{"id":179230,"date":"2026-03-05T13:28:09","date_gmt":"2026-03-05T13:28:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/179230\/"},"modified":"2026-03-05T13:28:09","modified_gmt":"2026-03-05T13:28:09","slug":"vertical-construction-begins-on-the-rider-residences-at-94-ne-29th-street-in-miami","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/179230\/","title":{"rendered":"Vertical Construction Begins on The Rider Residences at 94 NE 29th Street in Miami"},"content":{"rendered":"

Vertical construction is underway at The Rider Residences, a 12-story boutique condominium development at 94 NE 29th Street in Miami. The project is being developed through a joint venture between South Florida-based Cipr\u00e9s and Rilea Group, with Beauchamp Construction serving as the general contractor. Following several months of foundation work, the development team has begun assembling the tower\u2019s superstructure, with construction progressing at an estimated pace of roughly one floor every one to two weeks through topping out later this year. Completion of the project is currently anticipated in 2027.<\/p>\n

The site is positioned at the crossroads of Miami\u2019s Wynwood, Midtown, Edgewater, and Design District neighborhoods. Upon completion, the building will contain 152 fully furnished residential units along with approximately 11,000 square feet of ground-floor and rooftop retail and food and beverage space.<\/p>\n

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Credit: Cipr\u00e9s and Rilea Group.<\/p>\n

\u201cCommencing vertical construction is a defining milestone for both Cipr\u00e9s and Rilea Group and reflects years of thoughtful planning and collaboration,\u201d said Diego Ojeda, Founder of Cipr\u00e9s and President of Rilea Group. \u201cFrom the beginning, The Rider was conceived not as a commodity building, but as a rare collectible piece of architecture. In a market driven by scale, we chose precision \u2013 creating something petite, with the cultural edge of a boutique hotel and the permanence of a legacy asset.\u201d<\/p>\n

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Credit: Cipr\u00e9s and Rilea Group.<\/p>\n

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Credit: Cipr\u00e9s and Rilea Group.<\/p>\n

Residential offerings will include fully furnished studio, one-, two-, and three-bedroom units along with penthouses. Floor plans range from approximately 386 to 1,612 square feet, with some layouts incorporating dens and additional half bathrooms. Pricing has been reported to start around $650,000 and extend to approximately $2.5 million.<\/p>\n

More than 50 percent of the residences are pre-sold, with interest reported from buyers based in Europe, South America, and New York. In late 2025, the development secured a $90 million construction loan from Mexico\u2019s Banco Inbursa. The project has also incorporated the option for direct cryptocurrency transactions. Sales and marketing for the development are being handled exclusively by Cervera Real Estate.<\/p>\n

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Credit: Cipr\u00e9s and Rilea Group.<\/p>\n

\u201cReaching vertical construction is a meaningful validation point for buyers and reinforces the strong momentum we\u2019ve seen since launch,\u201d said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate. \u201cThe Rider distinguishes itself through fully furnished, design-forward residences, flexible ownership, and lifestyle-driven amenities at a compelling entry point for new construction in Wynwood. Equally important is the credibility of Cipr\u00e9s and Rilea Group, whose track record of investing early in emerging neighborhoods and delivering quality product gives buyers confidence in the long-term vision.\u201d<\/p>\n

The building is designed by Miami-based Deforma Studio. The fa\u00e7ade draws inspiration from industrial architecture associated with Chicago and New York\u2019s SoHo and Meatpacking District neighborhoods, incorporating exposed brick, steel, and concrete materials alongside contemporary elements suited to Miami\u2019s design culture.<\/p>\n

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Credit: Cipr\u00e9s and Rilea Group.<\/p>\n

Interior spaces are designed by RADYCA, a Miami-based studio known for luxury residential and hospitality projects. The interiors incorporate midcentury-inspired furnishings and artwork sourced from Morrison Hotel Gallery in Los Angeles and Iconic Images Gallery in London.<\/p>\n

Residential units will feature open-plan layouts with Italian Bertazzoni appliances, Italkraft cabinetry, Spanish Cosentino Dekton countertops, Porcelanosa fixtures, smart home technology with keyless entry, and impact-resistant windows.<\/p>\n

Amenities will include a rooftop pool deck overlooking the city, a restaurant and bar accessible by private elevator, private office suites, a vinyl listening room, a pet spa, and a fitness center. Additional wellness features include cold plunge pools, infrared saunas, and a traditional marble hammam. The building will also offer valet service, electric vehicle charging stations, and a private parking garage, along with a fleet of shared vehicles including Harley-Davidson motorcycles, Vespas, and electric bicycles available for residents.<\/p>\n

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