Rilea Group Breaks Ground on Mohawk at Wynwood Mixed Use Luxury Rental Development

Veteran South Florida developer Rilea Group broke ground on Mohawk at Wynwood, a 300-residence mixed-use development that will establish the defining link between the Wynwood Arts District and Midtown Miami. Located at 50 NE 29th St., Mohawk joins two neighboring projects: The Rider Residences, a boutique condominium developed in partnership with Ciprés, the next-generation real estate development firm, and The Boxer, an eight-story rental building Ciprés is spearheading at 20 NE 29th St. Together, the two firms are shaping nearly an entire city block through the three transformative projects at the nexus of Wynwood, Midtown, Edgewater and the Miami Design District.

Rilea Group, the sales and construction teams, banking and finance executives, members of the brokerage community and select media came together for a ceremony to celebrate the groundbreaking on Sept. 23, 2026.

Mohawk is situated approximately 100 yards from Amazon's new Miami offices, in the middle of a corridor where, according to Rilea Group, more than $11 billion of real estate development is currently underway.

Comprising 12- and eight-story residential towers, Mohawk will feature 300 apartments and 29,118 square feet of ground-floor retail, organized around an open-air, cobblestone pedestrian paseo connecting Northeast 28th and 29th streets.

"Mohawk is punk rock in a tailored jacket," said Diego Ojeda, Founder of Ciprés and President of Rilea Group. "It is a mixed-use project, 300 residences over retail, but nothing about it behaves like one. Chicago brick, blackened steel and glass on the outside. High fashion, photography and rock and roll on the inside. Art on every floor. Nobody has built a rental building like this in Miami, and that is exactly the point. We are also giving the neighborhood its widest sidewalks, because a great restaurant deserves a real terrace. Our retail owners get room for tables, while the runner, the dog walker and the stroller still glide past without touching a chair. That is how Fifth Avenue works. That is how the Champs-Élysées works. We did not design Mohawk to fit in. We designed it to be the talk of the town, and the retail numbers say the town has already noticed."

Mohawk is Rilea Group's sixth project with Coastal Construction, a relationship that includes 1450 Brickell, home to J.P. Morgan's Miami headquarters, and Banco Santander's U.S. headquarters now rising at 1401 Brickell Avenue. Construction financing was provided by Nuveen Green Capital and ABANCA, the Spanish bank headquartered in Galicia. The project is slated for completion in 2029.

A Facade from the Industrial North, Interiors from London

Designed by Deforma Studio, Mohawk's exterior is influenced by Chicago and Brooklyn’s brick facades, with blackened steel and glass - an homage to the industrial architecture of the Northern region’s warehouses and factory lofts, carried as far as modern materials allow.

“Mohawk is our homage to the industrial North - the brick warehouses and factory lofts of Chicago, Brooklyn and Philadelphia, reinterpreted through a contemporary Miami lens,” said Javier Barrera, Principal of Deforma Studio. “The reclaimed brick is authentic, salvaged from old factories across the North East and Midwest, so there’s real history embedded in the building. We paired that material with dark metal and glass to capture the character of that industrial architecture without trying to replicate it literally. Diego gave us the freedom to be genuinely creative on this one, and you can see that freedom in every elevation.”

Interiors by RADYCA will distinguish Mohawk as Miami's most fashion-forward and rock-and-roll-focused residential apartment building, with photography, sculptures and murals accenting the lobbies, paseo and amenity floors.

"I went to London to be inspired for Mohawk," said Ramón Alonso, President of RADYCA. "Camden, Shoreditch, the old punk clubs and the fashion houses that grew up next to them. That collision of high fashion and rebellion is what Mohawk's interiors are about. Raw brick, blackened steel, velvet, photography on the walls, a lobby lit like a stage. It is a home for people who would rather be in the front row than the back."

