Oak Row Equities and LNDMRK Development have topped out 2900 Terrace, a 32-story luxury rental tower at 401 NE 29th Terrace in Miami's Edgewater neighborhood, marking a major construction milestone for one of the district's most closely watched residential projects.

What is 2900 Terrace and what will it offer residents?

2900 Terrace is a 32-story, 324-unit luxury rental building designed by Miami-based architecture firm Arquitectonica, featuring ground-floor retail space and an open-air plaza intended to activate the streetscape along NE 29th Terrace in Edgewater. Developers Oak Row Equities and LNDMRK Development are targeting a completion date in the fourth quarter of 2027.

  • Arquitectonica, one of Miami's most prominent architecture firms, is responsible for the building's design.
  • Ground-floor retail and an open-air plaza are included in the project's program.
  • The 324 residential units will be offered as rentals, adding to Edgewater's growing luxury multifamily inventory.

How fast has construction progressed at 2900 Terrace?

Construction crews at 2900 Terrace advanced at a pace of approximately one floor every week and a half, a clip that allowed the project to reach its topping-out milestone — the point at which a building's highest structural element is set in place — ahead of what many large-scale high-rise projects in Miami typically achieve.

  • Topping out signals the completion of the structural frame, with interior buildout and facade work typically following.
  • The roughly one-floor-per-ten-days pace reflects the intensive scheduling common among competitive luxury developments in Miami's urban core.

Why does this project matter for Edgewater's urban development?

Edgewater has emerged as one of Miami's fastest-densifying neighborhoods, and the topping out of 2900 Terrace reinforces that trajectory by adding 324 rental units, ground-floor retail activation, and publicly accessible plaza space to a corridor already absorbing significant residential investment. Oak Row Equities and LNDMRK Development join a roster of developers who have bet heavily on Edgewater's proximity to Brickell, Wynwood, and the Biscayne Bay waterfront as a long-term draw for renters.

  • Edgewater's location between Wynwood to the northwest and Biscayne Bay to the east has made it a focal point for luxury multifamily development.
  • Ground-floor retail at 2900 Terrace could contribute to pedestrian activity along NE 29th Terrace.
  • Completion in Q4 2027 would bring 2900 Terrace to market during a period when Edgewater's rental landscape is expected to be substantially more competitive than today.

Original reporting on the topping-out milestone was first published by PROFILEmiami.