Oak Row Equities and LNDMRK Development have reached a major construction milestone at 2900 Terrace, a 32-story luxury rental tower in Miami’s Edgewater neighborhood. The project will deliver 324 residences designed around spacious layouts, elevated finishes, indoor-outdoor living and a broad mix of wellness, work and lifestyle amenities. Completion is expected in the fourth quarter of 2027.
Key takeaways
- The 32-story tower has topped out at 401 NE 29th Street.
- The development will include 324 one-, two- and three-bedroom rental residences.
- Homes will average approximately 1,069 square feet, with select dens and enclosed studios.
- Amenities will include a pool, spa, fitness center, cinema, coworking areas and padel courts.
- Arquitectonica designed the building, with interiors by Vida Design and construction by Coastal Construction.
The topping-out milestone marks the completion of the tower’s main structural frame and moves 2900 Terrace into a later phase of construction. The development is planned as a professionally managed rental community with design features typically associated with luxury condominiums.
Residences designed for larger-scale living
2900 Terrace will offer one-, two- and three-bedroom residences, including select plans with dens and enclosed studios. The homes will average 1,069 square feet, with layouts intended to provide more space than many conventional rental offerings.
Wider living rooms, floor-to-ceiling windows in select bedrooms and balconies extending across the length of each residence will emphasize natural light and outdoor living. Kitchens will include dedicated pantry storage in certain layouts, along with high-end appliances and condominium-level finishes.
A broad amenity program
The project’s amenities are planned to support fitness, relaxation, entertainment and working from home. Wellness features will include a fitness center, spa, yoga areas and a hammam. Outdoor amenities will be organized around a swimming pool, pool lounge and padel courts.
Residents will also have access to coworking and meeting spaces, a cinema, private dining room and clubroom. Dedicated areas for families and content creators are intended to reflect the changing ways residents use their homes and shared spaces.
Edgewater location adds waterfront access
Located at 401 NE 29th Street, 2900 Terrace will sit east of Biscayne Boulevard and approximately one block from Biscayne Bay. The location provides access to the Baywalk waterfront promenade while maintaining connections to major roads and nearby employment and cultural districts.
Biscayne Boulevard and Interstate 95 link the property with the Design District, Wynwood, Brickell, Downtown Miami and Miami Beach. The project is part of Edgewater’s continuing transformation into a major residential area near Miami’s urban core.
Developers expand Edgewater presence
Oak Row Equities, led by Erik Rutter and David Weitz, has more than $3.9 billion in South Florida development activity. The company is also developing 2600 Biscayne in Edgewater, a planned 41-story mixed-use tower with 399 rental residences, office space and retail components.
LNDMRK Development, led by Principal Alex Karakhanian, focuses on mixed-use urban development and value-oriented real estate acquisitions. Together, the firms are positioning 2900 Terrace as a high-end rental option for residents seeking condominium-style design and services without purchasing a unit.