Oak Row Equities and LNDMRK Development Top Off 2900 Terrace Luxury Rental Tower Coming To Edgewater

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.

Past PROFILEmiami articles about 2900 Terrace:

For more information about 2900 Terrace please fill out the form below:

Wynwood Welcomes Frida Kahlo Wynwood Residences

Known for its creative spirit and undeniable influence on emerging artists, Wynwood has long since stood as a haven for everything new, bold, and unconventional. As the district has grown, that same passion has seeped into the architecture and design defining its emerging skyline.

The latest example of this is the newly launched first-ever Frida Kahlo Wynwood Residences. Developed by Property Markets Group (PMG) and LNDMRK Development, this iconic residential, 244-residence building will infuse Frida Kahlo’s indelible artistic legacy into Wynwood. With sales now underway, buyers and admirers of Kahlo alike have an exclusive opportunity to own a truly unique property in one of Miami’s fastest-growing submarkets.

A Canvas for Everyday Living

Frida Kahlo Wynwood Residences presents a wide range of floor plans, accommodating everyone from the budding artist to young professionals placing their roots in the neighborhood. Each fully finished and furnished studio- to three-bedroom suite includes refined finishes by Cotofana Designs, custom ITALKRAFT cabinetry, and premium appliance packages to seamlessly elevate everyday living. Select homes feature generous dens, ideal for creative work or flexible living, as well as private balconies with sweeping views over the vibrant Wynwood streetscape. Select homes also come with deeded office suites for those seeking additional space for their creative or business pursuits.

In addition to these features, the luminous interiors throughout the building are punctuated by moments of visual contrast, creating a sophisticated interplay of light and shadow throughout each residence. Subtle, expressive design details quietly nod to Frida Kahlo’s influence at each turn, balancing her artistic eye with intention, soft curves, and graceful beauty.

Introducing the Future of Home Healthcare

In addition to intentionally appointed homes, Frida Kahlo Wynwood Residences includes a selection of intentionally appointed amenity spaces to ensure residents can live life by expression with ease. Located on the ground floor of the tower, residents will be able to do just that thanks to Baker Health, a New York-based premier concierge primary care and holistic wellness platform making its grand entrance into Florida. Designed as a concierge-style wellness destination, Baker Health’s facility and online platform will provide a comprehensive suite of personalized services that place prevention, accessibility, and comfort at the forefront of care.

Its hospitality-driven model removes traditional barriers to healthcare by seamlessly blending advanced technology with a thoughtful, human-centered approach. From effortless scheduling to 24/7 direct access to physicians, every detail is designed to anticipate residents’ needs and elevate their overall well-being, delivering care that feels both sophisticated and deeply attentive.

As an exclusive benefit, all residents will receive a complimentary Baker Health membership during their first year of occupancy, followed by preferred rates for the duration of their residency. Members enjoy access to primary care, pediatrics, and integrated wellness services under one roof, along with personalized care plans that support long-term physical and mental health.

Spaces Built to Thrive

Beyond the Baker Health facility, residents are treated to numerous amenitized experiences where they can further their wellness journey and engage with their community. These include a luxurious resort-style pool with shaded lounge areas nestled among lush landscaping and an outdoor bar and lounge space, a signature thermal circuit with steam, sauna, and treatment rooms with a cold plunge, and a state-of-the-art fitness studio.

Once wellness goals are met, residents can unwind and enjoy their surroundings at “Diary,” a speakeasy bar inspired by the intimate spirit of Frida Kahlo’s diary, inside the lobby of Frida Kahlo Wynwood Residences. Designed as an homage, not a reproduction, this intimate, layered, and immersive environment will envelope residents and visitors from the moment they step indoors with the raw emotion, bold artistry, and rich symbolism that defined her work. There will also be a curated collection of custom art installations reflecting and paying homage to Wynwood’s artistic heritage.

Where Creativity Lies

Perfectly positioned in the heart of Wynwood, Frida Kahlo Wynwood Residences is at the center of the area’s most celebrated cultural landmarks and everyday experiences.

Iconic destinations such as Wynwood Walls, the Museum of Graffiti, and The Margulies Collection at the Warehouse are all within easy walking distance, bringing world-class art and creativity to residents’ doorstep. Wynwood’s highly walkable streets invite exploration as well, from acclaimed restaurants and buzzy cocktail bars to independent cafés, galleries, and fitness studios.

