Ciprés and Rilea Group Land $90 Million Construction Loan from Banco Inbursa for The Rider Residences in Wynwood
A new wave of energy is coming to Miami’s Wynwood-Midtown corridor, where Rilea Group and Ciprés have secured a $90 million construction loan from Mexico’s Banco Inbursa to fund development of The Rider Residences, a 12-story, 146-unit luxury condominium slated for completion in 2027.
The financing, arranged by Javier Herrera of Franklin Street, signals strong international confidence in Miami’s boutique luxury condo market — particularly for projects that fuse design, culture, and technology.
A Boutique Vision Rooted in Art and Urban Culture
Following a February 2025 groundbreaking, vertical construction is set to begin later this year at 94 NE 29th Street, a site located steps from Whole Foods and across from Amazon’s upcoming Miami headquarters. Designed by Deforma Studio with interiors by RADYCA, The Rider draws inspiration from 1970s music, fashion, and film, pairing SoHo-style industrial architecture with Miami’s contemporary art-driven aesthetic.
“The Rider represents a new benchmark for design-driven living in Miami, blending architecture, art, and culture in a way that feels both distinctive and timeless,” said Diego Ojeda, Founder of Ciprés and President of Rilea Group. “Partnering with Banco Inbursa, one of the most respected names in international development finance, underscores the strength of this vision. Their confidence in The Rider reflects the project’s unique appeal, and our collaboration has been instrumental in bringing it to life.”
Residences at The Rider will be delivered fully furnished, ranging from studios to three-bedroom units (386 to 1,612 square feet) with pricing from the $500,000s to over $2.5 million. Buyers are responding to The Rider’s bold, art-driven lifestyle, with strong pre-sales activity fueled by demand from European, South American, and New York buyers. The project’s distinctive design, prime location, and flexible ownership model have helped generate significant early momentum in Miami’s competitive luxury condo market.
Design Details: Where Retro Meets Refined
Inside, RADYCA — known for its superyacht and high-end residential work — layers bold textures, mid-century furnishings, and a $1 million fine-art photography collection from Morrison Hotel Gallery and Iconic Images Gallery. Residences feature Bertazzoni appliances, Italkraft cabinetry, Cosentino Dekton countertops, and Porcelanosa bath fixtures, complemented by smart home technology and impact-resistant windows.
The building’s amenities are designed as an urban resort: a rooftop pool with skyline views, restaurant and speakeasy accessible via private elevator, pet spa, wellness center with cold plunges, infrared saunas, IV therapy, and a traditional Hammam/Turkish bath. Other highlights include private office suites, a hi-fi vinyl listening room, and a fleet of Harley-Davidson motorcycles, Vespas, and e-bikes available to residents.
Forward-Thinking Development Backed by Global Capital
The Rider marks one of the few Miami condo developments to accept cryptocurrency transactions, part of a growing push toward tech-integrated living. Its location — at the intersection of Wynwood, Midtown, Edgewater, and the Design District — places it at the epicenter of Miami’s creative and economic renaissance.
Banco Inbursa, part of Grupo Financiero Inbursa and majority-owned by billionaire Carlos Slim, has expanded its Miami footprint since 2008, financing several high-profile developments. The bank cited The Rider’s “distinctive design and visionary team” as key factors in its decision to back the project.
A Legacy of Miami Innovation
Rilea Group, founded in 1981, has developed over 10 million square feet of real estate in South Florida, including 1450 Brickell, The Bond on Brickell, and One Broadway. The Rider marks the first residential project under its Ciprés brand — a concept founded by Ojeda to blend European elegance with Miami’s contemporary creative energy.
Construction is being led by Beauchamp Construction, one of the region’s most experienced general contractors.
2000 Wynwood Under Construction at 2000 N Miami Ave: A New Gateway to Wynwood
Construction is underway at 2000 Wynwood, a new mixed-use development located at 2000 N Miami Avenue. The project broke ground last month, bringing fresh momentum to Wynwood’s southern entrance and strengthening its connection to the neighboring Miami Arts & Entertainment District.
This marks a transformative step for an area long seen as the “gateway” into Wynwood — one that is now poised to evolve into a fully activated corridor for residents, visitors, and businesses alike.
