Real Estate Development·OPP-000016
Brickell Office Conversion to Residential
Capital Required
$38M – $42M
Target Return
19% IRR
Miami, United States
Ground-up 8-story mixed-use building in Wynwood Arts District. 120 apartments (80% market-rate, 20% workforce), 18,000 sqft retail, and structured parking.
Site is a 1.4-acre assemblage at NW 2nd Ave and 24th St, currently surface parking. Permits expected Q3 this year.
Pro-forma rents underwrite to $3.85 PSF average — at the 70th percentile of recent Wynwood comps.
Capital stack is 65% senior debt, 25% LP equity, 10% sponsor co-invest with a 5-year hold to refinance + dispose.
Mixed-use tower developer with an active South Florida pipeline.
Public documents are available below. Private documents — pitch deck, financial model, contracts — unlock after Skyline Tower Developers approves your access request.