The Rider Residences Tops Off Construction In Wynwood

Ciprés, a next-generation real estate development firm, in partnership with veteran South Florida developer Rilea Group, announced the recent topping off of construction for The Rider Residences, a boutique, one-of-a-kind bold interpretation of residential living, rising 12 stories at 94 NE 29th St.

The milestone follows the start of vertical construction in 2025 and marks significant progress toward the project’s anticipated completion in the second half of 2027. Beauchamp Construction serves as the general contractor.

“Construction top off is the moment the last slab is poured and the structure is completed. From here, the façade takes shape and work on the interiors begins,” said Diego Ojeda, Founder of Ciprés and President of Rilea Group. “Reaching this milestone on schedule says a lot about the project and reflects the dedication of Beauchamp Construction, the crews on site and our entire team, along with the support of Banco Inbursa, who backed us from the start. Ciprés conceived The Rider as a piece of contemporary Miami, where architecture, art, fashion and rock ’n’ roll live under one roof. This month, we will start construction on Mohawk at Wynwood on the same block. We are here for the long run.”

Located at the crossroads of Wynwood, Midtown, Edgewater and the Miami Design District, The Rider Residences situates residents at the nexus of acclaimed dining, art, luxury shopping and national retailers.

The building will encompass 152 fully furnished studios, one-, two-, and three-bedroom homes, as well as penthouses, with select floorplans featuring dens and half baths, ranging from 386 to 1,612 square feet. Features include Bertazzoni appliances, Italkraft cabinetry, Cosentino Dekton countertops and smart-home technology. Restoration Hardware furnishings will be available in select penthouse and lanai residences. Pricing ranges from $550,000 to $2.4 million.

Architecture by Deforma Studio pairs industrial influences with Miami’s creative energy, while interiors by RADYCA draw on 1970s glamour through rich materials, midcentury references and photography sourced from Morrison Hotel Gallery and Iconic Images Gallery.

Amenities will include a resort-style rooftop pool area, residents lounge, as well as fitness and wellness spaces with cold plunges, infrared saunas and a marble Turkish hammam. The Leopard Room, a soundproofed speakeasy and lounge on the ground floor, separated from the residences by the garage above it, will be available for owners and tenants to reserve for private events. Motorcycle and bicycle rentals and a gated bike room will be available for those on the go. Owners will also have access to a private beach club in Miami Beach’s South of Fifth neighborhood. Approximately 11,000 square feet of ground-floor retail and rooftop food-and-beverage space will complement the residential offerings.

Conceived with flexible ownership in mind, The Rider Residences will allow short-term rentals, with optional white-glove property and rental management through The Rider Living. Buyers may also finance their residences through crypto-backed mortgages from Milo, with closings facilitated by Propy.

Leading South Florida luxury residential brokerage Cervera Real Estate exclusively leads sales and marketing for the development.

“Every element of The Rider has been thoughtfully selected for people who love a bold aesthetic, travel often and seek a home that complements their dynamic lives,” said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate. “It’s a distinctly fresh perspective on luxury living, pairing expressive design with effortless sophistication. Set amid Miami’s trending neighborhoods, The Rider stands at the forefront of the city’s evolution.”

The building’s topping out was toasted twice, with a celebration with the construction team, in addition to a soiree that took place on Sept. 9, 2026, at the development’s sales gallery.

Sales have reached the 50 percent mark and continue to see strong interest from European, South American, California and New York buyers. Mexico’s Banco Inbursa, owned by billionaire Carlos Slim, provided a $90 million construction loan in September 2025.

Rilea Group is also developing Mohawk at Wynwood, a 12-story, 300-unit multifamily development with approximately 29,000 square feet of ground-floor retail located at 56 NE 29th St., adjacent to The Rider Residences.

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The Rider Residences And Wynwood-Based Crypto Mortgage Lender 'Milo' Unveil Crypto-Backed Real Estate Financing Program

The Rider Residences, Miami’s first crypto-native condominium development by Rilea Group and Ciprés, have unveiled an innovative financing collaboration with Milo, the leading crypto mortgage lender based in Wynwood. This new partnership marks a groundbreaking advancement in how digital asset holders can acquire real estate in Miami.

Through this collaboration, crypto investors can now leverage their Bitcoin or other digital assets as collateral to secure cash deposits toward the purchase of their units at The Rider, without selling their crypto. This initial crypto-collateralized loan allows buyers to fund their 40% pre-construction deposits while retaining the upside potential of their holdings.

Once the building is complete, Milo will offer buyers a second round of financing: a 30-year crypto mortgage secured by the property, the only crypto-backed option of its kind on the market today. At closing, clients will not need to come up with any cash down payment as Milo can finance 100% of the purchase price.

“This is a game-changer for sophisticated buyers who want to maximize their financial strategies while securing hard assets in a desirable market. The Rider is at the forefront of this movement, offering a complete solution for transactions that align with the future of wealth and ownership,” said Diego Ojeda, President of Rilea Group.

Interest rates for the down payment crypto loan are in the high single digits, making it an attractive solution for clients who do not want to sell any Bitcoin and expect future appreciation. Clients will be able to access the loans to fulfill their deposit schedule with The Rider.