Project Details: What’s Coming to 2000 Wynwood
Developed by Clearline Real Estate, with Shawmut Design and Construction leading the build, 2000 Wynwood will introduce a mix of residential, retail, and lifestyle space designed with both flexibility and sustainability in mind.
Highlights include:
12 stories / 380,000 square feet
310 residential units — a mix of studios, one-, and two-bedroom layouts
12,500 square feet of ground-floor retail space
308 parking spaces plus 141 bike racks for multi-modal access
Architect: LEO A DALY
Landscape / Engineering: Langan and Naturalficial
The building’s architecture emphasizes well-being, sustainability, and neighborhood integration — designed to feel bold yet approachable at Wynwood’s edge.
Why This Location Matters
Strengthening Wynwood’s Southern Gateway
Wynwood’s core activity has historically centered north of NW 20th Street. 2000 Wynwood sits just south of that, on a key stretch of N Miami Ave, bridging the arts district with downtown and Midtown Miami. Its location will help erase the divide between Wynwood and the A+E District, creating a more seamless urban flow.
Meeting the Demand for Live + Work + Play
As Wynwood continues to transform into a true mixed-use neighborhood, demand is growing for residential options that offer lifestyle amenities alongside retail. With coworking spaces, social lounges, and fitness areas planned, 2000 Wynwood is tailored for residents who want to live at the heart of Miami’s creative energy.
Smart Growth Through Infill
Rather than pushing development outward, 2000 Wynwood represents Miami’s pivot toward infill density. By building up on existing urban land, the project preserves walkability and makes more efficient use of Miami’s infrastructure.
Economic & Cultural Impact
The project signals confidence in Wynwood’s future. Clearline Real Estate acquired the site assemblage for roughly $19.1 million, securing T6-8-O zoning to allow up to 12 stories of mixed use.
As one of the largest new projects at Wynwood’s southern entrance, 2000 Wynwood is expected to:
Draw in new retail and cultural tenants
Anchor additional redevelopment in the surrounding area
Provide hundreds of housing units near Downtown Miami
Reinforce Wynwood’s identity as not just an arts hub, but a full-fledged residential community
What’s Next
With demolition complete earlier this year and construction now in progress, watch for:
Foundation and vertical construction milestones
Retail leasing announcements
Streetscape and landscaping plans that shape the pedestrian experience
A projected delivery timeline over the next two years
Final Thoughts
The groundbreaking of 2000 Wynwood marks a turning point for Miami’s most artistic neighborhood. By bringing together residential density, ground-floor retail, and thoughtful design at a strategic location, the project is set to redefine how residents and visitors experience Wynwood’s southern gateway.
As Miami continues to densify and mature as a global city, projects like 2000 Wynwood highlight the importance of infill development that builds upon the vibrancy of existing neighborhoods while better connecting them to the urban core.
How to Buy Real Estate with Crypto Without Triggering a Tax Event
In the world of real estate financing, a revolutionary option has emerged for cryptocurrency holders. Milo, a Miami-based fintech company, is transforming how crypto investors buy property—without having to sell their digital assets or incur a taxable event.
What Is Milo?
Milo offers a crypto-backed mortgage that allows buyers to use Bitcoin or Ethereum as collateral. Unlike traditional methods where crypto had to be sold—triggering capital gains taxes—Milo lets clients retain ownership of their digital assets. The crypto is placed in a secure, escrow-like account with Milo as collateral for the loan.
How It Works: Pre-Construction vs. Existing Properties
For pre-construction condos, Milo can even cover your deposit payments, giving investors early access to South Florida’s hottest developments. Interest rates for these loans typically range from 11–14%*.
For existing properties, Milo provides a more traditional 30-year mortgage, with interest rates in the 9–10% range*. This flexibility allows crypto investors to enter the real estate market without liquidating their holdings. *Disclaimer: Interest rates are subject to change and depend on many variables. Prospective customers should request a custom quote.
The Benefits for Crypto Holders
The biggest advantage? No taxable event. By using crypto as collateral instead of converting it to fiat, Milo clients avoid capital gains taxes and stay invested in their digital portfolios. This structure is especially attractive for international buyers, long-term crypto holders, and investors seeking to diversify into real estate.
Comparing Milo to Traditional Options
Traditionally, purchasing real estate with crypto meant converting it into cash—incurring taxes and missing out on potential future gains. Milo flips the script: your crypto stays intact, is safely held, and can be reclaimed once the loan is paid off. It’s a future-focused financing solution for a new generation of wealth.
Meet the Visionary Behind Milo
At the helm of Milo is Josip Rupena, the company’s founder and CEO. A former J.P. Morgan executive, Rupena set out to bridge the gap between traditional real estate lending and the fast-moving world of digital assets. Under his leadership, Milo launched the first crypto mortgage product of its kind, reshaping what’s possible for crypto-savvy buyers.
Founded in Miami and headquartered in Wynwood at 545 NW 26th Street (545 Wyn)—the same building that houses the MIAX Sapphire options trading floor—Milo has quickly gained traction as a category-defining fintech. To date, it has closed over $65 million worth of crypto mortgage transactions, helping buyers around the world unlock real estate ownership without selling their Bitcoin or Ethereum.
As cryptocurrency becomes increasingly mainstream, Milo remains at the forefront, empowering a new wave of investors to diversify into real estate—securely, tax-efficiently, and without compromise.
Ready to Use Your Crypto to Purchase a Dream Property?
If you’re a crypto holder looking to buy real estate in Miami without selling your digital assets or triggering a taxable event, I can guide you through the entire process. Whether you’re interested in a pre-construction opportunity or a luxury condo that’s move-in ready, I’ll help you explore the best options for leveraging your crypto as collateral.
Contact Lucas Lechuga — Miami real estate expert and founder of MiamiCondoInvestments.com — to learn how to make your crypto work for your real estate goals.
Let’s unlock your next property using the power of crypto — safely, strategically, and tax-efficiently.
MIAX Sapphire Launches in Miami, Cementing City’s Growing Role as Financial Powerhouse
Miami just scored a major win in its continued rise as a global financial hub. On September 16, 2025, Miami International Holdings (MIAX) officially opened MIAX Sapphire, a cutting-edge options trading floor located in the heart of Wynwood. The launch marks a significant milestone for both MIAX and the City of Miami, introducing a fully operational open-outcry trading floor—the first of its kind in Miami and only the second to open in the United States over the past five decades. This bold move positions Miami as a serious contender to legacy financial centers like New York and Chicago, signaling a new chapter in the city’s economic and real estate landscape.
Located on the ninth floor of the 545 Wyn building, MIAX Sapphire spans more than 38,000 square feet and features not just a bustling trading pit, but also modern office spaces, conference rooms, and even a dedicated Bloomberg Television broadcast studio. The trading floor was meticulously designed with optimal lighting, acoustics, and infrastructure to support the dynamic needs of market-makers and trading professionals. Already, firms like Citadel Securities, Susquehanna International Group, Jane Street, and others are actively quoting on-site, offering real-time liquidity in one of the most active asset classes in the world: U.S. equity options.
What makes MIAX Sapphire especially noteworthy is its ability to grant market participants access to 100% of the multi-listed options market. This further enhances Miami’s standing as a viable and attractive location for sophisticated financial activity. As Miami continues its transformation into “Wall Street South,” the presence of a physical trading floor adds an extra layer of institutional credibility to a city that has already attracted a flood of fintech startups, hedge funds, and venture capitalists in recent years.
The economic implications for Miami are significant. The establishment of a trading floor of this scale will generate high-paying jobs—not only for traders and market-makers but also for compliance officers, risk analysts, operations staff, and technical support teams. The ripple effect will benefit a wide array of adjacent industries, including law, accounting, cybersecurity, and commercial real estate. Additionally, Miami stands to gain from increased business travel and financial events, further bolstering the local hospitality, transportation, and service sectors.
From a real estate perspective, the impact of MIAX Sapphire’s launch could be profound. High-income professionals relocating or commuting to the city for trading-related roles will likely drive up demand for luxury housing in areas like Brickell, Coconut Grove, South of Fifth, and Surfside. Rental prices are expected to rise in tandem, particularly for high-end apartments and condos in nearby neighborhoods. Will MIAX Sapphire encourage traders and finance professionals from other cities to relocate to Miami? All signs point to yes. Miami’s tax-friendly environment—with no state income tax—is an undeniable draw for high earners accustomed to the burdens of places like New York and California. Add in year-round sunshine, a vibrant cultural scene, and rapidly improving infrastructure, and you have a formula that’s hard to beat. The presence of a physical trading floor also offers strategic advantages in latency-sensitive trades and face-to-face dealmaking, making Miami not just a lifestyle upgrade but a smart business decision.
MIAX Sapphire could very well mark the tipping point in Miami’s transformation from sun-drenched tourist destination to full-fledged financial powerhouse. In short, the opening of MIAX Sapphire isn’t just a financial milestone—it’s a major turning point for Miami’s economy, real estate market, and identity. As more trading desks, financial firms, and market professionals make their way south, Miami’s status as a global finance capital looks more certain than ever.
7 Wynwood Apartment Buildings Offering Up to 3 Months Free Rent
If you’re eyeing Wynwood’s vibrant rental scene, now’s the time to act. Here’s your guide to the hottest deals—get up to 3 months free rent at prime properties across the neighborhood.
1. Wynwood Plaza Residences
Deal: Up to 3 months free rent on select studio–2BR units Perks: Rooftop pools, coworking spaces, game lounge, luxe finishes. Why It’s Hot: Combines premium amenities with aggressive incentives—ideal for renters seeking upscale living and savings.
2. Society Wynwood
Deal: Up to 3 months free rent on select layouts Perks: Social-focused — coworking, pool deck, grilling zones, full gym. Why It’s Hot: Community-driven living with big rent breaks in the heart of Wynwood.
3. 29 Wyn
Deal: 2 months free on select one-bed units Perks: Lofted ceilings, Italian cabinetry, smart tech, rooftop pool, wellness amenities. Why It’s Hot: Architectural flair meets smart-home convenience—perfect for design-forward renters.
4. The Highley House
Deal: 2 months free rent lease special Perks: Modern, globally inspired residences built around Wynwood’s energy. Why It’s Hot: A sleek, boutique option for renters wanting style and a solid incentive.
5. Amara Wynwood
Deal: Up to 2 months free rent for new residents Perks: Creative interiors, curated art programming, resort amenities. Why It’s Hot: A brand-new canvas for living—ideal for early movers wanting fresh digs with perks.
6. Strata Wynwood
Deal: Up to 2 months free rent on select 14‑month/furnished leases Perks: State-of-the-art gym, steam room, Pilates, lounge, film room, bike storage. Why It’s Hot: Full lifestyle experience with flexible lease options and move-in perks.
7. Wynwood 25
Deal: 6 weeks free rent Perks: Studio–3BR units, smart kitchens, pool, fitness studio with virtual spinning, pet spa & grooming. Why It’s Hot: A slightly smaller free-month deal—but still valuable in this amenity-rich community.
Smart Tips to Score Your Deal
Confirm unit eligibility. These deals often apply only to specific floorplans or lease terms.
Negotiate smart. Use the free months to offset move-in costs like furniture, deposits, or movers.
Lease length matters. Some offers require 14-month terms—evaluate total cost per month.
Check timing. These promotions are time-limited—call community teams asap.
Final Takeaway
If you want to rent in Wynwood, now’s your shot. Whether you’re drawn to luxe amenities, artistic vibes, or social co-living, these seven communities are rolling out 2 to 3 months free rent (or equivalent) deals that can save big. Reach out and tour soon—the offers won’t stick around!
PMG Locks in $413M Financing for Dual-Tower One Twenty Brickell Residences in Miami
Miami’s development momentum shows no signs of slowing down as national developer PMG secures $413 million in construction financing for One Twenty Brickell Residences, a high-profile dual-tower project planned for the heart of Brickell. The financing package, provided by an Ares Real Estate fund and Monarch Alternative Capital, will support all aspects of the development—including luxury condominiums, rental residences, retail, and structured parking.
This latest deal marks a continued collaboration between PMG and its capital partners, who previously joined forces on a financing package for a separate PMG development in Wynwood. Jones Lang LaSalle (JLL), along with PMG’s Capital Markets team, helped structure and secure the financing. PMG is targeting an early May groundbreaking, with delivery scheduled for 2028.
“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said PMG’s Andrew Warman, who helped lead the transaction.
