Rilea Group's Mohawk at Wynwood project claimed South Florida's largest construction permit for the week ending August 12, 2026 — an $85.6 million authorization for a 300-unit residential tower at 50 NE 29th Street in Miami's Wynwood neighborhood.

What is the Mohawk at Wynwood project?

Mohawk at Wynwood is a mixed-use apartment development by Miami-based Rilea Group, led by Chief Executive Officer Alan Ojeda, spanning 488,880 square feet at 50 NE 29th Street. The project pairs 300 residential units with 30,000 square feet of ground-floor retail space, and Rilea Group expects to complete construction by 2028.

  • Total permitted construction value: $85.6 million
  • Total building area: 488,880 square feet
  • Ground-floor retail component: 30,000 square feet
  • Projected completion: 2028

How is Rilea Group financing the Mohawk at Wynwood?

Rilea Group secured a $149.2 million construction loan in January 2026, making the Mohawk at Wynwood one of the more substantially capitalized apartment projects currently moving through Miami's permitting pipeline. The financing package included $124.2 million in Commercial Property Assessed Clean Energy (C-PACE) financing provided by Nuveen Green Capital — a structure that allows developers to fund energy-efficient construction improvements through a property tax assessment rather than conventional debt alone.

  • Total construction loan: $149.2 million (closed January 2026)
  • C-PACE financing portion: $124.2 million, provided by Nuveen Green Capital
  • C-PACE financing enables energy-efficiency upgrades repaid via property tax assessments

What does this project mean for Wynwood's development landscape?

The $85.6 million permit signals that large-scale residential construction in Wynwood continues to accelerate in 2026, as the neighborhood — long defined by its arts district character and low-rise warehouses — absorbs wave after wave of mixed-use density. Mohawk at Wynwood's 30,000 square feet of retail space suggests Rilea Group is betting that street-level commerce can keep pace with the hundreds of new residents the project will add.

  • Wynwood has seen sustained developer interest driven by zoning changes and proximity to Brickell and Midtown Miami
  • C-PACE financing structures have grown in popularity across South Florida as developers seek alternatives to conventional construction lending

Original reporting on the permit ranking was published by The Real Deal Miami.