Oak Row, LNDMRK Start Work on Edgewater Apartments
Oak Row Equities and LNDMRK Development broke ground on 2900 Terrace, a multifamily tower in Miami’s Edgewater submarket. This milestone follows the closing of $210.5 million in construction financing, including a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan provided by Canyon Partners Real Estate.
2900 Terrace was designed by Arquitectonica. The building will feature Biscayne Bay views, with one, two and three-bedroom residences (324) with private and shared outdoor spaces. Completion is anticipated by Q4 2027.
The tower spans two levels of amenities including a fitness center, yoga studio, co-working spaces with podcast and content creator studios, card room, resident lounge, treatment rooms, sauna, golf simulator, theater, and a children’s playroom.
Outdoor amenities feature a swimming pool, cold plunge, poolside cabanas and lounge seating, BBQ grills and picnic seating, a hot tub, summer kitchen, two padel courts, a children’s playground, and a co-working terrace.
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312-Unit Multifamily in Indiana Changes Hands
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout