Cushman & Wakefield has arranged $250 million in construction financing for Brickell Starlite, a luxury multifamily development in Miami’s Brickell neighborhood. The firm represented a development partnership between Focus and Group Fox in the transaction.
The financing was secured from Affinius Capital. Both Focus and Group Fox are Chicago-based real estate firms.
The Cushman & Wakefield team advising on the transaction included Chris Lentz, Jeff Altenau, Chris Moyer, Susan Tjarksen, and Marc Royer. The team worked closely with the developers to structure the financing for the large-scale residential project.
“With an unparalleled location in the heart of Miami’s most sought-after neighborhood, Brickell Starlite is uniquely positioned to redefine luxury apartment living in one of the nation’s strongest multifamily markets,” said Focus’ CEO and Founder Tim Anderson. “Brickell continues to solidify its reputation as a global epicenter for finance, culture and lifestyle, attracting affluent professionals and international residents seeking premium housing. Despite surging demand, new multifamily supply in Brickell, the most prominent submarket in Miami, remains extraordinarily limited, creating a significant opportunity for new development.”
Group Fox highlighted the long-term value potential of the Brickell submarket. The firm cited location fundamentals and limited new supply as key drivers behind the investment decision.
“We target superior opportunities in locations with highly sustainable value. Brickell Starlite is a dream come true in this regard, and we’re excited to participate alongside a host of top-tier team members with the utmost talent and professionalism,” said Brad Muth, CEO of Group Fox.
Cushman & Wakefield noted that Brickell has seen relatively limited new multifamily construction in recent years. As a result, demand for high-quality rental housing has continued to outpace available inventory.
Added Chris Lentz, Cushman & Wakefield Executive Director, “With the seasoned expertise of Focus and Group Fox, Brickell Starlite benefits from a development and management team with a proven track record of delivering high-quality, high-performing assets across the U.S. The property addresses the need for new multi-housing supply in a submarket that has seen minimal construction activity in recent years. Brickell Starlite fills a critical gap in the market by delivering much-needed inventory to Miami’s most desirable submarket. Brickell Starlite is perfectly positioned to redefine multifamily luxury while addressing the growing needs of residents seeking premium urban living.”
Brickell Starlite is located at 125 SW 8th Street in Miami. Construction is expected to begin before the end of the year.
The project will include 517 Class A+ residential units across a 39-story tower. It is designed to serve Brickell’s high-income, urban demographic and will feature a range of amenities aligned with market expectations for luxury rental housing.
Cushman & Wakefield is a global commercial real estate services firm serving property owners and occupiers. The company operates in nearly 400 offices across 60 countries and employs approximately 52,000 people worldwide.
In 2024, the firm reported revenue of $9.4 billion across its core service lines, including services, leasing, capital markets, and valuation. The company operates under the belief that “Better never settles” and has received multiple industry recognitions for its workplace culture.
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