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

November 4, 2025

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.

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In Banking, Commercial, Development, Development News, Edgewater, Finance & Banking, Multifamily, News, News & Features, Rentals Tags Alex Karakhanian, News & Features, News, Oak Row Equites, LNDMRK Development, Erik Rutter, David Weitz, Commercial, Development, Development News, 2900 Terrace, Edgewater, Financing, Finance, Finance & Banking, Canyon Real Estate Partners, Bank OZK, Arquitectonica, Multifamily, Featured
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The St. Regis Residences, Miami Passes 80% Sold As Penthouse Goes Under Contract For $47 Million
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A penthouse at The St. Regis Residences, Miami is under contract for $47 million, marking one of the largest and highest-priced condominium transactions in Brickell's history and highlighting continued demand for ultra-luxury residences in Miami's urban core. The buyer, a New York family relocating to South Florida, has placed the two-story Charles Penthouse under contract at the waterfront development in South Brickell.

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Situated between Brickell's vibrant financial district and the tree-lined streets of Coconut Grove, the South Brickell neighborhood has become one of the city's most desirable addresses for buyers seeking a more intimate luxury living experience while remaining connected to the energy of Miami's urban core.

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A new, and final, oceanfront estate-style penthouse is up for grabs for $75 million at Rivage Bal Harbour, a 25-story, 56-residence tower developed by Related Group, Rockpoint, and Two Roads Development. A standout feature is its dedicated "Longevity Suite"— an in-home wellness wing anchored by an “Ammortal Chamber” and hyperbaric chamber, alongside a sauna, steam room, circadian lighting throughout the residence, advanced air and water purification systems, sleep-optimized bedrooms and more.

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