2900 Terrace Breaks Ground in Edgewater as Plans Progress for 38-Story Tower

Miami’s Building Department has officially issued a site work permit for the 2900 Terrace project in Edgewater, marking a key milestone for the anticipated luxury rental development. The permit, granted to Coastal Construction, signals the start of physical work on the site located at 2900 NE 2nd Avenue.

This is the second permit approved for the property, following a tree removal permit that was issued on April 30. While groundwork begins, a master construction permit for the project’s primary tower remains under review. That process has been underway since April 2024.

Once approved, 2900 Terrace will rise 38 stories and bring 324 oversized apartment residences to the growing Edgewater neighborhood. Designed with spacious living in mind, units will feature large walk-in closets and great rooms, with most floor plans also offering a dedicated study or den.

In addition to the residential component, plans call for 8,000 square feet of full-service restaurant space and 8,000 square feet of retail, reinforcing the project’s mixed-use appeal. Over 500 parking spaces are also planned.

The development is being led by Oak Row Equities and LNDMRK, both known for their forward-thinking contributions to Miami’s urban landscape. As site work begins, all eyes are on the progress of the main tower permit as the next step in bringing 2900 Terrace to life.