Business
JLL secures over $565M in construction financing for ultra-luxury condominium tower in Miami
JLL's Capital Markets group announced today that it has 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.
About this update from Jones Lang Lasalle Incorporated
[{"type":"text","content":"Construction loan arranged for Y-Tech's The Residences at 1428 Brickell in Miami's Financial District","length":109,"tagName":"p"},{"type":"text","content":"MIAMI, Nov. 3, 2025 /PRNewswire/ -- JLL's Capital Markets group announced today that it has 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.","length":281,"tagName":"p"},{"type":"image","alt":"1428 Brickell","displaySize":"","headline":null,"caption":"1428 Brickell","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":195,"url":"https://media.zenfs.com/en/prnewswire.com/273050ee645899db302b3cdf9ad08d84"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bmoIKLfjwgN39B776fdRbg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/273050ee645899db302b3cdf9ad08d84","width":400,"height":195}},"href":"https://mma.prnewswire.com/media/2812426/JLL_Secures_Financing_1428_Brickell.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"JLL represented the borrower, Y-Tech, in arranging the 4.25-year, floating-rate loan through JP Morgan and Sculptor.","length":116,"tagName":"p"},{"type":"text","content":"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.","length":682,"tagName":"p"},{"type":"text","content":"The 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.","length":213,"tagName":"p"},{"type":"text","content":"As of October 2025, The Residences at 1428 is 57% presold, dem...