Newgard Group and Two Roads Development Mark Major Construction Milestone at One Brickell Riverfront With Installation of Architectural Crowns
The two residential towers rising at One Brickell Riverfront commemorated another landmark moment in their construction with the installation of architectural crowns atop both LOFTY Brickell and The Standard Residences, Brickell. With this milestone, both towers now reach their full architectural heights, and their distinctive silhouettes are beginning to redefine the Brickell skyline.
The two residential towers rising at One Brickell Riverfront commemorated another landmark moment in their construction with the installation of architectural crowns atop both LOFTY Brickell at 44 stories and The Standard Residences, Brickell at 46 stories. With this milestone, both towers now reach their full architectural heights, and their distinctive silhouettes are beginning to redefine the Brickell skyline.
The crown is more than a finishing touch. It is the moment a tower stops resembling a construction site and starts looking like a landmark. The crowns of both towers serve a functional purpose while completing the bold visual statement that architect Arquitectonica envisioned from the very beginning.
Both towers are now visible throughout Brickell, Downtown Miami, and along the Miami River - permanent additions to one of the most dynamic skylines in the U.S.
“For buyers who first fell in love with the project through renderings, seeing the crowns in place marks the moment their dream becomes an undeniable reality,” said Harvey Hernandez, CEO of Newgard Group. “What started on paper is now a full-scale landmark, and we could not be prouder of the team that made it happen.”
“The crown milestone signals to the market, and our buyers, that the finish line is well within sight,” said Brad Meltzer, Partner and President of Two Roads Development. “One Brickell Riverfront is becoming exactly what we promised - a defining piece of Miami's riverfront and new standard for urban residential living.”
General contractor G.T. McDonald topped off the building in January 2026. Construction on both towers continues ahead of schedule, with delivery targeted for August 2027. The crown completion marks the transition into enhancing the building’s exterior aesthetics and interior finishing work across both buildings.
LOFTY Brickell is a 44-story tower featuring 362 fully furnished studios, one- and two-bedroom residences and penthouses, with interiors by INC. Its 40,000 square feet of amenities include a private marina, resort-style pool deck, fitness center, spa, cigar lounge and co-working spaces. New York City-based AVRA Estiatorio will bring its acclaimed Coastal Greek dining experience to LOFTY's ground floor, with waterfront views of the Miami River.
Just seven penthouse residences remain available, with prices ranging from $2.4 to $3.5 million. LOFTY’s flexible ownership model allows owners the ability to rent out their residences on their own terms. Cervera Real Estate is the exclusive sales and marketing partner.
The Standard Residences, Brickell rises 46 stories and offers 422 fully furnished studios, one- and two-bedroom residences with interiors by GOODRICH, priced from the mid $600,000s. Multi-level amenities include a rooftop pool, The Standard Club Lounge and Café, co-working spaces, a 10th-floor spa with Hammam, saunas and cold plunge, bowling alley and lounge, pet spa, screening room and signature dining. ONE Sotheby's International Realty is leading sales.
One Brickell Riverfront is located at 99 SW Seventh Street, along the northwest corner of Brickell City Centre. The project closed $513 million in construction financing in late 2025 - one of the largest residential construction loans in South Florida last year. An undisclosed private lender provided $370 million in senior financing while 3650 Capital originated a $143 million mezzanine loan.
Newgard Group and Two Roads Development formed their strategic partnership in November 2024 to transform one of Brickell's last undeveloped riverfront sites into a vibrant, integrated residential destination.
Past PROFILEmiami articles about One Brickell Riverfront, LOFTY Brickell / The Standard Residences, Brickell:
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Newgard Group and Two Roads Secure $513 Million in Construction Financing for One Brickell Riverfront in Miami
Newgard Group and Two Roads Development closed on $513 million in construction financing for their One Brickell Riverfront project in Miami’s financial district, making it one of the largest residential construction loans in the South Florida market this year.
