Ken Griffin Acquires $1.1 Billion Mana Wynwood Portfolio in Largest Land Assemblage Deal in Florida History

Wynwood is set for another major transformation following the $1.1 billion sale of the Mana Wynwood portfolio to billionaire Citadel founder and CEO Ken Griffin, marking the largest land assemblage transaction in Florida history and paving the way for a new 35-acre Carnegie Mellon University campus in Miami.

The transaction transfers one of Wynwood's largest consolidated property assemblages from investor and developer Moishe Mana to Griffin. Rather than pursuing a conventional mixed-use redevelopment of the sprawling portfolio, the property is planned to become Carnegie Mellon University Miami, establishing a major new academic, research and innovation hub within the neighborhood.

The Miami campus is part of Griffin's newly announced $3 billion commitment to Carnegie Mellon University, with approximately $2 billion dedicated to establishing the university's Miami presence, including the value of the Wynwood real estate.

Carnegie Mellon plans to begin enrolling students in Miami in 2028, with the campus eventually expected to accommodate more than 3,500 students, approximately 300 faculty members and more than 600 staff. Construction could begin as early as next year.

The new campus is planned to incorporate research facilities and spaces connecting academia with industry and entrepreneurship. Carnegie Mellon is internationally recognized for programs including computer science, artificial intelligence, engineering and robotics.

The acquisition encompasses approximately 35 acres in Wynwood, including the property associated with Mana Wynwood at 318 NW 23rd Street. The existing complex is anchored by a convention center and has become a major destination for events including the III Points music festival.

The transaction arrives as Wynwood continues its evolution from an industrial and arts district into one of Miami's fastest-growing mixed-use and residential neighborhoods. New condominium and multifamily developments, offices, hotels, restaurants and retail have introduced a growing permanent population to an area once dominated by warehouses, galleries and nightlife.

A university campus of this scale introduces another major component to that transformation. Thousands of students, faculty and staff could establish a substantial year-round population while generating additional demand for housing, restaurants, retail and businesses throughout Wynwood and surrounding neighborhoods.

Griffin had already expanded his presence in Wynwood earlier this year through the acquisition of the 545Wyn office building at 545 NW 26th Street for more than $180 million alongside Goldman Properties.

The $1.1 billion acquisition and planned 35-acre Carnegie Mellon University Miami campus represent a significant new chapter for Wynwood, adding education, research and technology to a neighborhood already undergoing substantial residential and commercial growth.

Past PROFILEmiami articles about Ken Griffin and Moishe Mana’s Miami real estate investments:

Bayview PACE Provides $200 Million in C-PACE Financing for Florida’s Second-Tallest High-Rise, Okan Tower in Miami, Among the Largest Loans in the Country

Bayview PACE, a division of Bayview Commercial Mortgage Finance, has closed on $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use high-rise being developed by Okan Group and designed by Behar Font & Partners. Having reached its 40th floor, more than halfway toward completion, Okan Tower at 555 N. Miami Ave. in downtown Miami will rise to 903 feet upon completion in 2028, becoming the second-tallest building in Florida.

Bayview PACE’s Commercial Property-Assessed Clean Energy (C-PACE) financing offers favorable and cost-effective terms for qualified improvements in energy, lighting, water systems, building envelope and other resiliency components, and it can be applied to new construction as well as renovations. C-PACE financings to date in the U.S. exceed well over $10 billion, according to the C-PACE Alliance. It has been approved through legislation in 40 states, gaining popularity among real estate owners and the financial institutions looking to serve them.

The C-PACE financing from Coral Gables, FL-based Bayview PACE completes the capital stack of financing for the new luxury skyscraper. The uppermost floors of Okan Tower include 163 luxury condo residences – branded as Sky Residences -- that will offer a new level of design, amenities and expansive views for the South Florida market. Just below the private residences will be 236 condo-hotel units available for sale and managed by Hilton. Below the condo-hotel homes will be a 316-key five-star Hilton hotel. The Okan Tower’s lower levels will offer four floors of office space totaling 56,000 square feet of space.

The Sky Residences’ high-end amenities feature a 24-hour concierge, rooftop pool and outdoor lounge area with private cabanas, wine cellar, owners lounge, a spa including sauna, steam, and massage rooms, and a 429-space on-site parking garage. Sales of the Sky Residences and condo-hotel units are well underway led by Fortune International Group.

