Exclusive Unveiling: Oak Row Equities and LNDMRK Development Showcase 2900 Terrace in EdgewaterNovember 18, 2023
Oak Row Equities, a dynamic real estate private equity and development company boasting over $1.6 billion in South Florida developments, and LNDMRK Development, a principal-based real estate firm specializing in mixed-use urban development and opportunistic value-based acquisitions, have unveiled the final design plans for 2900 Terrace in Edgewater, Miami. The reveal comes following the Urban Development Review Board (UDRB) approval.
Crafted by the esteemed architecture firm Arquitectonica, 2900 Terrace is poised to redefine luxury rentals in Miami, addressing the demand for high-end living. The tower strategically offers protected Biscayne Bay views, situated on one of the last undeveloped parcels east of Biscayne Blvd. in the urban core. The development comprises 324 oversized homes featuring abundant natural light, spectacular finishes, and captivating private and shared outdoor spaces. Residents will enjoy 24/7 concierge services and a plethora of conveniences.
Designed with the discerning renter in mind, the one, two, and three bedroom residences boast spacious interiors, many with large wraparound terraces and home offices. The interior finishes rival those of for-sale buildings, employing calming color schemes and rich materials to evoke a sense of permanence uncommon in multi-family towers. The rentals are tailored for families and executives seeking a distinctive place to call home in Miami.
Arquitectonica’s design for 2900 Terrace draws inspiration from Japanese aesthetics, blending warm bronze-like accents with off-white stucco for a tranquil Zen aesthetic. Innovative material use creates nuanced textured effects on the lower portions of the facade, with perforated corrugated metal, reflective glass, and charcoal window frames and mullions, adding visual interest throughout.
Erik Rutter, Managing Partner of Oak Row Equities, emphasizes that 2900 Terrace signifies the true sophistication of the Miami market, responding directly to the maturation of South Florida’s real estate landscape. The tower offers oversized units with spacious primary bedrooms, large walk-in closets, airy great rooms, and the inclusion of a study/den in most residences, providing renters with an unprecedented option that prioritizes space, views, design, and amenities.
The tower’s extensive amenity program spans two levels, emphasizing wellness. Indoor offerings include a state-of-the-art fitness center, yoga studio, pet spa, coworking spaces with podcast studios, a content creator studio, card room, resident lounge, treatment rooms, sauna, golf simulator, theater, and a children’s playroom. An expansive south-facing landscaped deck provides opportunities for entertainment and recreation, featuring a statement swimming pool, cold plunge, poolside cabanas, lounge seating, BBQ grills, picnic seating, a hot tub, summer kitchen, two padel courts, a children’s playground, and a coworking terrace.
David Weitz, Managing Partner at Oak Row Equities, anticipates global demand for 2900 Terrace, expressing pride in the final plans and the enriched architectural experience it will bring to Edgewater. Alex Karakhanian, Principle of LNDMRK Development, echoes the sentiment, noting the exceptional development’s expertly assembled site in Edgewater East, providing unparalleled water and city views for a multi-family asset. The collaboration between Oak Row Equities and LNDMRK Development is positioned to set a new standard in Edgewater’s real estate landscape.