Oak Row Equities and LNDMRK Development Top Off 2900 Terrace Luxury Rental Tower Coming To Edgewater
Oak Row Equities and LNDMRK Development have reached a major construction milestone at 2900 Terrace, topping off the 32-story luxury rental tower in Edgewater.
Located at 401 NE 29th Street, the development will introduce 324 upscale rental residences designed around spacious floor plans, condominium-quality finishes, and indoor-outdoor living. Delivery is currently expected in the fourth quarter of 2027.
The project adds another significant residential development to one of Miami’s fastest-changing neighborhoods, where new luxury rental and condominium towers continue to reshape the waterfront district.
2900 Terrace Reaches Construction Milestone
The topping-out of 2900 Terrace marks the completion of the tower’s vertical structure and brings the development one step closer to welcoming residents.
Erik Rutter, Co-Founder and Managing Partner of Oak Row Equities, said the project was conceived to respond to the way people increasingly want to live in Miami, combining generous residences, carefully considered design, extensive amenities, and convenient access to the city.
Oak Row Equities has more than $3.9 billion of development underway or completed across South Florida. The company is also active nearby with 2600 Biscayne, a planned 41-story mixed-use tower that will include 399 luxury rental residences alongside office and retail components.
Spacious Rental Residences Designed Like Condos
Designed by Arquitectonica, with interiors by Vida Design and construction led by Coastal Construction, 2900 Terrace is placing a strong emphasis on space and residential comfort.
The tower will offer one-, two-, and three-bedroom residences averaging approximately 1,069 square feet. Select homes will also include dens and enclosed studios, providing additional flexibility for residents who work from home or require dedicated multipurpose spaces.
Expansive balconies will extend across the length of the residences, creating substantial outdoor living areas. Floor-to-ceiling windows in select bedrooms will bring in abundant natural light while framing views toward Biscayne Bay.
Kitchens in select layouts will feature dedicated pantry storage, while high-end appliances and condominium-level finishes are intended to elevate the everyday rental experience.
LNDMRK Development Focuses on Edgewater’s Evolution
Alex Karakhanian, Principal of LNDMRK Development, said 2900 Terrace reflects Edgewater’s transformation into one of Miami’s increasingly desirable residential neighborhoods.
The project combines larger residences with expansive outdoor areas and an amenity package centered around wellness, lifestyle, work-from-home functionality, and social experiences.
LNDMRK Development is a principal-focused real estate company specializing in mixed-use urban development and opportunistic, value-oriented acquisitions, led by Karakhanian.
Resort-Style Amenities Across 2900 Terrace
The amenity program at 2900 Terrace is designed to accommodate a broad range of daily activities, from fitness and relaxation to working, entertaining, and socializing.
- Fitness center, spa, yoga facilities, and a hammam
- Resort-style pool, pool lounge, and padel courts
- Coworking and meeting spaces for remote professionals
- Cinema, private dining room, and clubroom
- Dedicated spaces designed for families and content creators
The combination of wellness, recreation, entertainment, and flexible workspaces reflects the growing demand for rental communities that function as comprehensive lifestyle destinations rather than simply places to live.
For buyers and investors tracking the neighborhood’s growth, explore Miami real estate market trends and Edgewater Miami real estate.
Condo-Level Living With Rental Flexibility
According to David Weitz, 2900 Terrace is intended to combine the design quality typically associated with condominium properties with the flexibility and convenience of professionally managed rentals.
That positioning could appeal to renters seeking larger homes, elevated finishes, extensive amenities, and a more service-oriented residential environment without the long-term commitment associated with purchasing a condominium.
The focus on spacious floor plans and private outdoor areas further differentiates the project from more conventional apartment offerings in Miami.
A Waterfront Location in Edgewater
2900 Terrace is positioned east of Biscayne Boulevard and approximately one block from Biscayne Bay, providing residents with a waterfront setting while remaining close to Miami’s urban core.
The development will also offer convenient access to the Baywalk, a public waterfront promenade extending along Biscayne Bay. Major transportation routes, including Biscayne Boulevard and Interstate 95, connect the neighborhood with some of Miami’s most prominent employment, entertainment, and cultural districts.
The location places residents within easy reach of Miami Design District, Wynwood, Brickell, Downtown Miami, and Miami Beach.
For those considering the broader residential market, Miami luxury real estate provides additional insight into developments across the city.
Why 2900 Terrace Matters for Miami Renters
The topping-out of 2900 Terrace comes as Edgewater continues to attract significant residential investment. The neighborhood’s combination of waterfront access, proximity to major employment centers, and growing collection of luxury developments has made it increasingly competitive with established Miami residential districts.
2900 Terrace is particularly notable for its focus on rental living at a scale and level of finish more commonly associated with condominium developments.
Its combination of larger residences, expansive balconies, resort-style amenities, and a central waterfront location positions the project to appeal to renters seeking a premium Miami lifestyle with greater flexibility.
FAQs
- What is 2900 Terrace in Miami?
2900 Terrace is a 32-story luxury rental development coming to Miami’s Edgewater neighborhood with 324 residential units. - Who is developing 2900 Terrace?
Oak Row Equities and LNDMRK Development are jointly developing the project. - Where is 2900 Terrace located?
The development is located at 401 NE 29th Street in Edgewater, east of Biscayne Boulevard and approximately one block from Biscayne Bay. - What types of residences will 2900 Terrace offer?
The project will feature one-, two-, and three-bedroom rental residences, with select layouts offering dens and enclosed studios. - What amenities will be available at 2900 Terrace?
Amenities will include a fitness center, spa, yoga and hammam facilities, pool, padel courts, coworking spaces, cinema, private dining room, and clubroom. - When will 2900 Terrace be completed?
The luxury rental tower is currently anticipated to deliver in Q4 2027. - How large are the residences at 2900 Terrace?
Residences will average approximately 1,069 square feet, with select layouts offering additional flexible living space. - Why is Edgewater becoming popular for luxury rentals?
Edgewater offers waterfront living, proximity to Biscayne Bay, and convenient access to Downtown Miami, Brickell, Wynwood, the Design District, and Miami Beach.