“We are pleased to provide this C-PACE financing to help complete Okan Tower’s capital stack and support Okan Group’s objectives,” said Jeff Klar, Vice President of Bayview PACE. “Bayview crafted a creative financing solution that was accretive to the sponsor’s goals and aligned with the project’s construction timeline. This nine-figure C-PACE transaction underscores both Bayview’s structuring expertise and the financial strength of the broader Bayview platform.”

“The closing of Okan Tower’s $200 million C-PACE financing is a defining milestone that validates both the project and the strength of the Miami market. This level of lender commitment—particularly in today’s disciplined capital environment—confirms confidence in the capital stack, the long-term fundamentals, and the vision behind what will be one of Downtown Miami’s most spectacular and architecturally significant luxury towers. For buyers, this reinforces that the time to invest in Downtown Miami is now, while pricing, product, and global demand are aligning at an exceptional moment,” said Michael Sadov, Sales Director at Okan Tower.

Okan Group, a Turkish-based group of companies founded in 1972, is a leading multi-national firm active in healthcare, finance, food, textiles, tourism, energy, education and real estate including the development of dozens of projects around the world. One of the firm’s commercial property entities, Okan Construction, is the general contractor for Okan Tower.

Bayview PACE, a division of Bayview Commercial Mortgage Finance, LLC, provides creative financing solutions that combine C-PACE lending with construction and bridge capital. Unlike most PACE-only providers, Bayview PACE partners with commercial property owners and developers to deliver a full capital stack solution. Their OKAN Tower financing follows two other major Florida deals by Bayview PACE in recent months including $180 million in C-PACE for Domus Brickell Center and $137 million in C-PACE for the Westin Cocoa Beach Resort & Spa.

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Renderings via Okan Tower

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Rilea Group Secures $150 Million in Construction Financing for Mohawk at Wynwood in Miami

Miami-based real estate developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District.

The financing package includes $124.2 million in C-PACE capital from Nuveen Green Capital (NGC), a national leader in sustainable commercial real estate financing solutions, marking the largest C-PACE-financed multifamily transaction in the state of Florida to date, and a $25 million senior loan from Spain-based ABANCA USA, which serves as the senior secured lender for the transaction. The financing was arranged by Javier Herrera of Franklin Street.

“Mohawk at Wynwood represents the next frontier of Miami living – a project that fuses punk rock, high fashion, and renegade culture into an all-brick, steel, and glass building that feels both timeless and unapologetically new,” said Diego Ojeda, President of Rilea Group. “From the widest sidewalks in Wynwood—designed for outdoor dining and pedestrian life—to rooftop pools, lounges, padel courts, and 30,000 square feet of dynamic retail, Mohawk is more than a building, it’s a movement.

Bringing together a national powerhouse like Nuveen Green Capital with a relationship-driven institution like ABANCA is something we’re incredibly proud of,” Ojeda added. “ABANCA had the vision and conviction to finance our last multifamily project when many lenders stepped to the sidelines during the depths of COVID, and they continue to lead by example as one of the pioneers embracing C-PACE financing today. We’re equally grateful to Nuveen for placing their confidence in us with their largest multifamily loan in Florida, it speaks volumes about the strength of this project, this corridor, and our long-term partnership.

Slated for completion in 2028, Mohawk at Wynwood will offer expansive studios, one-, two-, and three-bedroom residences, including lanai units with private backyards. The building’s architecture features Chicago brick, industrial steel detailing, and floor-to-ceiling glass, echoing Wynwood’s artistic and warehouse-inspired aesthetic.

The project sits on NW 29th Street, now one of Miami’s fastest-growing corridors, with record-breaking rent growth and retail pricing that have made it one of the most valuable streets in the city.

Mohawk at Wynwood reflects Rilea Group’s position at the center of Miami’s most competitive development corridor. NW 29th Street has rapidly become one of the most sought-after streets in the city, attracting many of Miami’s heavyweight developers — including Related Group, Crescent Heights, AMLI (backed by Morgan Stanley), Kushner Companies, Terra Group, Oak Row Equities & L&L Holding, Carlos Rosso Development, PMG and OKO Group — who view the corridor as a long-term growth engine. Rilea Group is uniquely positioned with two projects at the heart of this corridor, reinforcing its emergence as a premier destination for residential, retail, and mixed-use development in Miami.