Beyond Wynwood, residents are within reach of Miami’s most sought-after neighborhoods. Downtown Miami, the Design District, and Miami Beach are all just minutes away, offering effortless connections to luxury shopping, waterfront destinations, and the city’s broader cultural and recreational landscape.

Wynwood’s Next Chapter

Frida Kahlo Wynwood Residences captures the next level of artistic innovation that reflects Wynwood’s dynamic and vibrant energy. With a design inspired by the legendary artist Frida Kahlo, this tower is a new interpretation of the cultural icon.

PMG Residential is the exclusive team leading sales for Frida Kahlo Wynwood Residences. For more information and to schedule a tour of the gallery, located at 1018 N Miami Ave. Miami, FL 33136, please visit https://fridakahloresidences.com/ or call 786-833-7967.

Images via ARX Creative

Past PROFILEmiami articles about Frida Kahlo Wynwood Residences:

For more information about Frida Kahlo Wynwood Residences or to inquire about purchasing a unit please fill out the form below:

PMG and LNDMRK Development Break Ground on Twenty Sixth & 2nd Wynwood Residences After Securing $126 Million Construction Loan

National developer PMG and LNDMRK Development have broken ground on Twenty Sixth & 2nd Wynwood Residences after securing $126 million in construction financing for the eight-story boutique condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood. The property will consist of 233 fully finished and furnished residences, including select units delivered with deeded office suites, and will allow owners to host on Airbnb 365 days a year.* Construction financing was provided by Madison Realty Capital and Siguler Guff. The property is 73% sold, with expected completion in Q2 2028. PMG Residential exclusively represents sales for the project.

The transaction was led by PMG's Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion, in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Randy Barcelo, Amanda Bennis, and Nicholas Risi at Stearns Weaver Miller Weissler Alhadeff & Sitterson served as PMG’s transactional counsel. Javier Aviñó and Andres Rivero at Bilzin Sumberg served as PMG’s land use counsel.

“Wynwood has become one of Miami’s most compelling cultural and residential districts, and we are excited to advance toward its next chapter with the support of repeat capital partners and our dedicated construction team,” said Ryan Shear, Managing Partner at PMG. “When combined with the added flexibility offered through our partnership with Airbnb, Twenty Sixth & 2nd Wynwood Residences’ offerings are second-to-none for those wishing to experience one of Miami’s top destinations on a yearly basis. We’re confident it will help set a new standard for modern urban living in Wynwood and across South Florida.”

Twenty Sixth & 2nd Wynwood Residences will be the first building to allow owners to host both their residence and private office on Airbnb year-round, supported by full-service on-site management that combines hospitality-level service with ownership flexibility. Each dedicated glass-paneled private office boasts a range of features to make working convenient for residents, including locking access, a desk and chair, and pre-wiring for TVs. The office space also comes equipped with well-appointed conference rooms, lounge areas, and a kitchen.

Designed by architecture firm CUBE 3, Twenty Sixth & 2nd Wynwood Residences reflects the artistic character and creative rhythm of Wynwood while introducing a new standard for flexible urban living. Residences range from thoughtfully designed studios to expansive one-bedroom homes with dens, with pricing from $500K to $1 million with sales overseen by PMG Residential. Interiors will include fully built-out closets, premium appliance packages, Italian bathroom cabinetry by ITALKRAFT, fixtures by WaterWorks, in-unit washers and dryers, and contemporary lighting.

"Wynwood has undergone a remarkable transformation, and Twenty Sixth & 2nd is well-positioned to advance that momentum with a thoughtfully conceived, fully amenitized residential product in a neighborhood that has established itself as one of Miami's most sought-after destinations for both residents and visitors," said Josh Zegen, Co-Founder and Managing Principal of Madison Realty Capital. "We are proud to support PMG and LNDMRK, both of which are repeat borrowers with a strong track record of execution across Miami's most dynamic submarkets, and we look forward to seeing the project contribute to Wynwood's continued evolution."

Twenty Sixth & 2nd Wynwood Residences will feature over 32,000 square feet of wellness-focused amenities, including a glass house for meditation and yoga, tranquil gardens, a thermal circuit with steam, sauna and cold plunge, private treatment rooms, an invigorating rain shower, and a state-of-the-art fitness studio with advanced technology. Additional amenities include The Sky Swim Lounge, featuring an elevated rooftop pool with cabanas and lush landscaping, an outdoor bar and lounge, private alcoves with swing chairs, a private residential porte cochere with 24-hour valet service, sports equipment storage, on-site property management, and access-controlled entry points.

