Developers Announce Plans For ‘Condo-Style’ Luxury Multifamily Tower In Edgewater

Developers have announced they are planning a “pure multi-family project” in Edgewater after acquiring a development site allowing 36 stories.

Oak Row Equities and LNDMRK Development paid $22.5 million for the 1.5-acre property at 401 NE 29th Terrace .

“We’re eager to finalize site plans and bring this project to the market,” said Erik Rutter, Managing Partner of Oak Row Equities.

“This is one of the last remaining continuous parcels in Edgewater East capable of accommodating condo style living with luxury amenities and bay views within a multi-family framework,” said Alex Karakhanian, Principle of LNDMRK Development. “We look forward to bringing much-needed density to the neighborhood and delivering a product type not yet saturated by other offerings.”

Stefano Santoro represented LNDMRK in the deal.

Arquitectonica is designing the new tower, which will offer bay views from all units. There will also be ground floor retail.

Oak Row and Karakhanian are also partners at 2600 Biscayne. That project is also being designed by Arquitectonica and is planned to rise 40 stories and include 400 units, 160,000 square feet of office, and ground floor retail.

 

 

Plans for 2600 Biscayne:

(renderings: Quantum Space Studio)

 

The new project site:

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Anonymous
1 month ago

I kind of like it. A least it’s not another white tower with balconies.

Anonymous
1 month ago

The renders show it has white stucco outlining, and it has balconies.

Mad Dash
1 month ago

Beautiful

Rocky.
1 month ago

It’s a nice infill for sure.

Long John Silver
1 month ago

The podium on this actually looks solid. A nice change.

Anonymous
1 month ago

Until you look around to the sides, and it’s blank walls with more cheap and nasty murals.

Long John Silver
1 month ago

Yeah… that is true.

Anonymous
1 month ago

That’s nice. It would look great as a super tall!

Downtowner
1 month ago

Please note: As stated just above the first photo, these are renderings for the partnership’s project at 2600 Biscayne, not the one at 401 NE 29th Ter. I missed that at first and thought others might have missed it as well.

One question: Why do the developers refer to 401 NE 29th Ter. as “purely multi-family”? Aren’t all of these condo/apartement towers multi-family?

Son of Putin
1 month ago

2600 has an office component…

Slim Shady
1 month ago

Yes…they are technically.
It’s a term of art.
The word “Multifamily” refers to a commercial asset class where an entity owns the entire building.
Usually, there are individual owners for each unit of a condominium.

Anonymous
1 month ago

Charming Dade County pine Folk Victorian house, the other side of Biscayne Boulevard > Another crappy Arquitectonica box any day.

Sigma
1 month ago

No one is stopping you from buying that charming Victorian and donating it to a museum so future generations can marvel how shitty Miami architecture used to be before “The Great Migration” aka Covid. 😁

Lady Chaterly
1 month ago

The building is west of Biscayne Boulevard with a bunch of empty lots in front of it and the marketing is “ all units will have water views” 🙄🤓😜

Someone that knows
1 month ago

Please read the article carefully, that rendering is of a different building (2600 Biscayne) a few streets over from this.