One Twenty Brickell Residences will consist of two architecturally distinct towers designed by Sieger Suarez Architects, with interiors by Cotofana Designs. The first tower, rising 37 stories, will include 266 fully finished condos—each with a deeded office suite, a unique offering aimed at today’s work-from-anywhere buyer. The second tower, rising 41 stories, will be operated by Sentral and feature 537 rental apartments ranging from studios to three-bedrooms, all outfitted with high-end finishes, smart home tech, and custom Italkraft cabinetry.
PMG reports that the condominium tower is already over 91% sold, a sign of strong market appetite for luxury residences in this key Miami submarket. “Its swift sales success is a testament to the tremendous team at PMG Residential,” noted Dan Kaplan, Managing Partner at PMG.
The project also boasts an impressive amenity package. Residents will enjoy over 100,000 square feet of shared and exclusive offerings, including concierge service, fitness studios, co-working lounges, a juice bar, pickleball court, spa and treatment rooms, and an infinity-edge pool—catering to both social lifestyles and wellness-focused living.
Representatives from both financing firms expressed confidence in the project’s positioning. Ares’ Bryan Donohoe noted that the firm was “pleased to further build on our relationship with PMG,” while Monarch’s Joshua Acheatel said they were “excited to continue [their] relationship with a best-in-class developer.”
PMG’s legal team, along with leading attorneys from Kramer Levin, Saul Ewing, Bilzin Sumberg, and Greenberg, Trager & Herbst, managed the legal structuring of the deal.
Backed by a portfolio that includes E11EVEN® Hotel & Residences, Waldorf Astoria Hotel & Residences Miami, and 111 West 57th Street in NYC, PMG continues to solidify its reputation as a dominant force in the luxury residential market. With One Twenty Brickell Residences, the developer further affirms its commitment to forward-thinking urban development and lifestyle design in Miami’s most desirable neighborhoods.
Amazon Signs Historic Office Lease at Wynwood Plaza
Wynwood is making history with its largest office lease to date. The developers behind Wynwood Plaza have announced that Amazon has officially signed a lease for 50,333 square feet of office space within the campus. This major move comes just over a year after Amazon founder Jeff Bezos announced his relocation to Miami, further solidifying the city’s status as a hub for high-profile companies.
Amazon’s decision to establish a presence at Wynwood Plaza underscores the growing appeal of Miami’s business district. Andrew Trench, Managing Director at Cushman & Wakefield, expressed enthusiasm about the lease agreement, stating, “We are extremely excited to welcome Amazon to Wynwood Plaza and are already receiving indications that many more will follow.”
Developers L&L Holding Company and Oak Row Equities echoed this optimism, emphasizing their confidence that Miami’s rapid economic expansion will continue to attract top-tier companies to the area.
Amazon joins an impressive list of tenants already committed to Wynwood Plaza, including:
Claure Group – 25,400 square feet
Weitz & Luxenberg – 18,000 square feet
The 12-story office tower, which is set to offer 266,000 square feet of Class AAA office space upon completion, is poised to become a premier destination for businesses looking to establish a presence in Miami.
Wynwood Plaza is more than just a business hub—it’s a mixed-use development designed to enhance the neighborhood’s vibrant culture. The campus includes Wynwood Plaza Residences, a high-end rental community featuring 509 luxury apartments, along with 45,000 square feet of indoor and outdoor amenities. This building is now nearing completion.
Additionally, the project will feature a 26,000-square-foot public plaza at street level, designed by Field Operations—the urban design team responsible for NYC’s High Line and Miami’s The Underline. The plaza will be surrounded by 25,000 square feet of retail space, hosting a mix of indoor and outdoor dining, boutique storefronts, convenience spots, and fast-casual restaurants.
Wynwood Plaza’s leasing team was led by Bryan Lapidus of L&L Holding Company, along with Andrew Trench, Edward Quinon, and Brian Gale of Cushman & Wakefield.
Shorenstein Investment Advisers is a project partner, while Claure Group has also taken on a co-investor role, further reinforcing the strength and appeal of Wynwood Plaza.
With Amazon’s historic lease and a growing list of prestigious tenants, Wynwood Plaza is rapidly becoming one of Miami’s most sought-after office destinations. As Miami’s business landscape continues to flourish, this development is set to play a crucial role in the city’s next phase of corporate growth and innovation.