At Milo, we’re redefining crypto’s role in everyday life. By offering Rider buyers cash liquidity without the need to sell their Bitcoin, we’re paving the way for seamless property ownership alongside untapped crypto potential," said Josip Rupena, CEO of Milo. The Rider, positioned at the nexus of Wynwood, Midtown, and the Design District, continues to make headlines, most recently for completing Miami’s first wallet-to-wallet Bitcoin condo sale. With bold, 1970s-inspired interiors by RADYCA and a curated collection of resort-style amenities, The Rider offers fully furnished studios to three-bedroom residences, priced from the $400Ks to over $1.8M. Delivery is expected in late 2026. This milestone further cements The Rider’s reputation as Miami’s premier real estate destination for crypto-native buyers.

Rilea Group and Ciprés Break Ground on The Rider Residences in Wynwood

The Rider Residences, Miami’s highly anticipated luxury boutique condominium, has officially broken ground. Located at 94 NE 29th Street at the crossroads of Miami’s vibrant Wynwood, Midtown, Edgewater, and Design District neighborhoods, the 12-story development is a collaboration between renowned South Florida real estate developer Rilea Group and Miami-based Ciprés. The project, which features 146 fully furnished turn-key residences, innovative resort-style amenities, and a striking design that exudes confidence and sophistication, is poised to redefine flexible, high-end living in one of Miami’s most dynamic districts. With construction now underway, completion of The Rider is slated for late 2026.

“The groundbreaking of The Rider marks an exciting new chapter, not just for us as developers, but for Miami as a whole,” said Diego Ojeda, President of Rilea Group and Founder of Ciprés. “The energy and enthusiasm from buyers validate our vision for this project. With construction now officially in motion, we are eager to bring this one-of-a-kind concept to life and continue building on the momentum we’ve established.”

With prices ranging from the $500,000s to upwards of $1.8 million, The Rider will offer fully furnished studios, 1-, 2-, and 3-bedroom residences and penthouse units, with select floorplans featuring dens and half baths, measuring between 386 and 1,612 square feet in size.

“The groundbreaking of The Rider signifies an exciting transformation in this part of Miami, and buyers are eager to be part of it,” said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate, the exclusive sales and marketing brokerage for The Rider. “With its unmatched location, flexible ownership model, and curated lifestyle offerings, this project is attracting a diverse range of buyers, from second-home seekers to investors and full-time residents.”

The Rider’s spectacular architectural façade, designed by Miami-based architecture firm Deforma Studio, will combine the feel of Chicago’s industrial chic aesthetic and the exposed brick, steel, and concrete found in New York’s SoHo and Meat Packing Districts with Miami’s vibrant artistic flavor.

The Rider’s design is led by Miami-based award-winning studio RADYCA, which specializes in superyacht and luxury real estate projects in South Florida and around the world, infusing the property with a fearless statement-making aesthetic. With the building’s interiors exuding a daring, high-fashion aesthetic inspired by the glamor and edge of the 1970s, RADYCA’s design inspiration draws from a mix of art, film, fashion, and music – while utilizing midcentury furnishings and a $1 million art collection of fine photography from Los Angeles’ Morrison Hotel Gallery and London’s Iconic Images Gallery.

Residences will feature open living areas, gourmet kitchens with Italian Bertazonni appliances, Italkraft cabinets, Dekton countertops, spa-inspired baths with Porcelanosa fixtures, smart home technology with keyless entry, and impact-resistant windows. The aesthetic of the residences will mirror the building’s common area designs, with rich hues, bold fabrics and a distinctive glamour.

Amenities at The Rider are designed to cater to residents’ and guests’ every desire, from wellness and relaxation to entertainment and adventure. The building will house a rooftop resort-style pool overlooking the city, a high-end restaurant and speakeasy bar accessible via a private elevator, a hi-fi vinyl listening room, a pet spa, and a fitness center outfitted with top-tier equipment. Additional features include multiple cold plunge pools, infrared saunas, IV therapy services, and a traditional marble Hammam/Turkish Bath.

For those seeking adventure, The Rider will provide a fleet of in-house Harley Davidson motorcycles, Vespas, and electric bicycles for rent, along with 24-hour valet service, EV charging stations, and a private parking garage.

Strategically positioned near Wynwood’s upcoming high-speed rail station, The Rider will offer seamless access to South Florida’s key destinations, including Aventura, Fort Lauderdale, West Palm Beach, and Orlando.

The Rider is a joint venture between Rilea Group and Ciprés, a newly formed real estate development firm specializing in exquisite residential projects that balance elegance with innovation. Ciprés is also developing a 324-unit multifamily community in Port St. Lucie, expanding its footprint in Florida’s rapidly growing real estate market.

Rilea Group is also developing the adjacent property to The Rider – Mohawk at Wynwood, a 12-story, 300-unit multifamily development with 31,000 square feet of ground-floor retail located at 56 NE 29th Street. The Rider will follow the success of the firm’s sold-out, luxury condominium The Bond on Brickell; 1450 Brickell Office Tower, home to J.P. Morgan’s headquarters; One Broadway luxury apartment tower; and the Sabadell Financial Center – all set within Miami’s sought-after Brickell Financial District, nicknamed “Wall Street South.”

Images via World Red Eye, Renderings Via Rilea Group and Cipres

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