The Rider Residences: Wynwood’s Retro-Modern Tower Makes Crypto Real Estate History
In a groundbreaking move for Miami’s real estate market, a cryptocurrency transaction was just facilitated for a unit at The Rider Residences — directly between digital wallets, bypassing traditional conversions to U.S. dollars or reliance on third-party platforms. This innovative transaction is signaling a shift toward more streamlined crypto-based real estate deals.
Set for completion in late 2026, The Rider Residences will bring a distinctive retro-modern vibe to Wynwood, one of Miami’s most dynamic neighborhoods. The development promises fully furnished residences with no rental restrictions, making it an attractive choice for investors and short-term rental enthusiasts alike. The building’s 1970s-inspired design embraces bold color palettes, textured fabrics, and glass balcony designs to create a nostalgic yet contemporary aesthetic.
Residences at The Rider will feature open layouts, gourmet kitchens outfitted with Bertazzoni appliances and Italkraft cabinetry, spa-style primary bathrooms, smart home systems, and floor-to-ceiling windows that flood interiors with natural light. Deforma Studio is leading the architectural design, while RADYCA is curating the eclectic interiors.
The Rider Residences will offer a wide range of floor plans, including studios, one-, two-, and three-bedroom layouts, priced from the $400,000s up to approximately $1.8 million.
A robust amenity package is planned across multiple floors, designed to enhance both relaxation and social engagement. Highlights include a lobby café, a rooftop resort-style pool deck with an on-site restaurant and hidden speakeasy, a hi-fi listening lounge, a pet spa, and a state-of-the-art fitness center outfitted with Peloton and Technogym equipment. Residents will also enjoy access to a wellness spa featuring cold plunge pools, IV therapy services, and an authentic Turkish Hammam. Unique to The Rider is the “Toybox” amenity — an in-house collection of Harley Davidsons, Vespas, and electric bikes available for resident use.
Additional services include 24-hour valet parking, EV charging stations, private garage access, and an array of high-end concierge services.
Another major advantage: The Rider Residences will sit just one block from Wynwood’s future high-speed rail station, part of South Florida’s expanding Brightline network. This strategic location will provide seamless, car-free access to Aventura, Fort Lauderdale, Boca Raton, West Palm Beach, and Orlando — further enhancing the building’s appeal for both local residents and investors seeking strong long-term value.
As Miami continues to lead the nation in innovation, lifestyle, and real estate growth, The Rider Residences stands as a bold new example of what the future of luxury urban living looks like.
Miami’s Retail Market Heats Up with Record-Breaking Sale at The Rider Residences
Miami’s dynamic Midtown-Wynwood corridor continues to attract significant real estate investments, with developers Rilea Group and Ciprés closing on a $2.4 million retail space sale at The Rider Residences. The 1,704-square-foot space, located at 94 NE 29th Street, sold for $407 per square foot, making it the second-highest retail sale price per square foot in the area. This follows The Rider’s own record-breaking sale of a 702-square-foot space for $1.19 million at an astonishing $1,700 per square foot.
The transaction underscores the continued demand for commercial space in the rapidly expanding Midtown-Wynwood corridor. This surge is further bolstered by Amazon’s upcoming expansion into Wynwood, a move that is expected to drive even more business activity and foot traffic to the area. The Rider Residences, designed by Deforma Studio, is strategically positioned to benefit from this growth, offering connectivity to Miami’s transit network with a planned metro stop nearby and easy access to I-95.
The Rider Residences is a 12-story condominium featuring 146 fully furnished units ranging from studios to three-bedroom residences. Designed with style, functionality, and smart home technology in mind, the development provides a flexible ownership model with no rental restrictions, appealing to investors and residents alike. Situated within walking distance of Miami’s top restaurants, retail stores, and entertainment venues, The Rider Residences promises convenience and an urban lifestyle tailored for today’s buyers.
According to the Wynwood Business Improvement District, the neighborhood continues to attract major businesses and investment, drawing 15 million visitors annually. Once an industrial warehouse district, Wynwood has transformed into a thriving hub for art, dining, retail, and technology, making it a prime location for entrepreneurs and established corporations. With ongoing retail and office leases being signed, the district remains one of Miami’s most active and sought-after real estate markets.
The recent record-breaking sales at The Rider Residences reaffirm Wynwood’s position as a hotspot for both residential and commercial investments. As Miami’s urban landscape continues to evolve, developments like The Rider Residences are poised to redefine the city’s real estate scene, offering unparalleled opportunities for investors and residents alike.
