development · Sep 16, 2026

The Rider Residences Reaches Construction Milestone in Edgewater

The Rider Residences at 94 NE 29th Street is progressing toward a 2027 completion, bringing new inventory and retail space to the Edgewater neighborhood.

Construction Progress in Edgewater

The Rider Residences, a 12-story condominium development located at 94 NE 29th Street in Edgewater, has reached a significant construction milestone. Developed by Ciprés and Rilea Group, the project is expected to be completed in the second half of 2027. The project is supported by a $90 million construction loan provided by Banco Inbursa in September 2025.

New Inventory and Amenities

The development will offer 152 residences with unit sizes ranging from 386 to 1,612 square feet. Units at The Rider Residences are priced between $550,000 and $2.4 million.

Residents will have access to various amenities, including a rooftop swimming pool, a residents lounge, and wellness facilities featuring a marble Turkish hammam, infrared saunas, and cold plunges. The ground floor will feature approximately 11,000 square feet of retail space, including the Leopard Room, which is a soundproofed speakeasy and lounge for private events. The building also includes rooftop food-and-beverage space.

Local Market Context

The addition of The Rider Residences follows other recent developments in the area, such as the nearby Mohawk at Wynwood at 56 NE 29th Street, a 12-story multifamily building with 300 units also developed by Rilea Group.

For owners in the immediate vicinity, the Edgewater market shows active movement. As of September 15, 2026, the neighborhood has 478 active condo listings with a median asking price of $722,500. The median asking price per square foot in Edgewater increased by 7.5% between August and September 2026.

Nearby options for comparison include 321 NE 26th St, which has 7 active listings starting from $355,000, and Gallery Art, which has 2 active listings starting from $399,000. Other nearby properties include City 24 with 4 active listings from $315,000, Bay House with 9 active listings from $379,000, 23 Biscayne Bay with 7 active listings from $336,999, and Uptown Lofts with 1 active listing from $529,000.