Two tower cranes now slice into Edgewater’s skyline as crews push 2900 Terrace higher, the mixed‑use project finally claiming one of the neighborhood’s last open chunks of land. Recent aerial shots show concrete slabs spread across most of the block and portions of the reinforced frame already up to about five stories, with formwork and rebar staged for the next round of pours. For now, the action is all about the parking podium and structural base that will carry the residential tower above.
According to the master permit and recent site documentation, the development is planned as a 32‑story, 362‑foot tower with more than 360,000 square feet, including 324 rental apartments, about 15,536 square feet of ground‑floor retail, and podium parking for roughly 504 vehicles. Coastal Construction is listed as the general contractor, L&R Structural is handling the concrete shell, and Oak Row Equities and LNDMRK Properties are leading the development team, per Florida YIMBY.
Design and scale
Arquitectonica is on design duty for the tower, which L&R Structural describes on its project page as a 32‑story building with oversized one‑ to three‑bedroom residences, 10‑foot ceilings, and wraparound terraces. The firm’s project overview includes aerial progress photos and pegs completion for the fourth quarter of 2027. L&R also highlights the early concrete work and foundation sequencing that set up the current vertical push, according to L&R Structural.
Contractors, timeline and financing
Coastal Construction is serving as general contractor while the shell continues to rise, with two tower cranes on site as crews keep a steady climb floor by floor. The building is expected to top out later in 2026, with overall completion targeted for the fourth quarter of 2027, based on reporting and permit data. Financing for the project includes a roughly 210.5 million dollar construction package, made up of a 142.5 million dollar senior loan from Bank OZK and a 68 million dollar mezzanine piece from Canyon Partners, according to Bisnow.
Where it fits in Edgewater
The 1.5‑acre site slots into a broader wave of rental development racing across Edgewater, and planners have described the parcel as one of the last undeveloped blocks east of Biscayne Boulevard when the project secured local approvals. That backdrop helps explain the project’s density and amenity push as developers jockey for renters in a crowded South Florida market, per Multi‑Housing News.
For nearby residents, the next stretch means regular truck traffic, crane swings, and a lot of concrete heading skyward as crews finish the podium and move into full tower levels. Expect 2900 Terrace to stay front and center in Edgewater’s evolving skyline as work marches toward a late‑2027 opening.
