Tall & Urban News

Set to acquire Aimco's 4.25-acre waterfront property at 1001 and 1111 Brickell Bay Drive for US$520 million are two real estate investment and development companies: Oak Row Equities and Mariposa Real Estate. Closing in late 2025, the prime site with 485 feet (148 meters) of Biscayne Bay frontage, is zoned for over three million square feet (278,709 square meters) of development and poised for ultra-luxury condominiums.

Erik Rutter, Managing Partner at Oak Row Equities, highlighted the property's unparalleled potential by noting that the acquisition is a "once-in-a-lifetime opportunity" for building a transformative project in Miami’s premier submarket. Flexible zoning alllows for high-rises of up to 1,049 feet (320 meters), enabling a landmark development to be designed with the potential for reshaping Miami's skyline and setting new standards of living. David Weitz, also a Managing Partner at Oak Row Equities, emphasized the commitment to world-class design and placemaking.

Mariposa Real Estate joins Oak Row Equities as a partner, sharing the vision of delivering a best-in-class development. The project aims to elevate the Brickell Bay area with cutting-edge design and exceptional residential offerings, that will showcase sophistication and innovation in the city.

Learn more about this story at Floride Yimby.