Miami’s real estate market welcomed its largest-ever waterfront land deal in 2025. Oak Row Equities and Mariposa Real Estate, partnering with billionaire Vlad Doronin’s OKO Group, finalized a $520 million acquisition of a 4.25-acre Brickell Bay Drive parcel from Aimco.
Key Deal Highlights:
- • Parcel includes 32-story office tower at 1001 Brickell Bay Drive and 31-story Yacht Club Apartments
- • 485 feet of prime Brickell waterfront
- • Financing: $465.5M loan from Tyko Capital, $85M seller financing from Aimco
- • Zoned for supertall towers (over 984 feet)
- • Plans for a luxury hotel and branded residences as part of a mixed-use development
“This final waterfront site offers a rare opportunity to create an iconic development that will redefine design, wellness, and luxury hospitality in the U.S.,” said Vlad Doronin, CEO of OKO Group.
Oak Row Equities, founded in 2018, has delivered $4 billion in South Florida development, including Wynwood Plaza—home to Amazon’s South Florida headquarters and 509 luxury rental units.
Aimco’s sale is part of a larger strategy to monetize its portfolio following a strategic review, which also included a $455 million Chicago-area multifamily portfolio sale.
This record-breaking transaction not only underscores Brickell’s allure as a high-value real estate destination but also marks a historic milestone for Miami’s development landscape.
Developers close out 2025 with Miami's largest-ever land deal →
