Over $565 million in construction financing was recently secured for a Miami ultra-luxury condo tower.
JLL’s Capital Markets group announced that it secured $565.35 million in construction financing for The Residences at 1428 Brickell, an ultra-luxury 70-story condominium tower in Miami’s prestigious Brickell Financial District. JLL represented the borrower, Y-Tech, in arranging the 4.25-year, floating-rate loan through JP Morgan and Sculptor.
The Residences at 1428 Brickell will feature 195 exclusive homes in two- to four-bedroom plus den floor plans, providing 1,800 to 8,900 square feet of space. Designed by world-renowned Antonio Citterio of ACPV Architects and Arquitectonica, the tower will be the first-ever high-rise residential building in the world to be partially powered by the sun, featuring a solar backbone on the west façade with over 500 photovoltaic-integrated glass panels comprising nearly 20,000 square feet of energy-producing glass. The Residences at 1428 Brickell have been thoughtfully sequenced to provide estate-inspired living with elevated experiences, privacy and lifestyle-enhancing features.
The South Florida development will offer an unprecedented 80,000 square feet of amenities dedicated exclusively to residents, including resort-level pools, a two-story Owners Club, wellness facilities and a rooftop observatory.
The Residences at 1428 had strong pre-sales, demonstrating strong market demand for ultra-luxury product in Brickell. Unit interiors will include specialized Gaggenau appliance packages, Arclinea and Vaselli cabinetry and natural stone and marble throughout.
The development team includes ACPV Architects and Arquitectonica as architects, Coastal Construction as general contractor and Cervera Real Estate handling sales. The project broke ground in November 2024, completed the largest mat foundation pour ever executed in Brickell in September 2025, and is slated for project delivery in Q4 2028.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Melissa Rose, Brian Gaswirth and Christopher Peck, Director Paul Adams and Associate Nicole Diaz.
“We’re excited to partner with Y-Tech on this groundbreaking project that represents the future of luxury residential development in Miami,” said Rose. “The strong presales performance, world-class design team and innovative sustainability features position 1428 Brickell as a landmark addition to Miami’s skyline.”
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers.
