Ciprés and the Rilea Group have secured $90 million in construction financing for The Rider Residences, a luxury boutique condominium currently under development at the intersection of Miami’s Wynwood, Midtown, Edgewater, and Design District neighborhoods. The loan, provided by Mexico-based Banco Inbursa, will support the ongoing construction of the 12-story project. Once completed, the development will feature 146 fully furnished, turn-key residences, along with 11,000 square feet of retail space and a suite of upscale amenities. The financing was arranged by Javier Herrera of Franklin Street.
Scheduled for delivery in 2027, The Rider Residences will also offer the option of wallet-to-wallet cryptocurrency transactions, positioning it at the forefront of tech-forward real estate developments.
The building will include a mix of studios, one-, two-, and three-bedroom units, as well as penthouses. Select floorplans will feature dens and half baths, with sizes ranging from 386 to 1,612 square feet.
Amenities at The Rider are designed to deliver a resort-style lifestyle. Highlights include a rooftop pool, a high-end restaurant, a speakeasy bar, and a state-of-the-art fitness center. Residents will also have access to a fleet of in-house Harley Davidson motorcycles, Vespas, and electric bicycles for rent. Additional conveniences include a 24-hour valet service, EV charging stations, and a private parking garage.