Retail Built for Restaurants and Flagships

Mohawk's 27,990 square feet of ground-floor retail is for sale, with units from 642 to 2,544 square feet, each delivered with high ceilings, grease-trap-ready infrastructure and storefronts opening onto Northeast 28th Street, Northeast 29th Street and the paseo. Sidewalks along the project are 30 feet wide, sized to what shoppers find on Fifth Avenue in New York City or Calle Serrano in Madrid, with room for outdoor dining. On 28th Street, the retail abuts the new headquarters Rilea Group is building for Grammy-winning artist Pitbull.

The paseo, a cobblestone passageway inspired by New York's Meatpacking District, runs through the block from 28th to 29th Street, lined with shopfronts, sculpture and photography.

Retail sales at Mohawk have already set records. Approximately a third of the retail space is under contract at a blended price of about $1,800 per square foot, the highest retail pricing ever achieved in Wynwood or Midtown Miami. Early this year, an international buyer acquired five units for approximately $14 million settled in USDT, a U.S. dollar-pegged stablecoin, the largest crypto-settled commercial real estate sale in Miami’s history, executed with tokenization specialist Propy. Cryptocurrency payments remain available for retail purchases. Cervera Real Estate and The Comras Company lead the retail sales team.

Residences and Amenities

Rising above the streetscape, studio, one-, two- and three-bedroom apartments will feature tile flooring throughout, Bertazzoni appliances and kitchens with Dekton by Cosentino countertops, backsplashes and cabinetry. Select homes will open onto spacious lanais and private outdoor living areas.

Rooftop amenities across both towers will include a pool deck, a padel court, secluded gathering areas and a dedicated dog park. Indoors, residents will find a Turkish hammam, a gym, a double-height lounge and offices designed for focused work. Recreational offerings will encompass a game room, indoor and outdoor children's play areas, a separate lounge and bar and a private park. An enclosed garage will accommodate 318 vehicles, with 17 additional on-street parking spaces adjacent to the property.

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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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Rilea Group Secures $150 Million in Construction Financing for Mohawk at Wynwood in Miami

Miami-based real estate developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District.

The financing package includes $124.2 million in C-PACE capital from Nuveen Green Capital (NGC), a national leader in sustainable commercial real estate financing solutions, marking the largest C-PACE-financed multifamily transaction in the state of Florida to date, and a $25 million senior loan from Spain-based ABANCA USA, which serves as the senior secured lender for the transaction. The financing was arranged by Javier Herrera of Franklin Street.

“Mohawk at Wynwood represents the next frontier of Miami living – a project that fuses punk rock, high fashion, and renegade culture into an all-brick, steel, and glass building that feels both timeless and unapologetically new,” said Diego Ojeda, President of Rilea Group. “From the widest sidewalks in Wynwood—designed for outdoor dining and pedestrian life—to rooftop pools, lounges, padel courts, and 30,000 square feet of dynamic retail, Mohawk is more than a building, it’s a movement.

Bringing together a national powerhouse like Nuveen Green Capital with a relationship-driven institution like ABANCA is something we’re incredibly proud of,” Ojeda added. “ABANCA had the vision and conviction to finance our last multifamily project when many lenders stepped to the sidelines during the depths of COVID, and they continue to lead by example as one of the pioneers embracing C-PACE financing today. We’re equally grateful to Nuveen for placing their confidence in us with their largest multifamily loan in Florida, it speaks volumes about the strength of this project, this corridor, and our long-term partnership.

Slated for completion in 2028, Mohawk at Wynwood will offer expansive studios, one-, two-, and three-bedroom residences, including lanai units with private backyards. The building’s architecture features Chicago brick, industrial steel detailing, and floor-to-ceiling glass, echoing Wynwood’s artistic and warehouse-inspired aesthetic.

The project sits on NW 29th Street, now one of Miami’s fastest-growing corridors, with record-breaking rent growth and retail pricing that have made it one of the most valuable streets in the city.

