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.
Construction Update for 2900 Terrace Edgewater
Progress continues at the future site of 2900 Terrace in Edgewater, where a dewatering application was officially filed yesterday—marking another step forward for one of the neighborhood’s most highly anticipated developments.
Planned as a 38-story luxury rental tower, 2900 Terrace is being developed by Oak Row Equities and LNDMRK Development. The project will bring 324 oversized apartment residences to the area, with layouts designed to prioritize space and functionality. Expect large walk-in closets, expansive great rooms, and for most units, the addition of a study or den—ideal for today’s work-from-home or hybrid lifestyles.
Beyond residential offerings, the project will also incorporate 8,000 square feet of full-service restaurant space, 8,000 square feet of retail, and over 500 parking spaces, adding to the vibrancy and convenience of the Edgewater corridor.
A number of permits are currently under review with the City of Miami’s Building Department, including applications for site work, tree removal, and a master construction permit.
As the site begins to prepare for vertical development, 2900 Terrace is poised to add another striking silhouette to the Edgewater skyline—bringing with it a thoughtfully designed mix of upscale residences and curated retail.
Rising High in Miami: FAA Greenlights 2900 Terrace, a New Architectural Landmark in Edgewater
The FAA has recently greenlit the construction of 2900 Terrace, a 38-story building in Miami’s Edgewater neighborhood. The permits, issued on January 2 and valid until July 2, 2025, signal an important phase in the project’s development. 2900 Terrace, a creation of Arquitectonica and spearheaded by LNDMRK Development and Oak Row Equities, can stand as tall as 390 feet or 399 feet above sea level. An FAA study confirmed the building meets obstruction standards and is safe for air travel.
Spanning over 629,000 square feet, 2900 Terrace will house 324 residential units, office space, commercial areas, and 515 parking slots. Its expected completion in 2026 will add to Miami’s dynamic cityscape.
This project is strategically positioned on 1.5 acres in Edgewater, close to various lifestyle and cultural hotspots in Miami. The development is set to offer a mix of one to three-bedroom residences and a host of amenities like a fitness center, pet spa, sauna, golf simulator, coworking spaces, and outdoor facilities including a pool and cabanas.
The architectural design incorporates a variety of materials like bronze and grey metal mesh, glass railings, tinted reflective glazing, charcoal window frames, grey stucco, and concrete. This selection aims to give the building a modern and practical exterior.
Alongside 2900 Terrace, Oak Row Equities and LNDMRK are also working on a 40-story building at 2600 Biscayne and the Wynwood Plaza, set to be completed in 2025.
New Residential Tower Announced in Edgewater-2900 Terrace
A new residential high-rise is poised to redefine the skyline of Miami’s Edgewater neighborhood, presenting a potential investment opportunity. The blueprint, which is currently under the scrutiny of Miami’s Urban Development Review Board, envisions a 38-story edifice, soaring to a majestic 380 feet.
This ambitious project is slated to encompass a total of 324 upscale residential units, with an average size of 1,069 square feet, tailored to meet the expectations of a sophisticated clientele. Approximately 22,354 square feet allocated for office spaces, designed to cater to high-end professional services.
An additional 13,108 square feet dedicated to commercial ventures, likely to attract premium retail brands. Over 10,000 square feet of park and plaza areas, meticulously planned to foster community engagement and vibrant pedestrian dynamics. A substantial parking structure offering 515 spaces across four levels, levels 2 through 5, featuring an aesthetically pleasing artistic screen.
The landscape architecture is set to feature an array of indigenous trees, selected not only for their compatibility with the local climate but also for their capacity to offer ample shade, enhancing the pedestrian experience. The architectural vision for this tower comes from the renowned firm Arquitectonica, known for their innovative designs that blend functionality with visual appeal.
The development is being spearheaded by 2900 Terrace Owner, LLC, a name that may soon become synonymous with luxury living in Miami. The proposal is scheduled for review on November 15th by the UDRB, marking a date of significance for investors looking to capitalize on Miami’s thriving real estate market.