“Twenty Sixth & 2nd Wynwood Residences reflects the bold creativity and energy that define Wynwood,” said Alex Karakhanian, Principal of LNDMRK Development. “As we break ground alongside PMG, we are proud to bring a project that reimagines the connection between living and working in one of Miami’s most inspiring neighborhoods. We believe this development will further energize the neighborhood and offer a one-of-a-kind experience for both residents and visitors.”

The property will include 26,000 square feet of ground-floor retail with approximately 475 linear feet of frontage. ASG Equities, the seller of the land to the joint venture, will retain ownership of the retail component and hold a minority interest in the residential portion of the development. Further integrating the building with its community, Twenty Sixth & 2nd Wynwood Residences will also showcase a curated collection of custom art installations throughout its common spaces in homage to Wynwood’s artistic history.

The Wynwood Arts District in Miami has cultivated a thriving arts and culture scene with galleries, boutiques, and bold street art that represents the neighborhood’s vibrant, creative energy and raw dynamism. Twenty Sixth & 2nd Wynwood Residences will place residents in the center of this cultural hub, with easy access to community attractions such as the Wynwood Walls, Museum of Graffiti, and The Margulies Collection at the Warehouse in addition to modern bakeries, outdoor parks, eclectic markets, and top cuisine.

PMG Residential is the lead sales team exclusively representing sales for Twenty Sixth and 2nd Wynwood Residences.

*Hosting is subject to local laws and other restrictions. Office suites may not be listed on Airbnb independently. Any listing of an office suite on Airbnb must include the associated residential unit and cannot be listed separately from their corresponding residence.

Renderings via ARX Creative

PROFILE Developer Directory Project and Developer Pages:

Past PROFILEmiami articles about Twenty Sixth & 2nd Wynwood Residences:

For more information about Twenty Sixth & 2nd Wynwood Residences or to inquire about purchasing a unit please fill out the form below:

PMG and LNDMRK Development Reveal First Ever Frida Kahlo Wynwood Residences Designed by Carlos Ott

National developer PMG and LNDMRK Development have revealed the first-ever Frida Kahlo Wynwood Residences, an iconic residential development located in Miami’s cultural core, Wynwood. Inspired by the celebrated artist Frida Kahlo and designed by Carlos Ott in collaboration with CUBE 3, this sculptural landmark will consist of 244 luxury residences, with select residences accompanied by a deeded office suite. Additionally, Baker Health, a New York-based premier concierge primary care and holistic wellness platform, is set to debut its first location in Florida on the ground level of the property, bringing exclusive, on-demand healthcare around the clock to residents. PMG Residential is the exclusive team leading sales for Frida Kahlo Wynwood Residences.

“Wynwood has long stood at the core of Miami’s arts community, driving a bold creative energy and self-assured edge that reflects the fearless spirit of Frida Kahlo,” said Ryan Shear, Managing Partner at PMG. “This landmark residence unites her artistry with the visionary, highly regarded architectural design of Carlos Ott and the comprehensiveness of Baker Health’s exclusive wellness platform to create an unparalleled lifestyle driven by creative expression. We’re proud to partner with these dynamic teams to bring their visions together into one transformational building.”

Frida Kahlo Wynwood Residences’ concept design is led by Carlos Ott, a world-renowned conceptual artist celebrated for transforming bold visions into iconic, sculptural designs, in collaboration with CUBE 3. Interiors for the property will be designed by Cotofana Designs and exude a balance of fine artistry and creative intention throughout. The collection of fully finished and furnished studios to three-bedroom residences features fully built-out closets in primary bedrooms with pre-installed shelving and drawers, top-of-the-line appliance packages, fully integrated kitchens with custom countertops and backsplashes, and bathrooms outfitted with modern fixtures and custom cabinetry. Additionally, residences will have built-in, top-of-the-line washers and dryers along with a contemporary lighting package. Select residences will have spacious dens and private balconies with sweeping views of Wynwood. To accompany Wynwood’s continued evolution into a cultural hub, select residences will be accompanied by a deeded office suite, supporting meetings and moments of creativity or quiet reflection.

“The architecture that defines Frida Kahlo Wynwood Residences strikes a balance between softness and strength, using graceful curves to create a form that feels resilient, open, and artistic, yet deeply human,” said Carlos Ott. “It will emphasize the beauty of living and the spirit of its surroundings, delivering a bold structure that is pleasing to behold.”

As part of PMG’s overarching goal to create inspired residential developments, Frida Kahlo Wynwood Residences has partnered with Baker Health to provide residents with direct access to a comprehensive suite of holistic, concierge-style healthcare services. Baker Health’s preventive, personalized, hospitality-driven model removes common barriers to care, offering seamless support for both routine and urgent needs. As a key resident benefit, all unit owners will receive a free Baker Health concierge membership during their first year of occupancy, followed by exclusive discounted rates for the duration of their residency.

“Frida Kahlo Wynwood Residences’ focus on art and wellness aligns with Wynwood’s continued evolution,” said Alex Karakhanian, Principal of LNDMRK Development. “Its emphasis on residential quality, flexible office space, and strong architecture positions the project for the neighborhood’s next phase. We value our partnership with PMG and look forward to delivering another residential project in Wynwood.”

Beyond the home, Frida Kahlo Wynwood Residences offers thoughtfully curated amenities where creative inspiration meets purposeful, elevated living. Outdoor amenities include a luxurious resort-style pool, shaded lounge areas nestled among lush landscaping, and an inviting outdoor bar and social lounge. Indoors, a signature thermal circuit is available to promote an advanced means to care for one’s well-being. This space will include steam, sauna, and treatment rooms, as well as a cold plunge to reinvigorate and refresh. Nearby, a state-of-the-art fitness studio with the latest high-tech equipment will additionally help residents meet their fitness goals. Once wellness goals are met, residents can unwind and enjoy their surroundings at either the speakeasy lobby bar, offering an intimate, curated experience, or in the other common spaces showcasing a curated collection of custom art installations reflecting and paying homage to Wynwood’s artistic heritage. For those seeking a taste of Wynwood for themselves, short-term rental flexibility will also be offered at the property.

The Wynwood Arts District in Miami has cultivated a thriving arts and culture scene with galleries, boutiques, and bold street art that represent the neighborhood’s vibrant, creative energy and raw dynamism. Frida Kahlo Wynwood Residences will place residents in the center of this cultural hub, with easy access to community attractions such as the Wynwood Walls, Museum of Graffiti, and The Margulies Collection at the Warehouse in addition to modern bakeries, outdoor parks, eclectic markets, and top cuisine.

Images via ARX Creative

Past PROFILEmiami articles about Frida Kahlo Wynwood Residences:

For more information about Frida Kahlo Wynwood Residences or to inquire about purchasing a unit please fill out the form below:

Oak Row Equities and LNDMRK Development Lock Down $210.5 Million In Financing and Break Ground on 2900 Terrace in Miami's Edgewater Neighborhood

Oak Row Equities, 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, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions led by Alex Karakhanian, have broken ground on 2900 Terrace, a premier luxury multifamily tower in Miami’s vibrant Edgewater submarket. This milestone follows the successful closing of $210.5 million in construction financing this summer, including a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan provided by Canyon Partners Real Estate.

2900 Terrace has been meticulously designed by the preeminent architecture firm Arquitectonica to appeal to Miami’s most selective tenants. Its coveted location within the urban core is on one of the last undeveloped parcels east of Biscayne Boulevard. The building will feature protected Biscayne Bay views, an abundance of natural light, spectacular finishes, and exceptional private and shared outdoor spaces. Completion is anticipated by Q4 2027.

“2900 Terrace will up the caliber of multifamily product in Miami by orders of magnitude. We are thrilled to break ground and service a true market gap for oversized, condo-quality rentals that are purpose-built for discerning tenants,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities. “Commencing construction on 2900 Terrace is a significant milestone for our growing portfolio and we are eager to deliver an unparalleled rental experience to the city.”

Spacious one, two, and three-bedroom residences (324 in total) are crafted for design-conscious renters. Many offer large wraparound terraces and home offices. Interior finishes feature calming color schemes and opulent materials that evoke a sense of permanence rarely seen in multifamily towers. Residents will also benefit from concierge services and and abundance of convenient amenities.

The tower’s extensive amenity program spans two levels, with wellness as a guiding principle. Indoor amenities include a state-of-the-art fitness center, yoga studio, co-working spaces with podcast and content creator studios, card room, resident lounge, treatment rooms, sauna, golf simulator, theater, and a children’s playroom.

