Oak Row buying Aimco’s bayfront Brickell assemblage for $520M

Deal marks South Florida’s biggest development site deal to date.

By Lidia Dinkova
12.31.24

Oak Row buying Aimco’s bayfront Brickell assemblage for $520M

Oak Row Equities’ David Weitz and Erik Rutter and a view of the Brickell assemblage consisting of the Brickell Bay Office Tower at 1001 Brickell Bay Drive and Yacht Club Apartments at 1111 Brickell Bay Drive in Miami (Oak Row, Google Maps)

Oak Row Equities is in line for one of South Florida’s biggest real estate deals.

The firm is in contract to purchase a 4.25-acre bayfront assemblage in Miami’s Brickell Financial District for $520 million.

Aimco, a Denver-based real estate investment trust, is selling the 32-story Brickell Bay Office Tower at 1001 Brickell Bay Drive and the adjacent 31-story, 357-unit Yacht Club Apartments at 1111 Brickell Bay Drive to Brickell Bay Property Owner LLC, according to a filing to the Securities and Exchange Commission on Monday.

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