47-Story Una Residences Secures $128M Financing & Prepares For Vertical Construction Later This Year

Construction continues on an underground parking garage at the Una Residences site in Brickell, with vertical construction set to begin later this year.

The project has seen a surge in sales recently and developers announced this morning that they obtained a construction loan.

Over the past four months alone, the developers have sold $75 million worth of condos at the tower, they say.

OKO Group and Cain International, the project’s development team, said that they obtained $128.3 million in construction financing from Bank OZK.

“The fundamentals of the Una Residences project met the high standards Bank OZK consistently seeks in our credits – marquee real estate, strong market fundamentals and top-tier sponsorship,” said Greg Newman, Managing Director of Originations for Bank OZK’s Real Estate Specialties Group.

The deepest and one of the most expensive parking garages ever built in Miami is now under construction at the site. The underground garage will be three levels, with 236 parking spaces.

By the end of this year, the foundation will be complete and vertical construction work will begin.

The 579-foot tower is expected to top off in late 2022, with completion in 2023.

Una will include 135 condo units.

The tower is being designed by Adrian Smith + Gordon Gill architecture.

 

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Anonymous
3 months ago

Views of the bay from the angle are going to be incredible

Anonymous
3 months ago

UNA set new standards for Brickell. When the building next door is purchased by most likely a Realty conglomerate similiar buildings will be built. The property which is mainly a huge parking lot and one building is almost 9 acres the same size as all of 25th Road.

Anonymous
3 months ago

Gorgeous building

Anonymous
3 months ago

Love this tower. Can’t wait to see the crane rise up. Views of downtown from here are going to be gorgeous.

Anonymous
3 months ago

Stunna!!

POLO
3 months ago

Congratulations are in order to Adrian Smith + Gordon Gill for designing this stunning tower!

Anonymous
3 months ago

Was that Jared checking out older Condos to tear down and built a Tower on Brickell.

Anonymous
3 months ago

Miami winning big time.

Anonymous
3 months ago

It’s so sexy

Anonymous
3 months ago

“It’s so sexy” …. why?🧐
It’s because it looks like a d…?

Anonymous
3 months ago

Looks like a meat tenderizer to me.

Anonymous
3 months ago

It has been well documented that architecture is intentionally phallic of centuries. Big deal.

Azarius
3 months ago

I believe this tower will activate new construction to new heights this area has never seen. Looking forward to reading about more projects south of Brickell

Anonymous
3 months ago

Waldorf sales team take note, this is what a hi-end tower is supposed to look like. Good luck with hocking no-balcony units in a giant stack of shipping containers.

Michael
3 months ago

The Waldorf Tower does have balconies, they’re recessed so they don’t stick out. Look at the interior shots of the renderings, they’re there. Albeit, not wraparound balconies.

Anonymous
3 months ago

But it still looks like a “giant stack of shipping containers.”

Anonymous
3 months ago

well yeah.. that’s the point of the design

Anonymous
3 months ago

The building looks like one of those irons curly hair device my wife use to do her hair 😛

Anonymous
3 months ago

Does anyone know if Metromover will get extended here?
It’d be nice….

Anonymous
3 months ago

It’s already close to Metrorail, and nobody living here will use either.

Anonymous
3 months ago

This new building is close to the Metrorail?

How close?

Anonymous
3 months ago

Extend the Metromover to serve the 135 condo unit building…

Anonymous
3 months ago

Extend Metromover to serve my house in Palmetto Bay.

Anonymous
3 months ago

If only OKO commissioned something commensurate in Edgewater. Instead, we got a box and saxophone jetpacks.

Anonymous
2 months ago

Süper projeler çok estetik ve çarpıcı bol kazanç diliyorum gurur duydum yollarınız açık olsun