There is a south-facing landscaped deck which offers endless opportunities for entertaining and recreation. Outdoor amenities feature a stunning swimming pool, cold plunge, poolside cabanas and lounge seating, BBQ grills and picnic seating, a hot tub, summer kitchen, two padel courts, a children’s playground, and a co-working terrace.

Arquitectonica’s exterior design masterfully juxtaposes warm bronze-like accents with off-white tones throughout the exterior facade. Inventive material use brings a nuanced and textured effect to the lower portions of the facade, while perforated corrugated metal, reflective glass, and charcoal window frames and mullions create visual interest throughout.

Located on 1.5 acres, 2900 Terrace will feature a carefully-considered ground floor experience with sprawling landscaped areas set back more than ten feet from the street, offering a plethora of places to gather. Residents will arrive via a covered loggia, and the property will provide over 500 parking spots, including EV charging stations.

Edgewater offers an abundance of lifestyle amenities, including the lush eight-acre Margaret Pace Park, chic dining, and retail options. 29th Street has convenient pedestrian access to Wynwood and is just one block from a new Whole Foods and a future Brightline rail station. Wynwood, Midtown, and the Design District are just moments away. Miami International Airport, I-95, Miami Beach, and Brickell are all easily accessible from this prime location.

Oak Row Equities has rapidly ascended as a preeminent development firm in the South Florida real estate industry. Wynwood Plaza, home to Amazon’s South Florida headquarters and luxury rentals celebrated its grand opening last week. The firm is currently under contract on the largest single land acquisition in South Florida for a 4.25-acre waterfront property in Brickell for $520 million. World-caliber tenants in the portfolio include Amazon, Spotify, Equinox, Coastal Construction, and Ferraro Law, among many others.

PMG, Lion Development Group and LNDMRK Development Break Ground on One West Twelve Residences in Downtown Miami

National developer PMG, Lion Development Group, and LNDMRK Development have broken ground on One West Twelve Residences (ONE W12), a luxurious residential building in the heart of Historic Overtown, which officially commenced on October 1. The property features 372 bespoke residences boasting captivating views of both Miami’s iconic skyline and vibrant sunset vistas. Residents will have access to a dynamic lifestyle with centralized proximity to one of Downtown Miami’s fastest-growing neighborhoods. ONE W12 will additionally evoke iconic Miami glamour through a curated selection of engaging amenities and entertainment-oriented experiences for residents and the surrounding community. PMG Residential is leading sales for the project, which is currently 97% sold, and John Moriarity & Associates is the general contractor. Completion of ONE W12 is slated for 2028.

“This neighborhood has experienced tremendous growth and transformation over the past decade, and as a local business owner, it’s been a privilege to witness and to contribute to that with meaningful projects like ONE W12,” said Michael Simkins, CEO of Lion Development Group. “I couldn’t be prouder of the work that we are doing alongside our partners, PMG and LNDMRK. We are excited to celebrate this milestone and look forward to the many more ahead as we bring our vision to life.”

Notably, ONE W12 will be home to Vibe BBQ, an inviting quick-serve restaurant from acclaimed chef and eight-time James Beard Foundation award winner Marcus Samuelsson. Samuelsson’s restaurant Red Rooster Overtown further solidified the neighborhood as a top dining destination in South Florida while the concept has become a favorite among Miamians. The Vibe BBQ concept at ONE W12 will feature elements of ‘Miami flair’ in the form of an expanded lounge area and cocktail offerings. True to its core, Vibe BBQ will embody an all-day celebration of American comfort classics.

Designed by CUBE 3, ONE W12 will offer amenities focused on promoting a vivid, experiential lifestyle for residents and the local community. These amenities include an elegant lobby inspired by the glamour and playful spirit of the storied locale, an atmospheric rooftop garden and pool with lounge areas, a state-of-the-art fitness center, curated art installations throughout the property, the latest smart-building technology, and house cruiser bikes with storage.

“One West Twelve Residences underscores our continued commitment to creating engaging, community-focused developments that elevate and redefine the residential experience for years to come,” said Ryan Shear, Managing Partner at PMG. “This project is a fresh and design-forward concept that we are confident will complement Downtown Miami’s lively atmosphere with the historic charm of the area. We look forward to this next chapter of the development and its contribution to the evolution of modern Miami living.”

ONE W12 offers fully furnished and finished studio and one-bedroom residences, along with a limited collection of one-, two-, and three-bedroom townhomes. Short-term rental flexibility will allow residents the option to customize and optimize their living experience to fit their lifestyle.

