**Oak Row Equities and LNDMRK Development Break Ground on Miami’s 2900 Terrace Multifamily Tower**
Oak Row Equities and LNDMRK Development have officially broken ground on 2900 Terrace, a new multifamily residential tower located in Miami’s dynamic Edgewater neighborhood. This major development milestone comes on the heels of a successful financial close, securing $210.5 million in construction funding. The financing package includes a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan provided by Canyon Partners Real Estate.
Designed by renowned architecture firm Arquitectonica, 2900 Terrace will feature sweeping views of Biscayne Bay and offer 324 one-, two-, and three-bedroom residences. The project emphasizes both private and communal outdoor living, with completion expected in the fourth quarter of 2027.
The development will boast two levels of elevated amenity spaces, including a state-of-the-art fitness center, yoga studio, co-working areas outfitted with podcast and content creator studios, a card room, resident lounge, treatment rooms, sauna, golf simulator, theater, and a children’s playroom.
Outdoor amenities will elevate the living experience further, featuring a resort-style swimming pool, cold plunge, hot tub, poolside cabanas and lounge seating, BBQ grills and picnic areas, a summer kitchen, two padel courts, a children’s playground, and a dedicated co-working terrace.
With its luxury features and prime waterfront location, 2900 Terrace is set to offer a high-end living experience in one of Miami’s most sought-after neighborhoods.
