Empira’s The Perrin Luxury Rental Project Breaks Ground in Brickell With $111M Backing from Goldman Sachs

Key Points

• 310 units, 26‑story tower location at 244 SW 9th St in Brickell, Miami's Financial District.

• $111.25 M construction loan from Goldman Sachs, arranged by Newmark.

• Groundbreaking July 2025, delivery expected in 2027–2028.

Empira Group has officially broken ground on The Perrin, a luxury high-rise rental tower in Miami’s Brickell, now backed by a $111+ million construction loan from Goldman Sachs.

Tower Highlights & Amenities

• Location: At 244 SW 9th St, just blocks from Brickell City Centre—Miami’s epicenter of dining, shopping, and transit.

• Unit mix: 310 apartments, ranging from studios to three-bedrooms, designed by Corwil Architects with OTJ Interiors.

• Amenity suite:

  • Rooftop Zen garden & tea room

  • Resort‑style pool with cabanas & BBQ stations

  • Fitness center with yoga studio

  • Co-working and lounge spaces

  • 2,500 sq ft of ground‑floor retail

  • 380 parking spaces

Financing & Development Team

• Construction Loan: $111.25 M from Goldman Sachs, brokered by Daniel Matz of Newmark.

• Legal counsel: Greenberg Traurig represented Empira on the loan.

• Builder: Jaxi Builders selected as general contractor.

• Timeline: Groundbreaking in July 2025; anticipated delivery in 2027–2028.

Market Context & Investor Insight

• Brickell Demand: One of the few new high‑rise rentals underway—addressing a shortage and strong urban demand.

• Investor confidence: Goldman Sachs’ participation signals market optimism in Miami’s multifamily and rental growth.

• Empira expansion: This marks Empira’s second U.S. development—after its Enso project—reinforcing its commitment to Miami.

The Perrin reflects a strategic leap for Empira and a bet on Brickell’s rental potential. With solid financing, a premium location, and full amenity offerings, it's poised to shape the downtown Miami rental market and catalyze future investment.