“ONE W12 has been incredibly well received by the community, which is a testament to how it answers the demand for quality, highly activated luxury developments to meet the ongoing evolution of the neighborhood,” said Alex Karakhanian, Principal of LNDMRK Development. “We’re excited to officially break ground and be one step closer to delivering on that promise.”

Stand-out residence features include fully-integrated kitchens with custom countertops, backsplashes, and a contemporary under-mount sink, fully built-out closets bedrooms, custom shades, a Miele appliance package, imported and custom kitchen and bathroom cabinetry by Italkraft, custom bathroom countertops and finished floors and walls in wet areas, modern bathroom fixtures, features, and accessories, a contemporary lighting package, and a built in top-of-the-line washer and dryer.

The property's centralized location gives its residents the best of both worlds, culture and entertainment through its proximity to the area known as the historic Overtown, Park West, and Miami's Arts and Entertainment District. Connectivity between South Florida’s largest metros is also made easy thanks to the property’s location nearby the MiamiCentral Station, a home base for South Florida’s rail systems including Brightline.

Renderings via ARX Creative

For more information about ONE W12 Residences or to inquire about purchasing a unit please fill out the form below:

PMG, Lion Development and LNDMRK Development Reveal One West Twelve Residences in Overtown

PMG, Lion Development Group, and LNDMRK Development have revealed One West Twelve Residences (ONE W12) in the heart of Historic Overtown, featuring 372 bespoke residences with captivating views of both Miami’s iconic skyline and vibrant sunset vistas. The property has sold over 50% of its residences in just one month and will offer a dynamic lifestyle with centralized proximity to Downtown Miami’s fastest-growing neighborhoods. ONE W12 will evoke iconic Miami glamour through a curated selection of engaging amenities and entertainment-oriented experiences for residents and the surrounding community. PMG Residential is exclusively leading sales with residences priced from $300,000.

“As a Miami native as well as a property and business owner in Overtown for over 12 years, we are thrilled to work with existing stakeholders in the community on One West Twelve Residences,” said Michael Simkins, CEO of Lion Development Group. “Working once more with esteemed partners like PMG and LNDMRK, we are committed to celebrating the history of this amazing neighborhood and creating a living experience that embodies the perfect blend of iconic Miami charm and modern living. This collaboration allows us to deliver a lively and playful lifestyle enriched by exceptional amenities and unparalleled access to Miami’s most exciting neighborhoods. Our shared vision and dedication to creating a dynamic community are evident in every detail of One West Twelve Residences, and we can’t wait to see this project come to life.”

Notably, ONE W12 will be home to Vibe BBQ, an inviting quick-serve restaurant from acclaimed chef and eight-time James Beard Foundation award winner Marcus Samuelsson. Samuelsson’s restaurant Red Rooster Overtown further solidified the neighborhood as a top dining destination in South Florida while the concept has become a favorite among Miamians. The Vibe BBQ concept at ONE W12 will feature elements of ‘Miami flair’ in the form of an expanded lounge area and cocktail offerings. True to its core, Vibe BBQ will embody an all-day celebration of American comfort classics.

Designed by CUBE 3, ONE W12 will offer amenities focused on promoting a vivid, experiential lifestyle for residents and the local community. These amenities include an elegant lobby inspired by the glamor and playful spirit of the storied locale, an atmospheric rooftop garden and pool with lounge areas, a state-of-the-art fitness center, curated art installations throughout the property, the latest smart-building technology, and house cruiser bikes with storage.

“PMG is excited to partner with both Lion Development Group and LNDMRK to execute this one-of-a-kind development,” said Ryan Shear, Managing Partner at PMG. “Launching ONE W12 Residences is a thrilling milestone for us. We are introducing a living experience that marries the iconic glamour of Miami with modern sophistication. Every detail, from the elegant lobby to the atmospheric rooftop garden, has been thoughtfully designed to offer a dynamic lifestyle. Situated in the heart of Miami's most lively neighborhoods, ONE W12 provides residents with unparalleled access to the best the city has to offer. This is not just a place to live—it's a journey into a lifestyle infused with spirited charm and contemporary elegance."

ONE W12 offers fully furnished and finished studio and one-bedroom residences, along with a limited collection of one-, two-, and three-bedroom townhomes. Short-term rental flexibility will allow residents the option to customize and optimize their living experience to fit their lifestyle.

“With Miami’s continued evolution in mind, we wanted to create a project that brings the historic charm of this neighborhood to today's residents. ONE W12 is a transformative project that will strive to do this across every aspect of its design, pairing Miami’s vibrancy with a stylish, all-encompassing living experience,” says Alex Karakhanian, Principal of LNDMRK Development. “Partnering with PMG and Lion Development Group was an obvious choice to bring this project to life because of their continued commitment to thoughtful placemaking and vision for Miami's future.”

Stand-out residence features include fully-integrated kitchens with custom countertops, backsplashes, and a contemporary under-mount sink, fully built-out closets bedrooms, custom shades, a Miele appliance package, imported and custom kitchen and bathroom cabinetry by Italkraft, custom bathroom countertops and finished floors and walls in wet areas, modern bathroom fixtures, features, and accessories, a contemporary lighting package, and a built in top-of-the-line washer and dryer.

The property's centralized location gives its residents the best of both worlds, culture and entertainment through its proximity to the area known as the historical Overtown, District 11, the newly approved Under Deck Park and Miami's Arts and Entertainment District. Connectivity between South Florida’s largest metros is also made easy thanks to the property’s location nearby the MiamiCentral Station, a home base for South Florida’s rail systems including Brightline.

Renderings via ARX Creative

For more information about One West Twelve Residences or to inquire about purchasing a unit please fill out the form below:

Lion Development Group, LNDMRK Development and Tricera Capital Close On Society Wynwood Retail For $22.5 Million

A partnership between Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian and Tricera Capital led by Ben Mandell have closed on 32,000 square feet of ground-floor retail space at Society Wynwood for $22.5 million. Tricera and LNDMRK signed four leases pre-closing to fill about 50% of the leasable area to Starbucks, Nacho Daddy,Chama De Fogo Brazilian Steakhouse, and I Scream Gelato. Property Markest Group (PMG) and Greybrook, who developed the mixed use project, sold the retail portion for $22.5 million to the buyer group, and the deal closed on April 26. Jason Krane with Ackman Ziff helped source Seacoast Bank, the senior lender that financed the deal.

“Wynwood's growth over the last decade has been tremendous, and our team is excited to continue to play a role in elevating the community,” said Tricera Capital CEO Ben Mandell. “We have had success leasing at Society thus far and intend to continue our momentum with new leases soon to be announced.”

The property at 2431 NW Second Ave. is conveniently located in the center of the Wynwood Art District, within walking distance of many new restaurants and boutique businesses. Along with the ground-floor retail, Society Wynwood has almost 300 modern residential units and a private parking garage, making it a premier destination.

“We are excited to partner with Tricera and Lion on this transformative acquisition. The retail is situated in the core of the district, directly across from the Wynwood Walls, and continues to attracted premium tenants that want to be part of this vibrant community,” said Alex Karakhanian, Owner of LNDMRK Development. “Wynwood continues to grow and mature, becoming a neighborhood where living, leisure, and work can intertwine.”

Starbucks will occupy ~2,600 square feet of retail space at Society Wynwood. Las Vegas-born Nacho Daddy will occupy ~5,400 square feet,Brazilian Steakhouse Chama De Fogo will occupy ~5,520 square feet, and I Scream Gelato will occupy ~1,300SF.

Lion Development, PMG and LNDMRK Development Team Up To Purchase Overtown Development Site

Michael Simkins’ Lion Development, Property Markets Group (PMG) and Alex Karakhanian’s LNDMRK have partnered to purchase Overtown’s Block 19 located at 105 NW 11th Terrace for $16.5 million. The 1.5 acre development site will be a Transit Oriented Development (TOD) with a combination of market-rate and workforce housing apartments, along with parking for residents and visitors. City National Bank has provided an initial $8.25 million mortgage on the property.

As one of the largest property owners in Overtown, Lion Development Group has been a longtime catalyst for growth and vitalization in the area, working alongside the community and partner agencies such as the Southeast Overtown Community Redevelopment Agency (CRA) to reinvigorate the area with the goal of creating a dynamic and walkable urban core, promoting economic advancement and culture-building environments.

“We are proud to bring this new development to life by working alongside community leaders and organizations to enhance the Overtown neighborhood, as well as bolster the growth and economic impact of the area,” says Michael Simkins, CEO of Lion Development Group. “As local business owners committed to the neighborhood, it’s been incredible to see the growth and revitalization of Overtown over the past decade. We believe this development will further invigorate the area and provide additional opportunities for locals and guests alike to thrive through new investment that is dedicated to honoring this culturally significant neighborhood.”

"PMG is looking forward to partnering once again with Lion Development Group and LNDMRK in the collaborative effort to bring the Block 19 project to Overtown,” says Ryan Shear, Managing Partner of PMG. “Our longstanding partnership with Lion Development Group has consistently yielded transformational properties, and Block 19 will be no exception. This development aligns with our vision to develop impactful mixed-use residential projects in Miami and beyond.”

“LNDMRK is very excited to be part of this project alongside Lion Development and PMG,” says Alex Karakhanian of LNDMRK. “Our visions align and we are motivated to bring a project that not only fills a gap in the marketplace, but adds new elements of energy and transformation to the Overtown community. We look forward to moving onto the next phase of development and bringing the neighborhood a project that will set the tone for new buildings in the area.”

Overtown currently hosts a collection of culturally significant businesses and organizations that have thrived with the support provided by the Southeast Overtown Community Redevelopment Agency. The team has a unique vision for the future of Overtown that includes making the neighborhood more walkable and connected to the Downtown core, specifically through Miami-Dade County’s Transit Oriented Development (TOD) area requirements. By incorporating features such as improved walkways, bike lanes, and enhanced roads, among other elements, the initiative seeks to attract residents from neighboring areas while simultaneously enhancing the daily lives of those residing and working in Overtown.

FIRST ON PROFILE: Oak Row Equities and LNDMRK Development Reveal 2900 Terrace in Edgewater

FIRST ON PROFILE: Oak Row Equities, a dynamic vertically-integrated real estate private equity and development company with over $1.6 billion of development in South Florida, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions, revealed final design plans for 2900 Terrace in Edgewater, Miami following approval from the Urban Development Review Board (UDRB). 2900 Terrace, designed by preeminent architecture firm Arquitectonica, will create a new category of luxury rentals that meet demand for high-end living in Miami.

The tower is located on one of the last undeveloped parcels East of Biscayne Blvd. in the urban core and has been designed to ensure protected Biscayne Bay views. The sophisticated offering features 324 oversize homes with abundant light, spectacular finishes and beautiful private and shared outdoor spaces. Residents will have access to 24/7 concierge services and every convenience imaginable.

Spacious one, two and three-bedroom residences are crafted for design-conscious renters and many will offer large wraparound terraces and home offices. Interior finishes will rival for-sale buildings with calming color schemes and rich materials that evoke a sense of permanence unheard of in multi-family towers. The rentals are intended for families and executives seeking a place to call home in Miami.

Arquitectonica has designed a Japanese-inspired tower that juxtaposes warm bronze-like accents with off white stucco for a tranquil Zen aesthetic. Inventive material use brings a nuanced textured effect to lower portions of the facade. Perforated corrugated metal, reflective glass and charcoal window frames and mullions create visual interest throughout.

“2900 Terrace signals the true sophistication of the Miami market. A multi-family asset of this caliber is a direct response to the maturation of the South Florida market. We are intentionally delivering oversized units with spacious primary bedrooms, large walk in closets, airy great rooms, and most residences will have a study/den.” says Erik Rutter, Managing Partner of Oak Row Equities. “This tower presents an unprecedented option for renters who put a premium space, views, design, and amenities.”

The tower’s massive amenity program will be spread across two levels with wellness as a guiding principle. Indoor amenities include a state-of-the-art fitness center, yoga studio, pet spa, co-working spaces with podcast studios, a content creator studio, card room, resident lounge, treatment rooms, sauna, golf stimulator, theater and children’s playroom.

A south-facing landscaped deck will offer endless opportunities for entertaining and recreation. Outdoor amenities include a statement swimming pool, cold plunge, poolside cabanas and lounge seating, BBQ grills and picnic seating, a hot tub, summer kitchen, two padel courts, children’s playground and coworking terrace.

“2900 Terrace is a world-class offering, and we anticipate demand from around the globe,” said David Weitz, Managing Partner at Oak Row Equities. “We are very proud of the final plans after many months deliberating every design detail and how the tower will be experienced. The building will enrich Edgewater with refined, artful architecture, and we are eager to break ground.”

“This expertly assembled site in Edgewater East enables spectacular protected water and city views that are unparalleled of for a multi-family asset,” says Alex Karakhanian, Principle of LNDMRK Development. “It is a true pleasure to collaborate with Oak Row Equities and their team on this exceptional development.”

Renderings via Arquitectonica