"We're proud to partner with Rilea Group and ABANCA on Mohawk at Wynwood, a project that redefines sustainable urban living," said Ryan Doyle, Senior Director of Originations at Nuveen Green Capital. "This is the largest C-PACE financing for a multifamily project in Florida, underscoring NGC's confidence in Miami's resilience and growth, as well as C-PACE's efficacy in financing large-scale development. Mohawk's design, efficiency, and community focus embody exactly the kind of forward-thinking development that will define the next decade of multifamily housing."

Rilea Group has launched the sale of Mohawk’s ground-floor retail spaces following the record-breaking success of retail sales at its adjacent condominium project, The Rider Residences. At The Rider Residences, Ciprés and Rilea Group achieved retail sales of up to $1,700 per square foot, and Mohawk at Wynwood has since surpassed that benchmark, setting a new national pre-construction record with retail sales reaching $1,850 per square foot. At Mohawk, approximately 33% of the retail component has already been sold to date, reflecting continued demand along the NW 29th Street corridor. The retail spaces are being co-listed by Cervera Real Estate and Comras Company and are available for purchase in cryptocurrency. The residential component of Mohawk will remain a purpose-built multifamily rental community.

Mohawk continues Rilea’s creative partnership with Deforma Studio and RADYCA, the visionary design teams behind The Rider Residences. Together, they are redefining the language of urban living in Wynwood — merging industrial authenticity with refined global design.

“As senior lender on Mohawk, we’re thrilled to deepen our relationship with Rilea Group and continue to be their banking partner in the U.S.,” said Monica Vázquez, General Manager, ABANCA USA. “This project unites world-class architecture with cultural authenticity and economic vitality—a true reflection of Miami’s global trajectory.”

Residents will enjoy rooftop pools and lounges with panoramic skyline views, a padel court, a Turkish hammam spa with cold plunges and infrared saunas, co-working lounges, children’s play areas, and a rooftop dog park.

“Our relationship with the Murphy family and the entire Coastal Construction team runs deep,” said Diego Ojeda, President of Rilea Group. “Together we’ve delivered some of Miami’s most respected buildings, and Mohawk will be no exception. We’re bringing the same precision, craftsmanship, and attention to detail to Wynwood — delivering what will be the neighborhood’s premier residential tower, with kitchens and appliances that are truly second to none.”

Construction of Mohawk at Wynwood is being led by Coastal Construction, marking Rilea Group’s sixth tower with the firm. The partnership began with J.P. Morgan’s 1450 Brickell Tower, and continues today with the massive Santander Tower at 1401 Brickell, now rising in Miami’s Financial District.

“The financing secured for Mohawk at Wynwood underscores both Miami’s sustained appeal among lenders and the strength of Rilea Group’s track record in one of the city’s fastest-growing neighborhoods,” said Suzanne Amaducci of Bilzin Sumberg, who represented Rilea Group in the transaction. “Wynwood has become a premier destination for residential and commercial development, and that momentum played a meaningful role in the project’s ability to attract C-PACE financing alongside a senior loan. Florida developers are increasingly turning to C-PACE financing to complete the capital stack, and I expect the C-PACE program will grow in popularity in 2026 and beyond.”

Rilea Group’s Mohawk at Wynwood and its adjacent project The Rider Residences will follow the success of the firm’s sold-out, luxury condominium The Bond on Brickell; 1450 Brickell Office Tower, home to J.P. Morgan’s headquarters; One Broadway luxury apartment tower; and the Sabadell Financial Center – all set within Miami’s sought-after Brickell Financial District, nicknamed “Wall Street South.”

Renderings via Rilea Group

For more information about Mohawk at Wynwood please fill out the form below:

PMG Locks Down $115 Million Construction Loan For Sage Intracoastal Residences Fort Lauderdale

National developer PMG is pleased to announce they have secured $115 million in construction financing for Sage Intracoastal Residences Fort Lauderdale, a 28-story boutique condominium nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway. Financing was provided by GoldenTree Asset Management. The transaction was led by PMG's Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Saul Ewing served as PMG’s transactional counsel, and Gibson Dunn served as GoldenTree Asset Management’s transactional counsel. The property broke ground last month and is slated for completion in late 2027.