Mohawk at Wynwood reflects Rilea Group’s position at the center of Miami’s most competitive development corridor. NW 29th Street has rapidly become one of the most sought-after streets in the city, attracting many of Miami’s heavyweight developers — including Related Group, Crescent Heights, AMLI (backed by Morgan Stanley), Kushner Companies, Terra Group, Oak Row Equities & L&L Holding, Carlos Rosso Development, PMG and OKO Group — who view the corridor as a long-term growth engine. Rilea Group is uniquely positioned with two projects at the heart of this corridor, reinforcing its emergence as a premier destination for residential, retail, and mixed-use development in Miami.

"We're proud to partner with Rilea Group and ABANCA on Mohawk at Wynwood, a project that redefines sustainable urban living," said Ryan Doyle, Senior Director of Originations at Nuveen Green Capital. "This is the largest C-PACE financing for a multifamily project in Florida, underscoring NGC's confidence in Miami's resilience and growth, as well as C-PACE's efficacy in financing large-scale development. Mohawk's design, efficiency, and community focus embody exactly the kind of forward-thinking development that will define the next decade of multifamily housing."

Rilea Group has launched the sale of Mohawk’s ground-floor retail spaces following the record-breaking success of retail sales at its adjacent condominium project, The Rider Residences. At The Rider Residences, Ciprés and Rilea Group achieved retail sales of up to $1,700 per square foot, and Mohawk at Wynwood has since surpassed that benchmark, setting a new national pre-construction record with retail sales reaching $1,850 per square foot. At Mohawk, approximately 33% of the retail component has already been sold to date, reflecting continued demand along the NW 29th Street corridor. The retail spaces are being co-listed by Cervera Real Estate and Comras Company and are available for purchase in cryptocurrency. The residential component of Mohawk will remain a purpose-built multifamily rental community.

Mohawk continues Rilea’s creative partnership with Deforma Studio and RADYCA, the visionary design teams behind The Rider Residences. Together, they are redefining the language of urban living in Wynwood — merging industrial authenticity with refined global design.

“As senior lender on Mohawk, we’re thrilled to deepen our relationship with Rilea Group and continue to be their banking partner in the U.S.,” said Monica Vázquez, General Manager, ABANCA USA. “This project unites world-class architecture with cultural authenticity and economic vitality—a true reflection of Miami’s global trajectory.”

Residents will enjoy rooftop pools and lounges with panoramic skyline views, a padel court, a Turkish hammam spa with cold plunges and infrared saunas, co-working lounges, children’s play areas, and a rooftop dog park.

“Our relationship with the Murphy family and the entire Coastal Construction team runs deep,” said Diego Ojeda, President of Rilea Group. “Together we’ve delivered some of Miami’s most respected buildings, and Mohawk will be no exception. We’re bringing the same precision, craftsmanship, and attention to detail to Wynwood — delivering what will be the neighborhood’s premier residential tower, with kitchens and appliances that are truly second to none.”

Construction of Mohawk at Wynwood is being led by Coastal Construction, marking Rilea Group’s sixth tower with the firm. The partnership began with J.P. Morgan’s 1450 Brickell Tower, and continues today with the massive Santander Tower at 1401 Brickell, now rising in Miami’s Financial District.

“The financing secured for Mohawk at Wynwood underscores both Miami’s sustained appeal among lenders and the strength of Rilea Group’s track record in one of the city’s fastest-growing neighborhoods,” said Suzanne Amaducci of Bilzin Sumberg, who represented Rilea Group in the transaction. “Wynwood has become a premier destination for residential and commercial development, and that momentum played a meaningful role in the project’s ability to attract C-PACE financing alongside a senior loan. Florida developers are increasingly turning to C-PACE financing to complete the capital stack, and I expect the C-PACE program will grow in popularity in 2026 and beyond.”

Rilea Group’s Mohawk at Wynwood and its adjacent project The Rider Residences 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.”

Renderings via Rilea Group

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Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood

Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood. Rilea Group is now transforming 2.5 acres, nearly an entire block, at NW 29th St. and the Florida East Coast Railway line. Rilea Group is a multi-faceted real estate development and management company that has developed over 9,500,000 square feet in South Florida.

