Aria, Largo and Place Projects Repay $77 Million Construction Loan for 2200 Brickell

Aria Development Group, Largo and Place Projects have fully repaid the $77 million construction loan that financed 2200 Brickell, closing out the Bank OZK senior debt as residents move into the five-story condominium on Brickell Avenue.

The development team announced the payoff October 6, confirming that Bank OZK had executed a satisfaction of mortgage. The milestone follows construction and delivery of the 103-residence building at 2200 Brickell Avenue.

Bank OZK committed the financing in October 2023. Arranged by The Aztec Group, the senior construction loan covered approximately half of the project’s total cost and carried a 36-month term at a floating rate of SOFR plus 4.00 percent. Its repayment completes the financing cycle for a project built on a 1.7-acre site in the southern portion of the Brickell neighborhood.

“Seeing residents move into a project while fully repaying our construction loan is a rewarding validation of that vision and the team that brought it to life,” said David Arditi, founding partner and president of Aria Miami.

Arditi described the financing as Aria’s fourth construction loan with Bank OZK. Largo and Place Projects have also borrowed from the lender on separate developments, bringing the three firms’ combined financings with the bank to six, according to the announcement.

Designed by Revuelta Architecture International with interiors by ODA, 2200 Brickell takes a lower-rise approach to a neighborhood better known for its condominium towers. Its five-story scale accommodates 103 homes alongside indoor wellness spaces and a one-acre rooftop amenity deck.

The rooftop includes a resort-style pool, pickleball court, quarter-mile walking track and outdoor recreation areas. Fitness, recovery and children’s spaces extend the amenity program throughout the building.

The financial milestone comes as the developers transition from construction to residential occupancy. OneWorld Properties, led by president and CEO Peggy Olin, is handling exclusive sales and marketing for the building’s final collection of residences.

Images courtesy of OneWorld Properties.

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2200 Brickell Launches Exclusive Private Nofar Method Pilates Studio

2200 Brickell is bringing Nofar Method Pilates instruction directly into its residential amenity program through a partnership with founder Nofar Hagag. Announced October 7, the agreement covers the programming, branding and design of a private studio within the condominium’s Vitality Club fitness center.

The studio gives residents access to two Reformers and two Cadillac tables, with a Nofar-trained instructor on site whenever the equipment is in use. The program combines in-person sessions with on-demand and live-streamed content.

It is Nofar Method’s first partnership in Brickell, according to the announcement. Hagag founded the Pilates brand in 2019 and operates studios in Flatiron, Tribeca and Miami Beach.

“Residents get the benefit of world-class fitness where they already live, on a schedule that complements their life,” said Hagag, founder of Nofar Method.

The partnership arrives as residents move into the five-story, 103-home condominium at 2200 Brickell Avenue. Aria Development Group, Largo and Place Projects developed the building, with architecture by Revuelta Architecture International and interiors by ODA.

“Wellness has been a core component of the 2200 Brickell vision from the outset,” said David Arditi, founding partner of Aria. The studio is part of a broader fitness and recovery offering that includes the Homage Fitness-designed Vitality Club, a treatment suite, infrared sauna and fitness lawn.

Rather than requiring residents to travel to a separate studio, the arrangement places instructor-led Reformer and Cadillac sessions within the building’s daily amenity program. The developers have positioned the lower-rise property around wellness and everyday livability.

2200 Brickell includes one- to four-bedroom residences and a limited collection of private garden villas. OneWorld Properties, led by president and CEO Peggy Olin, is handling exclusive sales and marketing for the final collection of homes.

Images courtesy of 2200 Brickell / Levy Public Relations.

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2200 Brickell Achieves Temporary Certificate of Occupancy, Releases Final Collection of Residences Ahead of Delivery At 85% Sold

Aria Development Group, Largo, and Place Projects have received Temporary Certificate of Occupancy (TCO) for 2200 Brickell and will begin welcoming residents. With delivery now underway, the development team is releasing its final collection of residences, spanning all home types, including penthouses and private garden villas, representing the last opportunity to purchase at 2200 Brickell before the building is fully occupied. The five-story, 103-residence project has also surpassed 85% sold, reflecting continued demand for move-in-ready inventory and a more residential, lower-density alternative to Brickell's traditional high-rise market.

Located at 2200 Brickell Avenue, the development arrives at a time when move-in-ready boutique inventory remains limited throughout the neighborhood. In a district defined by soaring condominium towers, 2200 Brickell offers a more intimate residential experience centered on livability, wellness, and community. The project was conceived for buyers seeking a true home within Miami's urban core.

"The receipt of our TCO is an exciting milestone, first and foremost for the buyers who believed in this vision from the beginning," said David Arditi, Founding Partner and President of Aria Miami. "2200 Brickell was conceived as a more intimate residential alternative within one of Miami's most dynamic neighborhoods. It's incredibly rewarding to see that vision come to life as we begin welcoming residents home."

Developed by Aria Development Group, Largo, and Place Projects, and designed by Revuelta Architecture International with interiors by New York-based ODA, 2200 Brickell features 105 residences across just five stories, including one-to four-bedroom homes and garden villas. The project's floorplans, family-friendly amenities, and extensive lifestyle offerings were designed to support healthy, active, luxurious living and primary residency.