“Fort Lauderdale is defined by its waterways and natural beauty, and we’re proud to have GoldenTree’s continued support as we advance Sage Intracoastal Residences on the waterfront,” said Dan Kaplan, Managing Partner at PMG. “Positioned between the New River and the Atlantic, this boutique development will deliver year-round access to premier dining, recreation, and leisure, complemented by elevated design and wellness-driven amenities. We commend our capital markets team for underscoring Sage Intracoastal’s value and remain focused on setting a new standard in Fort Lauderdale as construction moves forward.”

Sage Intracoastal Residences Fort Lauderdale consists of 44 elegantly appointed residences displaying unobstructed views of the Intracoastal and Atlantic Ocean, perpetually protected by the Bonnet House Museum & Gardens. Designed by Fort Lauderdale-based FSMY Architects with interiors curated by acclaimed design firm BAMO, the property will offer two-, three-, and four-bedroom private residences starting at 2,767 square feet. Expertly designed to enhance privacy, there will only be two units per floor and a doubled distance away from neighboring buildings.

Each carefully crafted residence will be equipped with the finest finishes and features to deliver a truly harmonious residential experience. These include soaring 10-foot ceiling heights, Italian kitchen cabinetry custom-designed by BAMO, floor-to-ceiling energy-efficient and impact-resistant glass sliding doors and windows to maximize natural light, expansive private terraces with summer kitchens and clear glass railings for unobstructed views, custom Italian entry and interior doors, smart home technology, high-end appliances, midnight bars in primary bedrooms, and more. The Sage Penthouse Collection will extend further luxury and convenience to buyers through taller residential ceiling heights and private rooftops with summer kitchens and plunge pools.

A thoughtful array of over 19,000 square feet of exceptional, private indoor and outdoor amenities will also be available to residents, including an integrated wellness circuit. The wellness circuit will center around the Sage Wellness Spa, a tranquil space equipped with steam, sauna, and cold plunge areas, private treatment rooms, private his and hers lockers, and a relaxation area with outdoor terraces. Additionally, residents will have access to a state-of-the-art fitness studio with the latest high-tech exercise equipment, a movement studio, and a yoga lawn. Beyond wellness, Sage Intracoastal Residences Fort Lauderdale will present residents with ample outdoor amenity space, allowing them to reap more of the benefits of their stunning waterfront location. Outdoor amenities include an expanded jacuzzi, a spacious waterfront resort-style pool with a lounge area, a grilling station with dining tables, a water view bar and lounge, and private luxe cabana suites. Indoors, residents will have access to a state-of-the-art golf simulator.

Services available to residents include a private residential porte-cochère with 24-hour valet service, a 24-hour front desk concierge, sports equipment storage, house bicycles, a dog run, dog walking services, package delivery, and valet parking. Sage Intracoastal Residences Fort Lauderdale will also feature the latest in smart-building technology, as well as semi-private elevators and private elevator foyers for each residence.

PMG Residential is the lead sales team for Sage Intracoastal Residences Fort Lauderdale, with Jaime Cristancho, and Laura San Jose exclusively representing sales for the project.

Images via ARX Creative

For more information about Sage Intracoastal Residences Fort Lauderdale or to inquire about purchasing a unit please fill out the form below:

Gencom Affiliate Reacquires Majority Interest In The Ritz-Carlton Coconut Grove

Affiliates of Miami-based Gencom, a U.S.-based investment firm that owns, operates, and develops prized real estate globally, announced that it has reacquired a majority interest the 115-key The Ritz-Carlton Coconut Grove situated at 3300 SW 27th Ave. in Miami, Florida.

A Gencom-led joint venture originally acquired The Ritz-Carlton Coconut Grove back in 2011 and sold a majority stake on the property to Hersha Hospitality Trust in 2017. The new acquisition transaction was financed by Banco Inbursa, a leading international financial institution with a strong track record financing hospitality and commercial real estate assets, for an undisclosed amount.

“The Ritz-Carlton Coconut Grove has always been a special property for Gencom, reflected by our history with the asset and Coconut Grove’s timeless appeal,” said Karim Alibhai, Founder of Gencom. “Reacquiring a majority stake aligns with our strategy of investing in high-quality assets in markets with strong fundamentals. We see significant opportunity to build on the property’s legacy and exceptional brand by creating value through disciplined investment and asset management.”

The Ritz-Carlton Coconut Grove property first opened in 2002 in Miami’s historic Coconut Grove neighborhood. In addition to the hotel’s 115 guestrooms, the Ritz-Carlton property features ~30,000 square feet of flexible indoor and outdoor meeting space, a swimming pool, poolside restaurant, boutique spa and salon, and a fitness center. The 21-story upscale hotel underwent its latest renovation in 2018. The upgrades included renovating the guestrooms and suites, the lobby, swimming pool, and food and beverage spaces that led to the opening of Isabelle’s Coconut Grove and The Commodore cocktail bar.

“This acquisition reflects our long-term conviction in Miami’s lodging fundamentals and the sustained strength of its local economy,” said Alessandro Colantonio, Chief Investment Officer at Gencom. “Having previously owned The Ritz-Carlton Coconut Grove, we recognize the enduring value of the asset and the importance of Coconut Grove as one of Miami’s most established and in-demand submarkets for both leisure and business travel. Regaining a majority ownership in this iconic property enables us to further scale our hospitality platform in Miami, one of North America’s most compelling and resilient tourism markets.”

Miami’s Coconut Grove waterfront neighborhood has emerged as one of the city’s most authentic and highly coveted communities. Known for its lush streets, historic charm, and vibrant cultural scene, the Grove has seen significant growth and redevelopment in recent years. The addition of several Class A office buildings has attracted new residents and businesses, while the revitalization of its anchor lifestyle center, Cocowalk, has introduced dozens of restaurants, retail shops, and a new movie theater. Coupled with the development of luxury condos and hotels, these enhancements have strengthened Coconut Grove’s position as a premier live-work-play district. Today, the neighborhood offers a unique blend of luxury living, shopping, dining, cultural attractions and entertainment, making it one of Miami’s most appealing destinations for residents, visitors, and investors alike.

Gencom’s Miami holdings include the recently reopened Ritz-Carlton Key Biscayne, Miami following a $100 million renovation and Miami Riverbridge, a transformational, privately funded mixed-use development planned along the Miami River, reinforcing the firm’s long-term conviction in the city’s growth and waterfront revitalization. The company’s illustrious branded hotel portfolio also includes other Marriott Hotels brands such as The Ritz-Carlton Bachelor Gulch; The Ritz-Carlton Philadelphia; The Ritz-Carlton New Orleans; The St. Regis Chicago; and Nekajui, a Ritz-Carlton Reserve; in addition to other five-star flags such as Auberge, Four Seasons, Rosewood, Fairmont, Hyatt, InterContinental, and more.

Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and which is also an active owner and investor in hospitality operating platforms. Gencom’s current real estate portfolio is comprised of some of the world’s most iconic hotels, resorts, and destinations which are amongst the leading properties in the industry with key operating partners such as Four Seasons, Ritz-Carlton, Rosewood, Auberge, Fairmont, Hyatt, and Marriott.

Founded more than 40 years ago, Gencom has grown to become one of the nation’s leading firms specializing in the development and management of luxury resort and residential properties, alongside full-service hospitality operating platforms. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and includes 24 owned assets in operation or under development with over 6,000 hotel rooms around the world; in addition to 185 properties, comprised of 50,000 keys through its third-party management affiliate, Pyramid Global Hospitality, which oversees hotel property management and operations throughout the U.S. and Europe; and over 2 million square feet through affiliate Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces.

Images via Gencom

Oak Row Equities and OKO Group Close Largest Land Acquisition in Florida With $520 Million Waterfront Land Deal in Brickell

Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida. The joint venture closed on the $520 million purchase of Aimco’s 4.25-acre waterfront parcel—located at 1001 and 1111 Brickell Bay Drive—with 485 feet of continuous Biscayne Bay frontage.

TYKO Capital is the senior lender, providing a $464.5 million acquisition and predevelopment loan. Positioned in the heart of Miami’s Brickell financial district, the overall site is zoned for over three million square feet of development, allowing for multiple towers that can rise up to 1,049 feet. The assemblage, the largest and last remaining developable site of this scale in Brickell, will feature an ultra luxury destination that redefines the future of holistic living and leisure. The first phase of development will feature a hotel and branded condominiums.

