Miami’s Urban Development Review Board voted yesterday to approve the 2900 Terrace residential tower in Edgewater.
Developers Oak Row Equities and LNDMRK Development said in statement that the new building will “will create a new category of luxury rentals,” with large units and high end details that will rival condos.
“We are intentionally delivering oversized units with spacious primary bedrooms, large walk in closets, airy great rooms, and most residences will have a study/den.” said Erik Rutter, Managing Partner of Oak Row.
The 38 story tower is being designed by Arquitectonica.
It is planned to include 324 residential units, and over 500 parking spaces.
Completion of 2900 Terrace is planned for 2026, the developers said yesterday.
Oak Row Equities and LNDMRK recently obtained a site work permit for a nearby 40-story apartment and office tower at 2600 Biscayne.
Oak Row is also co-developing the Wynwood Plaza, a 1 million square foot office, residential, and commercial complex. Completion is scheduled for 2025. A top-off celebration was held earlier this year.