"From the outset, we believed there was an underserved segment of buyers looking for a different type of product on Brickell Avenue," said Nick Werner, Managing Partner of Largo. "The response validated that thesis. Buyers consistently gravitated toward the project's scale, floorplans, and amenity program because they could envision themselves living here long term."

The TCO marks the culmination of a multi-year effort to bring a unique concept to Brickell, transforming a 1.7-acre site into one of the neighborhood's newest condominium communities. As one of the few newly completed luxury developments currently delivering on Brickell, the project offers buyers the opportunity to purchase and occupy a finished residence rather than wait years for construction to conclude.

"One of the biggest advantages of a completed building is that buyers no longer have to imagine the lifestyle," said Peggy Olin, President and CEO of OneWorld Properties, the project's exclusive sales and marketing partner. "They can walk the property, experience the rooftop, tour the residences, and understand exactly what they're purchasing. We've seen that confidence translates directly into demand. Today's luxury buyer is increasingly focused on quality of life, convenience, and certainty, and 2200 Brickell delivers on all three in a way that resonates with both local buyers and those relocating to Miami."

Anchored by a one-acre rooftop amenity deck, the project emphasizes wellness, recreation, and community. Residents enjoy a resort-style pool and spa, outdoor fitness spaces, social lounges, co-working areas, a quarter-mile walking track, pickleball court, children's play areas, and outdoor grilling and dining spaces.

Additional amenities include the Vitality Club fitness center by Homage Fitness, which includes a Pilates studio by Nofar, a treatment suite and infrared sauna; dedicated work-from-home suites, a cycling lounge, valet service, optional self-parking on your floor, electric vehicle charging stations, and children's spaces designed by Silver Hill Arts. The development also holds a WELL Building Standard™ designation, reflecting its focus on health and well-being.

Residences range from one- to four-bedroom layouts, spanning approximately 590 to 2,070 square feet, including a limited collection of private garden villas. Homes feature floor-to-ceiling impact glass, expansive terraces, custom Italian kitchens designed by ODA New York, Thermador and Bosch appliances, spa-inspired bathrooms, and spacious custom closets.

Situated along Brickell Avenue, 2200 Brickell offers convenient access to Brickell City Centre, Mary Brickell Village, Coconut Grove, Key Biscayne, and Miami's cultural institutions while providing a more intimate residential environment rarely found within the neighborhood's urban core.

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2200 Brickell Secures $77 Million Construction Loan from Bank OZK

Aria Development Group, Largo and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story luxury condominium development on Brickell’s lush Millionaire’s Row. The construction financing was provided by Bank OZK which was represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023. Residences are priced from $1.2 million with One World Properties as the exclusive developer sales brokerage representing 2200 Brickell.

“We are thrilled to continue our partnership with Bank OZK to bring this amazing project to life,” said David Arditi, Managing Partner of Aria Development Group. “Brickell remains a top market within Miami’s luxury sector. 2200 Brickell will play an instrumental role in continuing Brickell’s success thanks to its focus on residential wellness, tailored amenities in a boutique setting. Together with our partners, we look forward to welcoming residents into an exciting building in this thriving neighborhood.”

Situated along Brickell’s historic Millionaire’s Row, 2200 Brickell offers two, three, and four-bedroom condominiums and garden villas ranging from 1,200 to 2,100 square feet. Designed by Revuelta Architecture International, with interiors by the award-winning team at ODA New York, it is meticulously crafted to enhance the quality of life for all who live there through a harmonious fusion of organic and geometric design. Additionally, 2200 Brickell is being designed as a WELL Certified building, meaning it adheres to the WELL Building Standard™. This standard is focused on ensuring the health and wellness of residents by creating a positive human experience centered around 10 core concepts ranging from light, movement, and nourishment to materials, mind, and community.

“Bank OZK is pleased to provide construction financing for 2200 Brickell,” stated Greg Newman, Senior Managing Director of Originations at Bank OZK. “Aria and its partners are developing a trophy asset that is destined to be one of the premier condominium developments in Miami. This combination of top-tier sponsorship, marquee asset and dominant location aligns perfectly with our real estate lending strategy.”

2200 Brickell will offer an array of amenities including its one-acre rooftop haven, a sun-drenched lush landscape of exquisitely elevated amenities. This one-of-a-kind rooftop space includes a resort-style pool and outdoor spa with pool-side cabanas, a pickleball court, a summer kitchen with multiple seating areas, an outdoor fitness area designed by HOMAGE Fitness, a children’s play area designed by Silver Hill Arts, and a quarter-mile walking track.

Indoors, additional amenities include a cycling lounge and workshop with bicycle storage, custom indoor children’s playroom designed by Silver Hill Arts, a world-class state-of-the-art fitness center designed by HOMAGE Fitness, a wellness lounge with a treatment room and sauna, dedicated work from home suites with a conference room, a resident lounge and entertaining space, Luxer One automated parcel storage featuring a contactless digital package delivery system with cold storage, and a double-height, 24-hour attended lobby. For further convenience, residents will enjoy above-ground parking on all levels with direct access to their residences, on-site valet parking, electric vehicle charging stations, and a covered porte-cochère.

Images via 2200 Brickell