Tall & Urban News

Oak Row Equities announced that it has closed on the acquisition of a 2.1-acre (0.8-hectare) site on one of the last remaining undeveloped city blocks in the urban core. The firm acquired 2600 Biscayne Boulevard in Miami’s popular Edgewater neighborhood for US$35 million to develop a mixed-use project designed by architecture firm Arquitectonica. Oak Row Equities is one of Miami’s fastest-growing real estate development firms with active projects in Wynwood, North Miami Beach, Edgewater, and the Design District.

Carpe Real Estate Partners rose to prominence in Miami for its complex adaptive reuse project The Oasis. The firm converted a former warehouse into a 24/7 destination, adding an instant classic to both the world-famous Wynwood Arts District and Miami’s cultural scene. The Oasis is a verdant sprawling campus with creative office space, a lively entertainment venue featuring an outdoor stage for live performances, an outdoor food hall, 35,000 square feet (3,251 square meters) of landscaped space, synergistic retail, and restaurants. At the time it was the largest lease signed outside of Downtown Miami to a non-coworking tenant at the highest rent per foot.

The inspiration for the name Oak Row Equities comes from the row of oak trees lining the entrance to The Oasis, which was the first large landscape installation designed by the partners. The entrance is both whimsical and welcoming and is an example of a public space built with the concept of the community first. The primary focal point of The Oasis is a 75’ tall “Tower Bar” made out of renovated shipping containers featuring a colorful mural by Antonio Marest which can be seen throughout Wynwood. Storytelling through artwork and creating a platform for artists remains inherent in the ethos of Oak Row Equities.

For more on this story, go to Bloomberg.