Oak Row buys site for 45-story apartment tower in downtown Miami

Oak Row Equities recently acquired 49 NW 5th St. in downtown Miami, where it plans to develop First & Fifth, a 45-story luxury apartment tower. The private equity and real estate development company purchased the site for $38.5 million off-market. The property is located across from MiamiCentral Station, the hub of South Florida’s four main train systems: Brightline, Metrorail, Tri-Rail and the Metromover, and features a “perfect” transit score of 100…