“Closing on Brickell Bay Drive is a historic moment for our growing firm—a milestone that speaks to the caliber of our team—and for the future of Miami. We are honored to partner with OKO Group to create a globally-coveted experience and new way of living that is singular to this once-in-a-lifetime waterfront site,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities. “Tyko Capital has been an incredible partner and a true pleasure to work with. Their financing is a powerful validation of the underlying fundamentals of this exceptional transaction, and we are grateful for their partnership and belief in the unprecedented growth ahead for South Florida.”

“This landmark acquisition represents a pivotal moment for Miami and reinforces OKO Group’s long-term commitment to elevating the city’s global profile,” said Vlad Doronin, Founder and CEO, OKO Group. “Brickell’s final remaining waterfront site of this scale provides a rare opportunity to create an iconic mixed-use development that will set a new benchmark for design, wellness, and luxury hospitality in the United States. We are pleased to collaborate with Oak Row Equities, whose vision and expertise align with our ambition to deliver enduring value and an unparalleled lifestyle experience for residents and guests on Biscayne Bay.”

Oak Row Equities has rapidly ascended as a preeminent development firm in the South Florida real estate industry. Wynwood Plaza, the largest mixed-use development in Wynwood, is home to Amazon’s South Florida headquarters and 509 brand new luxury rentals. Oak Row assembled the land for this project in the largest off-market transaction in Wynwood’s history.

2900 Terrace, a premier luxury multifamily tower in Miami’s vibrant Edgewater submarket, broke ground in October following the close of a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan provided by Canyon Partners Real Estate. 2600 Biscayne, a 41-story Class AAA office and multifamily tower in Edgewater and currently under construction, was funded by a $181M construction loan from Bank OZK with over 50% of the commercial space pre-leased.

Simultaneously, ORE is finalizing plans for First & Fifth, a brand new luxury multifamily tower designed by ODP Architects, that will rise across the street from MiamiCentral Station – the hub of all four major train systems in South Florida. ORE is also advancing permits for Venus, a 440-unit multifamily project in North Miami Beach.

OKO Group builds on the formidable expertise of Doronin, one of the most successful and respected international developers, and his peerless track record in constructing world-class office, retail and luxury residential space over a total of 82 buildings.

OKO Group’s current U.S. portfolio of prime properties and development projects include 830 Brickell, a Class A-plus office tower in Miami’s Brickell Financial District; two luxury residential developments in Miami, Missoni Baia in Edgewater and Una Residences in Brickell; Aman Miami Beach, spanning two oceanfront buildings at 3425 Collins Avenue; the Crown Building in New York City, which opened in 2022 as Aman New York at the crossroads of Fifth Avenue and 57th Street; and One Beverly Hills, a 17.5-acre multi-billion dollar master planned development in partnership with Cain International which will include Aman Beverly Hills which will encompass an Aman hotel, branded residences, and a private club.

Tower Capital Partners Launches Offering Exclusive Investor Access To Premier Real Estate Development Opportunities In Miami

PROFILEmiami Founder Demetri Demascus and former auto-industry executive Christian Iacovelli have joined forces to launch Tower Capital Partners, a private equity firm that invests with real estate developers with a proven track record of delivery high-quality real estate development projects and offers individual accredited investors access to private, institutional level deals typically reserved for family offices. Tower Capital Partners has a focus on equity investments in resilient, high-growth markets with an asymmetric risk-return profile and an emphasis on wealth preservation matched with long-term growth.

Tower Capital Partners completed their first deal in Q3 2024, closing a preferred equity deal in Atlanta alongside The Allen Morris Company. Tower Capital Partners is now actively raising capital for two upcoming luxury condominium projects—one in Coconut Grove and one in Coral Gables—marking its formal entry into the South Florida market. While the details of these projects remain confidential, they underscore the firm's focus on iconic developments in prime, demand-driven locations.