Rilea Group and Ciprés Set Record with $1.19 Million Retail Space Sale at The Rider Residences
In a remarkable transaction, Miami developers Rilea Group and Ciprés have sold a 702-square-foot retail space at The Rider Residences for $1.19 million. Located at 94 NE 29th Street, where Midtown meets Wynwood, the retail space commanded an impressive $1,700 per square foot, setting a new benchmark for the area, according to CoStar. The buyer, Sunkan LLC, secured this prime location ahead of The Rider’s groundbreaking, slated for early 2025, with completion expected in late 2026.
Representing the developers in the sale were Andres Andrade and Jake Lecce of Cervera Real Estate, The Rider’s exclusive sales team. Ivana Trachter of EXP Realty represented the buyer in this record-setting deal.
Diego Ojeda, President of Rilea Group and Owner of Ciprés, highlighted the significance of this sale: “This sale is more than a milestone for us; it represents a pivotal moment for Wynwood. Being part of the Wynwood Business Improvement District allows us to contribute to the neighborhood’s dynamic evolution. We’re thrilled to see The Rider attracting innovative investors and businesses.”
Sunkan LLC’s Alejandro Kacheroff, the visionary behind OPTIUSA, a luxury eyewear brand, and Wynwood’s Michelin-recognized Ossobuco restaurant, also expressed his enthusiasm:
“Wynwood is a hub of creativity and culture, the perfect location for OPTIUSA’s expansion. This isn’t just about growing our brand—it’s about embedding ourselves in a vibrant community that values quality and innovation.”
A New Standard of Design and Connectivity
The Rider Residences, designed by Miami’s Deforma Studio with interiors by RADYCA, will offer fully furnished turn-key residences. The units, ranging from 386 to 1,612 square feet, include studios, 1-, 2-, and 3-bedroom options, with select layouts featuring dens and half baths. Prices start at $400,000 and extend to $1.8 million, catering to a diverse array of buyers.
Adding to its appeal, The Rider will be just one block from Wynwood’s upcoming high-speed rail station on 27th Street. This transportation hub promises car-free access to popular destinations, including Aventura, Fort Lauderdale, Boca Raton, and Orlando, ensuring unparalleled connectivity.
A Visionary Collaboration
The Rider is a joint venture between Rilea Group and Ciprés, the latter a burgeoning real estate firm led by Rilea Group’s Diego Ojeda. With a commitment to refined elegance and innovation, the partnership aims to redefine luxury living in South Florida. Ciprés is also spearheading a 324-unit multifamily project in Port St. Lucie, further diversifying its portfolio.
Rilea Group’s influence extends next door with Mohawk at Wynwood, a 12-story multifamily development offering 300 units and 31,000 square feet of retail space. Together, these projects solidify the developers’ impact on Wynwood’s urban landscape.
The sale of this retail space is a testament to Wynwood’s continued growth and The Rider’s potential to shape the neighborhood’s future. With innovative design, strategic location, and a vision for community integration, The Rider Residences are set to become a defining feature of Miami’s luxury real estate scene.
New Development Announced in Wynwood-The Rider
The Rider, a new project in Wynwood, has just had its designs submitted to the Wynwood Design Committee. The Rider will be a mixed-use upscale rental development that will rise 12 stories tall.
Spanning over 131 luxury units with a total leasable area of 104,625 square feet for the units and 6,000 square feet for ground-floor retail. The Rider will also include 146 garage spaces.
The Rider is situated at the intersection of Miami’s hip and developing Wynwood and Midtown neighborhoods, at 94 NE 29th Street, Miami, Florida on 0.56 acres. Residents will be able to scooter to their preferred locations, such as the Wynwood Walls, trendy shops and restaurants with a variety of flavors, and the shops at Midtown Mall, as well as a stroll to a prospective train station that may be only 85 yards away.
The Rider will have excellent access because it is about a 5-minute drive from the Miami Design District’s world-class shopping and from Interstate 195.
Tower Features
Rooftop Pool
Pool deck
Dog Park
Private hangout area
Resident’s lounge
Cutting-edge gym
Art and Photography by Morrison Hotel Gallery
Rooftop food service establishment that will be open to the public and be serviced by separate elevators
The developer is listed as the Rilea Group with Wynwood Deforma Studio listed as the architect.
On October 12, there will be a hearing before the Wynwood Design Review Committee to continue discussions about the new development.
