Aria Development Group Secures $77 Million Construction Loan For 2200 Brickell Luxury Condominium Development

Aria Development Group, Largo, and Place Projects have secured a $77 million construction loan from Bank OZK for 2200 Brickell, a luxury condominium development located on Brickell Avenue in Miami. The project, known as 2200 Brickell, is set to break ground in the fourth quarter of 2023 and aims to offer residential wellness and tailored amenities to its residents. Residences will start at $1.2 million, and the exclusive developer sales brokerage for the project is One World Properties.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $77,000,000
• Lender: Bank OZK
• Landlord: Aria Development Group, Largo, and Place Projects
• Lender's Representative: King & Spalding
• Landlord's Representative: Hunton Andrews Kurth & The Aztec Group
• Address: 2200 Brickell Avenue
• Market: Miami

Greg Newman from Bank OZK serves as the lender's representative in this deal, while David Arditi from Aria Development Group and Joe Furst from Largo & Place Projects act as the landlords. The lender's representative is King & Spalding, and the landlord's representatives are Hunton Andrews Kurth and The Aztec Group. This collaboration between various entities aims to bring 2200 Brickell to life, offering luxurious residences with a strong emphasis on wellness and curated amenities.