Oak Row Equities and LNDMRK Development have topped out 2900 Terrace, a 32-story luxury rental development in Miami’s Edgewater neighborhood. Located at 401 NE 29th Street, 2900 Terrace will bring 324 luxury rental residences pairing generously proportioned homes with thoughtful, condo-level design and an emphasis on indoor-outdoor living. The project is anticipated to deliver in Q4 2027.
Oak Row Equities is a leading vertically-integrated real estate private equity and development company with over $3.9 billion of development in South Florida led by Erik Rutter and David Weitz. In Edgewater Oak Row Equities is also developing 2600 Biscayne, a 41-story mixed-use tower featuring 399 luxury rental residences, along with office and retail space.
LNDMRK Development is a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions led by Alex Karakhanian.
“Topping out 2900 Terrace is an exciting step forward as we move closer to delivering a truly differentiated residential experience in Edgewater,” said Erik Rutter, Co-Founder and Managing Partner of Oak Row Equities. “Our vision has been to create a property that reflects how people want to live in Miami today, combining spacious residences and thoughtful design with exceptional amenities and easy access to everything the city has to offer.”
Designed by Arquitectonica, with interiors by Vida Design and construction led by Coastal Construction, 2900 Terrace will feature one-, two- and three-bedroom residences averaging 1,069 square feet, with select layouts featuring dens and enclosed studios. Thoughtfully scaled layouts set the residences apart from typical rental offerings, with wider living rooms, expansive balconies spanning the length of the home and floor-to-ceiling windows in select bedrooms that maximize natural light and frame views of Biscayne Bay. Kitchens will feature dedicated pantry storage in select layouts, while condo-level finishes and top-of-the line appliances bring an elevated level of design and functionality to everyday living.
“2900 Terrace reflects the continued evolution of Edgewater into one of Miami’s most desirable residential neighborhoods,” said Alex Karakhanian, Principal of LNDMRK Development. “With spacious residences, condo-level finishes, expansive outdoor living and a robust collection of wellness, lifestyle and work-from-home amenities, the project is designed around how residents want to live in Miami today.”
The development’s amenity program is designed to support the many ways residents live, work and spend their time at home. Wellness offerings will include a fitness center, spa, yoga and hammam facilities, while outdoor spaces will center around the pool, pool lounge and padel courts. Residents will also have dedicated spaces for work, entertainment and gathering, including coworking and meeting spaces, a cinema, private dining room and clubroom, with dedicated areas for families and content creators rounding out the experience.
“2900 Terrace brings together the quality of a condominium with the flexibility and convenience of a professionally managed rental building,” said David Weitz, Co-Founder and Managing Partner of Oak Row Equities. “We put a strong emphasis on design and service to make the property, and its amenities feel like a true extension of home. Combined with its location in Edgewater, we believe 2900 Terrace offers a compelling new standard of living for renters in Miami.”
Situated in Edgewater, 2900 Terrace is located east of Biscayne Boulevard and one block away from Biscayne Bay, offering residents a quieter waterfront setting with convenient access to Miami’s urban core. Residents will be steps away from the Baywalk, a public waterfront promenade along Biscayne Bay, while nearby Biscayne Boulevard and I-95 provide connectivity to surrounding submarkets and employment centers including the Design District, Wynwood, Brickell, Downtown, and Miami Beach.
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Oak Row Equities and LNDMRK Development have topped out 2900 Terrace, a 32-story luxury rental development in Miami’s Edgewater neighborhood. Located at 401 NE 29th Street, 2900 Terrace will bring 324 luxury rental residences pairing generously proportioned homes with thoughtful, condo-level design and an emphasis on indoor-outdoor living.