Erik Rutter And David Weitz Of Oak Row Equities Acquire Brickell Development Site For $520M

1001 Brickell Bay Drive & 1111 Brickell Bay Drive

$520,000,000

Building Size

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Asset Type

Development Site

Closing

Dec 23, 2025

AI

A 4.24-acre development site located at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami has been sold for $520 million. The property is situated in a notable market with considerable potential for luxury hotel and branded residential development.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $520,000,000
Buyer: Erik Rutter & David Weitz - Oak Row Equities; Vlad Doronin - OKO Group; Martin Franklin - Mariposa Real Estate
Brokers: Robert Given & Troy Ballard - CBRE
Lender: Adi Chugh - TYKO Capital; Paul Singer - Elliott Investment Management

The deal involved multiple prominent entities in the real estate sector. Oak Row Equities, OKO Group, and Mariposa Real Estate collaborated on this transaction, while CBRE represented the interests of the buyers. The financing for this acquisition was facilitated by TYKO Capital and Elliott Investment Management, highlighting significant investment backing for the project.