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Oak Row Equities is planning to build a luxury multifamily tower across the street from MiamiCentral Station, the downtown Miami hub where all four major train systems in South Florida meet. The private equity and real estate development company, with offices in NYC and Miami, announced this week that it has acquired a site at 49 NW 5th Street for $38.5M in an off-market deal. The 700K SF, 500-unit tower, called First & Fifth, will be designed by Hollywood-based architecture firm ODP.