Tower Capital Partners is redefining individual accredited investor access to premier real estate opportunities. The firm is built on the core thesis of investing alongside top-tier real estate developers with a proven track record of delivering high-quality projects in high-growth cities. Tower Capital Partners is focused on providing accredited investors with access to private, institutional-level deals that were historically reserved for family offices and large investment firms. With a commitment to transparency, aligned incentives, and a minimum investment of just $50,000, Tower Capital Partners is creating a new level of access to exclusive real estate investments.

The firm targets opportunities with an asymmetric risk-return profile, emphasizing downside protection while maximizing upside potential. Every project is carefully vetted, and the team invests alongside its limited partners in each deal, ensuring complete alignment. Key reasons to invest with Tower Capital include partnerships with the best developers, curated deal flow, and a clear, investor-first structure that puts transparency and performance at the forefront.

Tower Capital Partners is led by Babson College roommates, Managing Partners Demetri Demascus and Christian Iacovelli, who oversee all aspects of deal origination including sourcing investments and partnerships, capital raising, underwriting, due diligence, market research, asset management, investor relations and management of operations. Demetri is also the Founder and Publisher of leading South Florida real estate news and events platform PROFILEmiami which runs the annual PROFILE Pre-Construction Development Summit; is a licensed real estate broker in the State of Florida having overseen over $160+ million in real estate transactions and previously helped Galium Capital, a Miami-based real estate private equity group, grow the firm’s AUM from $300+ million to $650+ million. Christian led Rally Manufacturing, a successful automotive accessories manufacturing business, to over $500 million in retail sales, where he successfully managed multinational brand partnerships with industry giants such as Goodyear and forged strong relationships with leading U.S. and multinational retailers including Walmart, The Home Depot, and AutoZone.

To learn more about Tower Capital Partners visit www.towercapitalpartners.com.

Accredited investors and real estate development companies interested in working with Tower Capital Partners fill out the form below:

Affiliate of RPC, Participant Capital Advisors, Launches $250 Million Multifamily Fund

An affiliate of Royal Palm Companies, ‘RPC’, Participant Capital Advisors, a real estate investment firm that manages private equity real estate vehicles, announced the launch of its latest fund: the Participant Capital Sun Belt Multifamily Development Fund 1 (the "Fund"). The Fund has a fundraising target of $250 million in commitments to allocate to multifamily development projects in the booming Sun Belt region. The Fund is a closed-end private equity real estate vehicle with an 8-year projected term. Apex Group Ltd. has been appointed as the Administrator for the Fund. Participant Capital Advisors is affiliated with leading Miami-based development firm Royal Palm Companies, RPC, and is led by Dan Kodsi and Bernie Wasserman.

The Fund will be particularly focused on the state of Florida where it is targeting low-rise multifamily projects in the rapidly growing suburbs of Orlando and Tampa, and mid/high-rise projects in Miami and other major urban centers in South Florida.

"U.S. demographics, migration, work from home trends, and rising residential costs strongly favor multifamily development in Florida," said Participant Capital President Bernie Wasserman. "Florida's stable migration is the backdrop to its major cities experiencing some of the highest rent, job and economic growth in the country. Our latest fund will provide accredited investors with access to this growth story via investments in institutional quality multifamily development projects."

Participant Capital is a real estate investment management firm that empowers wealth managers with the ability to invest their clients' capital in Class A real estate development projects alongside institutional investors. Participant Capital principals have a 30+ year track record in development. Through its affiliation with Royal Palm Companies (RPC), Participant Capital is able to capitalize on a rich development history and experience that spans over 50 real estate projects, 9,500 units, 18 million square feet, and over $4.7 billion of value creation. Participant Capital invests alongside best-in-class institutions in branded real estate including RPC's proprietary development brands: PARAMOUNT®; Legacy Hotel & Residences®; Elevate; and Grand Reserve®.

Global Financial Services Firm Rothschild To Open Miami Office At 830 Brickell

Global financial services company Rothschild & Co. will open a Miami office at 830 Brickell after leasing space at OKO Group and Cain International’s premier Class A+ office tower which is nearing completion in the city’s Brickell Financial District. Rothschild & Co. is one of the world's largest independent financial advisory groups, employing 3600 people in 40 countries across the world.

The deal marks a continuation of the influx of new-to-market companies to South Florida, with many firms opting to take space at 830 Brickell. The 640,000-square-foot project, which is over 90%, is slated for completion this year. It will be the first new standalone office tower in Brickell in more than a decade.

