MIAMI–(BUSINESS WIRE)–Today, Carpe Real Estate Partners, a vertically integrated private equity and real estate development firm, founded by Erik Rutter and David Weitz in 2018, announced a name change to Oak Row Equities. The name change comes as the company continues to mature since its launch in 2018 with property under management now at over three million square feet in development and $1 billion in assets under management. In addition to the rebranding, Oak Row Equities announced that it had completed the acquisition of a 2.1-acre site on one of the last undeveloped blocks in the urban core. The company has acquired 2600 Biscayne Boulevard in Miami’s popular Edgewater neighborhood for a mixed-use development designed by architectural firm Arquitectonica. Oak Row Equities is one of Miami’s fastest growing real estate development companies with active projects in Wynwood, North Miami Beach, Edgewater and the Design District.
Carpe Real Estate Partners rose to fame in Miami for its complex adaptive reuse project The Oasis. The company has converted a former warehouse into a 24/7 destination, adding an instant classic to both Wynwood’s famed arts district and Miami’s cultural scene. The Oasis is a sprawling green campus with creative offices, a bustling entertainment venue with an outdoor stage for live performances, an alfresco dining venue, 35K SF of landscaped space, synergistic retail and restaurants. The Oasis is home to Spotify’s South Florida headquarters. At the time, it was the largest lease signed outside of Downtown Miami to a non-coworking tenant at the highest rent per foot.
The inspiration for the Oak Row Equities name comes from the row of oak trees lining the entrance to The Oasis, which was the partners’ first large landscape installation. The entrance is both whimsical and welcoming and is an example of a public space built with the concept of community first. The main focal point of the Oasis is a 75-foot-tall “Tower Bar” made up of refurbished shipping containers with a colorful mural by Antonio Marest that can be seen throughout Wynwood. Storytelling through artwork and creating a platform for artists remains inherent to the philosophy of Oak Row Equities.
“Our company’s maturation into Oak Row Equities has been incredibly meaningful, both personally and professionally. The City of Miami and North Miami Beach have welcomed and embraced our vision. Working with the community and local government has a profound impact on each of our real estate projects for the better,” says Erik Rutter, Managing Partner of Oak Row Equities. “We are grateful for the opportunity to contribute to the fabric of this incredible city by continuing to advance the built environment. »
The company’s latest acquisition is 2600 Biscayne Boulevard. Oak Row Equities has just closed on the 2.1 acre site in the highly desirable waterfront neighborhood of Edgewater. Oak Row Equities plans to build a mixed-use project with 399 residences, approximately 160,000 rentable SF of office space and 6,500 rentable SF of retail space. The site is one block from the planned Brightline commuter rail. 2600 Biscayne will be designed by award-winning local architecture firm Arquitectonica. Oak Row Equities has already pre-leased a third of the offices at 2600 Biscayne. Alex Karakhanian’s lndmrk Development is a development partner.
“We continue to be impressed with the city’s unwavering commitment to innovation, talent acquisition, job growth and quality of life,” said David Weitz, managing partner of Oak Row. Equities, who was recently named chairman of the Wynwood Business Improvement District (BID). “Our acquisition of Edgewater is the latest in our growing portfolio as we continue to work on plans to identify new sites where we can further contribute to the growth and needs of this thriving city.”
Earlier this year, Oak Row Equities obtained city planning and zoning board approvals to develop a 660,000 square foot, 440 residence rental project at 2060 Northeast 164th Street on a 1.1 acre in North Miami Beach. The project will feature approximately 11,000 square feet of carefully curated retail space, 499 parking spaces, and spectacular amenities including an outdoor swimming pool and state-of-the-art fitness center. A local artist is commissioned to design a large-scale mural outside the Venus parking structure, located between Aventura and downtown Miami, adjacent to Biscayne Boulevard and the 163rd Street corridor.
Oak Row Equities is also developing the Wynwood Plaza, located on 2.85 acres at Wynwood & Wynwood Norte, which has been assembled from 15 parcels. Wynwood Plaza is a joint venture with L&L Holding Company that will consist of approximately 1 million gross square feet of highly appointed apartments, Class A offices, retail and parking lots, oriented around an open-air plaza of 25,000 square feet designed by James Corner Field Operations, the architect of New York’s High Line.
Oak Row Equities is actively identifying submarkets in South Florida poised for outsized growth. To inquire about rental and transaction opportunities, contact [email protected]
About Oak Row Stocks:
Oak Row Equities is a vertically integrated private equity and real estate development company. Founded in 2018 by Erik Rutter and David Weitz with offices in New York and Miami, Oak Row Equities has expertise in acquisitions, development, architecture, construction, asset management, leasing and accounting . Since its inception, Oak Row Equities has acquired over $1 billion in assets and is under development on over three million square feet of Class AAA real estate.