Newgard Group and Two Roads Development closed on $513 million in construction financing for their One Brickell Riverfront project in Miami’s financial district, making it one of the largest residential construction loans in the South Florida market this year. The development includes LOFTY Brickell and The Standard Residences, Brickell condominium towers where construction is months ahead of schedule on the Miami River.
An undisclosed private lender provided $370 million in senior financing while 3650 Capital originated a $143 million mezzanine loan.
Located at 99 SW Seventh St. next to Brickell City Centre, the master-planned development features two high-rise condominium towers rising from a shared podium. LOFTY Brickell is a 44-story tower with 362 residences, while The Standard Residences, Brickell will stand 46 stories and include 422 residences.
Construction is more than halfway complete, with both towers expected to deliver months ahead of their targeted August 2027 completion. G.T. McDonald is the project’s general contractor.
“This financing reinforces the market’s confidence in the strength of our vision for One Brickell Riverfront,” said Harvey Hernandez, CEO of Newgard Group. “Together with Two Roads, we are creating a destination that combines world-class design, unmatched amenities, and the flexibility today’s buyers demand.”
Hernandez continued: “3650 Capital has been instrumental to the success of this extraordinary project, having supported us since the initial acquisition of the property. We are thrilled to continue to grow our relationship with the firm, who has helped finance several of our new condominium developments in the past.”
“Brickell is one of the most dynamic urban neighborhoods in the country, and this project reflects our shared commitment to delivering best-in-class residential experiences,” said Taylor Collins, Managing Partner of Two Roads Development. “Securing this loan is another important milestone as we move quickly toward topping off early next year.”
Newgard and Two Roads formed a strategic partnership in November 2024 to transform one of Brickell’s last undeveloped riverfront sites into a vibrant, integrated community.
“One Brickell Riverfront is poised to bring highly desirable luxury condominiums with two distinct concepts to Miami’s financial district,” said Jonathan Roth, Co-Founder and Managing Partner of 3650 Capital. “The successful closing of this transaction speaks to 3650’s local market expertise, special servicing function and ability to help our borrowers from site assemblage through construction and sellout—core tenets of our capabilities that enable us to generate strong investor returns. The sponsors have robust track records of developing high-end residential projects, and we’re pleased to have helped them navigate the complexities of the project, which we believe is situated in one of the most attractive locations in all of Florida.”
Designed by Arquitectonica, LOFTY Brickell features studios and one- and two-bedroom residences and penthouses furnished by INC. Its 40,000 square feet of amenities include a private marina, resort-style pool deck, fitness center, spa, cigar lounge and co-working spaces. The highly acclaimed New York City-based restaurant AVRA Estiatorio will open a location on LOFTY’s ground floor, providing owners and guests with an elevated Coastal Greek dining experience with waterfront views.
A limited number of penthouse residences remain available for sale with prices ranging from $2.4 to $3.5 million. The building has proven to be very attractive to individuals seeking a 5-star lifestyle in Miami’s urban core. Another strong attraction is LOFTY’s flexible ownership model allowing owners the ability to rent out their units on their own terms.
The Standard Residences, Brickell, designed by Arquitectonica with interiors by GOOD.RICH, offers 422 homes including studios, one-bedrooms and two-bedrooms. Prices start in the mid $600s.
Multi-level amenities include a rooftop pool with beverage and towel service, The Standard Club Lounge and Café, co-working spaces, and a 10th-floor spa with Hammam, saunas and a cold plunge. Additional offerings include a fitness center, bowling alley and lounge, pet spa and screening room, along with signature dining on the ninth floor and a riverfront restaurant at street level. Sales are being led by ONE Sotheby’s International Realty.
For more information about LOFTY Brickell / The Standard Residences, Brickell or to inquire about purchasing a unit please fill out the form below:
The two residential towers rising at One Brickell Riverfront commemorated another landmark moment in their construction with the installation of architectural crowns atop both LOFTY Brickell and The Standard Residences, Brickell. With this milestone, both towers now reach their full architectural heights, and their distinctive silhouettes are beginning to redefine the Brickell skyline.