Introducing Joule House: Wynwood’s New Vibrant Residential Community
Fisher Brothers has rebranded its highly anticipated Wynwood project, formerly known as Wynhouse Miami, as Joule House. Located at 2200 NW First Avenue, the eight-story development is poised to redefine urban living in Wynwood when it opens in Spring 2025. The project is managed by Bozzuto, the exclusive leasing and marketing agent.
A Bold Vision for Wynwood Living
Joule House will feature 308 rental residences, 26,000 square feet of ground-floor retail and paseo space, and over 23,000 square feet of amenities across three levels. Designed by the renowned Rockwell Group, the building will showcase art installations on its façade and include a public paseo that seamlessly connects retail and community spaces.
Thoughtfully Designed Residences
Residences at Joule House range from 474 to 1,405 square feet, offering studio, one-bedroom, two-bedroom, and select penthouse layouts. Crafted by ID & Design International (IDDI), the interiors boast:
Floor-to-ceiling windows for natural light.
GE washers and dryers for convenience.
Smart home features for modern living.
Neutral palettes with bold accents for a chic aesthetic.
Amenities to Elevate Every Lifestyle
The indoor and outdoor amenities at Joule House, designed by the Rockwell Group, cater to relaxation, productivity, and community engagement. Highlights include:
Outdoor garden with unique curved landscaping.
Custom Airstream lounge and outdoor yoga/cinema space.
Coworking lab with communal tables, private offices, and a coffee bar.
Fitness studio with Peloton and Precor equipment.
Game room featuring a pool table and arcade games.
Rooftop oasis with a heated infinity pool, jacuzzi, barbecue area, and lounge.
The House Brand Legacy
Joule House is the latest project under Fisher Brothers’ House brand, which is celebrated for its design-forward, amenity-rich residential communities. Past developments include House 39 in Murray Hill, NYC, and Station House in Washington, D.C. This project marks the brand’s expansion into key markets, bringing its signature lifestyle to Wynwood.
Joule House not only promises to be a luxurious and community-driven living space but also aims to capture the creative and energetic spirit of Wynwood. Stay tuned as this exciting development transforms the neighborhood and sets new standards for urban living.
Rosee Wynwood: A Modern Vision for Miami’s Growing Skyline
Miami’s Urban Development Review Board is set to review plans for the exciting Rosee Wynwood project on November 20th. This preconstruction venture promises to redefine urban living in Wynwood, featuring a six-story structure with 140 residences. With unit sizes ranging from 430 to 1,342 square feet, Rosee Wynwood is tailored to meet the diverse needs of modern homeowners.
According to Miami Condo Investments, each residence will feature nine-foot-high ceilings, Euro-style appliances, and integrated smart home systems, blending functionality with sophistication. Starting in the mid-$400s to lower $500s, these homes offer accessibility to luxury, depending on the source.
Rosee Wynwood goes beyond residential living with its communal offerings. Residents can enjoy a swimming pool, pickleball and paddle ball courts, and a running track, among other amenities. Designed with an active and connected lifestyle in mind, the development ensures that community spaces meet the expectations of urban dwellers.
Adding to its appeal, Rosee Wynwood incorporates 10,465 square feet of retail space across two levels. Of this, 6,771 square feet is allocated for “micro-retail” opportunities, creating a dynamic shopping and dining experience for residents and visitors alike. The development will also include a basement-level garage with 207 parking spots.
The project’s modern design comes from the creative collaboration of Antwerp, Belgium-based BINST ARCHITECTS and Charles Benson. Development is spearheaded by Norwyn Development and Charles Benson, combining international inspiration with local expertise.
Located at 3223 NW 5th Ave, Miami, FL, Rosee Wynwood sits in the vibrant heart of Wynwood, just blocks from the Art District and a short 12-minute drive to Downtown Miami. The area’s rich cultural backdrop and thriving arts scene make it one of Miami’s most sought-after neighborhoods.
With a projected completion date in 2027, Rosee Wynwood is poised to make a lasting impact on Miami’s real estate market and community. As the city continues to grow, developments like this play a key role in shaping the future of urban living.