Brian Gale and Andrew Trench led the Cushman & Wakefield team that represented the developers in the deal. Scott Quick and Alan Wildes, also of Cushman, represented the tenant.

"The ownership behind 830 Brickell in Miami has completed a 5,000 square foot lease with global financial firm Rothschild & Co. Rothschild becomes the latest new-to-market firm to join a roster of best-in-class tenants that will move into the building upon delivery this year. With more than 90 percent of 830 Brickell’s tenants being new to the Miami market, the tower has solidified its position as the address of choice for inbound firms spanning banking and finance, technology, and law and professional services.”

Rothschild will join a roster of world-leading companies at the building, including Microsoft, financial services company Citadel, international law firms Kirkland & Ellis, Sidley Austin, Winston & Strawn LLP and Baker McKenzie, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap and others.

830 Brickell will feature spectacular only-in-Miami panoramic ocean and city views, floor-to-ceiling windows, column-free spans, state-of-the-art digital infrastructure with Wired certification and a LEED Silver certification due to its progressive environmentally efficient design. The tower offers tech-forward, first-class amenities including an upscale rooftop restaurant and bar, a sky lobby with a nearly 2,500 SF health and wellness center and first-class conference facility, a 14th floor outdoor terrace designed by Enea Landscape Architecture, valet parking, electric vehicle charging stations, cafés and white-glove customer service including a 24-hour concierge.

Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood

Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood. Rilea Group is now transforming 2.5 acres, nearly an entire block, at NW 29th St. and the Florida East Coast Railway line. Rilea Group is a multi-faceted real estate development and management company that has developed over 9,500,000 square feet in South Florida.

The expanded footprint will add 34 new units, including 20 New York style, two-story lofts at Mohawk, underscoring the company’s confidence in the market’s growth at the border of Midtown and Wynwood neighborhoods and demand for unique rental real estate.

Over the past 10 years, Wynwood has experienced significant growth, as have its property values. It continues to emerge as one of South Florida’s hottest, upcoming areas for new residential and office developments.

“Wynwood is on a meteoric rise and we’re thrilled to be a part of fomenting its growth,” said Diego Ojeda, president of Rilea Group. “We have put together a standalone team that through our unparalleled architecture and interior design, we will bring a unique concept which will be like nothing seen before in the neighborhood. Mohawk at Wynwood’s punk rock theme and our neighboring project, The Rider’s ‘easy-rider’ persona, will be sure to attract a great crowd to the market.”

Realty Mogul, an innovative crowdfunding platform for commercial real estate investment, is the largest fundraising partner for Mohawk at Wynwood. It is expected to launch a fresh raise of additional capital in the coming weeks for the project’s continued expansion and future construction, slated for later this year.

Mohawk at Wynwood will feature 260 residential units and 31K square feet of ground floor retail, 335 covered parking spaces with 25 percent dedicated to electric vehicles, 1,500 square feet of private offices for residents in a 12-story building covering a total of 78K square feet of land. Mohawk’s amenities will include a dazzling rooftop pool, game room, state-of-the art gym, outdoor and indoor yoga studios, owner’s lounge and bar, outdoor and indoor kid’s room, a large private park, dog park, two pickleball courts, and more.

The Rider at Wynwood will have 131 apartment-hotel luxury units for short-term rentals, 6,500 square feet of ground floor retail, a rooftop pool for residents and a speakeasy-concept rooftop bar in a 12-story building. The buildings’ architecture will feature Chicago-brick facades coupled with aged metal accents throughout.

Rilea Group’s acquisition of the initial assemblage began in June 2021 when Alfredo Riascos of Gridline Properties represented buyer Rilea Group / Alan & Diego Ojeda and seller David Lombardi in Rilea Group’s $22 million acquisition of the adjacent 65,700-square-foot site at 56 NE 29th St., Miami, FL 33137, also part of the Mohawk at Wynwood assemblage. In addition, in October 2021, Gridline Properties represented the Rilea Group / Alan & Diego Ojeda in its purchase of the adjacent 31,358-square-foot property at 100 NE 29th St., Miami, FL 33137 for $12.25 million, slated for The Rider at Wynwood site. The seller was Jeffrey Miller.