oak Row Equities closes $181m construction loan for 2600 Biscayne Blvd. in Miami

Oak Row Equities announced it closed on a $181 million construction loan from Bank OZK for 2600 Biscayne Boulevard, a class AAA office and multifamily tower in Miami’s rapidly maturing Edgewater submarket.

Newmark arranged the financing. 2600 Biscayne’s office and retail space is 50 percent pre-leased prior to breaking ground.

Oak Row Equities acquired the land at 2600 Biscayne in an off-market transaction along with additional density from an adjacent site to create a highly competitive land basis. The project sits on an entire city block in a premier microlocation within Edgewater for trophy office and luxury multifamily with exceptional views of Biscayne Bay. The property is located within an opportunity zone and is one block from the planned Northeast Corridor rail stop.

2600 Biscayne will feature 187,000 square feet of office and retail space and 399 studio to three-bedroom (plus den) rental residences. The tower’s offices will be l