Oak Row Equities and OKO Group Complete $520M Waterfront Land Acquisition in Brickell with TYKO Capital Financing
Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion in South Florida developments, has partnered with Miami-based OKO Group, founded by international investor and luxury real estate developer Vlad Doronin, and Mariposa Real Estate to complete one of Florida’s most significant land acquisitions. The joint venture finalized the $520 million purchase of a 4.25-acre waterfront parcel previously owned by Aimco, located at 1001 and 1111 Brickell Bay Drive, featuring an impressive 485 feet of continuous Biscayne Bay frontage.
TYKO Capital served as the senior lender for the transaction, providing a $464.5 million acquisition and predevelopment loan. Positioned in the heart of Miami’s Brickell financial district, the site is zoned for over three million square feet of development, permitting multiple towers that could rise up to 1,049 feet. This assemblage represents the largest and last remaining waterfront site of this scale in Brickell and is poised to become an ultra-luxury destination redefining the future of holistic living and leisure. The project’s first phase will feature a luxury hotel and branded condominiums.
“Closing on Brickell Bay Drive marks a historic milestone for Oak Row Equities and the city of Miami,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities. “It reflects the caliber of our team and our vision for delivering world-class experiences. Partnering with OKO Group allows us to create a globally-coveted lifestyle offering that is unique to this once-in-a-lifetime waterfront site. TYKO Capital has been a tremendous partner—their financing validates the fundamentals of this exceptional transaction and underscores our confidence in South Florida’s growth trajectory.”
Vlad Doronin, Founder and CEO of OKO Group, added, “This landmark acquisition is a pivotal moment for Miami and reinforces OKO Group’s commitment to enhancing the city’s international profile. Brickell’s final remaining waterfront site of this scale offers a rare opportunity to deliver an iconic mixed-use development that sets new standards for design, wellness, and luxury hospitality in the United States. Our collaboration with Oak Row Equities is grounded in shared vision and expertise, ensuring enduring value and an unparalleled lifestyle experience for residents and guests along Biscayne Bay.”
Oak Row Equities has quickly emerged as a leading development firm in South Florida. Its Wynwood Plaza project—the largest mixed-use development in Wynwood—houses Amazon’s South Florida headquarters alongside 509 new luxury rental units. Oak Row assembled the land for Wynwood Plaza in the largest off-market transaction in the neighborhood’s history.
In Miami’s Edgewater submarket, Oak Row is actively developing multiple luxury projects. 2900 Terrace, a premier multifamily tower, broke ground in October following the close of a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate. Meanwhile, 2600 Biscayne, a 41-story Class AAA office and multifamily tower currently under construction, secured a $181 million construction loan from Bank OZK and has already pre-leased over 50% of its commercial space.
Oak Row Equities is also advancing plans for First & Fifth, a new luxury multifamily tower designed by ODP Architects, located across from MiamiCentral Station—the region’s hub for all four major train systems. Additionally, the firm is progressing permits for Venus, a 440-unit multifamily project in North Miami Beach.
OKO Group brings to the venture the extensive expertise of Vlad Doronin, one of the world’s most successful and respected international developers. Doronin’s track record includes 82 completed buildings encompassing luxury residential, retail, and office spaces worldwide.
OKO Group’s U.S. portfolio is anchored by several high-profile properties and projects, including 830 Brickell, a Class A-plus office tower in Miami’s Brickell Financial District; Missoni Baia in Edgewater and Una Residences in Brickell, both luxury residential developments; and Aman Miami Beach, a two-building oceanfront property at 3425 Collins Avenue. Internationally recognized, the firm also developed the Crown Building in New York City, which opened as Aman New York in 2022 at the corner of Fifth Avenue and 57th Street. Additionally, OKO Group is advancing One Beverly Hills, a 17.5-acre multi-billion-dollar master-planned development in partnership with Cain International. This project will feature Aman Beverly Hills, incorporating a hotel, branded residences, and a private club.
The Brickell Bay Drive acquisition underscores the joint venture’s shared commitment to redefining luxury living in Miami, combining Oak Row’s regional development expertise with OKO Group’s global experience in crafting world-class properties. The project is expected to transform Miami’s skyline, offering a mixed-use destination that seamlessly integrates hospitality, residential, and wellness-focused amenities, while setting a new benchmark for waterfront development in the city.
With the backing of TYKO Capital, the Brickell Bay Drive development is positioned to become an iconic symbol of Miami’s continued growth, urban sophistication, and status as a global hub for luxury real estate. The combined vision, expertise, and resources of Oak Row Equities and OKO Group are expected to deliver a transformative experience that enhances the city’s international appeal and sets a new standard for premium waterfront living.
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