Juneau Construction Company and PMG Break Ground on One Twenty Brickell Residences in Miami

Miami’s Brickell neighborhood is set to welcome a new luxury development as Juneau Construction Company and Property Markets Group (PMG) officially break ground on One Twenty Brickell Residences. This dual-tower mixed-use project promises to redefine modern city living with its blend of high-end condominiums and rental apartments and will add to the vast options for luxury condo complexes in Brickell.

A Landmark Development in Brickell

Located at 120 SW 8th Street, One Twenty Brickell Residences will feature two towers designed by Sieger Suarez Architects, with interiors crafted by Cotofana Designs. The first tower will rise 37 stories, offering 266 fully furnished condominiums, each accompanied by a deeded office suite. The second tower, standing 41 stories, will house 537 rental units managed by Sentral Management Platform.

The development will also include more than 10,000 square feet of retail space and 606 parking spaces, ensuring convenience for residents and visitors alike. The two towers will be connected by a shared podium, integrating their design and amenities seamlessly.

Luxury Living with Unmatched Amenities

Residents of One Twenty Brickell Residences will enjoy an extensive array of amenities tailored for both relaxation and productivity. The condominium tower will feature 60,000 square feet of exclusive amenities, including:

• A sky bar with panoramic views
• Elegant lobbies and conference rooms
• Modern office spaces with private elevators
• State-of-the-art fitness centers
• Pool decks, hot and cold plunge pools, and indoor spa facilities

Meanwhile, the rental tower will offer 48,000 square feet of amenities, including:

• A concierge service
• Fitness center and coworking spaces
• Grilling terrace and lounges
• A resort-style pool and hot tub

Strategic Financing and Market Impact

PMG secured a $413 million construction loan from Ares Real Estate Fund and Monarch Alternative Capital, marking the largest financing deal in South Florida this year. The strong demand for luxury residences in Brickell is evident, with 91% of the condominium units already pre-sold.

PMG’s decision to incorporate both condominiums and rental apartments reflects a strategic shift to meet market demand. Originally planned as a single 46-story tower, the project evolved into a dual-tower development, offering a mix of ownership and rental opportunities.

Juneau Construction Company’s Role

As the general contractor, Juneau Construction Company will lead the construction efforts, ensuring the project’s vision becomes a reality. The company has a strong track record of delivering high-profile projects across the Southeast, emphasizing innovation, efficiency, and quality craftsmanship.

Juneau Construction Company will partner with PMG on this project to deliver sophisticated luxury living to Brickell and contribute to the continued growth and vitality in one of Miami's most dynamic neighborhoods.

Looking Ahead

With construction officially underway, One Twenty Brickell Residences is expected to be completed by 2028. Its prime location near Brickell City Centre and Mary Brickell Village ensures residents will have easy access to Miami’s best shopping, dining, and entertainment options.

This groundbreaking marks a significant milestone in Miami’s evolving skyline, reinforcing Brickell’s reputation as a hub for luxury living and urban sophistication.