The expanded footprint will add 34 new units, including 20 New York style, two-story lofts at Mohawk, underscoring the company’s confidence in the market’s growth at the border of Midtown and Wynwood neighborhoods and demand for unique rental real estate.

Over the past 10 years, Wynwood has experienced significant growth, as have its property values. It continues to emerge as one of South Florida’s hottest, upcoming areas for new residential and office developments.

“Wynwood is on a meteoric rise and we’re thrilled to be a part of fomenting its growth,” said Diego Ojeda, president of Rilea Group. “We have put together a standalone team that through our unparalleled architecture and interior design, we will bring a unique concept which will be like nothing seen before in the neighborhood. Mohawk at Wynwood’s punk rock theme and our neighboring project, The Rider’s ‘easy-rider’ persona, will be sure to attract a great crowd to the market.”

Realty Mogul, an innovative crowdfunding platform for commercial real estate investment, is the largest fundraising partner for Mohawk at Wynwood. It is expected to launch a fresh raise of additional capital in the coming weeks for the project’s continued expansion and future construction, slated for later this year.

Mohawk at Wynwood will feature 260 residential units and 31K square feet of ground floor retail, 335 covered parking spaces with 25 percent dedicated to electric vehicles, 1,500 square feet of private offices for residents in a 12-story building covering a total of 78K square feet of land. Mohawk’s amenities will include a dazzling rooftop pool, game room, state-of-the art gym, outdoor and indoor yoga studios, owner’s lounge and bar, outdoor and indoor kid’s room, a large private park, dog park, two pickleball courts, and more.

The Rider at Wynwood will have 131 apartment-hotel luxury units for short-term rentals, 6,500 square feet of ground floor retail, a rooftop pool for residents and a speakeasy-concept rooftop bar in a 12-story building. The buildings’ architecture will feature Chicago-brick facades coupled with aged metal accents throughout.

Rilea Group’s acquisition of the initial assemblage began in June 2021 when Alfredo Riascos of Gridline Properties represented buyer Rilea Group / Alan & Diego Ojeda and seller David Lombardi in Rilea Group’s $22 million acquisition of the adjacent 65,700-square-foot site at 56 NE 29th St., Miami, FL 33137, also part of the Mohawk at Wynwood assemblage. In addition, in October 2021, Gridline Properties represented the Rilea Group / Alan & Diego Ojeda in its purchase of the adjacent 31,358-square-foot property at 100 NE 29th St., Miami, FL 33137 for $12.25 million, slated for The Rider at Wynwood site. The seller was Jeffrey Miller.

Rilea Group Teams Up With RealtyMogul To Raise Equity Via Crowdfunding For Mohawk At Wynwood

Rilea Group has teamed up with leading real estate crowdfunding platform RealtyMogul to raise equity for their new mixed-use Wynwood project, Mohawk at Wynwood. The crowdfunding campaign for the 12-story project, which is located at 56 NE 29th St., launched on April 5 to RealtyMogul’s network of more than 200,000 qualified investors.

The Los Angeles-based RealtyMogul underwrites and reviews investments internally before opening them up to investors. Crowdfunding allows qualified investors to invest in institutional investments and larger development projects that they would otherwise have no access to.

The minimum crowdfunding investment for the Mohawk at Wynwood project is $35,000 and the estimated hold period for investors is 5 years. The targeted IRR is between 19.1% and 21.1% with a 2.26X target equity multiple.

A portion of the LP equity piece will be raised via crowdfunding as part of the $41 million total equity. 90%, $37 million, will come from LP’s and 10%, $4 million, is sponsored via the developer. A projected $62 million of debt rounds out the expected capitalization of the $103 million total development costs. Rilea group has the 1.5 acre property under contract for $22.33 million.

Mohawk at Wynwood will feature 225 apartment units and 22,000 square feet of retail. Amenities include a rooftop pool, bar, fitness center, residents lounge, dining room, children’s room, game room and dog park. The project was designed by Deforma Studio.